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India's HDFC Life posts higher quarterly profit on group insurance demand

BENGALURU, July 15 (Reuters) - India's HDFC Life Insurance HDFL.NS reported a 14% year-on-year rise in first-quarter profit on Tuesday, driven by strong demand for its group policies.

The insurer's profit rose to 5.46 billion rupees ($63.63 million) for the three months ended June 30, with net premium income rising nearly 16%.

($1 = 85.8110 Indian rupees)

 (Reporting by Nishit Navin; Editing by Sonia Cheema)

 ((Nishit.Navin@thomsonreuters.com;))

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