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

2x

mer segments; whilst delivering a robust PAT growth  Fast paced growth in Tier 2 and 3 markets: 2x of company growth  Retail protection APE up by 36% with a growth in sum assured of 38%  9% grow

36%

 Fast paced growth in Tier 2 and 3 markets: 2x of company growth  Retail protection APE up by 36% with a growth in sum assured of 38%  9% growth in number of policies, outpacing private industry

38%

3 markets: 2x of company growth  Retail protection APE up by 36% with a growth in sum assured of 38%  9% growth in number of policies, outpacing private industry growth  Close to 5 crore new lives

9%

ets: 2x of company growth  Retail protection APE up by 36% with a growth in sum assured of 38%  9% growth in number of policies, outpacing private industry growth  Close to 5 crore new lives cover

5 crore

um assured of 38%  9% growth in number of policies, outpacing private industry growth  Close to 5 crore new lives covered in 9M FY24  Profit after Tax grew by 16%  VNB margins sustained at 26.5% for

16%

rivate industry growth  Close to 5 crore new lives covered in 9M FY24  Profit after Tax grew by 16%  VNB margins sustained at 26.5% for 9M FY24  Awarded Golden Peacock Award for excellence in cor

26.5%

to 5 crore new lives covered in 9M FY24  Profit after Tax grew by 16%  VNB margins sustained at 26.5% for 9M FY24  Awarded Golden Peacock Award for excellence in corporate governance Mumbai, Januar

14%

ss our individual and group businesses. Growth from Tier 2 and 3 markets remain strong, witnessing 14% growth year on year. Our retail protection grew by 36% based on individual APE and credit protect

21%

year on year. Our retail protection grew by 36% based on individual APE and credit protect clocked 21% growth YoY. Towards the latter part of Q3FY24, we introduced Click 2 Achieve, an industry first,

100 crore

he cushion of a guaranteed return. The product has been received well across channels and garnered 100 crores within 4 weeks of its launch. This is our 2nd ‘100 crore in a month’ blockbuster product to be la

6%

Y23 FY22* 7,271 8,564 20,100 22,039 42,139 6,874 8,174 18,713 19,194 37,907 6% 5% 7% 15% 11% 11,401 13,336 29,085 28,448 57,533 8,168 9,758 24,155 21,80

“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.”

Below is the summary of our standalone results

1

Key business use-cases developed

1

Ratio

1

Below is the summary of our standalone results

Commenting on results for nine months ended December 31, 2023, Ms. Vibha Padalkar, MD & CEO said “We continued to be ranked amongst the top 3 life insurers across individual and group businesses. The number of policies clocked a healthy growth of 9%, outpacing private and overall industry. This aligns with our core objective of establishing a sustainable long-term business by broadening our customer reach. We have covered close to 5 crore lives across our individual and group businesses. Growth from Tier 2 and 3 markets remain strong, witnessing 14% growth year on year. Our retail protection grew by 36% based on individual APE and credit protect clocked 21% growth YoY. Towards the latter part of Q3FY24, we introduced Click 2 Achieve, an industry first, do-it-yourself (DIY) non- par savings product. This innovative plan empowers customers to create unlimited combinations, tailor their cash flows to align with personal goals, with the cushion of a guaranteed return. The product has been

Key business use-cases developed

1 2 Customer Interaction Summarizer Report Analyzer Collates customer interactions across various touchpoints – generates concise summaries – faster service resolution 3 Analyses multiple financial reports and provides key highlights and comparison of reports Pitch Generator Generates sales pitches for specific product which is personalized for a specific user persona 21 g r o w t h P r o f i t a b e l m x i d i s t r i b u t i o n i D v e r s i f i e d f i r s t C u s t o m e r & g o v e r n a n c e m a n a g e m e n t R i s k A n a l y t i c s d g i i t a l & T e c h n o l o g y , Platforms: Insta Insure Insurance platform to facilitate easier and faster onboarding of new-age customers Insta Insure is a streamlined and innovative solution designed to onboard eligible customers of our partners with a pre- approved sum insured with minimal underwriting Key features Benefits From push notifications to on- demand  Customers can now easily self- service; Automatic KYC and income verifica

Ratio

99.7% • ESG governed by the Board CSR & ESG Committee and driven by the ESG Management Committee and cross functional teams • ESG Governance Committee constituted under the investment team for integration of ESG factors in the fund management process and engagement with the investee companies • Responsible Investment (RI) Policy and framework for integrating ESG issues into investment decisions • Asset classes covered under RI: Equity and equity-related securities, Alternate Investment Funds (AIFs), Investment Trusts, Corporate Bonds & Government Securities • Materiality Assessment conducted as per GRI Universal Standard 2021 • Submitted 1st UN-PRI report (voluntary) for FY 2022-23 1. Ethical Conduct & Governance 2. Responsible Investment 3. Diversity, Equity and Inclusion (DE&I) 4. Holistic Living 5. Sustainable Operations 29 Financial and operational snapshot (1/2) 9M FY24 9M FY23 Growth FY23 FY22* FY21* Rs bn. New Business Premium (Indl. + Group) Renewal Premium (Indl. +Group) Total