HDFC Life Insurance Company


(aswin) #64

For retailers, OFS is 2mrw (Mar 13th). 10% of offer size.


(aerofire) #65

OFS is open now in the retail category in the trading portals.


(virajkhatavkar) #66

OFS price is almost equal to the current market price. What is the use of applying for an OFS if we get a similar price to buy from the market?


#67

In ICICIDIRECT, the floor price in OFS is showing as Rs. 365.2. But the offer price was Rs.357.5. Can someone explain this?


(Marathondreams) #68

It is adjusted based on yesterday’s response received from institutional investors… Please see clarification with * on price of Rs 357.5 as per email received from icici direct…

Quote
Floor price - Rs. 357.5*

*The floor price on exchange may change depending upon the cut off price in the General (HNI) category on March 12, 2019. You are advised to place limit orders on or above the cut off price.
Unquote


#69

Thanks for the update.

Also, for the month of February, the premium collection is slightly lesser than that of last years’ for HDFC LIFE while other companies have posted growth.

The absolute number for the month is still highest among all companies (except LIC of course)

image


(pennywise) #70

Might just be one off cause Embedded value is growing steadily. Let’s see.

https://tijorifinance.com/company/hdfc-standard-life-insurance-company-limited#operationalmetrics

Disc: Invested


(AKGupta) #71

Nice presentation!
Do you know of any primer I can refer to to understand the business? Seems fairly complicated with lots of industry specific terms and definitions!


(virajkhatavkar) #72

The below links should give you a brief starting point and then you can dig down the rabbit hole as much as you want:

  1. https://www.valueresearchonline.com/story/h2_storyview.asp?str=34996&utm_medium=vro.in
  2. https://www.youtube.com/watch?v=QO9E-XkC6Vk

(pennywise) #73

The links posted above are great.

Before investing, I personally wrapped my head around the insurance business by looking at it how you would look at other subscription businesses. So what would matter are subscription revenue per month ( New business premiums per month), Avg revenue per subscriber (Avg revenue per policy holder), stickiness of subscriptions (persistency ratio’s), Current value of all future subscriptions(Embedded value). It’s not completely accurate but I personally found it useful.