|Stock Name : HDFC Life/Tips Open||Buy : 589.30||Posted Date : Sep 18, 2020|
|Stopless/Horizon : 420||Target : 789||Results Achieved (Yes/No) :|
Overview: HDFC Life is a leading life insurance solution providingcompany established in the year 2000. It is a Large Cap company with a market capital of Rs 121433.07 Crore.
Management: Ms. Vibha Padalkar is the Managing director and CEO of HDFC life and Mr. Deepak S Parekh is the Chairman.
Shareholding Pattern (as on 30-06-2020):
• Promoters: 50.14
• Foreign Institutions: 23.55
• NBFC and Mutual Funds : 5.40
• Others: 2.08
• General Public: 6.64
• Financial Institutions: 1.90
• Foreign Promoters: 10.27
• GDR: 0.03
About the company:HDFC Life Insurance Company Limited is a joint venture betweenone of India’s leading bank, HDFC Ltdand a global investment company,Standard Life Aberdeen.
HDFC Life offers a range of individual and group insurance solutions,they also provide customized plans (Allows to add optional benefitsat an additional price) called the riders. As on March 2020, the company currently has 37 retail and 11 group products, along with 6 optional rider benefits.
HDFC Life has a strong presence across all the states in the country with 421 branches in India.
The company consistently improved its market share in each fiscal year. HDFC Life’s market share (in terms of new business premiums) stood at 21.5% during fiscal 2020 as against 19.1% during fiscal 2018.
Subsidiaries: HDFC Life established a wholly-owned subsidiary named HDFC Pension Management Company Ltd in the year 2012. This subsidiaryoperates its pension fund business under the National Pension Scheme (NPS). In terms of AUM and subscribers in (as on 2017), HDFC Pension is the second largest private pension fund management company in India.
In 2016, the HDFC Lifeestablished its first international, wholly-owned subsidiary in the UAE, HDFC International Life and Re Company Ltd., to operate its reinsurance business.
Sales Report:HDFC Life reported a consolidated sale of Rs 352.92 Crore for the quarter ended on 30th June 2020, which is down by -23.98 % from previous quarter’s sales of Rs 464.25 Crore and down by -2.04 % fromcorresponding period of the previous year’ssales which wasRs 360.26Crore.
The company posted net profit of Rs.450.54 crores for the period ended June 30, 2020.
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