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India's HDFC Life posts quarterly profit rise on higher premiums

April 16 (Reuters) - India's HDFC Life Insurance Company HDFL.NS reported a 4% rise in fourth-quarter profit on Thursday, driven by premiums from policy renewals.

The insurer, a unit of HDFC Bank HDBK.NS, posted a net profit of 4.96 billion rupees ($53.18 million) for the three months ended March 31, compared with 4.77 billion rupees a year earlier.

($1 = 93.2740 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru; Editing by Mrigank Dhaniwala)

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

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