HDFC Life and ICICI Prudential Life posted higher profits for the June quarter. Steady premium growth and contributions from protection products supported the results.
HDFC Life reported a twelve percent rise in net profit. ICICI Prudential Life saw its profit increase by twenty-eight percent.
Both companies benefited from strong contributions from protection product offerings. Steady premium growth and stable new business margins drove the positive financial results.
Customer acquisition and product mix guided business strategies for the period. The results reflect performance in the June quarter.