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HDFC Life reports a 15.5% rise in Q2 net profit on higher premium

HDFC Life reports a 15.5% rise in Q2 net profit on higher premium

by AIP Online Bureau | Oct 13, 2023 | Indian News, Life

“Despite the recent budget changes that were perceived to be unfavourable for the sector, the life insurance industry has demonstrated remarkable resilience,” HDFC Life’s CEO Vibha Padalkar said Mumbai: India’s HDFC Life Insurance Company...
HDFC Life reports a 15.5% rise in Q2 net profit on higher premium

HDFC Life Q1 profit rises 15 pc to Rs 415 cr

by AIP Online Bureau | Jul 21, 2023 | Indian News, Life

Vibha Padalkar,chief executive and managing director, HDFC Life The company’s value of new business, which is the value of the future profits of policies sold in the quarter, grew 18 per cent to Rs 610 crore, which Padalkar claimed is more than 1.5x the average...

HDFC buys HDFC Life shares worth over Rs 992 cr

by AIP Online Bureau | Jun 28, 2023 | Indian News, Life, Regulation

In April, the Reserve Bank allowed HDFC Bank or HDFC to increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent before the effective date of the merger Mumbai: Mortgage financier HDFC Ltd on Tuesday picked up...

HDFC Life ties-up with Aavas Financiers for selling insurance products

by AIP Online Bureau | Jun 27, 2023 | Briefs, Life

HDFC Life has tied-up with Aavas Financiers Ltd, a leading housing finance company to provide credit financing services. Customers of Aavas will now have access to a wide range of HDFC Life’s insurance products including coverage for home loans and Loans Against...
GST Scam: HDFC Life gets Rs 942-crore demand notice, CBIC probes more insurers

GST Scam: HDFC Life gets Rs 942-crore demand notice, CBIC probes more insurers

by AIP Online Bureau | Jun 24, 2023 | Indian News, Life, Policy, Regulation

The matter relates to the claim of input tax credit against supply of services, which the GST authority believes are ineligible for such claims The D-G of GST Intelligence is currently probing large number of insurance companies and several of their intermediaries and...
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