HDFC Life Posts 13.6 Percent Profit Rise
India's HDFC Life Insurance reported a 13.6 percent rise in quarterly profit to 5.08 billion rupees. The growth was driven by higher premium income and improving sales through its parent bank.
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HDFC Life Insurance Co Ltd posted a 13.6% rise in quarterly profit to 5.08 billion rupees ($53.44 million) during the autumn afternoon, driven by higher premium income across India. The insurer rebounded from previous quarters constrained by distribution hurdles. Growth was bolstered by recovering retail sales through HDFC Bank Limited, the parent institution.
