BC AR
Saved by @AnmolNarula11

HDFC Life Annual Report 2020-21 Summary

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

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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.

(10/n)
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

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Together they illustrate how radical God designed marriage to be. Marriage is a real severing of family relations in order to form a new, permanent bond with another human being.

Something very similar to this takes places in Ruth's life.
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#bharatmandir

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People use lemons as a diya. Lemons are cut from the centre and their pulps are removed, for pouring oil in them.
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