HDFC Life Insurance Company Ltd. is an Indian life insurance company based in Mumbai, India. It is one of the leading life insurance companies in India, offering a range of individual and group insurance products. HDFC Life Insurance was established in 2000, and is a joint venture between Housing Development Finance Corporation (HDFC) and Standard Life plc. 

The company offers a range of insurance products, including term plans, endowment plans, pension plans, health plans, and more. HDFC Life Insurance is known for its customer service and has a wide network of over 421 branches across the country. It is also one of the few insurance companies to have an online presence.

HDFC Life has been awarded the “Best Life Insurance Company” award for four consecutive years, from 2015 to 2018, by the Economic Times. In 2018, HDFC Life was also awarded the “Most Trusted Life Insurance Brand” by Brand Trust Report. HDFC Life has been consistently ranked among the top three life insurance companies in India by the IRDAI.

Stock History

In November 2005, HDFC Life Insurance Company Ltd went public with an initial public offering (IPO) of 10,000,000 equity shares at a price of Rs. 85 per share. The IPO was oversubscribed by more than 17 times. In December 2006, the company launched its second IPO, which was oversubscribed by more than 10 times. 

In October 2007, HDFC Standard Life Insurance Company Limited was listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The share price of the stock has risen steadily since then. In 2009, the company launched ULIPs (unit-linked insurance plans) and made them the most popular investment scheme in India. In the same year, the company also launched its first pension plan. 

In 2011, HDFC Standard Life Insurance Company Limited became HDFC Life Insurance Company Limited after Standard Life Aberdeen exited the joint venture. In 2017, the company acquired Max Life Insurance, making it the largest private sector life insurer in India. In 2020, the company launched the country’s first digital insurance plan, HDFC Life Click2Protect Plus. 

HDFC Life Insurance Company Limited has achieved significant growth since its listing in 2007, and its share price has risen from Rs. 85 in 2005 to Rs. 605.50 in 2023. As of January 20, 2023, the stock price of HDFC Life Insurance Company Ltd is 605.50 INR. 

HDFC Life Insurance Company Ltd in recent news

➤HDFC Life Insurance Company Limited’s stocks are mainly acquired by public companies while institutions holds around 26%

➤HDFC Life Insurance Company Ltd gains for fifth session

How to buy HDFC Life Insurance Company Ltd shares?

HDFC Life Insurance Company Ltd shares can be bought online by opening an online trading account with a stockbroker and trading platform that provides the facility to buy and sell shares. To purchase the shares, investors must first deposit the required amount of money into their trading account, select the HDFC Life Insurance Company Ltd stock, enter the number of shares they wish to buy and submit the order. Once the order is executed, the purchased shares will be credited to the investor’s account.

Some of the online trading platforms are:

Zerodha Click here
Upstox Click here
Groww Click here
AngelOne Click here
ICICIDirect Click here

HDFC Life Insurance Company Ltd Share Price Prediction 2023 to 2030

HDFC Life Insurance Company Ltd Share Price Target 2023 is ₹828.62

When Maximum Price Minimum Price
January 2023 ₹605.50 ₹445.25
February 2023 ₹617.61 ₹475.08
March 2023 ₹463.21 ₹356.31
April 2023 ₹509.53 ₹391.94
May 2023 ₹424.61 ₹326.62
June 2023 ₹509.53 ₹391.94
July 2023 ₹611.43 ₹470.33
August 2023 ₹672.58 ₹517.37
September 2023 ₹706.21 ₹543.24
October 2023 ₹672.58 ₹517.37
November 2023 ₹739.84 ₹569.10
December 2023 ₹828.62 ₹637.40

The per share price of the HDFC Life Insurance Company Ltd for 2023 might reach around ₹828.62 as the HDFC Life Insurance Company Ltd is a publicly traded company. Therefore, we can assume that the share price will continue to increase over the next few years.

HDFC Life Insurance Company Ltd Share Price Target 2024 is ₹1,160.10

When Maximum Price Minimum Price
January 2024 ₹872.23 ₹670.94
February 2024 ₹980.03 ₹816.69
March 2024 ₹1,031.61 ₹838.71
April 2024 ₹937.83 ₹721.41
May 2024 ₹781.52 ₹601.17
June 2024 ₹937.83 ₹721.41
July 2024 ₹797.15 ₹617.95
August 2024 ₹876.87 ₹695.93
September 2024 ₹920.71 ₹708.24
October 2024 ₹1,083.19 ₹833.22
November 2024 ₹1,137.35 ₹874.88
December 2024 ₹1,160.10 ₹892.38

If the value of HDFC Life Insurance Company Ltd share price continues to increase, then the share price of HDFC Life Limited might reach ₹1,160.10 by the end of 2024.

HDFC Life Insurance Company Ltd Share Price Target 2025 is ₹1,407.22

When Maximum Price Minimum Price
January 2025 ₹1,183.30 ₹910.23
February 2025 ₹1,245.58 ₹958.14
March 2025 ₹1,307.86 ₹1,006.04
April 2025 ₹1,167.73 ₹898.25
May 2025 ₹1,061.57 ₹816.59
June 2025 ₹1,167.73 ₹898.25
July 2025 ₹1,112.12 ₹855.48
August 2025 ₹1,158.46 ₹891.12
September 2025 ₹1,216.39 ₹935.68
October 2025 ₹1,289.37 ₹991.82
November 2025 ₹1,379.62 ₹1,061.25
December 2025 ₹1,407.22 ₹1,082.47

We can assume that the HDFC Life Insurance Company Ltd share price might reach ₹1,407.22 by the end of 2025.

HDFC Life Insurance Company Ltd Share Price Prediction 2026-2030

Year Maximum Price Minimum Price
2026 ₹985.05 ₹689.54
2027 ₹837.29 ₹586.11
2028 ₹1,507.13 ₹1,054.99
2029 ₹3,095.88 ₹2,167.11
2030 ₹3,447.68 ₹2,413.38

The share price of HDFC Life Insurance Company Ltd is likely to be higher in the forecast period of 2026-2030. The company is likely to benefit from the increased demand for life insurance and the improved economic outlook in India. The company is also likely to benefit from the introduction of new products and services that it plans to launch in the near future. 

It is expected that the share price of HDFC Life Insurance Company Ltd might reach around ₹3,447.68 by the end of 2030.

HDFC Life Insurance Company Ltd Financial Condition: Last 5 years

Narration Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Trailing Best Case Worst Case
Sales         32,245.86     38,359.88     29,350.54     71,447.43     65,401.78     59,837.79   78,131.65   60,338.50
Expenses         31,169.84     37,517.04     28,210.52     70,210.88     64,730.73     58,972.20   76,698.95   59,465.67
Operating Profit           1,076.02           842.84       1,140.02       1,236.55           671.05           865.59     1,432.71         872.83
Other Income               281.48           506.14           367.26           441.95           745.97           631.84                     –                       –  
Depreciation                     44.45             45.20             46.50             50.61             52.38                       –                       –                       –  
Interest                     10.76             13.89                         –                           –                           –                         –                       –                       –  
Profit before tax           1,302.29       1,289.89       1,460.78       1,627.89       1,364.64       1,497.43     1,432.71         872.83
Tax               193.29             13.09           165.51           267.78           156.95           180.01 12% 12%
Net profit           1,109.00       1,276.79       1,295.27       1,360.10       1,207.69       1,317.42     1,260.48         767.91
EPS                       5.51               6.33               6.42               6.73               5.72               6.13             5.86             3.57
Price to earning                     82.44             59.81             68.79           103.44             94.15             98.80           98.80           84.57
Price               454.45           378.50           441.35           696.20           538.20           605.65         579.47         302.17
RATIOS:
Dividend Payout 24.67% 25.75% 0.00% 30.01% 29.74%
OPM 3.34% 2.20% 3.88% 1.73% 1.03% 1.45%

FAQS

Will the share price of HDFC Life Insurance Company Ltd grow in 2023?

Yes, according to the trend the share price of HDFC Life Insurance Company Ltd will grow and reach ₹828.62 by the December of 2023.

What is the price prediction for HDFC Life Insurance Company Ltd for 2030?

Looking at the strong market presence of HDFC Life Insurance Company Ltd , the per share price might reach ₹3,447.68 around by the end of 2030.

What is the current market condition of HDFC Life Insurance Company Ltd Stock?

At the current time, the HDFC Life Insurance Company Ltd share price is trading at ₹605.50 with a market capitalisation of 1.30 trillion INR.

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Conclusion

HDFC Life Insurance Company Ltd has a bright future ahead with a potential to increase its share price target in the next decade. The company is focused on providing innovative products, strong customer base, and reliable services, which will be beneficial in terms of its share price target in the long run. It is expected that the stock will increase steadily over the years 2020-2030, with a potential for further increase in the future.

 

Topics #HDFC Life #Insurance #trading