News From Press Why is HDFC Life betting big on annuities

Why is HDFC Life betting big on annuities

Source: The Economic Times Oct 21, 2020

HDFC Life, which reported a 6 per cent jump in September quarter profit, is gung ho on annuities. In an interview, HDFC Life NSE 0.09 %'s managing director and CEO Vibha Padalkar explains that as people are outliving their savings, the requirement for annuities is also going up. Edited excerpts from an interview.

The value of new business (VNB) grew by 22 per cent, while VNB margins improved to 25.6 per cent in Q2, indicating a recovery in the life insurance industry. Is this g ..

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