HDFC Life crossed the milestone of Rs 2.5 lakh crore of assets under management (AUM) on 7 June 2023.
Vibha Padalkar, MD & CEO, HDFC Life commented, “With immense joy, we extend our heartfelt gratitude to all our policyholders, whose unwavering trust and support have helped us cross the milestone of ₹ 2.5 lakh crore of assets under management (AUM). We are humbled by the confidence placed in us, empowering us to grow and secure Indians.
HDFC Life has demonstrated steady growth in its AUM, which has almost doubled every four years since 2015. As of March 31, 2023, the company had a Debt: Equity ratio of 70:30, and ~ 99 per cent of the debt investments are in government bonds and AAA-rated securities.
As a steward for responsible investment, HDFC Life is a signatory to the UN-supported Principles for Responsible Investment (PRI), epitomising its objective of sustainable growth and long term value creation.
"We continue to be guided by our vision focussed on EPICC values (excellence, people engagement, integrity, customer-centricity, and collaboration) as we keep moving ahead to insure India," added Padalkar.