HDFC Life Insurance Company Limited

rs,

andra-Kurla Complex, Bandra (East), Mumbai- 400 051 Listing Department BSE Limited Sir PJ Towers, Dalal Street, Fort, Mumbai – 400 001 NSE Symbol: HDFCLIFE BSE Security Code: 540777 Dear Sir

10.3%

, 2023 BSE Code: 540777 NSE Code: HDFCLIFE Overall market share (Individual WRP) expansion to 10.3%; Continued leadership in sum assured on the back of 28% protection growth  Outpaced private ind

28%

rket share (Individual WRP) expansion to 10.3%; Continued leadership in sum assured on the back of 28% protection growth  Outpaced private industry based on total new business premium growth  45% g

45%

f 28% protection growth  Outpaced private industry based on total new business premium growth  45% growth in sum assured; Retail protection APE up by 46%  Over 3 crore lives covered in H1 FY24; He

46%

ased on total new business premium growth  45% growth in sum assured; Retail protection APE up by 46%  Over 3 crore lives covered in H1 FY24; Healthy growth of 10% in number of policies  Annuity AP

3 crore

l new business premium growth  45% growth in sum assured; Retail protection APE up by 46%  Over 3 crore lives covered in H1 FY24; Healthy growth of 10% in number of policies  Annuity APE grows by 17%.

10%

ssured; Retail protection APE up by 46%  Over 3 crore lives covered in H1 FY24; Healthy growth of 10% in number of policies  Annuity APE grows by 17%.  VNB margins sustained at 26.2% for H1 FY24 

17%

crore lives covered in H1 FY24; Healthy growth of 10% in number of policies  Annuity APE grows by 17%.  VNB margins sustained at 26.2% for H1 FY24  Profit after Tax grows by 15%  Recognized among

26.2%

ealthy growth of 10% in number of policies  Annuity APE grows by 17%.  VNB margins sustained at 26.2% for H1 FY24  Profit after Tax grows by 15%  Recognized amongst Asia’s Best Places to Work 2023

15%

nnuity APE grows by 17%.  VNB margins sustained at 26.2% for H1 FY24  Profit after Tax grows by 15%  Recognized amongst Asia’s Best Places to Work 2023 by Great Place to Work  Mumbai, October

8%

y has demonstrated remarkable resilience. We recorded a healthy growth of 10% in individual WRP vs 8% for overall industry, for the half year ended September 30th, 2023. Our H1FY24 market share was 15

15.7%

8% for overall industry, for the half year ended September 30th, 2023. Our H1FY24 market share was 15.7% and 10.3% in the private and overall sector respectively. We continued to grow faster than the over

“Although Company believes that such forward‐looking statements are based on reasonable assumptions, it can give no assurance that such expectations will be met.”

“The Company does not intend to register any securities in the United States.”

“Although Company believes that such forward‐looking statements are based on reasonable assumptions, it can give no assurance that your expectations will be met.”

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Below is the summary of our standalone results

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Investor Presentation and Press Release – Financial Results H1 FY24 Please find enclosed herewith a copy of investor presentation along with press release on financial results for the quarter and half-year ended September 30, 2023. This is for your information and appropriate dissemination. Thanking you, For HDFC Life Insurance Company Limited Narendra Gangan General Counsel, Chief Compliance Officer & Company Secretary Encl: As above PRESS RELEASE - PERFORMANCE FOR HALF YEAR ENDED SEPTEMBER 30, 2023 BSE Code: 540777 NSE Code: HDFCLIFE Overall market share (Individual WRP) expansion to 10.3%; Continued leadership in sum assured on the back of 28% protection growth  Outpaced private industry based on total new business premium growth  45% growth in sum assured; Retail protection APE up by 46%  Over 3 crore lives covered in H1 FY24; Healthy growth of 10% in number of policies  Annuity APE grows by 17%.  VNB margins sustained at 26.2% for H1 FY24  Profit after Tax grows by 15%  Rec

Below is the summary of our standalone results

Commenting on results for half year ended September 30, 2023, Ms. Vibha Padalkar, MD & CEO said “Despite the recent budget changes that were perceived to be unfavourable for the sector, the life insurance industry has demonstrated remarkable resilience. We recorded a healthy growth of 10% in individual WRP vs 8% for overall industry, for the half year ended September 30th, 2023. Our H1FY24 market share was 15.7% and 10.3% in the private and overall sector respectively. We continued to grow faster than the overall industry and be ranked amongst the top 3 life insurers across individual and group businesses. We saw an uptick of 10% in the number of individual policies sold, beating industry growth. This healthy volume growth is in line with our stated objective of broadening our customer base. We have insured more than 3 crore lives across our individual and group businesses, which represents a YoY growth of 16%. Growth in protection was robust at 28% on new business premium basis. Retai

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HDFC Life ESG Report HDFC Life Sustainability Factsheet HDFC Life ESG Presentation 28 28 Financial and operational snapshot (1/2) H1 FY24 H1 FY23* Growth FY23* FY22 FY21 Rs bn. New Business Premium (Indl. + Group) Renewal Premium (Indl. +Group) Total Premium Individual APE Overall APE Profit after Tax - Policyholder Surplus - Shareholder Surplus Dividend Paid Assets Under Management Indian Embedded Value Net Worth 129.7 113.2 136.4 120.1 266.1 233.3 44.8 53.7 7.9 3.4 4.6 4.1 41.1 49.1 6.9 4.5 2.4 3.6 2,648.7 2,249.0 429.1 360.2 (1) 133.8 122.8 NB (Individual and Group segment) lives insured (Mn.) 33.2 28.5 No. of Individual Policies (NB) sold (In 000s) 476.2 434.7 15% 14% 14% 9% 9% 15% -25% 90% 14% 18% 19% 9% 16% 10% 290.9 241.5 201.1 284.5 218.1 184.8 575.3 459.6 385.8 114.0 81.7 133.4 13.6 5.9 7.7 3.6 97.6 12.1 4.4 7.7 4.1 71.2 83.7 13.6 7.3 6.3 - 2,387.8 2,041.7 1,738.4 395.3 329.6 266.2 129.7 154.0 84.3 68.5 54.1 39.8 1,054.1 915.1 982.0 1. Comprises share capital, share premium an