Page 3 - Hdfc Life

HDFC Life completes acquisition of Exide Life; merger to take place shortly

'The acquisition will accelerate the scale-up of the proprietary channels, strengthen presence in South India and across tier 2 and tier 3 locations,' HDFC Life said

Sensex slips 257pts, Nifty below 17,850; Airtel, ICICI, HDFC Bank weigh

The broader markets moved in tandem with the key benchmark indices. The BSE Midcap and Smallcap indices were down 0.2 per cent and 0.3 per cent, respectively.

Insurance companies apply big in Policy Bazaar's Rs 5,600 crore IPO

A total of 26.2 million shares have been allocated to over 150 funds at Rs 980 per share

HDFC Life profit falls 16% in Q2 on account of high Covid-19 claims

Net premium increased 14 per cent to Rs 11,443.96 crore against Rs 10,045.44 crore a year ago

HDFC Life Q2 consolidated net profit declines 16% to Rs 275.91 cr

HDFC Life Insurance on Friday reported a nearly 16 per cent decline in consolidated net profit to Rs 275.91 crore in the second quarter ended September 30.

Exide Life is a tuck-in acquisition at fair valuations: HDFC Life CEO

In a Q&A, the MD & CEO of HDFC Life dwelt on the contours of her company's acquisition of Exide Life Insurance and how it will help HDFC Life consolidate its position in the industry

Don't see term product prices rising: HDFC Life MD & CEO Vibha Padalkar

Vibha Padalkar talks about the adequacy of reserves the company set aside for future claims and the impact of higher claims on term prices, among others

Irdai should monitor life insurers' expense management only: Deepak Parekh

Allowing life insurers to distribute health indemnity and NPS products will improve the insurance reach, Parekh said

Standard Life to divest 3.46% in HDFC Life, price range set at Rs 658-678

At the lower end, the share sale will fetch around Rs 4,606 cr or $621 mn; HDFC Life stock sheds 4.1% at close

Covid-19 impact on claims may force insurers to review prices: Irdai exec

General and standalone health insurers have received 938,640 claims related to Covid-19 till March 15, says Suresh Mathur

Open to exploring opportunities for strategic collaboration: HDFC Life CEO

Vibha Padalkar says the insurer has witnessed a 65% reduction in customer complaints over the last 5 years

SBI Life, HDFC Life: Insurance cos eyeing reforms, stay invested: Analysts

While on one hand the Budget proposed to increase the FDI limit in the sector to 74 per cent, it also proposed to levy capital gains tax on ULIPs rendering insurance an unattractive investment option

Life insurers play tax-free interest arbitrage game to rev up business

While most insurance schemes aren't tax-free anymore, assured return products are among the few exceptions

Standard Life cuts 1.38% stake in HDFC Life, raises Rs 1,720 crore

Following the share sale, Standard Life's stake in HDFC Life declined to 8.89% Following the share sale, Standard Life's stake in HDFC Life declined to 8.89%

Standard Life sells 27.8 mn shares to prune stake in HDFC Life to 8.89%

Deal struck at Rs 619.25 a share, raising Rs 1,720 cr; sale represents 1.38 per cent stake

HDFC Life's PAT rises 5.6% to Rs 326 cr in Q2, net premium income up 35%.

The insurer also saw a 15% rise in first year premium in Q2FY21 at Rs 1,675.15 crore, compared to Rs 1,452.72 crore in the corresponding period last year

MARKET WRAP: Sensex surges 449 points on buying in financial, FMCG counters

All that happened in the markets today

Weekly stock picks by Religare Broking: Buy Berger Paints, HDFC Life

Berger Paints has resumed the uptrend and is currently trading at its record high. Indications are in the favor of prevailing momentum to extend upside further

We expect equity returns to be muted in next 12 months: CIO, HDFC Life

We are taking a balanced approach towards sectors and hence there is no big call on any particular sector, says Prasun Gajri, Chief Investment Officer, HDFC Life

HDFC Life enters into partnership with YES Bank to sell insurance policies

HDFC Life and YES Bank Limited entered into a corporate agency (CA) arrangement.