Demand is not a challenge at all. We are expecting rate increase to be in the range of early teens. And as far as business on books is concerned, for Q4 also demand looks to be quite good. And if we fast forward to Q1 of FY25, so this year, Q1, we had election season which led to dampening of demand for the industry in Q1. So, for Q1 next year, we are sitting on a very high base.
HDFC Life Q4 Results: Cons PAT rises 15% YoY to Rs 475 crore, revenue jumps 16%
The company’s board also recommended a final dividend of Rs 2.10 per equity share for the financial year 2024–25.