HDFCLIFE · NSE · Life Insurance
HDFC Life Insurance Company Ltd
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Financial Services
dear
low confidence
No valuation within 120 days; P/E 60.8 vs peers 39.6 (8th of 12); P/B 7.2 vs peers 4.8 (9th of 12).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model
What is HDFC Life Insurance Company's share price today?
HDFC Life Insurance Company last traded at ₹559.25 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.5% on the day, down 25.4% over a year. Its 52-week range is ₹509 to ₹788. The live price is in the app.
₹559.25
+0.5% today
−25.4% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range18% of the way up
Low ₹509High ₹788
What is HDFC Life Insurance Company's market cap?
HDFC Life Insurance Company's market capitalisation is about ₹1.21 lakh crore: what it would cost to buy every share at today's price. That makes it the 80th largest large cap company we cover.
₹1.2 L Cr
Large Cap80th largest large cap company
Share price₹559.25
×
Shares in issue216 crore
=
Market cap₹1.2 L Cr
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: HDFCLIFE
- ISIN
- INE795G01014
- Cap bucket
- Large Cap, 80th largest by market cap
- Industry (NSE)
- Financial Services › Insurance › Life Insurance
- Listed since
- 2017
- Futures and options
- Traded
Is HDFC Life Insurance Company overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 60.8 vs peers 39.6 (8th of 12); P/B 7.2 vs peers 4.8 (9th of 12).
Valuation
Latest price and trailing 12 months
P/E
60.77
vs peers 39.6 · 8th of 12
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
7.20
vs peers 4.8 · 9th of 12
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹1.21 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
0.4%
vs peers 1.3% · 4th of 5
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
5.34
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is HDFC Life Insurance Company a quality business?
CLEAN on 8 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
Not available
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
CLEAN
8 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: latest typed accounts older than two years; nothing computed from them; not a lender: no NIM, asset quality, credit cost or loan growth
Net interest margin
Not available
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
Not available
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
Not available
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
Not available
Profit as a share of average total assets. Learn more →
CET1 ratio
Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
Not available
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has HDFC Life Insurance Company made money for shareholders?
Not over these periods: −25.4% over one year and −6.3% a year over five years.
Shareholder returns
5-year return
−6.3% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
Yes
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
+4.8%1M
+7.9%3M
−2.9%6M
−10.1%1Y
−25.4%3Y
−5.5%5Y
−6.3%Does HDFC Life Insurance Company pay a dividend?
Yes. HDFC Life Insurance Company's dividend yield is 0.36% at the latest price; the last payout was ₹2.10 a share, ex-dividend 19 Jun 2026.
Dividends
Per share, by ex-dividend date
Dividend yield0.36%
The past 12 months' dividends as a share of today's price.
19 Jun 2026 · Final₹2.10
20 Jun 2025 · Final₹2.10
21 Jun 2024 · Final₹2.00
16 Jun 2023 · Final₹1.90
31 May 2022 · Final₹1.70
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is HDFC Life Insurance Company growing?
Revenue 3 years 11.7% a year; eps 3 years 11.4% a year; revenue 5 years 9.0% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
Not available
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
11.7% a year
vs peers 12.3% · 7th of 12
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
11.4% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
9.0% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
5.7% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did HDFC Life Insurance Company do last quarter?
HDFC Life Insurance Company reported income of ₹33,930 Cr, up 2.6% on a year earlier and a net profit of ₹611 Cr, up 5.6% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹33,930 Cr
+2.6% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹611 Cr
+5.6% on a year earlier
What was left for shareholders after every cost and tax.
How does HDFC Life Insurance Company compare with its peers?
Compared with 11 Insurance (the industry, as the basic industry was too small); 8th of 12 on P/E.
Compared with 11 Insurance (the industry, as the basic industry was too small)
11 companies
- HDFC Life Insurance Company Ltd (this page)
- Life Insurance Corporation of India
- SBI Life Insurance Company Ltd
- ICICI Lombard General Insurance Company Ltd
- ICICI Prudential Life Insurance Company Ltd
- General Insurance Corporation of India
- Max Financial Services Ltd
- Star Health & Allied Insurance Company Ltd
- New India Assurance Company Ltd
- Go Digit General Insurance Ltd
- Niva Bupa Health Insurance Company Ltd
- Canara HSBC Life Insurance Company Ltd
HDFC Life Insurance Company against its peers
Largest 10 of 11 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
HDFC Life Insurance Company Ltd₹1.2 L Cr60.87.211.6%−25.4%
New India Assurance Company Ltd₹26,736 Cr34.70.76.1%−15.1%
Niva Bupa Health Insurance Company Ltd₹14,359 Cr81.73.43.0%+0.6%
Peer median—39.64.810.9%−12.1%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns HDFC Life Insurance Company?
HDFC Life Insurance Company is held by promoters 50.5%, foreign institutions 19.3%, domestic institutions 20.2%.
Shareholding pattern
Latest filing, percent of shares
Promoters50.5%
The founders and controlling group.
Foreign institutions19.3%
Overseas funds investing through the FPI route.
Domestic institutions20.2%
Indian insurers, banks, pension and mutual funds together.
Mutual funds16.6%
Indian mutual fund schemes; part of domestic institutions.
Retail and others3.6%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about HDFC Life Insurance Company?
33 analysts cover HDFC Life Insurance Company, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
33 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does HDFC Life Insurance Company do and what is it sensitive to?
HDFC Life Insurance Company Limited sells life insurance, annuity and protection products to Indian consumers through a multi-channel distribution network including bancassurance, agency, broker and direct channels. Sensitive to: interest rates.
Business-model card
FY2025 · 53 verified
5Revenue
6Channels
2Regulators
5Reg. dependencies
5Sensitivities
6Costs
4Geographies
HDFC Life Insurance Company Limited sells life insurance, annuity and protection products to Indian consumers through a multi-channel distribution network including bancassurance, agency, broker and direct channels. It earns premiums on participating and non-participating insurance contracts and unit-linked investment plans.
Revenue by segment
Year ended March 31, 2025 (Consolidated)
Participating Life (Individual & Group)19.5%
Participating Pension (Individual & Group)0.6%
Non Participating Life (Individual & Group)39.1%
Non Participating Life Group Variable1.1%
Non Participating Pension (Individual & Group)1.3%
Non Participating Pension Group Variable0.6%
Non Participating –Individual & Group Annuity7.9%
Non Participating - Individual & Group Health0.0%
Unit Linked - Individual Life23.3%
Unit Linked - Individual Pension1.3%
Unit Linked - Group Life4.2%
Unit Linked - Group Pension0.8%
Reinsurance0.2%
Revenue engine
5 verified
Non-Linked Participating segment
Insurance contracts where surplus is shared with policyholders as bonuses (8/9ths) and shareholders (1/9th), with remainder in future appropriation fund
Non-Linked Non-Participating segment
Insurance contracts generating surplus transferred entirely to shareholders' profit account
Unit Linked segment
Investment cum protection plans where returns are directly linked to fund performance and policyholder bears investment risk
2 more statements
Annuity products
Retirement income solutions delivered through Direct channel with enhanced processing and sustained market presence
Group Credit Protect (GCP)
Group life insurance linked to credit products; reinsurance premium ceded increased to ₹1,429 crore in FY 2024-25
Customers & channels
6 verified
Bancassurance channel
Distribution through bank branches, particularly HDFC Bank, serving mass retail customers
Agency channel
Dedicated sales force through branches and agents; added 29,000 agents and 117 branches in FY 2024-25
Direct proprietary channel
Company-owned digital and branch-based platform for cross-selling and upselling to existing customers with trained professionals
3 more statements
Broker and digital partners channel
Third-largest contributor to new business; comprises brokers, corporate agents, IMFs and web aggregators with 40% year-over-year Term growth
Online direct-to-consumer distribution
Digital engagement channel with 9.5 million organic visitors in FY 2024-25 driving brand awareness and purchase intent
Tier 2 and 3 geographies
Non-metro markets contributing 65% of total revenue with retail protection APE growing 1.5 times faster than Tier 1
Regulators
2 verified
IRDAI (Insurance Regulatory and Development Authority)
Primary regulator of insurance products, pricing, commissions, capital structure, licensing and distribution channels in India
RBI (Reserve Bank of India)
Indirectly regulates through investment restrictions and interest rate policy affecting asset values and liability valuations
Regulatory dependencies
5 verified
Expense of Management and Commission caps (2024 Regulations)
IRDAI-set limits on commission payable to intermediaries and total expense-to-income ratios constrain profitability on each premium
Capital and structural regulations (2024)
Minimum solvency ratio and capital structure requirements constrain dividend payout and shareholder returns; relaxed FDI allows foreign entry
Rural and social sector obligations
Mandated minimum share of business in rural and social sectors affects revenue mix and pricing strategies
2 more statements
Relaxed product filing norms
Reduced regulatory barriers to new product entry enable faster innovation but lower pricing power as competition intensifies
100% Foreign Direct Investment (proposed)
Draft Insurance Laws Amendment Bill proposes removing FDI cap, increasing global competition and downward pricing pressure
Sensitivities
5 verified
Interest rates
Lower rates reduce investment returns used to fund future policy liabilities and compress profitability
Food prices and inflation volatility
High inflation erodes real purchasing power and reduces consumer savings available for insurance
Mortality, morbidity and persistency rates
Adverse experience vs assumptions compresses underwriting margins and solvency ratios
2 more statements
Climate and weather events
Flooding, cyclones and temperature extremes increase health-related claims and operational disruption, particularly in Mumbai and coastal cities
Asset market volatility and credit spreads
Adverse movements in equity and bond markets reduce unit-linked fund values and policyholder satisfaction; credit defaults trigger investment losses
Cost inputs
6 verified
Employee remuneration and benefits
Largest operating expense line including salary, welfare, training and incentives for sales force and operations team
Commission to intermediaries
Acquisition cost varying with new business volume across agency, bancassurance and broker channels per regulatory caps
Branch operations and facilities
Fixed and variable costs for rent, utilities, maintenance of physical office and customer-facing branch infrastructure
3 more statements
Medical examination costs
Underwriting expense for health assessments of applicants before policy issuance
Technology and IT infrastructure
Investment in systems, platforms, AI tools and digital ecosystems for policy issuance, claims processing and customer engagement
Reinsurance premium ceded
Cost of transferring underwriting risk to reinsurers; ceded premium increased 28% from ₹1,117 crore to ₹1,429 crore FY23-24 to FY24-25
Geographies
4 verified
Tier 2 and Tier 3 cities (65.0%)
Non-metro geographies accounting for 65% of revenue with growth rate 1.5x faster than saturating Tier 1 metros; strategic expansion priority
Tier 1 metros
Urban centers approaching market saturation; targeted for high-value annuity and wealth products
Mumbai
Coastal major metropolitan center facing high climate risk from river flooding, cyclones, sea level rise and operational disruption
1 more statement
Delhi and Bengaluru
Major metros facing increasing heat stress and extreme temperatures above 35°C by 2050 but lower flood risk than coastal Mumbai
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.
What changed recently?
Q4 FY2026 results filed (24 Jul 2026).
Change log
8 entries · newest first
- Results filedQ4 FY2026 results filed.
- Results filedQ1 FY2027 results filed.
- Corporate actionDividend - Rs 2.10 Per Share.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Results filedQ1 FY2026 results filed.
- Corporate actionDividend - Rs 2.10 Per Share.
- Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsCLEAN on 8 of 22 lender flags judged; no red flag; 14 could not be judged.
- Data gapsPEG (vendor), Business quality, Quality score, Net interest margin, Gross NPA, Net NPA and 10 more: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓107 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 53 verified
Questions people ask
What is HDFC Life Insurance Company's share price today?
HDFC Life Insurance Company last traded at ₹559.25 on the NSE, as of 12 Oct 2026, 11:00 pm IST, up 0.5% on the day, down 25.4% over a year. Its 52-week range is ₹509 to ₹788. The live price is in the app.
What is HDFC Life Insurance Company's market cap?
HDFC Life Insurance Company's market capitalisation is about ₹1.21 lakh crore: what it would cost to buy every share at today's price. That makes it the 80th largest large cap company we cover.
Is HDFC Life Insurance Company Ltd a large cap, mid cap or small cap?
HDFC Life Insurance Company Ltd (HDFCLIFE) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is HDFC Life Insurance Company Ltd's P/E ratio?
60.77, vs peers 39.6 · 8th of 12. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is HDFC Life Insurance Company Ltd overvalued?
Dear, with low confidence: no valuation within 120 days; P/E 60.8 vs peers 39.6 (8th of 12); P/B 7.2 vs peers 4.8 (9th of 12).
How does HDFC Life Insurance Company Ltd make money?
HDFC Life Insurance Company Limited sells life insurance, annuity and protection products to Indian consumers through a multi-channel distribution network including bancassurance, agency, broker and direct channels. It earns premiums on participating and non-participating insurance contracts and unit-linked investment plans.
Why is there no Altman Z or debt to equity for HDFC Life Insurance Company?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are HDFC Life Insurance Company Ltd's peers?
Compared with 11 Insurance (the industry, as the basic industry was too small): Life Insurance Corporation of India, SBI Life Insurance Company Ltd, ICICI Lombard General Insurance Company Ltd, ICICI Prudential Life Insurance Company Ltd, General Insurance Corporation of India and 6 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did HDFC Life Insurance Company do last quarter?
HDFC Life Insurance Company reported income of ₹33,930 Cr, up 2.6% on a year earlier and a net profit of ₹611 Cr, up 5.6% in the Jun 2026 quarter.
Who owns HDFC Life Insurance Company?
HDFC Life Insurance Company is held by promoters 50.5%, foreign institutions 19.3%, domestic institutions 20.2%.
Does HDFC Life Insurance Company pay a dividend?
Yes. HDFC Life Insurance Company's dividend yield is 0.36% at the latest price; the last payout was ₹2.10 a share, ex-dividend 19 Jun 2026.
What do analysts say about HDFC Life Insurance Company?
33 analysts cover HDFC Life Insurance Company, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.