HDFCLIFE.NSE News
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.
cityfalcon.com
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 ($53.2 million) for the three months ended March 31, compared with 4.77 billion rupees a year ago. Earlier in the week, peer ICICI Prudential Life reported a jump in quarterly profit, boosted by new business growth. HDFC Life’s net premium income rose nearly 9% to 258.29 billion rupees, driven by a 14% rise in policy renewals.
cityfalcon.com
… that the insurer had wrongly rejected her claim. The commission directed HDFC Life Insurance … to purchase a term insurance policy from HDFC Life Insurance , for which a … grounds for outright repudiation of insurance claims. In the present case, the victim …
cityfalcon.com
Nervousness returned to the Indian equity market on Thursday after a spirited recovery rally on Wednesday triggered by concerns over US-Iran war ceasefire which looked fragile. BSE Sensex was down 1.20% to 76,631.65, while NSE Nifty 50 index declined 0.93% to reach 23,775.10. Investors will keep watch on several stocks today due to certain developments.
cityfalcon.com
HDFC Life Insurance Co. Ltd. ( ($IN:HDFCLIFE) ) just unveiled an update. HDFC Life Insurance Company Limited, a major player in India’s life insura...
cityfalcon.com
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
cityfalcon.com
The insurer posted a 10% YoY rise in Q2 net profit to ₹415 crore, with steady VNB and NBP growth. Analyst flagged technical support near ₹735–₹740.
Analysts pegged Nifty support at 25,180 and resistance at 25,450.
IT giants Infosys, Wipro, and LTIMindree are expected to post their Q2 earnings today
The analyst highlighted strong technical momentum for HDFC Life, pointing to support near ₹760–770 and potential upside toward ₹850.
The analyst said the GST cut expands access to care while opening steady opportunities for companies in the sector.