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News on HDFC Life


DIVIDEND PROJECTION :
Private life insurance company HDFC Standard Life Insurance may declare a dividend soon, according to an investor presentation by Standard Life, the UK-based joint venture partner of the company. "Company can now declare dividend," said the UK arm in the presentation recently made to its investors.
The presentation mentioned that HDFC Life has established market out-performance consistently over the past 2 years. It added that the Indian life insurance industry in poised for long term growth and HDFC Life is best positioned to take advantage of the market opportunity.
According to the presentation, the number of policies grew by 26% in first half of financial year 2013 versus first half of financial year 2012. "Policy term enhanced to 13.2 years in H113 vs. 11.5 years in H112," it further noted.

IPO Unlikely for HDFC Life  :
With the cabinet clearing the proposal of 49% foreign direct investment, the next logical step should have been revival of initial public offer (IPO) plans of insurance companies. However, insurers do not seem to be too buoyant.
Amitabh Chaudhry, MD & CEO of HDFC Life said, "FDI in insurance is welcome and it will help the industry to access capital and expertise from foreign insurers. However, I believe FDI is not the only precondition for a public issue. For us to go for an IPO , we need the new business margin that has shrunk in the last year to go up and growth to come back. If we can sustain them, we can approach the market at that time and get the right valuation. The FDI announcement, along with the slew of measures announced earlier is good and positive signals from the Government but I don't see any significant advancement to IPO timeline for the industry at this point in time. "




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Comments

  1. Harpreet Kaur
    harpreetk.dialabank@gmail.com
    Nice article...It helps to gain my knowledge more about HDFC Life Insurance which has the best positioned in today's market to take the advantage of market opportunity. Thanks alot...!!!

    ReplyDelete
  2. Thank You ! Please keep visiting for more updates .

    ReplyDelete
  3. Hello Sir My policy no 15161718, i paid premium by HDFC credit card but i can't get any reciept So please provide me HDFC Standard Life Customer Care Number for the query of reciept...

    ReplyDelete

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