|
10 Sep 2025 |
HDFC Life Insurance
|
Consensus Share Price Target
|
775.45 |
868.55 |
- |
12.01 |
buy
|
|
|
|
|
24 Jul 2023
|
HDFC Life Insurance
|
ICICI Securities Limited
|
775.45
|
753.00
|
653.15
(18.72%)
|
|
Buy
|
|
|
We like HDFC Life (HDLI) from the perspective of volume tailwinds of better growth expectations in bancassurance segment (increased collaboration with parent bank) as well as better growth from agency segment (fruition of Exide Life acquisition).
|
|
22 Jul 2023
|
HDFC Life Insurance
|
BOB Capital Markets Ltd.
|
775.45
|
700.00
|
647.30
(19.80%)
|
Target met |
Hold
|
|
|
Key overhang dispelled with consummation of HDFC-HDFC Bank merger and parent's stake raise to >50%
|
|
27 Apr 2023
|
HDFC Life Insurance
|
ICICI Direct
|
775.45
|
570.00
|
517.85
(49.74%)
|
Target met |
Hold
|
|
|
|
|
27 Apr 2023
|
HDFC Life Insurance
|
SMC online
|
775.45
|
|
517.85
(49.74%)
|
|
Results Update
|
|
|
|
|
27 Apr 2023
|
HDFC Life Insurance
|
Motilal Oswal
|
775.45
|
610.00
|
517.85
(49.74%)
|
Target met |
Neutral
|
|
|
|
|
27 Apr 2023
|
HDFC Life Insurance
|
ICICI Securities Limited
|
775.45
|
752.00
|
517.85
(49.74%)
|
|
Buy
|
|
|
HDFC Life (HDLI) reported strong APE and VNB growth of ~37% each in FY23 driven by strong business in Mar’23 on expected lines. FY24E expectations are: ~15% APE growth adjusted for an estimated Rs10bn volume spike seen in Mar’23 with a flattish VNB margin of 28%.
|
|
30 Mar 2023
|
HDFC Life Insurance
|
Motilal Oswal
|
775.45
|
|
495.95
(56.36%)
|
|
Strategy Note
|
|
|
|
|
24 Feb 2023
|
HDFC Life Insurance
|
Geojit BNP Paribas
|
775.45
|
520.00
|
482.85
(60.60%)
|
Target met |
Hold
|
|
|
|
|
23 Jan 2023
|
HDFC Life Insurance
|
SMC online
|
775.45
|
|
589.20
(31.61%)
|
|
Results Update
|
|
|
|
|
23 Jan 2023
|
HDFC Life Insurance
|
ICICI Securities Limited
|
775.45
|
740.00
|
590.55
(31.31%)
|
|
Buy
|
|
|
Growth levers ahead for HDFC Life include: (1) increasing HDFC Bank channel share, and (2) maximising reach in tiers-2/3 cities and beyond with channels like Exide Life India Post Payment Banks / AU Small Finance Bank. Additionally, there is notable improvement in volumes and outlook on retail protection.
|