Latest news with #VineetArora
Time of India
a day ago
- 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
a day ago
- 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)
Hans India
17-06-2025
- Business
- Hans India
HDFC Life and Digamber Capfin Ltd. Collaborate to Cover Micro Loans and Make Life Insurance Accessible for All
HDFC Life, one of India's leading life insurers and Digamber Capfin Ltd. have come together with the aim of covering micro loans, thereby enhancing financial inclusion. This partnership would enable expanding access to life insurance across underserved regions of India. This association will leverage Digamber Capfin's extensive network across 120 districts in Rajasthan, Madhya Pradesh, Bihar, Uttar Pradesh, Uttarakhand, Haryana, Punjab, Himachal Pradesh and Jammu & Kashmir, thus enabling deeper penetration of life insurance into semi-urban and rural markets. This will give further impetus to the common objective of both organisations - to bridge the financial inclusion gap by reaching diverse and previously untapped communities. The initiative aligns with HDFC Life's commitment to making life insurance accessible to every Indian, thus contributing to the larger goal of financial security and empowerment for all. Speaking on this, Vineet Arora – Executive Director & Chief Business Officer, HDFC Life said, 'We are pleased to collaborate with Digamber Capfin Ltd. The life insurance industry has set out to achieve the goal of 'Insurance for all by 2047'. At HDFC Life, we are endeavoring to achieve this collective goal by enhancing our footprint across geographies. We believe this association will play an important role in insuring individuals, especially those belonging to the economically weaker section of the society, thus securing the future for them and their families.' Speaking on the partnership, Rajiv Jain – Chairman and Managing Director, Digamber Capfin Ltd. said, 'We are extremely delighted to partner with HDFC Life to ensure that every loan extended to underprivileged entrepreneurs gives them social security. This collaboration will provide financial protection to their families in the unfortunate event of the borrower's demise. HDFC Life's strong focus on customer centricity and its simplified, end-to-end processes will enable Digamber Capfin Ltd. to effectively extend insurance coverage to low-income individuals at the bottom of the pyramid.'
United News of India
17-06-2025
- Business
- United News of India
HDFC Life partners with Digamber Capfin Ltd
Mumbai, June 17 (UNI) HDFC Life has partnered with Digamber Capfin Ltd with the aim of covering micro loans, thereby enhancing financial inclusion. This partnership would enable expanding access to life insurance across underserved regions of India. This association will leverage Digamber Capfin's extensive network across 120 districts in Rajasthan, Madhya Pradesh, Bihar, Uttar Pradesh, Uttarakhand, Haryana, Punjab, Himachal Pradesh and Jammu & Kashmir, thus enabling deeper penetration of life insurance into semi-urban and rural markets. This will give further impetus to the common objective of both organisations - to bridge the financial inclusion gap by reaching diverse and previously untapped communities. The initiative aligns with HDFC Life's commitment to making life insurance accessible to every Indian, thus contributing to the larger goal of financial security and empowerment for all. Speaking on this, Vineet Arora, executive director & chief business officer, HDFC Life said, 'We are pleased to collaborate with Digamber Capfin Ltd. The life insurance industry has set out to achieve the goal of 'Insurance for all by 2047'. At HDFC Life, we are endeavoring to achieve this collective goal by enhancing our footprint across geographies. We believe this association will play an important role in insuring individuals, especially those belonging to the economically weaker section, thus securing the future for them and their families.' Speaking on the partnership, Rajiv Jain, chairman and managing director, Digamber Capfin Ltd. said, 'We are extremely delighted to partner with HDFC Life to ensure that every loan extended to underprivileged entrepreneurs gives them social security. This collaboration will provide financial protection to their families in the unfortunate event of the borrower's demise. HDFC Life's strong focus on customer centricity and its simplified, end-to-end processes will enable Digamber Capfin Ltd. to effectively extend insurance coverage to low-income individuals at the bottom of the pyramid.' UNI JS PRS
Fashion Value Chain
17-06-2025
- Business
- Fashion Value Chain
HDFC Life and Digamber Capfin Ltd. Collaborate to Cover Micro Loans and Make Life Insurance Accessible for All
HDFC Life, one of India's leading life insurers and Digamber Capfin Ltd. have come together with the aim of covering micro loans, thereby enhancing financial inclusion. This partnership would enable expanding access to life insurance across underserved regions of India. HDFC Life and Digamber Capfin Ltd. Collaborate to Cover Micro Loans and Make Life Insurance Accessible for All This association will leverage Digamber Capfin's extensive network across 120 districts in Rajasthan, Madhya Pradesh, Bihar, Uttar Pradesh, Uttarakhand, Haryana, Punjab, Himachal Pradesh and Jammu & Kashmir, thus enabling deeper penetration of life insurance into semi-urban and rural markets. This will give further impetus to the common objective of both organisations – to bridge the financial inclusion gap by reaching diverse and previously untapped communities. The initiative aligns with HDFC Life's commitment to making life insurance accessible to every Indian, thus contributing to the larger goal of financial security and empowerment for all. Speaking on this, Vineet Arora – Executive Director & Chief Business Officer, HDFC Life said, 'We are pleased to collaborate with Digamber Capfin Ltd. The life insurance industry has set out to achieve the goal of 'Insurance for all by 2047'. At HDFC Life, we are endeavouring to achieve this collective goal by enhancing our footprint across geographies. We believe this association will play an important role in insuring individuals, especially those belonging to the economically weaker section of the society, thus securing the future for them and their families.' Speaking on the partnership, Rajiv Jain – Chairman and Managing Director, Digamber Capfin Ltd. said, 'We are extremely delighted to partner with HDFC Life to ensure that every loan extended to underprivileged entrepreneurs gives them social security. This collaboration will provide financial protection to their families in the unfortunate event of the borrower's demise. HDFC Life's strong focus on customer centricity and its simplified, end-to-end processes will enable Digamber Capfin Ltd. to effectively extend insurance coverage to low-income individuals at the bottom of the pyramid.'
