HDFCLIFE.NSEHDFC Life Insurance Co. Ltd.
HDFCLIFE.NSE
HDFC Life Insurance Co. Ltd.6,000
Indian insurer HDFC Life’s new business growth slows
India’s HDFC Life Insurance Company posted a fall in quarterly new business value on Thursday while reporting a slight profit rise, driven by policy renewals. India’s tax cuts in September have boosted retail insurance demand but analysts had forecast a soft quarter for HDFC Life with new business growth slowing due to weaker sales through banks and as volatile markets made customers wary about market-linked plans. “Looking ahead, we expect a gradual shift in the product mix as customers rebalance toward long-term savings and protection in an environment of greater uncertainty,” HDFC Life MD and CEO Vibha Padalkar said in a statement. The insurer, a unit of HDFC Bank, posted a net profit of 4.96 billion rupees ($53.2 million) for the three months ended March 31, compared with 4.77 billion rupees a year ago. Earlier in the week, peer ICICI Prudential Life reported a jump in quarterly profit, boosted by new business growth. HDFC Life’s net premium income rose nearly 9% to 258.29 billion rupees, driven by a 14% rise in policy renewals.
Indian insurer HDFC Life’s new business growth slows
India’s HDFC Life Insurance Company posted a fall in quarterly new business value on Thursday while reporting a slight profit rise, driven by policy renewals. India’s tax cuts in September have boosted retail insurance demand but analysts had forecast a soft quarter for HDFC Life with new business growth slowing due to weaker sales through banks and as volatile markets made customers wary about market-linked plans. “Looking ahead, we expect a gradual shift in the product mix as customers rebalance toward long-term savings and protection in an environment of greater uncertainty,” HDFC Life MD and CEO Vibha Padalkar said in a statement. The insurer, a unit of HDFC Bank, posted a net profit of 4.96 billion rupees ($53.2 million) for the three months ended March 31, compared with 4.77 billion rupees a year ago. Earlier in the week, peer ICICI Prudential Life reported a jump in quarterly profit, boosted by new business growth. HDFC Life’s net premium income rose nearly 9% to 258.29 billion rupees, driven by a 14% rise in policy renewals.
Chandigarh:‘Lifestyle diseases no grounds for claim rejection’: Insurer told to pay Rs1 crore to Covid victim’s wife
… that the insurer had wrongly rejected her claim. The commission directed HDFC Life Insurance … to purchase a term insurance policy from HDFC Life Insurance , for which a … grounds for outright repudiation of insurance claims. In the present case, the victim …
Chandigarh:‘Lifestyle diseases no grounds for claim rejection’: Insurer told to pay Rs1 crore to Covid victim’s wife
… that the insurer had wrongly rejected her claim. The commission directed HDFC Life Insurance … to purchase a term insurance policy from HDFC Life Insurance , for which a … grounds for outright repudiation of insurance claims. In the present case, the victim …
Stocks to watch today: TCS, Wipro, HDFC Life Insurance and more in focus
Nervousness returned to the Indian equity market on Thursday after a spirited recovery rally on Wednesday triggered by concerns over US-Iran war ceasefire which looked fragile. BSE Sensex was down 1.20% to 76,631.65, while NSE Nifty 50 index declined 0.93% to reach 23,775.10. Investors will keep watch on several stocks today due to certain developments.
Stocks to watch today: TCS, Wipro, HDFC Life Insurance and more in focus
Nervousness returned to the Indian equity market on Thursday after a spirited recovery rally on Wednesday triggered by concerns over US-Iran war ceasefire which looked fragile. BSE Sensex was down 1.20% to 76,631.65, while NSE Nifty 50 index declined 0.93% to reach 23,775.10. Investors will keep watch on several stocks today due to certain developments.
HDFC Life Sets April 16 Earnings Call for FY26 Results
HDFC Life Insurance Co. Ltd. ( ($IN:HDFCLIFE) ) just unveiled an update. HDFC Life Insurance Company Limited, a major player in India’s life insura...
HDFC Life Sets April 16 Earnings Call for FY26 Results
HDFC Life Insurance Co. Ltd. ( ($IN:HDFCLIFE) ) just unveiled an update. HDFC Life Insurance Company Limited, a major player in India’s life insura...
HDFC Life Insurance gets I-T order for ₹172 crore
Consisting of ₹126.46 crore tax demand, ₹45.55 crore interest, and nil penalty, the order from the Income Tax authorities in Mumbai is for Assessment Year 2023-24 (financial year 2022-23) and related to multiple alleged violations
HDFC Life Insurance gets I-T order for ₹172 crore
Consisting of ₹126.46 crore tax demand, ₹45.55 crore interest, and nil penalty, the order from the Income Tax authorities in Mumbai is for Assessment Year 2023-24 (financial year 2022-23) and related to multiple alleged violations
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