Both HDFC Life and ICICI Prudential Life reported strong double-digit profit growth in Q1 FY27, continuing the momentum from the previous fiscal year.
HDFC Life: PAT rose 12% year-on-year to Rs 611 crore. Retail protection and savings product mix remained well-balanced. VNB growth continued to track ahead of APE growth, reflecting margin discipline.
ICICI Pru Life: PAT surged 27.8% to Rs 386 crore. Retail protection annualised premium equivalent (APE) grew an impressive 60.4%, reflecting strong demand for protection products. The company continued to shift its product mix towards higher-margin protection and non-linked savings products.
Sources: Economic Times (July 15, 2026), Business Standard (July 15, 2026)