HDFC Life Insurance Company Ltd (HDFCLIFE)

HDFC Life Insurance Company Ltd up 3.33% on NSE - 24 Jul, 2024

HDFC Life Insurance Company Ltd stock is up 3.33% on the day and has risen around 12.6% in last one month. The PE of the stock is 85.03 based on TTM earnings ending June 24.

HDFC Life Insurance Stock Surges Ahead of Union Budget - 23 Jul, 2024

Ahead of the Union Budget 2024-25, insurance stocks, including HDFC Life, surged up to 2%. Market experts believe that the budget will contain positive triggers for life insurance businesses. HDFC Life Chairperson Keki Mistry said the budget was very progressive and kept more money in people's hands.

Income Tax Rectification Order Reduces HDFC Life's Tax Demand - 22 Jul, 2024

The Assistant Commissioner of Income Tax in Mumbai has issued an income tax rectification order that reduces HDFC Life Insurance Company Ltd's tax and interest demand for the assessment year 2020-21 from Rs 4,178.8 crore to Rs 1,868.12 crore.

HDFC Life May Consider Composite License Option - 18 Jul, 2024

HDFC Life Insurance may consider a composite license option if it becomes available when the rules are framed and the law is in place.

HDFC Life Receives Buy Rating from Religare Retail Research - 17 Jul, 2024

Religare Retail Research has recommended buying HDFC Life Insurance Company with a target price of Rs 742, valuing the company at 2.65x its FY26E embedded value per share.

HDFC Life Reports Strong Q1 Results - 16 Jul, 2024

HDFC Life reports strong Q1FY25 results with net profit up 14.9% YoY. Brokerages remain bullish on the stock despite margin contraction due to product mix changes. The company is confident of doubling VNB over the next four years backed by APE growth. Management plans to review its restructuring model for distributor remuneration after IRDAI issues draft norms on surrender value.

HDFC Life Reports Strong Q1 Results and Plans Fundraising - 15 Jul, 2024

HDFC Life Insurance Company Ltd reports strong Q1 results with a 15% YoY growth in standalone net profit, rise in premium income, and new business premium. The company also plans to raise funds through issuance of NCDs. HDFC Life's chairman suggests regulator may implement risk-based supervision model.

HDFC Life Expected to Report Strong Q1 Results - 12 Jul, 2024

HDFC Life is projected to see double-digit growth in net profit and a surge in gross premium income for Q1FY25. The value of new business (VNB) is also set to rise, but VNB margins may face compression due to higher payouts and investment in low tickets.

HDFC Life Increases Premiums on Term and Health Insurance Policies - 10 Jul, 2024

HDFC Life has increased its term insurance premiums by 4-7% due to various factors. Additionally, the company is expected to raise health insurance premiums by 15-18%, which led to a 2% increase in share prices. The insurer also raised term insurance premiums by 10% for those over 60.

HDFC Life Insurance Sees Growth in Q1FY25 - 09 Jul, 2024

HDFC Life Insurance reports an increase in New Business Premium and Total Annualized Premium Equivalent in Q1FY25. Analysts recommend buying with a target price of Rs 819.

HDFC Life Reports Strong Performance and Bullish Breakout - 08 Jul, 2024

HDFC Life Insurance Company Ltd reports strong performance in premium and APE, while also giving a bullish breakout on the weekly chart with an upside target of Rs 660.

HDFC Life Insurance Receives GST Order for Tax and Penalty - 01 Jul, 2024

HDFC Life Insurance has received a GST order demanding a tax and penalty of Rs 132.7 crore from the Joint Commissioner, CGST & Central Excise, Thane Commissionerate, Maharashtra.

HDFC Life Insurance Receives Tax Demand of Rs 1,495.17 Crore - 29 Jun, 2024

The Income Tax Department has demanded HDFC Life Insurance to pay Rs 1,495.17 crore for the assessment year 2021-22, including interest of Rs 592.41 crore. The company is filing a rectification application before the Tax Authority, and after the order is passed, the revised tax demand is expected to be approximately Rs 1,141.09 crore. The authorities found that the company had not included Negative Reserves in the taxable surplus, classified shareholders net investment income as income from the life insurance business rather than Income from Other Sources, and incorrectly claimed contributions from shareholders as deductions when calculating shareholders profit.

HDFC Life Receives Tax Demand Worth Over Rs 2,000 Crore - 28 Jun, 2024

HDFC Life Insurance has received an income tax order worth Rs 2,087.58 crore including interest for AY2021-22. The company will appeal before the higher judge. HDFC Life also received a tax demand of Rs 1,495.17 crore for AY2021-22, which it claims was calculated incorrectly. Additionally, the insurer reported a jump in standalone net profit by 14.77% to Rs 411.66 crore in Q4 FY24. On another note, HDFC Life launched the Bridge the Gap campaign to increase life insurance awareness.

HDFC Life Insurance Stock Shows Signs of Potential Trend Reversal - 27 Jun, 2024

HDFC Life Insurance stock has recorded a breakout from a trend reversal pattern and rebounded higher with strong volumes. It has support from its short-term moving average, indicating momentum is in place. Traders can consider initiating fresh long positions.

HDFC Life Insurance to See Sustained Momentum in June - 26 Jun, 2024

Nirmal Bang expects HDFC Life Insurance's momentum to continue in June, driven by growth in tier 2/3 markets and regional partnerships. While Credit Protect may remain soft, NPAR volume is seeing a pick-up on the back of Click 2 Achieve. The company has guided for an impact of ~100bps on FY25 VNB margin due to higher surrender pay-outs on early exits.

ICICI Direct Research Gives Buy Call on HDFC Life Insurance June Futures - 25 Jun, 2024

ICICI Direct Research has given a buy call on HDFC Life Insurance June futures with a target share price of Rs 630 apiece and advised investors to keep stop loss at Rs 574.9. However, the brokerage firm has given a sell call on Titan June futures with a target share price of Rs 3,260 and advised investors to initiate a sell position on the stock in the derivatives segment.