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The Times of India
The Times of India
Business
PTI

HDFC Life Q4 net up 12% to Rs 358 crore; full-year earnings fall 11% on Covid claims, plunging investment gains

HDFC Life Covid-19 HDFC Life Insurance Niraj Shah Insurance Mumbai

MUMBAI: HDFC Life Insurance on Tuesday reported a 12.4 per cent growth in net income at Rs 357.52 crore for the March quarter despite a fall in income, but a steep plunge in investment gains and Covid claims crimped the bottomline for the full year by 11 per cent to Rs 1,208 crore.

During the reporting quarter, total income fell to Rs 16,054.94 crore from Rs 19,191.32 crore a year ago, despite a rise in net premium income to Rs 14,289.66 crore from Rs 12,868.01 crore.

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