HDFC Standard Life Insurance’s results for the December quarter showed its products are flying off the shelf, and more so in the most coveted retail segment. HDFC Standard Life’s financial results give all the right reasons why its stock has gained 24% since it listed on 17 November. Although market linked products continued to form the lion’s share of the product mix, HDFC Standard Life managed to increase the share of its protection business in total new business premium to 27.3%. Morgan Stanley noted HDFC Standard Life’s superiority here and has rated the stock “outperform”. This means that insurance penetration, especially those of private insurers, is gathering steam and HDFC Standard Life is reaping benefits due to its superior product mix.

Source: Mint January 22, 2018 02:03 UTC