BUZZ — India's HDFC Life Insurance falls on distribution reforms uncertainity
* Shares of India's HDFC Life Insurance fall 2.3% to 537.85 rupees * Jefferies says slowdown in agency annual premium equivalent growth to 6% from 21% Q/Q and fall in persistency of market-linked policies are key concerns * Cites negative impact of 7.4 billion rupees ($78.1 million) on embedded value growth from weak m