Harinder S Nanda Profile picture
Jun 27, 2021 β€’ 14 tweets β€’ 7 min read β€’ Read on X
#HDFCLIFE has come up with its first integrated report ever for the year 2020-21

Tried to cover some insights from the report in this thread 😊🧡

Report link:
bseindia.com/xml-data/corpf…

@soicfinance @ishmohit1 @suru27 @aditya_kondawar @dmuthuk @itsTarH @HDFCLIFE

Retweet pls πŸ‘πŸΌ
REFLECT :: RESHAPE :: RESURGE
Vision to be the most successful and admired life insurance company, which means that we are the most trusted Company, the easiest to deal with, offer the best value for money and set the standards for the industry. β€œTHE MOST OBVIOUS CHOICE FOR ALL”.
πŸ–Š First private insurance company to get license from IRDA in 2000. Later commenced business in 2001.
πŸ–Š Key strengths include customer centric approach, diversified distribution, balanced product portfolio, Robust risk management and digital capabilities.
πŸ–Š It has a bouquet of innovative protection, pension, saving, investment and health solutions
πŸ–Š 20636 employees, 390 branches, 300+ partners and 1lac fin consultants
πŸ–Š 4 cr lives insured, new business sum assured 5.76 lac cr, AUM 1.74 lac cr, indian embedded value 26.6 k cr
πŸ–Š Key 2021 figures - Total premium 38.5 lac crore, value of new business 2185 crore, PAT 1360 crore and solvency 201%
πŸ–Š See powerful growth drivers in one of largest and under penetrated market like India. Expect Protection and Retiral segments to grow faster than Savings
πŸ–Š Capitals that power the business.
1/ Financial Capital
2/ Manufactured Capital
3/ Intellectual Capital
4/ Human Capital
5/ Social and Relationship Capital
6/ Natural Capital

πŸ–Š Strategy: 5 pillars of our strategy
πŸ–Š Reimagining insurance: Digital world
95% renewals made digitally
97.62% non investigation claims in 1 day
100% claims intimated via Life Easy settled in 1 day
280+ Robotic Process Automation (RPAs)
πŸ–Š Quality of Board and Management: Our Board consists of 11 Directors, including 6 Independent Directors. Providing a good mix
πŸ–Š Industry Environment:
πŸ”ΈLife Insurance industry grew by 7% garnering 2.78 lac crore vs 2.59 lac crore new business premiums.
πŸ”ΈPrivate insurers grew by 8% and 20% in individual and group business respectively.
πŸ”ΈLIC de-grew by 3% in individual and grew by 1% in group business.
πŸ”ΈDevelopment of alternate channels and product innovation resulted in growth in individual business of pvt players to 60% in 2020-21 vs 37% in 2011-12.
πŸ”ΈTotal of 24 pvt players in industry out of which top 10 accounted for 88% share in individual business premiums in 2020-21
πŸ–Š HDFC Life FY21 market share:
15.5% Individual Business
27.6% Group Business
21.5% Total New Business
πŸ–Š Great emphasis on Risk Management and Business Continuity Plan.
Disc: Invested

My view:
Life Insurance is a necessity which is seldom realised in our country. Many people are either not insured or not adequately insured. But during such unprecedented times of pandemic people are gradually accepting its importance.
Cont...
Size of opportunity is large in India still being so under penetrated. Not one but multiple companies can eat into LIC's share and come out winning. Bancassurance & digital push via e-commerce should help them thrive.

Hope to have added value. Always keen to learn. πŸ™πŸΌ

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More from @harindersnanda

Jun 25, 2021
In investing never think in absolute terms... Always think this could be a part of the reason... Have a mind like sponge to absord information from different sources... Always keep an open mind
- @ishmohit1 (@soicfinance)
There is one nucleae bomb and then there is something called carpet bombing... #LAURUSLABS is placed beautifully with levers of capacity increase coming every quarter
- @ishmohit1 (@soicfinance)
Personally I feel it would be an amazing journey from here on too... Tracking the business that's still growing like anything... Testing if management is walking the talk or not... 4 amazing verticals at wonderful junctures... But as it goes with all probabilities...
Read 4 tweets
Oct 18, 2020
πŸ§ͺ Syngene Intl Ltd.
A Contract Research Organisation

Incorporated as a subsidiary of Biocon in 1993.

Overview: πŸ‘€
πŸ‘‰πŸΌ 360+ active client
πŸ‘‰πŸΌ 400+ patents held with clients
πŸ‘‰πŸΌ 4200+ scientists team (460 PhDs) πŸ‘¨πŸ»β€πŸ”¬πŸ‘©πŸ»β€πŸ”¬
πŸ‘‰πŸΌ 90% employees 25-40 yr age
πŸ‘‰πŸΌ 1.9 Mn sq ft world class infra
What they do:πŸ•΄οΈ
All large pharma companies who provide us with the multi colored medicines πŸ’Šneed a lot of work to be done before they bring their product out in market after crossing all research and regulatory hurdles.
This is where Syngene ✨ comes into the picture. Its providing the research infrastructure to these big giants of medicine world.
Read 8 tweets
Oct 18, 2020
NestlΓ© India

Just ten companies own almost every major food and beverage brand in the world.

NestlΓ© is one of them.

It has been in India for over 100 years commanding major market share in most of the product segments. Having brands like
Maggie Noodles 🍜
Maggie Ketchup πŸ…
NescafΓ© β˜•
Nestea 🍡
Milkmaid πŸ₯›
Lactogen/Nan 🍼
Cerelac 🍚
KitKat 🍫
Milkybar 🍫
Bar-One 🍫
Munch 🍫

under its umbrella.
And new innovations like

Koko Krunch πŸͺ
a+ fortified milk πŸ₯›
a+ probiotic curds 🍨
Maggie Pasta 🍝
Maggie Poha 🍲

have given even more traction to a world renowned name in a huge consumption story like India.
Read 4 tweets

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