HDFC Life shares were up 10.28% to Rs 655.35 at around 10:17 am. Earlier, the stock had reached a day's high of Rs 657.80.

HSBC expects HDFC Life's focus on new customer acquisition and expanding distribution to support future growth.

India's HDFC Life Insurance posted a 15% rise in first-quarter profit on healthy premium growth on Monday, helped by strong demand for its market-linked products in a booming stock market.

2024 India's HDFC Life Insurance posted a 15% rise in first-quarter profit on healthy premium growth on Monday, helped by strong demand for its market-linked products in a booming stock market.

Results: Net profit jumps 14 percent on-year to Rs 415 crore, with a substantial 10 percent growth in net premium income.

HDFC Standard Life Insurance Company, a subsidiary of mortgage lender HDFC, on Tuesday rose above the 400 level for the first time, two sessions after the stock made its market debut on BSE and NSE.