Industry profile : Basic concept of Insurance is offsetting the Risk. Insurance is basically contract which is readable. There are some types of insurance contracts which if you return to Insurance company, you will receive money against it. But basically insurance is contract which is help you to offset the risk.
Company Profile : The company is leading Life insurance company in India promoted by HDFC and Standard life Aberdeen. It was first private Life insurance company in India. The company is having nearly all types of Life insurance Products.
- Participating Life insurance : An insurance contract that pays dividends to the policy holder. Dividends are generated from the profits of the insurance company that sold the policy and are typically paid out on an annual basis over the life of the policy.
- Non Participating Protection Term : Insurance Contract which do not pay Dividend or Bonus. in simple word Term life insurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term.
- Non participating Protection term Health : Protecting Health issues and covering Expenses of hospital.
- Non Participating Other :
- Unit linked Insurance plan : Its product of combination of Investment and Insurance
Shareholding Pattern : As per DRHP, 61.41 held by HDFC. 34.86% held by Standard Life Mauritius. Remaining is held by public.
Financials and ratios :
|2012 - 13||2013 - 14||2014 - 15||2015 - 16||2016 - 17|
|Premium received in Rs. Cr||11,502.24||12,062.91||14,829.90||16,312.97||19,445.48|
|Income from Investment||2,542.65||5,073.08||12,249.27||1,790.57||11,140.64|
|Net benefits Paid||3,902.84||4,661.92||8,162.38||8,176.90||9,842.18|
|Investment income ratio||22.21%||42.35%||82.97% ( ???)||11.06%||57.79%|
|Return on Equity||20.53%||33.53%||30.90%||26.32%||23.24%|
|FLOTs ( Funds for future appropriation)||343.68||225.86||415.46||705.48||866.78|
Future Prospectus : The company even though having HDFC and Standard Life as promoter and having backing from HDFC bank for bancassurance, Connection from HDFC Mutual funds for selling ULIP is not largest player in insurance. Capital adequacy is much better in ICICI Prudential, Bancassurance is better in SBI Life, SBI life is leader in ULIP and still HDFC standard life is trading at Very high valuation?. In my view the promoter is beyound doubt important but it will not help you in day to day work.
Reader Rating: 0 Votes