HDFC Life gains on collaborating with SATYA to strengthen financial inclusion with life insurance
HDFC Life Insurance Company is currently trading at Rs. 633.20, up by 5.10 points or 0.81% from its previous closing of Rs. 628.10 on the BSE.
The scrip opened at Rs. 625.30 and has touched a high and low of Rs. 634.95 and Rs. 624.20 respectively. So far 25713 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 760.95 on 03-Sep-2024 and a 52 week low of Rs. 511.10 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 634.95 and Rs. 600.50 respectively. The current market cap of the company is Rs. 136433.88 crore.
The promoters holding in the company stood at 50.32%, while Institutions and Non-Institutions held 38.87% and 10.81% respectively.
HDFC Life has been preferred as life insurance partner of SATYA MicroCapital (SATYA), which will help in improving access to life insurance in underserved areas. This collaboration underscores the importance of partnerships in addressing the financial security needs of diverse population and expanding access to life insurance in regions where it is most needed. The partnership seeks to build on SATYA’s existing efforts by introducing life insurance as an additional layer of financial security.
HDFC Life Insurance Company brings a diverse portfolio of products designed to meet the needs of individuals across different demographics, along with a proven record of delivering on its promises, as reflected in a claim settlement ratio of 99.50% for FY24. The partnership aims to align these strengths with SATYA’s grassroots presence and technology-driven approach to reach previously untapped communities.
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.
