Previous close | 576.40 |
Open | 581.00 |
Bid | 566.00 x 0 |
Ask | 566.10 x 0 |
Day's range | 565.40 - 582.00 |
52-week range | 539.60 - 710.60 |
Volume | |
Avg. volume | 141,186 |
Market cap | 1.217T |
Beta (5Y monthly) | 0.75 |
PE ratio (TTM) | 77.51 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 2.00 (0.35%) |
Ex-dividend date | 20 Jun 2024 |
1y target est | N/A |
India's HDFC Life Insurance Company reported a decline in new business margin for the last financial year on Thursday, pressured by rising customer preference for low-margin products over high-value policies. The value for new business (VNB), the expected profit from new policies, fell 4.7% to 35.01 billion rupees ($419.3 million) for the year ended March 31, dragging VNB margin to 26.3% from 27.6% a year earlier. The continued decline in high-value policies due to the government's move to tax total returns and a rising share of low-margin unit-linked insurance plans (ULIPs) will lead to compressed VNB margins for life insurers, analysts said.
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In this article, we will look into the 15 best life insurance companies heading into 2024. If you want to skip our detailed analysis, you can go directly to the 5 Best Life Insurance Companies Heading into 2024. Life Insurance Industry: A Market Analysis Life insurance provides insurance to individuals against the financial repercussions of […]