HDFC Life Insurance Share Price
HDFC Life Insurance Co Ltd.
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About HDFC Life Insurance
HDFC Life, one of India’s leading private life insurance companies, offers a range of individual and group insurance solutions. It is a joint venture between Housing Development Finance Corporation Limited (HDFC), India’s leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom. HDFC Life’s product portfolio comprises solutions, which meet various customer needs such as Protection, Pension, Savings, Investment and Health. Customers have the added advantage of customizing the plans, by adding optional benefits called riders, at a nominal price.
The company currently has 37 retail and 8 group products in its portfolio, along with 9 optional riders catering to the savings, investment, protection and retirement needs of customers. HDFC Life continues to have one of the widest reaches among new insurance companies with about 500 branches in India touching customers in over 900 cities and towns. The company has also established a liaison office in Dubai. HDFC Life has a strong presence in its existing markets with a strong base of Financial Consultants. Click Here to know today’s HDFC Life Insurance Company Ltd’s share price.
The company currently has 37 retail and 8 group products in its portfolio, along with 9 optional riders catering to the savings, investment, protection and retirement needs of customers. HDFC Life continues to have one of the widest reaches among new insurance companies with about 500 branches in India touching customers in over 900 cities and towns. The company has also established a liaison office in Dubai. HDFC Life has a strong presence in its existing markets with a strong base of Financial Consultants. Click Here to know today’s HDFC Life Insurance Company Ltd’s share price.
Fundamentals of HDFC Life Insurance Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 105814.77 Cr |
94.16 |
7.38 |
48.41 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
10.14 % |
5.72 |
0.32 % |
58.91 |
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FAQ’s
How to buy HDFC Life Insurance Co Ltd. shares?
All you have to do to buy HDFC Life Insurance Co Ltd. share is download Nuuu app, create a demat account, and get your KYC documents verified online.
Can I buy HDFC Life Insurance Co Ltd. shares?
Yes you can buy HDFC Life Insurance Co Ltd. shares, all you need is to have a verified demat account with Nuuu. And enjoy benefits like free brokerage credits and more.
What is the Market Cap of HDFC Life Insurance Co Ltd. shares?
As of 27 Mar`23 the Market Cap of HDFC Life Insurance Co Ltd. is 105814.77.
What is the PE and PB ratio of HDFC Life Insurance Co Ltd. stock?
As of 27 Mar`23 the PE is 94.16 and PB is 7.38.
HDFC Life Insurance - Quaterly Results
Publish Date: 21/10/2022
The revenue for the September 2022 quarter is pegged at Rs. 131109.10 millions, about 14.57% up against Rs. 114439.60 millions recorded during the year-ago period.The Company has registered profit of Rs. 3262.40 millions for the quarter ended September 2022, a growth of 19.00% over Rs. 2741.60 millions millions achieved in the corresponding quarter of last year.The company reported a good operating profit of 3516.80 millions compared to 2899.00 millions of corresponding previous quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 131109.10 | 114439.60 | 14.57 | 223827.80 | 189824.40 | 17.91 | 453964.60 | 381223.00 | 19.08 |
| Other Income | 100224.30 | 92363.50 | 8.51 | 66814.00 | 165615.10 | -59.66 | 207512.90 | 337670.90 | -38.55 |
| PBIDT | 3516.80 | 2899.00 | 21.31 | 7382.00 | 5948.20 | 24.10 | 13646.40 | 16278.80 | -16.17 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PBDT | 3516.80 | 2899.00 | 21.31 | 7382.00 | 5948.20 | 24.10 | 13646.40 | 16278.80 | -16.17 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PBT | 3516.80 | 2899.00 | 21.31 | 7382.00 | 5948.20 | 24.10 | 13646.40 | 16278.80 | -16.17 |
| TAX | 254.40 | 157.40 | 61.63 | 466.70 | 183.10 | 154.89 | 1569.50 | 2677.80 | -41.39 |
| Deferred Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PAT | 3262.40 | 2741.60 | 19.00 | 6915.30 | 5765.10 | 19.95 | 12076.90 | 13601.00 | -11.21 |
| Equity | 21491.00 | 20231.30 | 6.23 | 21491.00 | 20231.30 | 6.23 | 21126.20 | 20209.40 | 4.54 |
| PBIDTM(%) | 2.68 | 2.53 | 5.89 | 3.30 | 3.13 | 5.25 | 3.01 | 4.27 | -29.60 |
HDFC Life Insurance - Quaterly Results
Publish Date: 20/01/2023
The Revenue for the quarter ended December 2022 of Rs. 143793.80 millions grew by 18.60 % from Rs. 121243.60 millions.A humble growth in net profit of 15.19% reported in the quarter ended December 2022 to Rs. 3152.20 millions from Rs. 2736.50 millions.Operating Profit reported a sharp decline to 1829.50 millions from 2934.00 millions in the corresponding previous quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 143793.80 | 121243.60 | 18.60 | 367621.60 | 311068.00 | 18.18 | 453964.60 | 381223.00 | 19.08 |
| Other Income | 55575.50 | 22769.70 | 144.08 | 122389.50 | 188384.80 | -35.03 | 207512.90 | 337670.90 | -38.55 |
| PBIDT | 1829.50 | 2934.00 | -37.64 | 9211.50 | 8882.20 | 3.71 | 13646.40 | 16278.80 | -16.17 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PBDT | 1829.50 | 2934.00 | -37.64 | 9211.50 | 8882.20 | 3.71 | 13646.40 | 16278.80 | -16.17 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PBT | 1829.50 | 2934.00 | -37.64 | 9211.50 | 8882.20 | 3.71 | 13646.40 | 16278.80 | -16.17 |
| TAX | -1322.70 | 197.50 | -769.72 | -856.00 | 380.60 | -324.91 | 1569.50 | 2677.80 | -41.39 |
| Deferred Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PAT | 3152.20 | 2736.50 | 15.19 | 10067.50 | 8501.60 | 18.42 | 12076.90 | 13601.00 | -11.21 |
| Equity | 21491.80 | 20247.90 | 6.14 | 21491.80 | 20247.90 | 6.14 | 21126.20 | 20209.40 | 4.54 |
| PBIDTM(%) | 1.27 | 2.42 | -47.42 | 2.51 | 2.86 | -12.25 | 3.01 | 4.27 | -29.60 |
HDFC Life Insurance rises on getting nod to merge Exide Industries’ arm with itself
Publish Date: 19/09/2022
The company has received approval from The National Company Law Tribunal
HDFC Life Insurance Co is currently trading at Rs. 549.55, up by 2.90 points or 0.53% from its previous closing of Rs. 546.65 on the BSE.
The scrip opened at Rs. 552.90 and has touched a high and low of Rs. 556.65 and Rs. 543.00 respectively. So far 1985245 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 759.60 on 17-Sep-2021 and a 52 week low of Rs. 497.30 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 606.00 and Rs. 542.85 respectively. The current market cap of the company is Rs. 117768.20 crore.
The promoters holding in the company stood at 51.52%, while Institutions and Non-Institutions held 34.58% and 13.91% respectively.
HDFC Life Insurance Company has received approval from The National Company Law Tribunal (NCLT) for merger of Exide Industries’ subsidiary company -- Exide Life Insurance with itself. Earlier this year, HDFC Life had announced acquisition of 100 per cent stake in Exide Life from its parent Exide Industries after issuing over 8.7 crore shares at an issue price of Rs 685 and a cash payout of Rs 726 crore, aggregating to Rs 6,687 crore. Exide Industries now holds 4.1 per cent stake in HDFC Life.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life Insurance Company informs about allotment of equity shares under ESOS
Publish Date: 23/09/2022
HDFC Life Insurance Company has informed that Stakeholders‘ Relationship Committee of the Board on September 22, 2022, has allotted 49,809 equity shares of face value of ₹10 each pursuant to exercise of Stock Options by certain Option holders under various Employee Stock Option Schemes. Post the above allotment, paid-up equity share capital of the Company stood at ₹ 21,49,10,45,600 comprising of 2,14,91,04,560 equity shares of face value of ₹ 10 each.
The above information is a part of company’s filings submitted to BSE.
HDFC Life Insurance Company rises on getting IRDAI’s nod to merge Exide Life Insurance with itself
Publish Date: 14/10/2022
In January this year, HDFC Life acquired 100 per cent stake in Exide Life Insurance Company from its parent firm Exide Industries for Rs 6,687 crore
HDFC Life Insurance Company is currently trading at Rs. 523.40, up by 2.75 points or 0.53% from its previous closing of Rs. 520.65 on the BSE.
The scrip opened at Rs. 530.25 and has touched a high and low of Rs. 533.45 and Rs. 523.20 respectively. So far 34850 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 725.00 on 15-Nov-2021 and a 52 week low of Rs. 497.30 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 534.70 and Rs. 518.05 respectively. The current market cap of the company is Rs. 113053.65 crore.
The promoters holding in the company stood at 51.52%, while Institutions and Non-Institutions held 34.58% and 13.91% respectively.
HDFC Life Insurance Company (HDFC Life) has received final approval from The Insurance Regulatory and Development Authority of India (IRDAI) to merge Exide Life Insurance Company with itself. In January this year, HDFC Life acquired 100 per cent stake in Exide Life Insurance Company from its parent firm Exide Industries for Rs 6,687 crore in order to increase its presence in the south India market. With the transfer of its life insurance business to HDFC Life, Exide Industries acquired 4.12 per cent stake in HDFC Life.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life Insurance Company gains on completing Exide Life merger
Publish Date: 17/10/2022
HDFC Life had completed the acquisition of Exide Life in January 2022
HDFC Life Insurance Co is currently trading at Rs. 523.85, up by 0.95 points or 0.18% from its previous closing of Rs. 522.90 on the BSE.
The scrip opened at Rs. 523.00 and has touched a high and low of Rs. 526.00 and Rs. 518.90 respectively. So far 1132058 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 725.00 on 15-Nov-2021 and a 52 week low of Rs. 497.30 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 534.70 and Rs. 518.05 respectively. The current market cap of the company is Rs. 112591.59 crore.
The promoters holding in the company stood at 51.52%, while Institutions and Non-Institutions held 34.58% and 13.91% respectively.
HDFC Life Insurance Company has completed Exide Life merger. This marks the completion of the first-ever merger and acquisition (M&A) transaction in the Indian life insurance sector. HDFC Life had completed the acquisition of Exide Life in January 2022.
Earlier, HDFC Life had received final approval from The Insurance Regulatory and Development Authority of India (IRDAI) to merge Exide Life Insurance Company with itself.
The entire transaction from announcement of the deal in September 2021 followed by the acquisition in January 2022 and the eventual merger was completed in less than 14 months.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life Insurance inches up on reporting 19% rise in Q2 consolidated net profit
Publish Date: 27/10/2022
Total consolidated income of the company increased by 12.19% to 23,002.18 crore for Q2FY23
HDFC Life Insurance Co is currently trading at Rs. 534.60, up by 1.15 points or 0.22% from its previous closing of Rs. 533.45 on the BSE.
The scrip opened at Rs. 533.40 and has touched a high and low of Rs. 536.50 and Rs. 532.25 respectively. So far 4950 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 725.00 on 15-Nov-2021 and a 52 week low of Rs. 497.30 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 548.85 and Rs. 527.45 respectively. The current market cap of the company is Rs. 114643.98 crore.
The promoters holding in the company stood at 51.52%, while Institutions and Non-Institutions held 34.58% and 13.91% respectively.
HDFC Life Insurance has reported rise of 19.00% in its net profit at Rs 326.24 crore for Q2FY23 as compared to Rs 274.16 crore for the corresponding quarter previous year. Total income of the company increased by 12.19% to Rs 22,973.47 crore for the quarter under review as compared to Rs 20,476.89 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 19.25% in its its net profit at Rs 329.02 crore for the quarter under review as compared to Rs 275.90 crore for the same quarter in the previous year. Total income of the company increased by 12.19% to 23,002.18 crore for the quarter under review as compared to Rs 20,502.43 crore for the same quarter in the previous year.
HDFC Life Insurance Company informs about approval
Publish Date: 12/11/2022
HDFC Life Insurance Company has informed about Pension Fund Regulatory and Development Authority (PFRDA) approval.
The above information is a part of company’s filings submitted to BSE.
HDFC Life surges on eyeing margins to improve further in fourth quarter
Publish Date: 24/01/2023
The company closed the December quarter with a new business premium margin of 26.8 per cent
HDFC Life Insurance Co is currently trading at Rs. 593.05, up by 3.85 points or 0.65% from its previous closing of Rs. 589.20 on the BSE.
The scrip opened at Rs. 590.15 and has touched a high and low of Rs. 594.75 and Rs. 588.05 respectively. So far 31457 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 648.95 on 03-Feb-2022 and a 52 week low of Rs. 497.30 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 610.95 and Rs. 585.20 respectively. The current market cap of the company is Rs. 127650.25 crore.
The promoters holding in the company stood at 50.32%, while Institutions and Non-Institutions held 36.14% and 13.55% respectively.
HDFC Life Insurance Company is eyeing its margins to improve further in the fourth quarter, having already neutralised the hit it had taken from the merger of Exide Life three quarters earlier than expected. The company closed the December quarter with a new business premium margin of 26.8 per cent.
Its FY22 VNB (value of new business) margin stood at 27.4 per cent and the management is confident of reaching there or making a further improvement as it closes the current fiscal.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life soars on unveiling new insurance plan
Publish Date: 27/02/2023
This product provides guaranteed, regular, tax-free benefits and guaranteed death benefit
HDFC Life Insurance Co is currently trading at Rs. 483.65, up by 0.65 points or 0.13% from its previous closing of Rs. 483.00 on the BSE.
The scrip opened at Rs. 482.05 and has touched a high and low of Rs. 485.95 and Rs. 478.00 respectively. So far 66537 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 620.70 on 06-Jan-2023 and a 52 week low of Rs. 474.00 on 06-Feb-2023.
Last one week high and low of the scrip stood at Rs. 522.50 and Rs. 478.00 respectively. The current market cap of the company is Rs. 104243.40 crore.
The promoters holding in the company stood at 50.32%, while Institutions and Non-Institutions held 36.14% and 13.55% respectively.
HDFC Life Insurance Company has unveiled HDFC Life Guaranteed Income Insurance Plan. This product provides guaranteed, regular, tax-free benefits and guaranteed death benefit.
HDFC Life constantly endeavours to offer products that meet various life stage needs of individuals. With HDFC Life Guaranteed Income Insurance Plan, the Company is providing an opportunity for customers to build a financial corpus that would support them through regular and guaranteed income. Life insurance is a necessity for every individual with responsibilities and long-term financial goals. HDFC Life Guaranteed Income Insurance Plan can enable fulfillment of these goals.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
Board Meeting
Publish Date: 21/10/2022
Quarterly Results
Board Meeting
Publish Date: 29/07/2022
Preferential Issue of shares & Employees Stock Option Plan inter-alia to consider: i) the matter pertaining to raising of funds by way of issue of equity shares and / or other securities of the Company by way of preferential issue, subject to approvals of shareholders through postal ballot process and regulatory approvals, as may be applicable; and ii) formulation of Employee Stock Option Scheme in terms of SEBI (Share Based Employee Benefits and Sweat Equity) regulations, 2021, subject to approval of shareholders through postal ballot
Board Meeting
Publish Date: 19/07/2022
Quarterly Results
Ex Dividend
Publish Date: 31/05/2022
Rs.1.7000 per share(17%)Final Dividend
Board Meeting
Publish Date: 26/04/2022
Final Dividend & Audited Results & Inter alia, To consider raising of funds by way of issuance of Non-Convertible debentures in the nature of subordinated debt as per IRDAI (Other Forms of Capital) Regulations, 2015. These funds are proposed to be raised to further strengthen the cash reserves of the Company post cash payout as part-consideration for acquisition of Exide Life Insurance Company Limited
Board Meeting
Publish Date: 21/01/2022
Quarterly Results
Board Meeting
Publish Date: 22/10/2021
Quarterly Results
Board Meeting
Publish Date: 03/09/2021
Fund Raising / Preferential Issue of shares
Board Meeting
Publish Date: 19/07/2021
Quarterly Results
Ex Dividend
Publish Date: 30/06/2021
Rs.2.0200 per share(20.2%)Final Dividend
Board Meeting
Publish Date: 26/04/2021
With reference to the eariler letter dated March 31, 2021, regarding intimation of the Board Meeting of the Company to be held on April 26, 2021, for consideration of audited financial results for the quarter and year ended March 31, 2021, HDFC Life Insurance Company Ltd has now informed BSE that the Board of Directors of the Company, in its aforesaid meeting, will also consider the matter pertaining to recommendation of final Dividend to the shareholders for FY 2020-21.
Board Meeting
Publish Date: 22/01/2021
Quarterly Results
HDFC Life Insurance launches term insurance plan Click2Protect Super
Publish Date: 13/09/2022
This smart plan option comes with an inbuilt-benefit of terminal illness cover
HDFC Life Insurance Company has launched a term insurance plan Click2Protect Super, which enables customization as per your protection needs and you only pay for the benefits / plan options that you have chosen. Click2Protect Super is a non-linked, non-participating, individual, pure risk premium/ savings life insurance plan that provides with multiple flexibilities such as changing life cover, extending the policy term, getting coverage for accidental death and terminal illness, etc. thereby giving you a true sense of freedom like never before. This smart plan option comes with an inbuilt-benefit of terminal illness cover and also allows you to increase the cover amount to ensure financial independence for your family in your absence.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
Abrdn planning to sell 2% of HDFC Life's outstanding shares
Publish Date: 13/09/2022
The shareholding of Abrdn, one of the promoters of the insurer, will fall to 1.7 per cent after the trade is executed from the present 3.7 per cent
UK-based investment company Abrdn is planning to sell up to 4.3 crore shares representing 2 per cent of HDFC Life Insurance Company's outstanding shares through a block deal to raise over Rs 2,425 crore.
The shareholding of Abrdn, one of the promoters of the insurer, will fall to 1.7 per cent after the trade is executed from the present 3.7 per cent. Mortgage major HDFC, the other promoter in the private sector insurer, will continue to hold 48.7 per cent of the company.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
Abrdn sells 2% stake in HDFC Life Insurance Company
Publish Date: 14/09/2022
Pursuant to the above sale, Abrdn will hold 35,694,105 equity shares (1.66% shareholding) in the company
Abrdn (Mauritius Holdings) 2006 (formerly Standard Life (Mauritius Holdings) 2006) (abrdn), has sold 2.00% stake in HDFC Life Insurance Company. Abrdn has sold a total of 43,000,000 equity shares at Rs 574 per equity share. Pursuant to the above sale, Abrdn will hold 35,694,105 equity shares (1.66% shareholding) in the company. The sale is subject to the settlement process prescribed for the stock exchanges under the extant regulation and is expected to be completed on September 15, 2022.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life Insurance Company gets nod to merge Exide Industries’ arm with itself
Publish Date: 19/09/2022
The company has received approval from The National Company Law Tribunal
HDFC Life Insurance Company has received approval from The National Company Law Tribunal (NCLT) for merger of Exide Industries’ subsidiary company -- Exide Life Insurance with itself. Earlier this year, HDFC Life had announced acquisition of 100 per cent stake in Exide Life from its parent Exide Industries after issuing over 8.7 crore shares at an issue price of Rs 685 and a cash payout of Rs 726 crore, aggregating to Rs 6,687 crore. Exide Industries now holds 4.1 per cent stake in HDFC Life.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life Insurance Company gets IRDAI’s nod to merge Exide Life Insurance with itself
Publish Date: 14/10/2022
In January this year, HDFC Life acquired 100 per cent stake in Exide Life Insurance Company from its parent firm Exide Industries for Rs 6,687 crore
HDFC Life Insurance Company (HDFC Life) has received final approval from The Insurance Regulatory and Development Authority of India (IRDAI) to merge Exide Life Insurance Company with itself. In January this year, HDFC Life acquired 100 per cent stake in Exide Life Insurance Company from its parent firm Exide Industries for Rs 6,687 crore in order to increase its presence in the south India market. With the transfer of its life insurance business to HDFC Life, Exide Industries acquired 4.12 per cent stake in HDFC Life.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life Insurance Company completes Exide Life merger
Publish Date: 17/10/2022
HDFC Life had completed the acquisition of Exide Life in January 2022
HDFC Life Insurance Company has completed Exide Life merger. This marks the completion of the first-ever merger and acquisition (M&A) transaction in the Indian life insurance sector. HDFC Life had completed the acquisition of Exide Life in January 2022.
Earlier, HDFC Life had received final approval from The Insurance Regulatory and Development Authority of India (IRDAI) to merge Exide Life Insurance Company with itself.
The entire transaction from announcement of the deal in September 2021 followed by the acquisition in January 2022 and the eventual merger was completed in less than 14 months.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life Insurance reports 19% rise in Q2 consolidated net profit
Publish Date: 25/10/2022
Total consolidated income of the company increased by 12.19% to 23,002.18 crore for Q2FY23
HDFC Life Insurance has reported results for second quarter ended September 30, 2022.
The company has reported rise of 19.00% in its net profit at Rs 326.24 crore for Q2FY23 as compared to Rs 274.16 crore for the corresponding quarter previous year. Total income of the company increased by 12.19% to Rs 22,973.47 crore for the quarter under review as compared to Rs 20,476.89 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 19.25% in its its net profit at Rs 329.02 crore for the quarter under review as compared to Rs 275.90 crore for the same quarter in the previous year. Total income of the company increased by 12.19% to 23,002.18 crore for the quarter under review as compared to Rs 20,502.43 crore for the same quarter in the previous year.
HDFC Life Insurance Company to acquire 11% stake in JV of IOCL, CPCL
Publish Date: 25/11/2022
Target entity will be a proposed Joint Venture Company of IOCL and CPCL (the Promoters) for implementing a 9 MMTPA refinery at Nagapattinam
HDFC Life Insurance Company has entered into an agreement dated November 23, 2022, in relation to an initial investment in the seed equity capital of the proposed Joint Venture (JV) of Indian Oil Corporation (IOCL) and Chennai Petroleum Corporation (CPCL) (Target entity) (to be incorporated).
Target entity will be a proposed Joint Venture Company of IOCL and CPCL (the Promoters) for implementing a 9 MMTPA refinery at Nagapattinam, Tamil Nadu, in which IOCL and CPCL shall together hold 50% equity stake (25% each) and balance would be held by other JV partners. Refinery shall produce petroleum products including MS (Petrol), HSD (Diesel), LPG, etc. and petrochemical products such as polypropylene.
The Target entity is initially proposed to be incorporated through seed capital of Rs 5 lakh, in which HDFC Life, acquirer will subscribe 11% of the total paid‐up capital of the Target entity. HDFC Life as seed equity investor does not have any obligation to fund the future equity requirement of the Project, beyond initial seed capital contribution of Rs 55,000.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life eyeing margins to improve further in fourth quarter
Publish Date: 23/01/2023
The company closed the December quarter with a new business premium margin of 26.8 per cent
HDFC Life Insurance Company is eyeing its margins to improve further in the fourth quarter, having already neutralised the hit it had taken from the merger of Exide Life three quarters earlier than expected. The company closed the December quarter with a new business premium margin of 26.8 per cent.
Its FY22 VNB (value of new business) margin stood at 27.4 per cent and the management is confident of reaching there or making a further improvement as it closes the current fiscal.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life Insurance inks pact with NSDC
Publish Date: 16/02/2023
As part of this collaboration, NSDC will support HDFC Life in inducting trained life insurance advisors
National Skill Development Corporation (NSDC) has entered into a partnership with HDFC Life Insurance Company to impart skills among youth in the insurance sector, in a bid to facilitate livelihood creation and promote entrepreneurship opportunities. As part of this collaboration, NSDC will support HDFC Life in inducting trained life insurance advisors. It will also provide training to candidates undergoing the IC38 examination conducted by the Insurance Regulatory and Development Authority of India (IRDAI) and drive skill enhancement.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life unveils new insurance plan
Publish Date: 27/02/2023
This product provides guaranteed, regular, tax-free benefits and guaranteed death benefit
HDFC Life Insurance Company has unveiled HDFC Life Guaranteed Income Insurance Plan. This product provides guaranteed, regular, tax-free benefits and guaranteed death benefit.
HDFC Life constantly endeavours to offer products that meet various life stage needs of individuals. With HDFC Life Guaranteed Income Insurance Plan, the Company is providing an opportunity for customers to build a financial corpus that would support them through regular and guaranteed income. Life insurance is a necessity for every individual with responsibilities and long-term financial goals. HDFC Life Guaranteed Income Insurance Plan can enable fulfillment of these goals.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life recognized in leadership list of Indian Corporate Governance Scorecard
Publish Date: 10/03/2023
This year, the achievement meets a higher threshold as the bar to be in the ‘Leadership’ category was raised over last year
HDFC Life Insurance Company has been featured in the ‘Leadership’ category of the Indian Corporate Governance Scorecard for the second consecutive year. This year, the achievement meets a higher threshold as the bar to be in the ‘Leadership’ category was raised over last year.
HDFC Life’s presence on the list is an outcome of the annual assessment of the S&P BSE 100 companies on the Indian Corporate Governance Scorecard framework. The Indian Corporate Governance Scorecard framework was developed jointly by IFC, BSE, and IiAS and is based on the G20/OECD Principles of Corporate Governance. It has been in use since 2015.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
HDFC Life launches new retirement plan ‘HDFC Life Smart Pension Plus’
Publish Date: 24/03/2023
The product offers flexibility to cover oneself as well as one’s spouse
HDFC Life Insurance Company has launched HDFC Life Smart Pension Plus - a plan that enables customers to achieve financial independence after retirement, in the form of a regular and guaranteed stream of income, similar to a ‘salary’. The product offers flexibility to cover oneself as well as one’s spouse, decide the premium payment term, frequency of pay-out and a choice to take income immediately or after a few years.
HDFC Life Smart Pension Plus has been designed to cater to individuals who want to save and create a financial safety net for themselves while they earn to be able to continue with their current lifestyle after retirement in their golden years.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
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