Helped by a strong premium growth of 27% y-o-y and a significant decline in covid-related claims, HDFC Life Insurance reported decent numbers in the first quarter of 2022-23. The PAT grew 21% on a y-o-y basis whereas the APE (annualised premium equivalent) grew 22% y-o-y. The company maintained market leadership as a ‘Top 3 life insurer’ across individual and group businesses. The company offers a balanced product mix that meet various customer