India's HDFC Life posts quarterly profit rise on higher premium collection
India's HDFC Life posts quarterly profit rise on higher premium collection July 15 (Reuters) - India's HDFC Life Insurance HDFL.NS reported a 12% climb in first-quarter profit on Wednesday, supported by a rise in premium collection.
The insurer's net profit rose to 6.11 billion rupees ($63.47 million) for the three months ended June 30, from 5.46 billion rupees a year earlier.
($1 = 96.2600 Indian rupees)
(Reporting by Nishit Navin; Editing by Janane Venkatraman)
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