Private life insurance company HDFC Standard Life Insurance may declare a dividend soon, according to an investor presentation by Standard Life, the UK-based joint venture partner of the company. "Company can now declare dividend," said the UK arm in the presentation recently made to its investors.
The presentation mentioned that HDFC Life has established market out-performance consistently over the past 2 years. It added that the Indian life insurance industry in poised for long term growth and HDFC Life is best positioned to take advantage of the market opportunity.
According to the presentation, the number of policies grew by 26% in first half of financial year 2013 versus first half of financial year 2012. "Policy term enhanced to 13.2 years in H113 vs. 11.5 years in H112," it further noted.
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