Mumbai: HDFC Life FY26 performance reflected strong growth across key business parameters, with the insurer reporting a 12% year-on-year increase in total reported premium, including renewal premium, while retaining its position among the top three life insurers in India.
The company maintained a new business market share of 10.8%, according to Chairman Keki M. Mistry’s message to shareholders.
During HDFC Life FY26, the company posted a profit after tax (PAT) of ₹1,910 crore.
Assets under management (AUM) grew to ₹3.75 lakh crore, while Embedded Value stood at ₹62,139 crore as of March 31, 2026, underscoring the insurer’s continued focus on sustainable and profitable growth.
A key highlight of HDFC Life FY26 was the significant expansion of its retail protection segment. The insurer reported a robust 43% growth in its retail protection business, reflecting increasing consumer awareness and demand for protection-oriented products.
The company also demonstrated strong customer-centric performance during HDFC Life FY26, achieving an overall claim settlement ratio of 99.8% across both individual and group businesses in FY2025-26.
The achievement reinforces HDFC Life’s commitment to delivering financial security and superior customer service.
Commenting on the evolving insurance landscape, Chairman Keki M. Mistry noted that the removal of GST on retail life insurance products and the implementation of IFRS reporting from April 2026 are expected to benefit the industry significantly.
According to Mistry, these developments are likely to improve product affordability, enhance transparency and support the long-term growth trajectory of the life insurance sector.
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On the technology front, HDFC Life FY26 saw continued investments in advanced analytics, automation, digital infrastructure and GenAI-led capabilities.
The company said these investments are aimed at enhancing customer experience, strengthening risk management, improving operational efficiency and increasing overall business agility.
The insurer further stated that it continued to expand and strengthen its diversified distribution network across proprietary, partnership and digital channels.
Simultaneously, the company invested in product innovation spanning protection, savings, retirement and wellness solutions to cater to evolving customer needs.
Reflecting its emphasis on governance and transparency, HDFC Life was recognised in the Leadership category of the Indian Corporate Governance Scorecard by Institutional Investor Advisory Services (IiAS) during the year.
Looking ahead, Mistry said favourable demographics, rising awareness around long-term financial planning and an evolving regulatory environment are expected to drive sustained growth in India’s life insurance industry, despite prevailing global geopolitical uncertainties and market volatility.
