The insurer said its product mix remains balanced, with non-par savings at 35 per cent, participating products at 30 per cent, ULIPs at 25 per cent, individual protection at 5 per cent and annuity at 6 per cent, based on individual APE.
HDFC Life is amongst the top two in terms of overall new business and individual new business segments in the private sector with market share at 19 per cent and 14.6 per cent, respectively. It is ranked number one within group new business segment in th ..
“The integration of Exide Life is on track. We have received the initial NCLT approval for triggering the merger process, including intimations to various regulatory authorities and related NOCs. Subsequent to receipt of the NOCs from various regulatory authorities, we can expect to receive the final NCLT approval. We expect to receive the final nod from IRDAI and be able to merge the subsidiary in the second half of FY23,” said in a release.
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