HDFC Life Q1 Review - Steady Performance With Minor Blips: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Prabhudas Lilladher Report.HDFC Life Insurance Company Ltd.’s annual premium equivalent of Rs 15.6 billion was slower than expectation with growth of 30% YoY, while margins were steady at 26.2% leading to 40% YoY growth in value of new business at 4.1 billion. The company made a Rs 7.0 billion (including previous reserve of Rs 0.7 billion) or 260 basis points of enterprise value as claim reserving on higher claims from the second wave severity. HDFC Life continues to have a steady product mix, although in Q1 FY22 unit linked insurance plan improved and credit protect bounced back sharply. Focus continues to remain on long term products, while is cautious in near term on protection as profitable underwriting is quite tough. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HDFC Life Q1 Review - Steady Performance With Minor Blips: Prabhudas Lilladher

HDFC Life Q1 Review - Steady Performance With Minor Blips: Prabhudas Lilladher

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