'HDFC Life Insurance Company conducted a conference call on 15 January 2025 to discuss the financial results for the quarter ended December 2024. Vibha Padalkar, MD & CEO of the company addressed the call:
Highlights:
The company has registered a healthy growth of 22% based on
individual WRP for 9MFY2025 outpacing private Industry growth of 19% and
overall sector growth of 14%.
The market share in the overall sector expanded by 70 bps to
10.8% with the private sector market share at 15.3%.
The company has witnessed both ticket size and volume
expansion. The number of policies sold has grown by 15% outperforming the
private sector''s growth of 9% the average ticket size has also grown by 8%
during 9MFY2025.
Over 70% of the customers acquired are new to HDFC life
demonstrating progress towards objective to expand customer base.
The retail sum assured has grown by 22% yoy.
The company continue to...
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