HDFC Life Insurance gains on entering into bancassurance tie-up with South Indian Bank
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HDFC Life Insurance Co is currently trading at Rs. 642.00, up by 2.65 points or 0.41% from its previous closing of Rs. 639.35 on the BSE.
The scrip opened at Rs. 640.35 and has touched a high and low of Rs. 642.25 and Rs. 639.00 respectively. So far 19693 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 775.65 on 02-Sep-2021 and a 52 week low of Rs. 627.00 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 644.90 and Rs. 630.10 respectively. The current market cap of the company is Rs. 130011.83 crore.
The promoters holding in the company stood at 53.81%, while Institutions and Non-Institutions held 36.79% and 9.40% respectively.
HDFC Life Insurance Company has entered into bancassurance tie-up with South Indian Bank. The said tie up will enable customers of South Indian Bank to avail HDFC Life’s life insurance products, including solutions for protection, savings and investment, retirement and critical illness.
Bancassurance is an arrangement between insurance company and bank allowing the insurance company to sell its products to the bank's client base.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
