 "HDFC Life to raise exposure to capital goods stocks on govt infra push")
Private sector life insurer HDFC Life on a standalone level reported a 2 per cent jump in net profit to Rs 317.94 crore in the March quarter of FY21, from Rs 311.71 crore in the same period last year.
The insurer saw a 23 per cent rise in net premium in Q4FY21 to Rs 12,868.01 crore from Rs 10,464.46 crore a year ago. Its investment income of Rs 6,051.42 crore in the fourth quarter was down almost 50 per cent sequentially.
HDFC Life has a Covid reserve of Rs 165 crore for FY22 on its balance sheet for potential adverse
