Vibha Padalkar, HDFC Life Insurance
HDFC Life Insurance will continue to invest in strengthening its distribution network by expanding branches for business growth. This prosecutor, the insurer plans to open around 80-100 branches throughout the country, mainly in cities of level 2 and level 3.
“Our VNB margin growth (value of new businesses) will be a range to fiscal year 26, because we need to invest again in business growth in our agency. We add on 117 branches this year (FY25), and 200 branches rise to Itarches Elevate to Itarches Elevate to Itbant Itarches because they hurry to return to the company.” Commercial.
New branches
“We should open another 80-100 branches in this prosecutor. It will be mainly at level 2 and 3,” said Padckar.
According to her, the mixture of products for level 2 and 3 cities is “reasonably” similar to level 1. “It is almost holistic, all products are sold quite well. The ticket size (average) is slightly lower, because we are looking at the upper quartile of level 2 and the upper quartile of level 3,” he said.
For HDFC Life, at the end of the last tax ticket size and average of the life insurance policies, it stood at around RS 1 Lakh, which grew around 9 percent year -on -year.
The Individual Annualized Premium Equivalent of the Insurer for Fiscal Year 2000 GRW 18 percent year -on -year, backed by a 9 percent growth in the average size of tickets and a 9 percent growth in the number of policies.
Total APA for the last financial year grew 16 percent year -on -year to ₹ 15,479 million rupees, while the value of new businesses (VNB) the duration of the period increased by 13 percent year -on -year to ₹ 3,960 million rupees. For fiscal year 2015, its net profit increased by 14.87 percent year -on -year to ₹ 1,802.12 million rupees of ₹ 1,568.86 million rupees for the fiscal year 2014.
Total APE increased almost 10 percent year -on -year for the fourth quarter the last prosecutor, while VNB grew by 12 percent year -on -year for the quarter. The margin of VNB grew 40 basic points yoy by 26.5 percent for Q4Fy25.
Posted on April 18, 2025