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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