Insurance services - Summary of Information Regarding Movement of Total VOBA Contracts (Detail) ₨ in Millions, $ in Millions |
9 Months Ended | 12 Months Ended | |
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Mar. 31, 2024
INR (₨)
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Mar. 31, 2025
INR (₨)
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Mar. 31, 2025
USD ($)
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Separate Accounts Disclosure [Abstract] | |||
Beginning balance | ₨ 221,738.5 | ₨ 204,395.7 | $ 2,392.6 |
Amortization | (16,707.7) | (16,669.1) | (195.1) |
Experience Adjustment | (635.1) | (3,447.2) | (40.4) |
Ending balance | ₨ 204,395.7 | ₨ 184,279.4 | $ 2,157.1 |
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- Definition The adjustment that represents the periodic charge against earnings to reduce the value of business acquired (VOBA) over the expected life of the underlying insurance contracts. VOBA reflects the estimated fair value of a life insurance business in force and represents the portion of the cost to acquire the business that is allocated to the value of the right to receive future cash flows from insurance contracts existing at the date of acquisition. Such value is the present value of the actuarially determined projected cash flows for the acquired policies. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for writeoff from unexpected insurance contract termination, charged against previously capitalized present value of future profit of insurance contract acquired in business combination. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount, after accumulated amortization, of present value of future profits of insurance contract acquired in business combination. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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