HDFC Life Q3 Preview: Expected APE Growth Amidst Margin Pressures

HDFC Life is projected to achieve double-digit growth in annualized premium equivalent (APE) for the December quarter, driven by a favorable base and increased protection product sales. However, profit is anticipated to be negatively impacted by losses related to GST input tax credit on policies. Analysts expect APE to rise approximately 10 percent year-on-year, while value of new business (VNB) may see a slight decline. Investors will be watching the product mix and management's outlook on protection products.