HDFC Life Q2 APE Growth at 11%, H1 at 9%
HDFC Life Insurance Company Ltd held an earnings conference call on October 15, 2026, to discuss its financial performance for H1 FY'27. The company reported an 11% growth in individual weighted received premium (APE) for Q2, outpacing the private industry's 10% growth and improving market share to 16.2%. For H1 FY'27, individual APE growth stood at 9%. Overall APE grew by 13% in Q2 and 11% in H1. The number of individual policies grew 9% in H1, ahead of the industry. Bancassurance partnerships, including a new one with J&K Bank, showed strong growth. The agency channel also performed well, with branches opened in the last 30 months contributing significantly to business. Retail protection saw a 33% growth in H1, and credit protect grew by 19%. The company highlighted the current interest rate environment as opportune for customers seeking long-term guaranteed returns.
Key Highlights
- HDFC Life's Q2 individual APE grew 11%, exceeding industry growth.
- H1 FY'27 individual APE growth reached 9%, with policy count up 9%.
- New bancassurance partnership with J&K Bank announced.
- Retail protection segment grew 33% in H1 FY'27.
- Company leveraging current interest rates for savings and annuity products.
Price Impact
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