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HDFC Life Insurance has posted a maiden profit of Rs 271 crore in the financial year ending March 31, 2012. ULIPs contributed 56 per cent to the overall growth.
The total premium grew by 13 per cent to Rs 10,202 crore, led by renewals and group premium income.
The company’s market share in individual business in terms of the weighted received premia was pegged at 15.5 per cent; it improved by 260 bps in this fiscal.
Assets under management grew by 21.7 per cent at Rs 32,254 crore
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