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HDFC Standard Life Insurance Company Ltd.

BSE: 540777 Sector: Financials
NSE: HDFCLIFE ISIN Code: INE795G01014
BSE 15:52 | 19 Jan 482.95 -1.00
(-0.21%)
OPEN

488.00

HIGH

490.00

LOW

478.00

NSE 15:58 | 19 Jan 481.50 -3.55
(-0.73%)
OPEN

489.25

HIGH

491.35

LOW

477.00

OPEN 488.00
PREVIOUS CLOSE 483.95
VOLUME 235620
52-Week high 493.75
52-Week low 307.65
P/E 114.44
Mkt Cap.(Rs cr) 97,100
Buy Price 0.00
Buy Qty 0.00
Sell Price 481.80
Sell Qty 20.00
OPEN 488.00
CLOSE 483.95
VOLUME 235620
52-Week high 493.75
52-Week low 307.65
P/E 114.44
Mkt Cap.(Rs cr) 97,100
Buy Price 0.00
Buy Qty 0.00
Sell Price 481.80
Sell Qty 20.00

HDFC Standard Life Insurance Company Ltd. (HDFCLIFE) - Company History

HDFC Standard Life Insurance Company Limited was incorporated as a public limited company at Mumbai on 14th August 2000. The Company obtained the certificate of commencement of business on October 12 2000. Further the Company obtained its certificate of registration from IRDAI to undertake the life insurance business on 23rd October 2000.HDFC Standard Life is one of the most profitable life insurers based on Value of New Business (VNB) margin among the top five private life insurers in India. Besides consistently being among the top three private life insurers in terms of profitability based on VNB margin The Company has also consistently been among the top three private life insurers in terms of market share based on total new business premium. HDFC Standard Life was one of the first private life insurance company to register in India and was established as a joint venture between HDFC (one of India's leading housing finance institutions) and Standard Life Aberdeen plc (one of the world's largest investment companies) initially through its wholly owned subsidiary The Standard Life Assurance Company and now through its wholly owned subsidiary Standard Life Mauritius. Currently The Company has 414 branches across India. The Company has a broad diversified product portfolio covering five principal segments across the individual and group categories namely participating non-participating protection term non-participating protection health other nonparticipating and unit-linked insurance products. The Product portfolio comprises 32 individual and ten group products as well as eight optional rider benefits. In Fiscal 2012 The Company established a wholly-owned subsidiary HDFC Pension to operate the pension fund business under the National Pension System. HDFC Pension is the second largest private pension fund management company in India in terms of assets under management and subscribers in Fiscal 2017. In Fiscal 2016 The Company established a first international subsidiary in the UAE HDFC International to operate the reinsurance business. HDFC International has signed reinsurance treaties for two distinct lines of individual life business and entered into arrangements to offer reinsurance for group and credit life schemes. The Company expects the pension and reinsurance business to help them diversify its sources of revenue and profitability in future.On 21/08/2017 the company filed Draft Red Herring Prospectus and on 27/10/2017 filed Red Herring Prospectus with SEBI for raising Rs. 8695 cr. The Issue dates were from 07/11/2017 to 09/11/2017 with Price Band of Rs. 275 to Rs. 290. The Issue got subscribed 3.83 times leading to its Issue Price being fixed at Rs. 290. The Shares got listed in BSE and NSE on 17/11/2017 at Rs. 311 which is 7.24% above Issue Price.