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HDFC Standard Life Insurance reports 20% rise in Q2 net profit

HDFC Standard Life Insurance reports 20% rise in Q2 net profit

HDFC Standard Life Insurance Company has reported results for second quarter ended September 30, 2018.

The company has reported 20.33% rise in its net profit at Rs 286.98 crore for the quarter under review as compared to Rs 238.49 crore for the same quarter in the previous year. However, total income of the company decreased marginally by 0.34% at Rs 7,900.39 crore for Q2FY19 as compared Rs 7,927.64 crore for the corresponding quarter previous year.

HDFC Life is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children’s and Women’s Plan.