“I think we looked at the industry for the first half (H1), but we hope we will continue to outdate the industry,” as the Directory Directory Officer in a Postal Category.
In the June quarter, the total annual premium equivalent (cheek), a metric growth, rose 12.5% year-on-year to Rs 3,225 crore. It translates into a two-year CAGR of 21%, almost doubled by 11% for the industry.
According to care ratings, industry slowdown is dedicated to the effect of revised regulations of the surrender value, beginning with October 2024, and muted consumer needs.
HDFC life management is looking forward to growing in the second half (October-March) or H2 in the current financial year. “One is the base effect of last year if the development of H2 is slower than development of H1, as the basics should be aware that it should be aware of the road well.
The company’s new business value (VNB) margin stands 25.1% in April-June, a small uptick from last year 25%. Management guides to maintain the margins of the year, balance dynamic dynamics of long-lasting agenda and useful growth. Niraj Sah, Executive Director and Chief Financial Officer, expecting margins expected to fit this year given in total growth expected to be soft. “Last year, we talked about 18-20% of growth type. This year is likely to be lower than this year, even if there is a year of abusing from last year.
