₹312 crore

27.04.2020 - 15:53

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NEW DELHI : HDFC Life Insurance on Monday reported 15 per cent decline in standalone net profit at ₹311.71 crore for March quarter of 2019-20, due to the impact of the COVID-19 crisis.

It had registered a profit of ₹364.01 crore in the same quarter of 2018-19. Total income declined sharply to ₹418.64 crore during the fourth quarter of the last fiscal from ₹14,375.06 crore in the year-ago period.

During the latest quarter, the income from investment saw an erosion of a massive ₹10,229.92 crore due to weak market conditions triggered by the coronavirus pandemic.

However, net premium collection witnessed marginal increase to ₹10,464.46 crore, compared with ₹10,247.50 crore in the year-ago quarter.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
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