HDFC Standard Life is India’s leading life insurance company promoted by HDFC. The company has been steadily increasing market share from PSU and other private insurance companies. Strong brand, large and deep distribution network of the HDFC group and increased acceptance of private insurance policies by customers are key strengths. HDFC Standard Life is a secular growth story which is why we have an over weight rating despite high Covid provisioning in recent quarter. The present trend of financialization of savings benefits the company. Regulatory changes are risks which must be considered. Long term benefits for insurance is greater post such a health calamity and that may lead to increased demand. Also the business has strong annuity revenues which increase steadily over time – 26-07-2021 Price: 663.10 Rating: Over Weight Recommendation: Buy
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