The private sector insurer's profit stood at Rs 245.63 crore in the same quarter of 2017, HDFC Life said in a statement.
Its total income declined to Rs 11,648.72 crore from Rs 9,303.09 crore in October-December 2018.
During the April-December period, the company's net profit rose 8 per cent to Rs 984 crore from Rs 913 crore.
The company's solvency ratio was 1.95 as on December 31 as against the regulatory requirement of 1.50. DP HRS