HDFC Life profit rises 4.2% to Rs 818 cr in FY16

Private sector insurer HDFC Life today reported a 4.2 per cent rise in net profit at Rs 818 crore for the fiscal ended March 31, 2016.

The insurer had posted a net profit of Rs 786 crore in the previous fiscal.

Total premium collection of the company rose 10 per cent to Rs 16,313 crore, HDFC Life said in a statement.

The company has paid a dividend of Rs 216 crore to its shareholders.