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HDFC Life Insurance Company

HDFCLIFE
Large Cap
(%) 1D
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1D1W1M3M6M1YMAX

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HDFC Life Insurance Company Share price and Fundamental Analysis

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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.
Company Incorporation2000
ChairmanDeepak Parekh
Head QuartersMumbai
Previous NameHDFC Standard Life Insurance Company Ltd

Key Metrics

Market Cap (Cr)
1,58,266
PE Ratio
87.41
Industry P/E
66.55
PEG Ratio
5.86
ROE
11.21%
ROCE
0.38%
ROA
0.52%
Total Debt (Cr)
2,950
Debt to Equity
0.18
Dividend Yield
0.29%
EPS
8.41
Book Value & P/B
74.9 x 9.81
Face Value
10
Outstanding Shares(Cr)
215.3
Current Ratio
1.03
EV to Sales
2.28

Included In

+More

Stock Returns

1 Week+1.72%
1 Month+4.31%
6 Months+5.91%
1 Year+32.22%
3 Years+33.65%
5 Years+53.38%

CAGR

1 Year CAGR

Revenue Growth

+44.57%

Net Profit Growth

+15.35%

Operating Profit Growth

-22.62%

Dividend Growth

+5.26%

Stock Returns CAGR

+32.22%
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Mar 25

Promoters : 50.32%

FIIs : 24.95%

DIIs : 14.10%

Public : 10.63%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in March 2025 Qtr
DII Shareholding Increased by 0.37% to 14.1% in March 2025 Qtr
FII Shareholding Decreased by 0.19% to 24.95% in March 2025 Qtr

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ROE

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Dividend History

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HDFC Life Insurance Company Management and History

Company Management

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Company History

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 long-term 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, non-participating 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, non-participating protection term, non-participating protection health, other nonparticipating and unit-linked insurance products.

In 2003, HDFC Standard Life crossed 1 lakh policies and 10,000 individual agents. During the year, the company entered into distribution tie-ups with HDFC Bank and other banks. In 2004, the company launched unit linked products. During the year, the company entered into distribution tie-up with Saraswat Co-operative Bank Limited. In 2007, HDFC Standard Life crossed the 5 lakh policy milestone. In 2010, HDFC Standard Life's total assets under management (AUM) crossed Rs 20000 crore.

In Fiscal 2012, the Company established a wholly-owned 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 2011-12, 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 company's AUM crossed Rs 50000 crore mark.

In 2016, HDFC Standard Life's 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 2018-19, 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 it's 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 debt-equity 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 on-boarding, long-term 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 2020-21, compared to Rs 32,707 crore in FY 2019-20 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 debt-equity proportion of 64:36 as on 31 March 2021, thereby clocking a 37% growth over the previous year.

During the year 2020-21 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 non-participating non-linked 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 2021-22, Company launched a Systematic Retirement Plan, designed to lock in future rates by investing systematically. In FY 2021- 22, Company's largest distribution channel, Bancassurance, contributed 60% of the Individual APE. In FY 2021-22, 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 2021-22.

In FY 2021-22, 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 2022-23, 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.

HDFC Life Insurance Company Share Price

HDFC Life Insurance Company share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

HDFC Life Insurance Company Market Cap

Market capitalization of HDFC Life Insurance Company indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how HDFC Life Insurance Company is valued compared to its competitors.

HDFC Life Insurance Company PE Ratio

HDFC Life Insurance Company PE ratio helps investors understand what is the market value of each stock compared to HDFC Life Insurance Company 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

HDFC Life Insurance Company PEG Ratio

The PEG ratio of HDFC Life Insurance Company evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

HDFC Life Insurance Company ROE (Return on Equity)

Return on Equity (ROE) measures how effectively HDFC Life Insurance Company generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

HDFC Life Insurance Company ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of HDFC Life Insurance Company in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

HDFC Life Insurance Company Total Debt

Total debt of HDFC Life Insurance Company shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

HDFC Life Insurance Company Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of HDFC Life Insurance Company compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

HDFC Life Insurance Company CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of HDFC Life Insurance Company over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

HDFC Life Insurance Company Technical Analysis

Technical analysis of HDFC Life Insurance Company helps investors get an insight into when they can enter or exit the stock. Key components of HDFC Life Insurance Company Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where HDFC Life Insurance Company shares often struggle to rise above due to selling pressure.

HDFC Life Insurance Company Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect HDFC Life Insurance Company ’s financial health and profitability.

HDFC Life Insurance Company Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

HDFC Life Insurance Company Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

HDFC Life Insurance Company Financials

The financials of HDFC Life Insurance Company provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

HDFC Life Insurance Company Profit and Loss Statements

The profit and loss statement of HDFC Life Insurance Company highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of HDFC Life Insurance Company .

HDFC Life Insurance Company Balance Sheet

The balance sheet presents a snapshot of HDFC Life Insurance Company ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

HDFC Life Insurance Company Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

HDFC Life Insurance Company Price-to-Book Ratio (P/B Ratio)

HDFC Life Insurance Company Price-to-book ratio is used by many investors to compare a company's market capitalization to its book value and find undervalued companies.

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