HDFC Life Insurance reported a steady performance for the March quarter, posting a 4% rise in net profit and announcing a final dividend of ₹2.10 per share for FY26.
The company reported a standalone net profit of ₹495.65 crore in the fourth quarter, compared with ₹476.54 crore in the same period last year. The growth was supported by higher premium collections and continued demand for insurance products.
Net premium income during the quarter rose to ₹25,829 crore, up from ₹23,765 crore a year ago. The increase reflects healthy renewal premiums and steady business momentum across key product categories.
The board has recommended a final dividend of ₹2.10 per equity share, subject to shareholder approval at the annual general meeting. The record date for the dividend has been fixed for June, with payment expected in July.
HDFC Life also reported healthy growth in new business during the year. Its Annualised Premium Equivalent (APE), a key measure used in the insurance industry, rose 8% year-on-year for FY26.
The company’s Value of New Business (VNB), which indicates profitability from new policies sold, stood at ₹4,034 crore, while margins remained stable at 24.2%.
One of the strongest areas of growth was the retail protection segment, which expanded 43% during FY26. This segment includes products designed to provide financial security to families in case of unforeseen events.
Assets under management, including the pension business, stood at around ₹5.3 trillion, reflecting the company’s large and growing customer base.
Management said the company continued to perform strongly across important segments and maintained its position among India’s leading private life insurers.
Strong premium inflows, rising protection demand, and healthy margins are seen as positives for the company.
Going forward, investors will watch how HDFC Life sustains growth in new business, expands distribution, and manages margins amid changing customer preferences.
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