BC AR

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Investdunia
@investdunia1 3 years, 11 months ago 351 views

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HDFC Life Annual Report 2020-21 Summary

(1/n)

First time seeing an AR with interactive PDF. Directly go to the section you want to read by one click.

(2/n)

Value Framework

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Some Kay Stats

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Digital Initiatives
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Various Key Performance Indicators for last 5 years.

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Pandemic has led to higher awareness around the need for protection and inadequacy of current insurance coverage. Insurance remains a multi decade opportunity in the Indian context and insurers are well poised to maximise the long-term growth potential of the industry.
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The proportion of insurable population (people between the ages of 20 and 64) is expected to touch almost 1 billion by 2035, thus outlining the need for long-term savings and protection plans.

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The emergence of nuclear families and advancement in healthcare facilities has led to increase in life expectancy, leading to a higher need for pension and protection based products.

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The retirement space is an equally large opportunity. Improving life expectancy has increased the post retirement life span to around 20 years. In comparison to global benchmarks, India’s pension market is under-penetrated at 4.8% of the GDP.

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Savings in Financial Products. Big opportunity.

(11/n)

Individual new business premium 19% ⬆️, Group new business premium 14% ⬆️. Renewal premium 19% ⬆️. 9.82 Lakh new policies addition in Individual portfolio.

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Commission to agencies/brokers increasing. Advertisement cost increased significantly (32%). IT expenses increased (16%). Some expenses decreased due to volume. Overall operating expenses wrt total premium decreased 1%.

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Change in Embedded Value

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Read Full AR: https://t.co/OBfwElI99b

(15/15)

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LACHIT BORPHUKAN : AN UNSUNG WARRIOR OF THE AHOM KINGDOM & THE GREAT BATTLE OF SARAIGHAT

Originally named as Lachit Deca, Lachit Borphukan, the fierce and invincible Ahom Commander, was born during the early 17th century at Betioni in the Golaghat district of modern Assam.

His father, Momai Tamuli Borbarua was the ‘Governor’ of the kingdom and also ‘Commander-in-Chief’ of Ahom army under King Pratap Singha during his reign starting from 1603 to 1639. Lachit received military training from an early age and joined the Ahom King Jayadhvaj Singha...

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What you call chaos I call spontaneity.

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I over-plan, but planning is pretty useless. What tends to dominant life are a small number of Black Swan events in both directions, positive and negative.

Expose yourself to asymmetric upside and lots of good options: things that can become massively important for you.

And you want to avoid the asymmetric downside: anything that can end the game, whether it's through financial ruin, or reputational ruin, or physical ruin.

That requires a certain amount of chaos and spontaneity.

If nothing else, 2020 taught the power of optionality.

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The world is dominated by nonlinearities, so understanding options value is far more important.

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For technical founders it is irrationally, obscenely hard to reverse years of programming (ba dum bum) that sales is a value-destroying activity. Sales is CLEARLY a value-creating activity, contingent on you have a value-creating product.

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