HDFC Life Insurance Company Ltd

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Start SIP in HDFC Life Insurance Company Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
52W Low on Jun 04, 2024
-5.3
TTM PE Ratio
Below industry Median
81.8
Price to Book Ratio
Above industry Median
8.8
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is much higher than 1
4.6
RSI
RSI is mid-range
65.2
MFI
MFI Overbought
70.1

HDFC Life Insurance Company Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

HDFC Life Insurance Company Ltd shareholding Pattern

Promoter
50.4%
Foreign Institutions
30%
Mutual Funds
5.8%
Domestic Institutions
7.9%
Public
11.6%
Promoter
50.4%
Foreign Institutions
31.3%
Mutual Funds
4.5%
Domestic Institutions
6.6%
Public
11.8%
Promoter
50.4%
Foreign Institutions
30.5%
Mutual Funds
4.7%
Domestic Institutions
6.9%
Public
12.2%
Promoter
50.3%
Foreign Institutions
30.9%
Mutual Funds
4%
Domestic Institutions
6.2%
Public
12.6%
Promoter
50.3%
Foreign Institutions
29.8%
Mutual Funds
4.1%
Domestic Institutions
6.6%
Public
13.2%
Promoter
50.3%
Foreign Institutions
30.2%
Mutual Funds
4%
Domestic Institutions
6.2%
Public
13.3%

HDFC Life Insurance Company Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
13
Bearish Moving Averages
3
5Day EMA
583.20
10Day EMA
573.90
12Day EMA
572.00
20Day EMA
569.10
26Day EMA
569.60
50Day EMA
576.80
100Day EMA
590.20
200Day EMA
599.90
5Day SMA
581.10
10Day SMA
566.00
20Day SMA
564.60
30Day SMA
561.70
50Day SMA
578.90
100Day SMA
589.40
150Day SMA
610.40
200Day SMA
616.50
Delivery & Volume
Resistance & Support
598.07
Pivot
Resistance
First Resistance
602.08
Second Resistance
605.82
Third Resistance
609.83
Support
First Support
594.33
Second support
590.32
Third Support
586.58
Relative Strength Index
65.18
Money Flow Index
70.10
MACD
2.32
MACD Signal
-3.56
Average True Range
14.72
Average Directional Index
19.65
Rate of Change (21)
5.52
Rate of Change (125)
-14.30
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
Max Financial Services Ltd.
34287.15
668.3
1092
ICICI Prudential Life Insurance Company Ltd.
88466.92
463.45
640.85
SBI Life Insurance Company Ltd.
147213.34
1236.05
1569.4
Life Insurance Corporation of India
674782.38
595.05
1175

HDFC Life Insurance Company Ltd Company background

Founded in: 2000
Managing director: Vibha Padalkar
HDFC Life Insurance Company Limited is formed as a Joint Venture between Housing Development Finance Corporation Limited (HDFC Limited) and Abrdn plc, formerly Standard Life Aberdeen plc. HDFC Standard Life Insurance Company Limited was incorporated as a Public Limited Company at Mumbai on 14th August, 2000. The Company obtained the Certificate of Commencement of Business on October 12, 2000. Further, Company obtained Certificate of Registration from Insurance Regulatory and Development Authority of India (IRDAI) to undertake the life insurance business on 23rd October, 2000. Currently, the Company has 498 branches across India. The Company is a leading longterm life insurance solutions provider in India, offering a range of individual and group insurance solution that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity and Health. It offers a range of individual and group insurance solutions including participating, nonparticipating and unit linked lines of businesses. The portfolio comprises of various insurance and investment products such as Protection, Pension, Savings, Investment, Annuity and Health. It has a broad, diversified product portfolio covering five principal segments across the individual and group categories, namely participating, nonparticipating protection term, nonparticipating protection health, other nonparticipating and unitlinked insurance products. In 2003, HDFC Standard Life crossed 1 lakh policies and 10,000 individual agents. During the year, the company entered into distribution tieups with HDFC Bank and other banks. In 2004, the company launched unit linked products. During the year, the company entered into distribution tieup with Saraswat Cooperative Bank Limited. In 2007, HDFC Standard Life crossed the 5 lakh policy milestone. In 2010, HDFC Standard Lifes total assets under management (AUM) crossed Rs 20000 crore.In Fiscal 2012, the Company established a whollyowned subsidiary, HDFC Pension, to operate the pension fund business under the National Pension System. HDFC Pension is the second largest private pension fund management company in India in terms of assets under management and subscribers in Fiscal 2017. In FY 201112, the Company launched HDFC Life Credit Protect, which offers term insurance coverage for retail loans.HDFC Standard Life turned profitable in fiscal 2012 and registered a profit of Rs 271 crore. In December 2013, the company declared a maiden dividend. In 2014, the companys AUM crossed Rs 50000 crore mark.In 2016, HDFC Standard Lifes total premium crossed the Rs 16000 crore mark. During the year, Standard Life Mauritius increased its stake in HDFC Standard Life Insurance Company from to 35% from 26%. In Fiscal 2016, The Company established a first international subsidiary in the UAE, HDFC International, to operate the reinsurance business. HDFC International has signed reinsurance treaties for two distinct lines of individual life business and entered into arrangements to offer reinsurance for group and credit life schemes. The Company expects the pension and reinsurance business to help them diversify its sources of revenue and profitability in future. On 31 July 2017, HDFC Standard Life Insurance Company and Max Group entities called off proposed merger of their life insurance businesses as the parties were unable to obtain the requisite regulatory approvals to consummate the merger. Earlier, on 8 August 2016, HDFC Standard Life Insurance Company and Max Group Entities had announced the merger of their life insurance businesses through a composite scheme of arrangement and had entered into certain definitive agreements to implement the same subject to satisfaction of various conditions, including the receipt of necessary approvals.During the FY2018, the Company completed its Initial Public Offer by way of an offer for sale up to 299,827,818 equity shares of face value of Rs 10 each of the Company, by promoters of the Company i.e. Housing Development Finance Corporation Limited and Standard Life (Mauritius Holding) 2006 Limited. The Shares of the Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on 17 November 2017.In FY 201819, Company launched HDFC Life Sanchay Plus to cater to growing customer need for guaranteed income, which brought HDFC Life Sanchay Par Advantage to the customers. During FY 2018, HDFC Life launched an innovative deferred pension single premium annuity plan known as HDFC Life Pension Guaranteed Plan. At the end of FY 2018, HDFC Life had 34 Individual and 11 Group products, with 8 Riders available for its customers.The Company received the Economic Times Great Place to Work award during FY 2018.During the FY2019, the total new business premium increased to Rs 14,971 crore, showcasing a growth of 32% over previous year,while group new business premium showcased strong growth of 36% to end at Rs 7,327 crore. The total premium during FY 2019 was Rs 29,186 crore compared to Rs 23,564 crore during FY 2018, registering a sustainable growth of 24%, primarily due to healthy new business growth of 32% and growth of 16% in renewal premium.The corporate name of the Company was changed from HDFC Standard Life Insurance Company Limited to HDFC Life Insurance Company Limited on 17 January 2019. The name of the Company was changed to align the corporate name with its brand name. During the FY2020, the total new business premium increased by 15% to Rs 17,238 crore.The company maintained its leadership position within the group segment, recording growth of 20% to end at Rs 8,775 crore. The total premium grew by 12% to Rs 32,707 crore compared to Rs 29,186 crore in FY 2019 underpinned by new business growth of 15% and 9% growth in renewal premium.The assets under management (AUM) were Rs 1,27,226 crore, with a debtequity proportion of 71:29 as on 31 March 2020, thereby clocking a 1% growth over last year.In September 2020, the Company launched HDFC Life Group Poorna Suraksha, a group term product which has a suite of benefits such as easier onboarding, longterm coverage, portability and customised underwriting and pricing. During the FY2021,the total new business premium increased by 17% to Rs 20,107 crore. The company maintained its leadership position within the group segment, recording growth of 14% to end at Rs 10,031 crore.The total premium grew by 18% to Rs 38,583 crore in FY 202021, compared to Rs 32,707 crore in FY 201920 on account of new business growth of 17% and 19% growth in renewal premium.The assets under management (AUM) stood at Rs 1,73,839 crore, with a debtequity proportion of 64:36 as on 31 March 2021, thereby clocking a 37% growth over the previous year.During the year 202021 the Company has issued and allotted 6,000 unsecured, redeemable, nonconvertible debentures (NCDs) each having a face value of Rs 10,00,000/ for an aggregate nominal value of Rs 600 crore as subordinated debt.These NCDs are listed on the wholesale debt market segment of the National Stock Exchange of India Limited.The Board of Directors of the Company approved the Share Purchase and Share Swap Agreement dated 03 September 2021, entered into by and amongst the Company, Exide Industries Limited and Exide Life Insurance Company Limited, in connection with the acquisition of 100% of the share capital of and subsequent merger of Exide Life Insurance Company Limited into the Company for a total consideration of Rs. 668,700 lakhs. The proposed preferential issuance of equity shares to Exide Industries, has been approved by shareholders of the Company at the Extra Ordinary General Meeting held on 29 September 2021.In April 2021, Company introduced HDFC Life Saral Jeevan Bima, a Term Insurance Plan by offering a lumpsum benefit in case of any eventualities.In July 2021, the Company launched HDFC Life Saral Pension, a single premium nonparticipating nonlinked annuity plan.In October, 2021, Company introduced HDFC Life Sanchay Fixed Maturity Plan, a plan that offers guaranteed returns in the form of a lumpsum benefit on maturity.In December 2021, the Company introduced HDFC Life Systematic Retirement Plan, a deferred annuity plan available under both individual and group categories, which offers guaranteed income for whole of life by paying premiums for a limited payment term, option to choose deferment period from 5 to 15 years.As on March 31, 2022, the Company had 39 individual and 13 group products in its portfolio, along with 7 optional rider benefits, catering to a diverse range of customer needs. During FY 202122, Company launched a Systematic Retirement Plan, designed to lock in future rates by investing systematically. In FY 2021 22, Companys largest distribution channel, Bancassurance, contributed 60% of the Individual APE. In FY 202122, the Company covered 5.4 crore lives policies issued through various channels out of which 9,15,102 are individual policies issued. It added over 9 lakh new policies during year 202122.In FY 202122, the Company acquired 100% equity shares of Exide Life Insurance Co Ltd, and became its wholly owned subsidiary effective from January 01, 2022.The Asset Under Management (AUM) was Rs 204,170 crore as on March 31, 2022.In January 2023, the Company introduced HDFC Life Smart Pension Plus and Group Traditional Secure Plan.During the year 202223, the business of erstwhile Exide Life Insurance Company Limited got merged into the Company through the Scheme of Arrangement made effective from October 15, 2022.
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HDFC Life Insurance Company Ltd FAQs

HDFC Life Insurance Company Ltd shares are currently priced at 599.1 on NSE and 599.6 on BSE as of 6/14/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of HDFC Life Insurance Company Ltd [HDFCLIFE] share was -1.71. The HDFC Life Insurance Company Ltd [HDFCLIFE] share hit a 1-year low of Rs. 511.4 and a 1-year high of Rs. 710.6.

The market cap of HDFC Life Insurance Company Ltd is Rs. 128701.74 Cr. as of 6/14/2024 12:00:00 AM.

The PE ratios of HDFC Life Insurance Company Ltd is 82.04 as of 6/14/2024 12:00:00 AM.

The PB ratios of HDFC Life Insurance Company Ltd is 8.77 as of 6/14/2024 12:00:00 AM

The Mutual Fund Shareholding was 5.77% at the end of 6/14/2024 12:00:00 AM.

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