IRDAI surrender charge draft could impact non-par products
The exposure draft proposes higher early surrender values, which could reduce profitability and alter product design for non-par savings products.
HDFCLIFE / Q3-FY24 / risks
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HDFC Life Insurance Company · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
High-ticket segment recovery slower than expected
Ticket sizes above INR 5 lakh have been slow to recover, and management's optimism about a resurgence may not materialize quickly.
Negative operating leverage due to lower-than-planned growth
The company's expense ratio has been impacted by lower growth, as costs were set for 15-17% growth but actual growth was lower.
Competitive pressure in group protection and credit life
Increased competition and RBI-led slowdown in disbursements could pressure growth in credit life and group protection segments.