HDFC Life

GST Adjudicating Authority upheld a tax demand of Rs 2,400 crore against HDFC Life Insurance, which could set a precedence for others in the insurance industry

Bancassurance is a partnership between banks and insurance companies to sell insurance products through bank branches

Following the earnings announcement, the company's share price closed nearly 8 per cent higher than the previous day's close

Nomura, which previously downgraded the stock to Neutral in Q2FY25 due to concerns about surrender value impact, slowing growth, and higher valuations, has now upgraded its rating to 'Buy'

The value of new business (VNB) rose 8.6 per cent YoY to Rs 930 crore in Q3 FY25, compared to Rs 856 crore in the same period last year

HDFC Life on Wednesday reported a 14 per cent rise in net profit to Rs 415 crore in the December quarter. The private sector insurer's profit stood at Rs 365 crore in the year-ago period, HDFC Life said in a regulatory filing. However, total income declined to Rs 16,914 crore in the latest quarter from Rs 26,694 crore in the year-ago period. The company's solvency ratio also declined to 188 per cent from 190 per cent as on December 31, 2023 as against the regulatory requirement of 150 per cent. For the nine-month period ended December, the life insurer posted a profit of Rs 1,326 crore as against Rs 1,157 crore in the corresponding period a year ago.

Q3FY25 company results today: HDFC Life, L&T Tech, Oracle Financial Services, CEAT, Punjab & Sind Bank, and Bank of Maharashtra will release their reports for the Oct-Dec 2024 quarter

Previously, Star Health and Allied Insurance had to launch a forensic investigation, led by independent cybersecurity experts, into a cyberattack it was subjected to

Private insurers log 18% yearly increase at Rs 13,216.51 cr, according to data

What companies offer to subscribers living in a metro city and do not smoke

Its value of new business (VNB) increased 17.1 per cent Y-o-Y to Rs 938 crore in Q2, compared to Rs 801 crore in the year-ago period

Anuj Tyagi discusses the insurers' plans on the focus areas of the retail line of businesses

India Grid Trust on Tuesday said Alberta Investment Management Corporation and HDFC Life will invest Rs 567 crore and Rs 100 crore, respectively, in it. According to a statement, India Grid Trust (IndiGrid) announced the launch of its preferential issue process to raise Rs 695 crore following the successful conclusion of the offer-for-sale (OFS). IndiGrid on Tuesday launched its preferential issue process to raise Rs 695 crore through primary issuance of units for Rs 136.43 /unit, it added. IndiGrid has received investment commitments from Alberta Investment Management Corporation (AIMCo), one of Canada's largest and most diversified institutional investment managers, and HDFC Life for an investment of Rs 567 crore and Rs 100 crore, respectively, with a balance committed by other investors. Ambit Capital and SBI Caps are running a preferential issue process on IndiGrid's behalf. Harsh Shah, Chief Executive Officer IndiGrid, said, "We are also delighted to welcome AIMCo and HDFC Li

Insurance stocks in focus: LIC has approached Irdai to increase the interest rate assumption and plan-based G-Sec assumption for the calculation of surrender value, reports say

Life insurance stocks: While analysts laud the proposal to withdraw GST on life, medical insurance premiums, they suggest investors wait for the Finance Ministry's before taking any investment call

HDFC Life, Bajaj Allianz Life, ICICI Prudential Life, Max Life increase by 4-7%

Tyagi, who currently serves as the deputy MD, joined the company in 2008

HDFC Life's Assets Under Management Cross Rs. 3 Lakh Crore

HDFC Life on Tuesday launched a new cashless health policy for desi students pursuing education overseas, the premium for which will have to be paid in US dollars. The global student healthcare plan is designed for students in the 12-40 age bracket presently pursuing higher education abroad or aspire to pursue higher international education, the company said in a statement. The offer is being made from its Gift City IFSC unit -- HDFC Life International, which is the first overseas branch of HDFC International Life and Re, a life and health reinsurer based in DIFC, Dubai. The plan, available in four options, provides coverage of up to USD 3 million, offering flexibility in cover terms ranging from three months to one year, the insurer said. The plan offers a host of benefits and features designed to address the diverse healthcare needs and potential health contingencies allowing worldwide access to top-notch medical facilities outside the country, with a network of hospitals, clinic

The plan enables customers to access top private medical facilities and services while avoiding the conventional hassle of going through lengthy appointment wait times, as seen in various countries