HDFC Life Insurance – Q1 FY25 Results Consistent Value Creation Through Product Balance and Customer Retention

HDFC Life continued its steady trajectory in Q1 FY25, delivering embedded value growth with disciplined execution. Performance was enabled through: Balanced growth across protection, savings, and annuity products High persistency ratios, reflecting customer trust and strong renewal premiums Sustained VNB margins, supported by an optimized channel mix Technology-led efficiency in customer onboarding and servicing Investor View: HDFC Life is delivering through quality — not just quantity. Its ability to sustain margins, improve persistency, and grow embedded value positions it as a long-term compounder in India’s life insurance sector. This is for educational purpose only. We are not recommending any stock