Recent Interview of HDFC Life MD & CEO with Money Control highlighted following points:
(1) Persistency in 13th and 61st Month is going up for HDFC Life which is a positive.
(2) ULIP now contributes about 36% which is slightly less than Q1 FY25 but it at elevated level due to Stock Market uptrend as compared to 5-6 years back when it was 25%.
(3) HDFC Life may not launch Health Insurance products even if those are allowed by IRDA. They will continue to increase their current Pie of products, both Par and Non-Par.
(4) HDFC Life has about 16% to 18% returns on their Embedded Value which is reasonable.
(5) Sometimes when Banking stocks do well, Life Insurance stocks do not do that well, since Markets perceive them as Long term stocks.
(6) Even if more FDI is allowed in Insurance Sector, actual investments may not go up as Economics are always not favorable for FDI. They will also look at other opportunities before investing more funds in India.
(7) Customers are slowly buying more Life Insurance policies compared to 2019.
(8) Product Factory and Innovation will be the focus of HDFC Life going forward as they always have launched New products in the past decade, and they would like to continue with Innovation.
Just thought of sharing with wider audience.
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