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HDFC Life Insurance Company Performance

Days Range

Low: ₹575.75
High: ₹583.35
Previous Close ₹574.65
Open ₹577.20
Volume 25,60,467
Day’s Range ₹575.75 - ₹583.35
52W Range ₹457.80 - ₹710.60
Market Cap ₹1,23,630 Cr

Fundamentals of HDFC Life Insurance Company

ROCE (TTM) 0.37%
P/E Ratio (TTM) 81.07
P/B Ratio 8.72
Industry P/E 19.67
Debt to Equity 0.07
ROE 10.75%
EPS (TTM) 7.09
Dividend Yield 0.33%
Book Value 66
Face Value 10

Financials of HDFC Life Insurance Company

Mar 2023Jun 2023Sep 2023Dec 2023
Expenses581.8556.9863.1355.99

About HDFC Life Insurance Company

HDFC Life Insurance Company Limited was started as a joint venture between Housing Development Finance Corporation Limited (HDFC Limited) and Abrdn plc. HDFC Standard Life Insurance Company Ltd was incorporated as a Public Limited Company on August 14, 2000.

In 2003, the company crossed the mark of 1 lakh policies and 10,000 individual agents. In the same year, the company entered into tie-ups for distribution with HDFC Bank as well as other banks. In 2004, the company launched its unit-linked insurance product and also entered into a distribution tie-up with Saraswat Co-operative Bank Ltd. In 2007, it crossed the 5 lakh policies mark.

In Fiscal 2012, the company established a wholly-owned subsidiary, HDFC Pension, for its pension fund business. In FY 2011-12, the company launched HDFC Life Credit Protect, providing term insurance coverage for retail loans. In Fiscal 2016, The Company established its first international subsidiary in the UAE, named HDFC International, for expanding its reinsurance business.

HDFC Life IPO happened in November 2017, and the company got listed on BSE and NSE on November 17, 2017. The name of the company was eventually changed from ‘HDFC Standard Life Insurance Company Ltd.’ to ‘HDFC Life Insurance Company Ltd.’ on January 17, 2019. This was done to align the corporate name with its brand name.

Business Segments

The life insurance plans offered by HDFC Life Insurance Co. can be structured into the following categories:

  1. Term Insurance Plans – These are life insurance plans that cover only a particular period or term, e.g. HDFC Life 2 Click Protect Super.
  2. Savings Plans – A savings plan allows you to build your savings and allocate funds for your present life insurance coverage simultaneously. They provide both a fixed return on maturity as well as a payout in case of a successful claim.
  3. ULIP Plans – These are unit-linked insurance plans that allow simultaneous investment into a variety of equity and debt funds, e.g. HDFC Life Sampoorn Nivesh, HDFC Life Click 2 Wealth, etc.
  4. Child Plans – These schemes allow you to start investing in funds for your children’s future right from birth, as well as ensure a payout in case something happens to you.
  5. Retirement – These plans provide for a future monthly or annual payout by investing today.
  6. Retirement – Annuity Plans – Similar to pension plans, these schemes provide you with a steady income after retirement for the rest of your life.
  7. Group Insurance Plans – These schemes help employers/groups to meet their employee benefit liability obligations.
  8. Health Plans – These schemes provide you coverage for hospital expenditure.

Subsidiaries:

As of March 31, 2023, HDFC Life Insurance has the following subsidiaries:

  1. HDFC Pension Management Company Ltd. – The company is the fastest-growing Pension Fund Manager under the NPS architecture, with a YoY growth of 60% in AUM as of March 31, 2023.
  2. HDFC International Life and Re Company Ltd. – The company provides reinsurance support for individual and group reinsurance programs, with a focus on the MENA region.

Key Personnel

Ms. Vibha Padalkar, MD and CEO

Under Ms. Padalkar’s leadership, the company doubled its performance in key metrics, reaching an AUM of ₹2.4 lakh crore as of March 31, 2023. In FY23, she also spearheaded the first M&A in the Indian life insurance industry. Ms. Padalkar joined the company in 2008. Before becoming MD & CEO in 2018, she was the ED & CFO and was instrumental in the successful listing of HDFC Life in 2017. She is also a member of the Executive Committee (EC) of the Life Insurance Council.

Corporate Actions

There is no record of the company announcing any buyback of shares, bonus issues, rights issues, or stock splits in the recent past.

Mergers and Acquisitions

In FY 2021-22, the Company acquired 100% ownership of Exide Life Insurance Co Ltd. Exide became its wholly owned subsidiary effective January 1, 2022.

Financial Performance

  • Since FY 2019, the company has seen a massive increase in its revenue, from ₹29,380 crore to ₹70,207 crore in FY 2023.
  • Since FY 2019, the company has seen its operating profit dip, but its net profit increase at the same time. This has been possible due to its rapid expansion in the category of ‘Other Income’.
  • In the years since FY 2013, the company has steadily increased its dividend payout ratio from 14% in FY 2014 to 30% in FY 2023.
Parent Organisation HDFC
Founded 2000
Managing Director Deepak Parekh
NSE Symbol HDFCLIFE

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
ICICI Lombard General Insurance Company Ltd ₹81,068.92

1639.25

7.00 (-0.43%)

1621.15 - 1654.8
SBI Life Insurance Company Ltd ₹151,367.49

1529.15

19.50 (1.29%)

1501.25 - 1536.25
Life Insurance Corporation of India ₹672,948.13

1065.95

1.55 (0.15%)

1048.05 - 1082
ICICI Prudential Life Insurance Company Ltd ₹74,636.63

522.85

4.50 (0.87%)

515.25 - 525
New India Assurance Company Ltd ₹46,547.76

279

3.40 (-1.20%)

277.6 - 288.65

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FAQs

What is the Share price of HDFC Life Insurance Company (HDFCLIFE)?

HDFC Life Insurance Company (HDFCLIFE) share price as of February 23, 2024, on NSE is Rs 580.70 (NSE) and Rs 580.75 (BSE) on BSE.

Can I buy HDFC Life Insurance Company (HDFCLIFE) shares?

Yes, You can buy HDFC Life Insurance Company (HDFCLIFE) shares by opening a Demat account with Angel One.

How do I buy HDFC Life Insurance Company (HDFCLIFE) from Angel One?

HDFC Life Insurance Company (HDFCLIFE) share can be brought through the following modes:
  1. Direct investment: You can buy HDFC Life Insurance Company (HDFCLIFE) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to HDFC Life Insurance Company (HDFCLIFE) shares.

What is the total Asset of HDFC Life?

HDFC Life’s total assets for 2022 were Rs 210,389 Crore.

What is the main business of HDFC Life?

Established in 2000, HDFC Life is one of India’s top providers of long-term life insurance solutions. It offers a variety of individual and group insurance options to address a range of client needs, including protection, pension, savings, investment, annuities, and health insurance.

Who are the promoters of HDFC Life?

Housing Development Finance Corporation Limited (47.81%) and Standard Life (Mauritius Holdings) (23.02%) are some of the biggest promoters of HDFC Life.