The insurer's profit after tax rose to 365 crore rupees ($44.02 million) for the three months ended Dec. 31 from 315 crore rupees a year earlier
Policybazaar table lists pension offers of various financial companies
For the April-Sep period, net profit increased 15 per cent year-on-year to Rs 792 crore on the back of a healthy back book surplus
HDFC Life may see stronger momentum as merger synergies kick in
On July 1, housing finance major HDFC completed the reverse merger with its subsidiary HDFC Bank
The massive changes taking place on the regulatory front in the insurance space will help in ease of doing business, encourage development of longer-term products and improve persistency, thereby creating value for customers, according to HDFC Life Chairman Deepak Parekh. Addressing the company's 23rd annual general meeting, Parekh, who till June 30 was the chairman of HDFC which got merged with HDFC Bank, said several changes that the regulator Irdai is proposing would enhance insurance penetration, facilitate sustainable growth and ease the operating environment. The regulator has already introduced use and file regime for faster product launches and revised the expenses of management and commission guidelines to provide greater flexibility to companies to manage their cost structures. These regulations will increase the ease of doing business, encourage development of longer-term products, improve persistency, thereby creating value for customers, Parekh said. Further, he said
Further, granting of composite licenses, enabling distribution of other financial products by insurers
The absence of the leadership from HDFC is likely to make the integration process smoother and faster as the leadership from the HDFC bank will drive the process
A wonderful Wednesday for Dalal Street as markets touch fresh life-time highs! The benchmark indices the S&P BSE Sensex hit a record high of 64,000-mark, while Nifty50 claimed an all-time high. >
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Chris Wood has added Axis Bank and increased holding in Larsen & Toubro in India long-only portfolio Asia ex-Japan, excludes ICICI Lombard General Insurance.
2.31 million policyholders are eligible for this bonus
The first year premium during the first quarter was Rs 4467 crore as compared to Rs 2575 crore - an increase of 73.5%
The Mumbai-based insurer said its standalone profit after tax rose a marginal 0.3% to Rs 359 crore for the quarter ended March 31
CLOSING BELL: There were 21 gainers of the 30-pack index, and 33 on the 50-pack index, led by Power Grid, Nestle India, Tata Consumer Products, IndusInd Bank, L&T, HCL Tech, Tata Motors, SBI Life, HUL
Time remains a crucial component to harness the power of compounding, also investing in the right investment tool remains equally important. Read on to find out more.