Motilal Oswal: HDFC Life’s Premium Growth Steady; Persistency Rates Showing Recovery  
A person fills forms. (Photographer: Akio Kon/Bloomberg)

Motilal Oswal: HDFC Life’s Premium Growth Steady; Persistency Rates Showing Recovery  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

HDFC Standard Life Insurance Company Ltd. reported improvement in new business annual premium equivalent, led by individual protection/participating and group savings business while the trend in unit linked insurance plans remained weak in Q2 FY21.

Value of new business (VNB) margins improved to 25.6% led by rise in retail protection/annuity business and cost control.Thus, Absolute VNB grew 22% YoY during Q2 FY21.

On the persistency front, better trends were witnessed in the participating/protection business, and thus, 13th/25th month persistency improved by 200 basis point/400 basis point.

Overall, shareholders’ profit after tax grew approximately 6% YoY to Rs 3.3 billion during Q2 FY21.

Click on the attachment to read the full report:

Motilal Oswal HDFC Life Q2FY21 Result Update.pdf

DISCLAIMER

This 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 brokerage 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.