HDFCLIFE Q4 FY26 Guidance vs Delivery (HDFCLIFE Management Mirror)

Growth and VNB

Management targets FY27 growth to outpace the industry, maintaining Value of New Business (VNB) growth in line with Annualized Premium Equivalent (APE) growth, while reaffirming its long-term ambition across the Sep'25 Qtr, Dec'25 Qtr, and Mar'26 Qtr to double VNB every four years (1.8x to 2x) with a normalized 3-year CAGR of 9% to 10%. [Status: Reaffirmed]