New Delhi, Jan. 16 -- HDFC Life Insurance Company Ltd delivered a decent performance in the December quarter (Q3FY26), broadly in line with expectations. New business premium expanded 10% year-on-year to Rs.24,550 crore, with retail protection and unit-linked insurance plan (Ulip) products leading from the front.

Higher rider attachment and increased sum-assured multiples in Ulips translated into a 70% year-on-year increase in the segment's annualised premium equivalent (APE) and a 55% expansion in retail sum assured.

HDFC Life's year-on-year APE growth of around 11% was ahead of the industry's nearly 10% rise, noted Elara Capital (Securities).

But reacting to Q3FY26 earnings, the stock fell around 1.6% on Friday and is down 11% from i...