HDFC Life surges on tying up with CARS24 Financial Services
HDFC Life Insurance Company is currently trading at Rs. 623.35, up by 5.20 points or 0.84% from its previous closing of Rs. 618.15 on the BSE.
The scrip opened at Rs. 616.10 and has touched a high and low of Rs. 625.00 and Rs. 612.35 respectively. So far 10079 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. 650.00 and Rs. 612.35 respectively. The current market cap of the company is Rs. 133979.68 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 Insurance Company has entered into a Corporate Agency tie-up with CARS24 Financial Services. This partnership will enable CARS24 Financial Services to distribute products of HDFC Life to existing and future customers of CARS24.
The life insurance solutions of HDFC Life will be offered across the branches as well as the digital platforms of the partner. Both partners aim to work together with the objective of increasing the reach of life insurance across locations where CARS24 has a presence. This in turn would contribute towards the larger objective of ‘Insurance for all by 2047’.
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.
