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The Wire
a day ago
- Business
- The Wire
BSE Limited Felicitates HDFC Life Commemorating the Life Insurer's 25th Anniversary of Incorporation
Mumbai, Maharashtra, India (NewsVoir) HDFC Life, one of India's leading life insurers, celebrated its 25th anniversary of incorporation, today. To commemorate this occasion, Ms. Radha Kirthivasan - Head Listing & SME at BSE Limited, met and congratulated Mr. Vineet Arora - Executive Director and Chief Business Officer, HDFC Life, along with Mr. Narendra Gangan – General Counsel & Chief Compliance Officer, HDFC Life and Mr. Nagesh Pai, Company Secretary and Compliance Officer, HDFC Life, at a ceremony that took place in the Mumbai head office of the life insurer. HDFC Life was established on 14th August, 2000. Over the last 25 years the Company has achieved many milestones and has become one of the leading life insurers in the country. Among the key ones is the successful IPO in 2017, to become a listed company, which was subscribed over 3.8 times. On 17th November, 2017, the company's shares were listed on BSE Ltd. and the National Stock Exchange of India (NSE India) Ltd. The company has built a legacy of trust and continues to secure lives as it continues its journey in sync with the life insurance industry's collective goal of 'Insurance for All by 2047'. Congratulating HDFC Life, Mr. Sundararaman Ramamurthy, Managing Director and CEO, BSE Ltd., said, 'This silver jubilee milestone reflects the company's steadfast dedication towards insurance penetration and empowering financial resilience across the nation. BSE Ltd. celebrates contributions of the organisation that empower and lead the growth path for a secured and Viksit Bharat.' Speaking on this milestone, Mr. Vineet Arora – Executive Director and Chief Business Officer, HDFC Life, commented, "This is a special day for us as it marks 25 years of our incorporation. We sincerely thank BSE Ltd. for their wishes on this occasion. As India's first private life insurer, our journey has been full of achievements. The trust that our customers have reposed in us over the years has been and will continue to be our driving force. With our focus on customers, innovative products and a large number of partners and agents, we are taking life insurance to customers beyond the top markets, thus deepening our reach in Tier 2 and Tier 3 cities. We are committed to the vision of 'Insurance for All by 2047'." In FY'25, HDFC Life insured over 50 million lives, reaching Indians across diverse locations. The company has maintained a consistently high claim settlement ratio (99.68%* in FY'25). *Death claim settlement ratio for individual life policies About HDFC Life Established in 2000, HDFC Life is a leading, listed, long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity and Health. The Company has over 70 products (individual and group products) including optional riders in its portfolio, catering to a diverse range of customer needs. HDFC Life continues to expand its presence across the country, having a wide reach with branches and additional distribution touch-points through several new tie-ups and partnerships. The count of distribution partnerships is over 500, comprising banks, NBFCs, MFIs, SFBs, brokers, new ecosystem partners amongst others. The Company has a strong base of financial consultants. For more information, please visit You may also connect with us on Facebook, Twitter, YouTube and LinkedIn. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.).
Fashion Value Chain
a day ago
- Business
- Fashion Value Chain
BSE Limited Felicitates HDFC Life Commemorating the Life Insurer's 25th Anniversary of Incorporation
HDFC Life, one of Indias leading life insurers, celebrated its 25th anniversary of incorporation, today. To commemorate this occasion, Ms. Radha Kirthivasan – Head Listing & SME at BSE Limited, met and congratulated Mr. Vineet Arora – Executive Director and Chief Business Officer, HDFC Life, along with Mr. Narendra Gangan – General Counsel & Chief Compliance Officer, HDFC Life and Mr. Nagesh Pai, Company Secretary and Compliance Officer, HDFC Life, at a ceremony that took place in the Mumbai head office of the life insurer. BSE Limited Felicitates HDFC Life Commemorating the Life Insurers 25th Anniversary of Incorporation HDFC Life was established on 14th August, 2000. Over the last 25 years the Company has achieved many milestones and has become one of the leading life insurers in the country. Among the key ones is the successful IPO in 2017, to become a listed company, which was subscribed over 3.8 times. On 17th November, 2017, the company's shares were listed on BSE Ltd. and the National Stock Exchange of India (NSE India) Ltd. The company has built a legacy of trust and continues to secure lives as it continues its journey in sync with the life insurance industrys collective goal of Insurance for All by 2047. Congratulating HDFC Life, Mr. Sundararaman Ramamurthy, Managing Director and CEO, BSE Ltd., said, 'This silver jubilee milestone reflects the company's steadfast dedication towards insurance penetration and empowering financial resilience across the nation. BSE Ltd. celebrates contributions of the organisation that empower and lead the growth path for a secured and Viksit Bharat.' Speaking on this milestone, Mr. Vineet Arora – Executive Director and Chief Business Officer, HDFC Life, commented, 'This is a special day for us as it marks 25 years of our incorporation. We sincerely thank BSE Ltd. for their wishes on this occasion. As Indias first private life insurer, our journey has been full of achievements. The trust that our customers have reposed in us over the years has been and will continue to be our driving force. With our focus on customers, innovative products and a large number of partners and agents, we are taking life insurance to customers beyond the top markets, thus deepening our reach in Tier 2 and Tier 3 cities. We are committed to the vision of Insurance for All by 2047.' In FY'25, HDFC Life insured over 50 million lives, reaching Indians across diverse locations. The company has maintained a consistently high claim settlement ratio (99.68%* in FY'25). *Death claim settlement ratio for individual life policies About HDFC Life Established in 2000, HDFC Life is a leading, listed, long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity and Health. The Company has over 70 products (individual and group products) including optional riders in its portfolio, catering to a diverse range of customer needs. HDFC Life continues to expand its presence across the country, having a wide reach with branches and additional distribution touch-points through several new tie-ups and partnerships. The count of distribution partnerships is over 500, comprising banks, NBFCs, MFIs, SFBs, brokers, new ecosystem partners amongst others. The Company has a strong base of financial consultants. For more information, please visit You may also connect with us on Facebook, Twitter, YouTube and LinkedIn.
Fashion United
4 days ago
- Business
- Fashion United
NEC Birmingham to host India pavilion at Autumn Fair 2025
The Autumn Fair is returning to the NEC Birmingham from September 7-10, 2025, and will feature a new Indian Pavilion that highlights Indian design, craftsmanship, and manufacturing. The fair has partnered with the Federation of Indian Export Organisations (FIEO), India's top trade promotion body, to host 20 carefully chosen Indian exhibitors. These exhibitors will showcase a wide range of products, including homeware, textiles, fashion accessories, and more, with the goal of connecting with UK and European buyers. This initiative is particularly timely given the recent UK and India Free Trade Agreement (FTA), which aims to reduce trade barriers and significantly increase bilateral trade. Commenting on the Indian pavilion, Vineet Arora, deputy director at FIEO, said: 'The Federation of Indian Export Organisations (FIEO), under the Ministry of Commerce, is showcasing India's diverse export capabilities at Autumn Fair 2025, Birmingham. Under the 'Brands from India' banner, 20 Indian companies are exhibiting a wide range of products, home décor, textiles, giftware, fashion accessories, handicrafts, ayurvedic and sustainable goods, highlighting India's design evolution and global competitiveness. This participation gains strategic importance following the India and UK FTA, which ensures duty-free access for 99% of Indian exports and is expected to double bilateral trade to $120 billion by 2030.'" The Indian Pavilion will feature companies like Agnes Bags and Gloster Limited, which offer eco-friendly jute and cotton bags; Neela Home & Prakash Cotton Mills and Sai Exports, which specialise in elegant bedsheets and home furnishings; and Arnika Fashion Private Limited, which will display handloom sarees and silk shawls. Other exhibitors include Priniv, with its sustainable wooden toys, and Chopra Musicals, which will showcase handcrafted musical and nautical décor. Haida Tribal Ayurvedic and Handicrafts will introduce authentic Ayurvedic hair oil and indigenous crafts, while Power Weave Studio, Buta Bati, and By Bindu Goyal will present stylish apparel and accessories. Ankit Exports, S.B Highseas Private Limited, and Ambika Industries will also be on hand with functional kitchen and lifestyle products. In addition to the main pavilion, other Indian exhibitors will be located throughout the show. These include Silvex Images India, with its handcrafted silver jewelry; Maharaja Arts Palace and Darsh International, showcasing traditional handicrafts; and Haily Exports, offering high-quality fashion accessories. Lakshya Gems will display semi-precious gemstones and jewelry, while El Estilo will feature soffit panels and charcoal louvers for interior decoration. This significant Indian presence at Autumn Fair 2025 will provide a great opportunity for buyers to discover new suppliers and form international partnerships, solidifying India's role as a key sourcing hub.
Time of India
15-07-2025
- Business
- Time of India
HDFC Life sees growth outpacing industry despite early-year slowdown
HDFC Life Insurance expects to continue to grow faster amid the expected slowdown in the life insurance industry in the first half (April-September) of this fiscal year. 'I think our view still remains that the industry will be slightly slow for the first half (H1), but we do expect that we will continue to outperform the industry,' said Vineet Arora, Executive Director & Chief Business Officer in a post earnings call with analysts. In the June quarter, the total annualized premium equivalent (APE), a metric of sales growth, rose 12.5% year-on-year to Rs 3,225 crore. This translates into a two-year CAGR of 21%, nearly double of 11% for the industry. According to CareEdge Ratings, the industry slowdown is attributed to the impact of the revised surrender value regulations, which came into effect October 2024, and muted consumer demand. HDFC Life management expects growth to pick up in the second half (October-March) or H2 of the current financial year. 'One is the base effect of last year when the growth in H2 was slower than the growth in H1, so mathematically it should look better. Second, as the fundamentals of the economy move, I think that would be something that we will also have to discover along the way. But so far, we believe that, you know, H2 should be better than H1,' Arora said. Live Events The company's value of new business (VNB) margin stood at 25.1% in April-June, a slight uptick from the previous year of 25%. The management has guided to maintain margins through the year, balancing short-term dynamics with its long-term agenda of sustainable and profitable growth. Niraj Shah, Executive Director & Chief Financial Officer, said that margins are expected to be range-bound this year given that overall growth is expected to be soft. 'Last year, we were talking about 18-20% kind of growth. This year is likely to be lower than that. So, the fixed cost absorption as such, while it will even out through the year, it will still be slightly lower than last year.' He added that there is scope for margin expansion from a three to five years perspective.
Economic Times
15-07-2025
- Business
- Economic Times
HDFC Life sees growth outpacing industry despite early-year slowdown
HDFC Life Insurance expects to continue to grow faster amid the expected slowdown in the life insurance industry in the first half (April-September) of this fiscal year. ADVERTISEMENT 'I think our view still remains that the industry will be slightly slow for the first half (H1), but we do expect that we will continue to outperform the industry,' said Vineet Arora, Executive Director & Chief Business Officer in a post earnings call with analysts. In the June quarter, the total annualized premium equivalent (APE), a metric of sales growth, rose 12.5% year-on-year to Rs 3,225 crore. This translates into a two-year CAGR of 21%, nearly double of 11% for the industry. According to CareEdge Ratings, the industry slowdown is attributed to the impact of the revised surrender value regulations, which came into effect October 2024, and muted consumer Life management expects growth to pick up in the second half (October-March) or H2 of the current financial year. 'One is the base effect of last year when the growth in H2 was slower than the growth in H1, so mathematically it should look better. Second, as the fundamentals of the economy move, I think that would be something that we will also have to discover along the way. But so far, we believe that, you know, H2 should be better than H1,' Arora company's value of new business (VNB) margin stood at 25.1% in April-June, a slight uptick from the previous year of 25%. The management has guided to maintain margins through the year, balancing short-term dynamics with its long-term agenda of sustainable and profitable growth. ADVERTISEMENT Niraj Shah, Executive Director & Chief Financial Officer, said that margins are expected to be range-bound this year given that overall growth is expected to be soft. 'Last year, we were talking about 18-20% kind of growth. This year is likely to be lower than that. So, the fixed cost absorption as such, while it will even out through the year, it will still be slightly lower than last year.'He added that there is scope for margin expansion from a three to five years perspective. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
