HDFC Life on Tuesday reported a 14.85 percent year-on-year (YoY) increase in net profit to Rs 433 crore in the second quarter (Q2) of 2024-25 (FY25), primarily driven by growth in its back book. Its value of new business (VNB) increased 17.1 percent YoY to Rs 938 crore in Q2, from Rs 801 crore in the same period last year. VNB’s insurance margin, a measure of profit, fell to 24.3 percent compared to 26.3 percent last year, as policies linked to lower premium units dominated product sales. It closed 3.6 percent lower after that
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