HDFC Life Insurance Company Limited, founded in 2000, is a prominent provider of life insurance solutions. Annuity, Savings, Investment, Pension, Protection, and Health insurance are among the many solutions it offers.
HDFC Life was a joint venture between Housing Development Financing Corporation Limited (HDFC Ltd, which was later merged into HDFC Bank), and United Kingdom’s top financial services company Standard Life Aberdeen plc.
How it all went:
In 2001, HDFC Life began its journey as India’s first private life insurer.
Within 7 years of its incorporation (i.e. 2007), HDFC Life Insurance had issued an impressive 5 lakh policies, showcasing its rapid growth. In 2009, the company expanded its offerings by introducing Criticare and Surgicare, its first products in the health segment.
In 2010, a significant rebranding took place, and the company emerged as ‘HDFC Life’ with a fresh logo and identity. During this period, its Total Assets Under Management (AUM) exceeded ₹ 20,000 crore.
The year 2011 marked another milestone when HDFC Life established HDFC Pension as a subsidiary entrusted with managing the pension fund.
In 2014, HDFC Life diversified its channels by launching new ones, including Defence and DSC. The AUM reached an impressive ₹ 50,000 crore.
In 2016, the company expanded internationally by incorporating its first subsidiary in the UAE.
It was publicly listed in 2017, further establishing HDFC Life’s position in the market. In 2019, it was renamed to “HDFC Life Insurance Company Limited”.
Then, 2022 marked a significant milestone as HDFC Life acquired Exide Life which was the first-ever merger and acquisition in the Indian Life Insurance sector.
In 2023, HDFC Life, for the second consecutive year, featured in the ‘Leadership’ list of the Indian Corporate Governance Scorecard, attesting to its commitment to sound governance practices.
HDFC Life has a solid nationwide footprint, with an extensive network of branches and strong partnerships including partnerships with NBFCs, Banks, MFIs, and new ecosystem partners.
Insurance is a growing but under-penetrated sector in India – and HDFC Life is one of the leading players with a potentially great future.
HDFC Life Share Price History
| Year | Share Price | Gain / Loss |
|---|---|---|
| IPO | ₹ 290.00 | |
| Listing | ₹ 344.00 | + 18.6% |
| 2017 | ₹ 371.00 | + 7.8% |
| 2018 | ₹ 387.00 | + 4.3% |
| 2019 | ₹ 626.00 | + 61.8% |
| 2020 | ₹ 677.00 | + 8.1% |
| 2021 | ₹ 650.00 | - 4.0% |
| 2022 | ₹ 566.00 | - 12.9% |
| 2023 | ₹ 646.20 | + 14.2% |
| 2024 | ₹ 685.35 | + 6.1% |
HDFC Life Share Price Chart
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HDFC Life Stock Calculator
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The HDFC Life calculator will tell you the value of your HDFC Life investment in 2024.
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- During 2017, the share price of HDFC Life was ₹ 290.
- If you had bought shares worth ₹ 2500 in 2017, you would have 86 shares today.
- At the end of 2024, the current value of your shares would be ₹ 59082.
HDFC Life Stock Returns Comparison
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