Protection business boosts HDFC Life, ICICI Pru Life Q1 earnings

HDFC Life and ICICI Prudential Life saw healthy profit expansion in the June quarter. Steady premium growth and stable new business margins drove these positive financial results. HDFC Life reported a twelve percent rise in net profit, while ICICI Prudential Life’s profit increased twenty-eight percent. Both companies experienced strong contributions from their protection product offerings. Customer acquisition and product mix guided their respective business strategies during the period.

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