Mumbai: Private life insurer HDFC Life
Insurance Company Ltd on Friday said it closed last fiscal with a 15
per cent growth in net profit.
In a statement issued here, the
company said it had logged a net profit of Rs 1,277 crore up from Rs
1,109 crore posted during 2017-18.
The life insurer earned a total premium of Rs 29,186 crore last fiscal up from Rs 23,564 crore earned in 2017-18.
"We
continue to record above industry-level growth and maintain our
leadership position on profitability. Our continued focus on
diversifying our distribution mix and maintaining a balanced product mix
is underpinned by the growth of our proprietary channels and our
dominant presence across all product segments," Vibha Padalkar, Managing
Director & CEO was quoted as saying in the statement.
| Cities | Price (10g) | ||
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| Gold Rate in Chennai | Rs. 36220.00 (0.61%) | ||
| Gold Rate in Mumbai | Rs. 36900.00 (0.54%) | ||
| Gold Rate in Delhi | Rs. 37000.00 (0.95%) | ||
| Gold Rate in Kolkata | Rs. 37290.00 (0.81%) | ||
| Gold Rate in Kerala | Rs. 35300.00 (0.86%) | ||
| Gold Rate in Bangalore | Rs. 35550.00 (0.85%) | ||
| Gold Rate in Hyderabad | Rs. 36220.00 (0.86%) | ||