Company Profile

HDFC Life Insurance Company has reported results for second quarter ended September 30, 2020.

The company has reported 5.64% rise in its net profit of Rs 326.09 crore for the quarter under review as against net profit of Rs 308.69 crore for the same quarter in the previous year. Total income of the company increased by 89.59% at Rs 16414.76 crore for Q2FY21 as compared Rs 8658.13 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 6.10% marginal rise in its net profit at Rs 327.83 crore for the quarter under review as against net profit of Rs 308.98 crore for the same quarter in the previous year. Total income of the company increased by 89.65% at Rs 16426.03 crore for Q2FY21 as compared Rs 8661.33 crore for the corresponding quarter previous year.

HDFC Life Insurance Company is currently trading at Rs. 571.10, up by 0.45 points or 0.08% from its previous closing of Rs. 570.65 on the BSE.

The scrip opened at Rs. 573.95 and has touched a high and low of Rs. 580.65 and Rs. 567.05 respectively. So far 465807 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 647.50 on 28-Jul-2020 and a 52 week low of Rs. 339.15 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 580.65 and Rs. 558.50 respectively. The current market cap of the company is Rs. 115291.01 crore.

The promoters holding in the company stood at 60.41%, while Institutions and Non-Institutions held 30.84% and 8.72% respectively.

HDFC Life Insurance Company has reported 5.64% rise in its net profit of Rs 326.09 crore for the quarter ended September 30, 2020 as against net profit of Rs 308.69 crore for the same quarter in the previous year. Total income of the company increased by 89.59% at Rs 16414.76 crore for Q2FY21 as compared Rs 8658.13 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 6.10% marginal rise in its net profit at Rs 327.83 crore for the quarter ended September 30, 2020 as against net profit of Rs 308.98 crore for the same quarter in the previous year. Total income of the company increased by 89.65% at Rs 16426.03 crore for Q2FY21 as compared Rs 8661.33 crore for the corresponding quarter previous year.

HDFC Life Insurance Company has entered into a bancassurance partnership with Yes Bank to sell policies to the bank’s customers. HDFC Life and Yes Bank entered into a corporate agency (CA) arrangement. This CA arrangement will enable customers of Yes Bank to avail HDFC Life’s wide range of life insurance products, which include solutions for protection, savings and investment, retirement and critical illness.

With bancassurance experience, the company aim to offer a comprehensive suite of product solutions and best in class servicing, leveraging investments in technology.

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 is currently trading at Rs. 582.30, up by 3.15 points or 0.54% from its previous closing of Rs. 579.15 on the BSE.

The scrip opened at Rs. 602.00 and has touched a high and low of Rs. 602.00 and Rs. 578.50 respectively. So far 11507 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 647.50 on 28-Jul-2020 and a 52 week low of Rs. 339.15 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 602.00 and Rs. 566.25 respectively. The current market cap of the company is Rs. 117795.14 crore.

The promoters holding in the company stood at 60.41%, while Institutions and Non-Institutions held 30.84% and 8.72% respectively.

HDFC Life Insurance Company has entered into a bancassurance partnership with Yes Bank to sell policies to the bank’s customers. HDFC Life and Yes Bank entered into a corporate agency (CA) arrangement. This CA arrangement will enable customers of Yes Bank to avail HDFC Life’s wide range of life insurance products, which include solutions for protection, savings and investment, retirement and critical illness.

With bancassurance experience, the company aim to offer a comprehensive suite of product solutions and best in class servicing, leveraging investments in technology.

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 has raised Rs 600 crore through Unsecured, Rated, Listed, Subordinated, Redeemable, Fully Paid-up Non-Convertible Debentures (NCDs) and allotted 6,000 NCDs having a face value of Rs 10,00,000 for cash, at par, in dematerialized form, on private placement basis to the identified parties.

The Board of Directors at its meeting held on July 29, 2020 has approved and allotted the same.

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.