v3.25.2
Insurance services - Summary of Information About the Direct and Assumed Liability for Future Policy Benefits (Detail)
₨ in Millions, $ in Millions
 9 Months Ended 12 Months Ended
Mar. 31, 2024
INR (₨)
Mar. 31, 2025
INR (₨)
Mar. 31, 2025
USD ($)
Mar. 31, 2025
USD ($)
Present value of expected net premium        
Beginning balance ₨ 296,106.5 ₨ 389,573.3 $ 4,560.1  
Beginning balance 296,106.5 390,691.8 4,573.2  
Effect of changes in cash flow assumptions 5,012.0 (2,382.8)   $ (27.9)
Effect of actuarial variances from expected experience 13,765.7 (3,751.9)   (43.9)
Adjusted Balance 314,884.2 384,557.1   4,501.4
Issuances 197,150.9 288,766.6 3,380.2  
Interest accrual 24,832.6 43,984.0 514.9  
Net premium collected (146,175.9) (207,532.5) (2,429.3)  
Ending balance 390,691.8 509,775.2 5,967.2  
Effect of changes in discount rate assumptions (1,118.5) 4,705.8   55.1
Ending balance 389,573.3 514,481.0 6,022.3  
Present value of Expected Future Policy Benefits        
Beginning balance 1,654,247.7 1,913,936.5 22,403.6  
Beginning balance 1,654,247.7 1,879,922.8 22,005.4  
Effect of changes in cash flow assumptions 11,415.8 (2,955.3)   (34.6)
Effect of actuarial variances from expected experience 11,032.8 (5,376.3)   (62.9)
Adjusted Balance 1,676,696.3 1,871,591.2   21,907.9
Issuances 197,041.6 288,575.8 3,377.9  
Interest accrual 104,865.4 159,631.8 1,868.6  
Benefits Payments (98,680.5) (131,283.5) (1,536.7)  
Ending balance 1,879,922.8 2,188,515.3 25,617.6  
Effect of changes in discount rate assumptions 34,013.7 102,318.0   1,197.7
Ending balance 1,913,936.5 2,290,833.3 $ 26,815.3  
Present value of expected claims expenses 998.6 1,284.9   15.0
Net liability for future policy benefits 1,525,361.8 1,777,637.2   20,808.0
Deferred Profit Liability 113,119.6 272,614.0   3,191.1
Other global reserves 32,902.7 37,352.6   437.2
Total liability for future policy benefits and DPL for March 31 1,671,384.1 2,087,603.8   24,436.3
Less: Reinsurance recoverable 105,592.6 104,199.1   1,219.7
Net liability for future policy benefits, net of reinsurance 1,565,791.5 1,983,404.7   23,216.6
Undiscounted- Expected future benefit payments 6,308,350.2 7,096,963.9   83,073.4
Discounted- Expected future benefit payments (at current discount rate at balance sheet date) 1,913,936.5 2,290,833.3   26,815.3
Undiscounted-Expected future gross premiums 1,453,898.8 1,585,752.6   18,562.0
Discounted-Expected future gross premiums 1,102,691.6 ₨ 1,211,646.0   $ 14,182.9
Weighted-average duration of the liability   9 years 2 months 4 days   9 years 2 months 4 days
Weighted-average interest accretion (original locked-in) rate   7.70%   7.70%
Weighted-average current discount rate at balance sheet date   7.00%   7.00%
Non Par Protection [Member]        
Present value of expected net premium        
Beginning balance 40,899.8 ₨ 58,562.2    
Beginning balance 40,899.8 58,388.2    
Effect of changes in cash flow assumptions 4,429.1 11,055.5    
Effect of actuarial variances from expected experience (1,277.3) (2,165.2)    
Adjusted Balance 44,051.6 67,278.5    
Issuances 18,075.3 30,918.5    
Interest accrual 3,343.2 6,994.8    
Net premium collected (7,081.9) (13,669.6)    
Ending balance 58,388.2 91,522.2    
Effect of changes in discount rate assumptions 174.0 1,993.5    
Ending balance 58,562.2 93,515.7    
Present value of Expected Future Policy Benefits        
Beginning balance 180,285.0 216,689.5    
Beginning balance 180,285.0 210,473.8    
Effect of changes in cash flow assumptions 7,429.2 9,381.8    
Effect of actuarial variances from expected experience (1,526.0) (2,309.1)    
Adjusted Balance 186,188.2 217,546.5    
Issuances 18,051.0 30,874.5    
Interest accrual 11,529.5 18,482.6    
Benefits Payments (5,294.9) (8,552.7)    
Ending balance 210,473.8 258,350.9    
Effect of changes in discount rate assumptions 6,215.7 15,775.0    
Ending balance 216,689.5 274,125.9    
Present value of expected claims expenses 242.0 324.4    
Net liability for future policy benefits 158,369.3 180,934.6    
Deferred Profit Liability 6,568.5 14,053.0    
Other global reserves 1,711.4 2,575.2    
Total liability for future policy benefits and DPL for March 31 166,649.2 197,562.8    
Less: Reinsurance recoverable 83,420.6 84,794.7    
Net liability for future policy benefits, net of reinsurance 83,228.6 112,768.1    
Undiscounted- Expected future benefit payments 1,120,561.7 1,357,592.1    
Discounted- Expected future benefit payments (at current discount rate at balance sheet date) 216,689.5 274,125.9    
Undiscounted-Expected future gross premiums 296,828.1 350,474.6    
Discounted-Expected future gross premiums ₨ 172,175.3 ₨ 205,841.6    
Weighted-average duration of the liability 13 years 6 months 13 years 7 months 6 days   13 years 7 months 6 days
Weighted-average interest accretion (original locked-in) rate 7.69% 7.70%   7.70%
Weighted-average current discount rate at balance sheet date 7.40% 7.00%   7.00%
Non Par Riders [Member]        
Present value of expected net premium        
Beginning balance ₨ 429.3 ₨ 1,146.5    
Beginning balance 429.3 1,149.1    
Effect of changes in cash flow assumptions 0.0 0.0    
Effect of actuarial variances from expected experience 15.6 (307.1)    
Adjusted Balance 444.9 842.0    
Issuances 891.5 1,126.3    
Interest accrual 69.4 137.7    
Net premium collected (256.7) (427.8)    
Ending balance 1,149.1 1,678.2    
Effect of changes in discount rate assumptions (2.6) 17.0    
Ending balance 1,146.5 1,695.2    
Present value of Expected Future Policy Benefits        
Beginning balance 413.9 1,308.4    
Beginning balance 413.9 1,303.7    
Effect of changes in cash flow assumptions 0.0 0.0    
Effect of actuarial variances from expected experience 15.9 (372.2)    
Adjusted Balance 429.8 931.5    
Issuances 882.1 1,111.9    
Interest accrual 73.3 150.4    
Benefits Payments (81.5) (229.2)    
Ending balance 1,303.7 1,964.6    
Effect of changes in discount rate assumptions 4.7 41.9    
Ending balance 1,308.4 2,006.5    
Present value of expected claims expenses 26.8 43.0    
Net liability for future policy benefits 188.7 354.3    
Deferred Profit Liability 18.3 59.0    
Other global reserves 0.0 (323.6)    
Total liability for future policy benefits and DPL for March 31 207.0 89.7    
Less: Reinsurance recoverable 28.0 69.9    
Net liability for future policy benefits, net of reinsurance 179.0 159.6    
Undiscounted- Expected future benefit payments 2,580.3 3,683.8    
Discounted- Expected future benefit payments (at current discount rate at balance sheet date) 1,308.4 2,006.5    
Undiscounted-Expected future gross premiums 3,359.9 6,702.3    
Discounted-Expected future gross premiums ₨ 2,461.1 ₨ 5,043.1    
Weighted-average duration of the liability 10 years 6 months 25 days 9 years 8 months 12 days   9 years 8 months 12 days
Weighted-average interest accretion (original locked-in) rate 7.69% 7.80%   7.80%
Weighted-average current discount rate at balance sheet date 7.40% 7.10%   7.10%
Non Par Savings [Member]        
Present value of expected net premium        
Beginning balance ₨ 251,372.4 ₨ 292,140.3    
Beginning balance 251,372.4 293,322.3    
Effect of changes in cash flow assumptions (42.8) (7,969.2)    
Effect of actuarial variances from expected experience 2,649.0 2,724.7    
Adjusted Balance 253,978.6 288,077.8    
Issuances 93,550.6 141,305.7    
Interest accrual 17,926.3 29,187.9    
Net premium collected (72,133.2) (103,906.6)    
Ending balance 293,322.3 354,664.8    
Effect of changes in discount rate assumptions (1,182.0) 2,272.7    
Ending balance 292,140.3 356,937.5    
Present value of Expected Future Policy Benefits        
Beginning balance 658,883.0 810,691.9    
Beginning balance 658,883.0 792,701.7    
Effect of changes in cash flow assumptions 3,429.0 (8,475.8)    
Effect of actuarial variances from expected experience 2,653.6 3,149.9    
Adjusted Balance 664,965.6 787,375.8    
Issuances 93,520.0 141,235.0    
Interest accrual 43,134.7 69,530.5    
Benefits Payments (8,918.6) (24,293.2)    
Ending balance 792,701.7 973,848.1    
Effect of changes in discount rate assumptions 17,990.2 54,366.2    
Ending balance 810,691.9 1,028,214.3    
Present value of expected claims expenses 142.2 224.8    
Net liability for future policy benefits 518,693.8 671,501.6    
Deferred Profit Liability 29,891.5 66,070.8    
Other global reserves 2,601.0 3,197.1    
Total liability for future policy benefits and DPL for March 31 551,186.3 740,769.5    
Less: Reinsurance recoverable 17.4 38.1    
Net liability for future policy benefits, net of reinsurance 551,203.7 740,731.4    
Undiscounted- Expected future benefit payments 2,875,101.5 3,307,089.8    
Discounted- Expected future benefit payments (at current discount rate at balance sheet date) 810,691.9 1,028,214.3    
Undiscounted-Expected future gross premiums 611,779.3 696,236.3    
Discounted-Expected future gross premiums ₨ 489,752.0 ₨ 564,231.6    
Weighted-average duration of the liability 10 years 4 months 20 days 10 years 1 month 6 days   10 years 1 month 6 days
Weighted-average interest accretion (original locked-in) rate 7.69% 7.70%   7.70%
Weighted-average current discount rate at balance sheet date 7.42% 7.10%   7.10%
Non Par Pension [Member]        
Present value of expected net premium        
Beginning balance ₨ 97.1 ₨ 1,571.2    
Beginning balance 97.1 1,577.5    
Effect of changes in cash flow assumptions 0.3 (48.7)    
Effect of actuarial variances from expected experience 0.8 108.9    
Adjusted Balance 98.2 1,637.7    
Issuances 1,918.4 1,952.9    
Interest accrual 98.4 247.7    
Net premium collected (537.5) (884.6)    
Ending balance 1,577.5 2,953.7    
Effect of changes in discount rate assumptions (6.3) 19.6    
Ending balance 1,571.2 2,973.3    
Present value of Expected Future Policy Benefits        
Beginning balance 13,185.7 13,191.0    
Beginning balance 13,185.7 13,219.9    
Effect of changes in cash flow assumptions 35.1 79.3    
Effect of actuarial variances from expected experience (187.0) 110.8    
Adjusted Balance 13,033.8 13,410.0    
Issuances 1,918.4 1,952.4    
Interest accrual 798.0 1,098.8    
Benefits Payments (2,530.3) (1,973.8)    
Ending balance 13,219.9 14,487.4    
Effect of changes in discount rate assumptions (28.9) 233.2    
Ending balance 13,191.0 14,720.6    
Present value of expected claims expenses 2.8 2.9    
Net liability for future policy benefits 11,622.6 11,750.2    
Deferred Profit Liability 175.2 394.3    
Other global reserves 5,811.7 5,842.1    
Total liability for future policy benefits and DPL for March 31 17,609.5 17,986.6    
Less: Reinsurance recoverable 0.0 0.0    
Net liability for future policy benefits, net of reinsurance 17,609.5 17,986.6    
Undiscounted- Expected future benefit payments 19,433.2 22,662.1    
Discounted- Expected future benefit payments (at current discount rate at balance sheet date) 13,191.0 14,720.6    
Undiscounted-Expected future gross premiums 3,502.2 5,904.9    
Discounted-Expected future gross premiums ₨ 2,869.1 ₨ 4,830.4    
Weighted-average duration of the liability 4 years 3 months 5 years 1 month 6 days   5 years 1 month 6 days
Weighted-average interest accretion (original locked-in) rate 7.69% 7.70%   7.70%
Weighted-average current discount rate at balance sheet date 7.66% 7.10%   7.10%
Individual Annuity [Member]        
Present value of expected net premium        
Beginning balance ₨ 2,472.3 ₨ 8,156.7    
Beginning balance 2,472.3 8,152.4    
Effect of changes in cash flow assumptions 6.4 (100.7)    
Effect of actuarial variances from expected experience 395.8 (508.6)    
Adjusted Balance 2,874.5 7,543.1    
Issuances 36,417.8 48,569.1    
Interest accrual 1,272.8 2,602.7    
Net premium collected (32,412.7) (44,659.6)    
Ending balance 8,152.4 14,055.3    
Effect of changes in discount rate assumptions 4.3 73.4    
Ending balance 8,156.7 14,128.7    
Present value of Expected Future Policy Benefits        
Beginning balance 212,888.9 257,132.1    
Beginning balance 212,888.9 250,732.6    
Effect of changes in cash flow assumptions 75.7 224.4    
Effect of actuarial variances from expected experience (136.9) (1,014.0)    
Adjusted Balance 212,827.7 249,943.0    
Issuances 36,417.8 48,565.1    
Interest accrual 14,141.1 22,540.7    
Benefits Payments (12,654.0) (19,822.6)    
Ending balance 250,732.6 301,226.2    
Effect of changes in discount rate assumptions 6,399.5 14,370.5    
Ending balance 257,132.1 315,596.7    
Present value of expected claims expenses 32.9 37.7    
Net liability for future policy benefits 249,008.3 301,505.7    
Deferred Profit Liability 6,543.2 16,012.0    
Other global reserves 307.2 2,242.7    
Total liability for future policy benefits and DPL for March 31 255,858.7 319,760.4    
Less: Reinsurance recoverable 0.0 0.0    
Net liability for future policy benefits, net of reinsurance 255,858.7 319,760.4    
Undiscounted- Expected future benefit payments 864,912.6 899,460.7    
Discounted- Expected future benefit payments (at current discount rate at balance sheet date) 257,132.1 315,596.7    
Undiscounted-Expected future gross premiums 21,253.0 27,679.8    
Discounted-Expected future gross premiums ₨ 18,427.5 ₨ 24,273.8    
Weighted-average duration of the liability 10 years 3 months 18 days 9 years 6 months   9 years 6 months
Weighted-average interest accretion (original locked-in) rate 7.69% 7.70%   7.70%
Weighted-average current discount rate at balance sheet date 7.42% 7.00%   7.00%
Individual Health [Member]        
Present value of expected net premium        
Beginning balance ₨ 791.6 ₨ 740.6    
Beginning balance 791.6 742.4    
Effect of changes in cash flow assumptions 0.0 0.0    
Effect of actuarial variances from expected experience 43.6 (331.1)    
Adjusted Balance 835.2 411.3    
Issuances 33.8 29.3    
Interest accrual 44.5 29.0    
Net premium collected (171.1) (112.2)    
Ending balance 742.4 357.4    
Effect of changes in discount rate assumptions (1.8) 3.9    
Ending balance 740.6 361.3    
Present value of Expected Future Policy Benefits        
Beginning balance 1,088.2 1,091.4    
Beginning balance 1,088.2 1,091.3    
Effect of changes in cash flow assumptions 0.0 0.0    
Effect of actuarial variances from expected experience 43.7 (411.6)    
Adjusted Balance 1,131.9 679.7    
Issuances 33.8 29.2    
Interest accrual 63.1 47.2    
Benefits Payments (137.5) (181.9)    
Ending balance 1,091.3 574.2    
Effect of changes in discount rate assumptions 0.1 10.8    
Ending balance 1,091.4 585.0    
Present value of expected claims expenses 0.1 0.1    
Net liability for future policy benefits 350.9 223.8    
Deferred Profit Liability 0.0 0.2    
Other global reserves 59.5 51.4    
Total liability for future policy benefits and DPL for March 31 410.4 275.4    
Less: Reinsurance recoverable 125.2 20.0    
Net liability for future policy benefits, net of reinsurance 285.2 295.4    
Undiscounted- Expected future benefit payments 1,758.2 908.7    
Discounted- Expected future benefit payments (at current discount rate at balance sheet date) 1,091.4 585.0    
Undiscounted-Expected future gross premiums 1,769.6 1,639.8    
Discounted-Expected future gross premiums ₨ 1,289.9 ₨ 1,214.1    
Weighted-average duration of the liability 5 years 11 months 15 days 5 years 9 months 18 days   5 years 9 months 18 days
Weighted-average interest accretion (original locked-in) rate 7.69% 7.70%   7.70%
Weighted-average current discount rate at balance sheet date 7.50% 7.00%   7.00%
Par Life [Member]        
Present value of expected net premium        
Beginning balance ₨ 44.0 ₨ 25,635.6    
Beginning balance 44.0 25,732.8    
Effect of changes in cash flow assumptions 619.0 (6,439.3)    
Effect of actuarial variances from expected experience 2,640.7 1,137.5    
Adjusted Balance 3,303.7 20,431.0    
Issuances 27,308.5 29,265.9    
Interest accrual 1,539.5 3,450.6    
Net premium collected (6,418.9) (11,255.6)    
Ending balance 25,732.8 41,891.9    
Effect of changes in discount rate assumptions (97.2) 344.1    
Ending balance 25,635.6 42,236.0    
Present value of Expected Future Policy Benefits        
Beginning balance 504,494.2 519,920.1    
Beginning balance 504,494.2 516,261.8    
Effect of changes in cash flow assumptions (1,377.7) (5,378.3)    
Effect of actuarial variances from expected experience 2,250.6 1,701.0    
Adjusted Balance 505,367.1 512,584.5    
Issuances 27,264.0 29,209.7    
Interest accrual 29,361.4 39,452.0    
Benefits Payments (45,730.7) (42,483.7)    
Ending balance 516,261.8 538,762.5    
Effect of changes in discount rate assumptions 3,658.3 16,604.5    
Ending balance 519,920.1 555,367.0    
Present value of expected claims expenses 547.5 647.3    
Net liability for future policy benefits 494,832.0 513,778.3    
Deferred Profit Liability 63,225.0 136,074.4    
Other global reserves 3,019.4 4,320.6    
Total liability for future policy benefits and DPL for March 31 561,076.4 654,173.3    
Less: Reinsurance recoverable 18,249.9 14,114.1    
Net liability for future policy benefits, net of reinsurance 542,826.5 640,059.2    
Undiscounted- Expected future benefit payments 1,302,045.2 1,375,202.6    
Discounted- Expected future benefit payments (at current discount rate at balance sheet date) 519,920.1 555,367.0    
Undiscounted-Expected future gross premiums 507,662.9 487,422.0    
Discounted-Expected future gross premiums ₨ 409,535.4 ₨ 398,173.3    
Weighted-average duration of the liability 8 years 4 months 20 days 8 years 9 months 18 days   8 years 9 months 18 days
Weighted-average interest accretion (original locked-in) rate 7.69% 7.70%   7.70%
Weighted-average current discount rate at balance sheet date 7.48% 7.00%   7.00%
Par Pension [Member]        
Present value of expected net premium        
Beginning balance ₨ 0.0 ₨ 1,613.3    
Beginning balance 0.0 1,620.3    
Effect of changes in cash flow assumptions 0.0 1,103.9    
Effect of actuarial variances from expected experience (0.7) 145.3    
Adjusted Balance (0.7) 2,869.5    
Issuances 2,081.3 2,824.1    
Interest accrual 102.3 376.8    
Net premium collected (562.6) (1,645.4)    
Ending balance 1,620.3 4,425.0    
Effect of changes in discount rate assumptions (7.0) 22.1    
Ending balance 1,613.3 4,447.1    
Present value of Expected Future Policy Benefits        
Beginning balance 16,744.8 17,757.6    
Beginning balance 16,744.8 17,795.1    
Effect of changes in cash flow assumptions 326.1 525.1    
Effect of actuarial variances from expected experience 539.3 201.6    
Adjusted Balance 17,610.2 18,521.8    
Issuances 2,080.8 2,823.3    
Interest accrual 1,063.9 1,517.1    
Benefits Payments (2,959.8) (3,337.9)    
Ending balance 17,795.1 19,524.3    
Effect of changes in discount rate assumptions (37.5) 277.0    
Ending balance 17,757.6 19,801.3    
Present value of expected claims expenses 4.3 4.7    
Net liability for future policy benefits 16,148.6 15,358.9    
Deferred Profit Liability 95.9 388.8    
Other global reserves 49.6 130.3    
Total liability for future policy benefits and DPL for March 31 16,294.1 15,878.0    
Less: Reinsurance recoverable 0.0 0.0    
Net liability for future policy benefits, net of reinsurance 16,294.1 15,878.0    
Undiscounted- Expected future benefit payments 25,927.9 28,880.6    
Discounted- Expected future benefit payments (at current discount rate at balance sheet date) 17,757.6 19,801.3    
Undiscounted-Expected future gross premiums 7,523.1 9,472.3    
Discounted-Expected future gross premiums ₨ 6,057.0 ₨ 7,912.5    
Weighted-average duration of the liability 4 years 21 days 4 years 4 months 24 days   4 years 4 months 24 days
Weighted-average interest accretion (original locked-in) rate 7.69% 7.70%   7.70%
Weighted-average current discount rate at balance sheet date 7.66% 7.20%   7.20%
Group Non par Life [Member]        
Present value of expected net premium        
Beginning balance ₨ 0.0 ₨ 6.9    
Beginning balance 0.0 6.8    
Effect of changes in cash flow assumptions 0.0 15.7    
Effect of actuarial variances from expected experience 9,298.2 (4,556.3)    
Adjusted Balance 9,298.2 (4,533.8)    
Issuances 16,873.7 32,774.8    
Interest accrual 436.2 956.8    
Net premium collected (26,601.3) (30,971.1)    
Ending balance 6.8 1,773.3    
Effect of changes in discount rate assumptions 0.1 (40.5)    
Ending balance 6.9 1,813.8    
Present value of Expected Future Policy Benefits        
Beginning balance 66,264.0 76,154.5    
Beginning balance 66,264.0 76,342.9    
Effect of changes in cash flow assumptions 1,498.4 688.2    
Effect of actuarial variances from expected experience 7,379.6 (6,432.7)    
Adjusted Balance 75,142.0 70,598.4    
Issuances 16,873.7 32,774.7    
Interest accrual 4,700.4 6,812.5    
Benefits Payments (20,373.2) (30,408.5)    
Ending balance 76,342.9 79,777.1    
Effect of changes in discount rate assumptions (188.4) 638.9    
Ending balance 76,154.5 80,416.0    
Present value of expected claims expenses 0.0 0.0    
Net liability for future policy benefits 76,147.6 82,229.8    
Deferred Profit Liability 6,602.0 39,561.5    
Other global reserves 19,342.9 19,316.8    
Total liability for future policy benefits and DPL for March 31 102,092.5 141,108.1    
Less: Reinsurance recoverable 3,786.3 5,342.1    
Net liability for future policy benefits, net of reinsurance 98,306.2 135,766.0    
Undiscounted- Expected future benefit payments 96,029.6 101,483.5    
Discounted- Expected future benefit payments (at current discount rate at balance sheet date) 76,154.5 80,416.0    
Undiscounted-Expected future gross premiums 220.7 220.6    
Discounted-Expected future gross premiums ₨ 124.3 ₨ 125.6    
Weighted-average duration of the liability 3 years 2 months 23 days 3 years 6 months   3 years 6 months
Weighted-average interest accretion (original locked-in) rate 7.69% 7.80%   7.80%
Weighted-average current discount rate at balance sheet date 7.68% 7.30%   7.30%