The company reported a 14% jump in its net premium income (NPI) for the reported quarter at Rs 18,871 crore compared to Rs 16,614 crore posted in the corresponding quarter of the last financial year.
However, the company’s profit after tax (PAT) fell 18% sequentially versus Rs 548 crore reported by the company in Q1FY26. Meanwhile the net premium income rose 30% sequentially compared to Rs 14,539 crore in the April-June quarter.
Gross premium income break-up
- First Year Premium stood at Rs 3599.58 crore in Q2FY26 up from Rs 2,559.49 crore in Q1FY26 and Rs 3,260 crore in Q2FY25.
- Renewal Premium was reported at Rs 10,344 crore, up from Rs 7,606 crore in Q1FY26 and Rs 8,831 crore in Q2FY25.
- Single Premium stood at Rs 5,371 crore in Q2FY26 up from Rs 4,722 crore in Q1FY26 and Rs 4,843 crore in Q2FY25.
H1FY26 stats
The PAT in H1 rose 9% YoY to Rs 994 crore. The individual annual premium equivalent (APE) stood at Rs 6,471 in H1FY26 versus Rs 5,864 crore recording a 10% growth.
Meanwhile total APE stood at Rs 7,413 crore, up 10% YoY.
The New Business Premium for individual and group stood at Rs 16,222 crore, up 12% while the renewal premium recorded an 18% growth at Rs 17,940 crore.
Management speak
Commenting on company’s earnings Managing Director CEO Vibha Padalkar said that H1FY26 concluded with topline performance broadly in line with expectations, with the company outperforming both the overall industry and the private sector.”As the external environment evolves, we remain confident of the long-term growth potential of life insurance in India. The recent GST reform, while necessitating some recalibration for industry stakeholders, is a structurally positive step – it makes life insurance products more affordable for
customers. We remain optimistic about our growth trajectory for H2, with sustained demand across segments and improving consumer sentiment. With a resilient business model, a trusted brand, and a history of disciplined growth through cycles, we believe HDFC Life is well-positioned to grow faster
than the industry,” she added.
She also said that the GST revisions were a constructive structural shift aimed at simplifying compliance and improving affordability and the the company has passed on the full benefits of the GST exemption to its customers.
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