• Continue to see pickup in saving business.
• Growth is there both in volume of policy and increase in ticket size.
• Market share remained increasing at 27% and is increasing gradually.
• Solvency Ration remained at 202%.
HDFC Life Concall was today at 5.15 pm
Here are the key highlights of the Conference call 😀👇
@dmuthuk @datta_arvind @Vivek_Investor @connectgurmeet @Prakashplutus
• Continue to see pickup in saving business.
• Growth is there both in volume of policy and increase in ticket size.
• Market share remained increasing at 27% and is increasing gradually.
• Solvency Ration remained at 202%.
• Company is continuously partnering with new channel partners.
• Risk Management has been constantly watched and remained on track.
New Scheme Launches: Company has yesterday launched new health plan with add on features.
• Tax is now no longer a reason for the people to buy insurance, as customer perspective towards Insurance is improving.
Saving
• Savings have been coming back to the growth target.
• People during the covid and post covid is continuing the saving plan.
• Sales has been balance in Unit Linked and Par Insurance.
• Sales of Insurance has now been shift to suitability rather than selling insurance to customer without their prior understanding.
• Hike in reinsurance will remain uncertain in future as well.
• Company is seeing muted growth but it depends on the risk the customers is facing.
• Reinsurance price hike may be there but its still
• There has been stress in the persistence in ULIP, but now strengthening has been made in the ULIP and company doesn't thing any more strengthening need in ULIP.
• Now the ULIP segment is expected to be persistent over the next quarters.
• Protection process has now remain the same. There was some need of protection in month of September-October, but now there doesn't seems to be higher need
• In short - term company will focusing more on protection piece but over mid to long term everything is fine
• Banca has been growth, while Agency was seen muted performance, but mgmt is not worried on this.
• However growth in Banca was due to base effect. Agency growth is past have been very high than that of Banca.
• Underwriting practice has strengthen over the past 8-9 months
• Mgmt expected qualitative book going forward
• With the experience goes on the reinsurance of term insurance there will be increase in the prices
• Many other companies have increase price of premium
• Recent measures in indemnity space has made a bit confusion for the customer to go through the different product of the same company, which has same been asked to the IRDA. But company has not received answer till now.
• New launch of health product is expected to grow well and is even good for the customers. Mgmt do believe that this new policy will do be a good growth and will rocking in the segment.
• Company still stands on the midst of the pandemic. Hence there cannot be sudden price increase.
• The trend of the covid claims were high and company was also cautious with the claims.
• Customer fear for checking the diagnosis for the covid policy.
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Should we go into the details of these 125 years?
SA is built on the exploitation of labour. That labour has functioned on alcohol unfortunately. Very few people consume liquor purely for enjoyment unfortunately. When SAB opened its doors 1895 workers were paid in alcohol- the dop/tot system. 2 years into SAB's establishment
The Prohibition Act is introduced. This means black people are barred from buying your wines, beer etc. So SAB's products are exclusively for white people. But during this period beer brewing by Black women is the norm. Ayinxilisi ncam ke this type of beer. Apparently it had some
Nutritious elements to it. Now some of the context around drinking culture during this time is migrant labour to the mines, further land dispossession, the Anglo-Boer Wars, Rhodes corruption (our first state capture commission if you will) which leads to his resignation.
This context plays a role in how our cities and small towns are constructed, how they lead to the confinement and surveillance yabantu. Traditional beer brewing is identified as a threat because buy now mining bosses have identified that there's money to be made here.
SAB has formed part of the fabric of SA for the last 125 years & we've stood behind the nation through its triumphs & challenges. After much consideration,SAB has decided to approach the Courts to challenge the Constitutionality of the decision taken to re-ban the sale of alcohol pic.twitter.com/40rWpJSW5b
— SABreweries (@SABreweries) January 6, 2021
SA is built on the exploitation of labour. That labour has functioned on alcohol unfortunately. Very few people consume liquor purely for enjoyment unfortunately. When SAB opened its doors 1895 workers were paid in alcohol- the dop/tot system. 2 years into SAB's establishment
The Prohibition Act is introduced. This means black people are barred from buying your wines, beer etc. So SAB's products are exclusively for white people. But during this period beer brewing by Black women is the norm. Ayinxilisi ncam ke this type of beer. Apparently it had some
Nutritious elements to it. Now some of the context around drinking culture during this time is migrant labour to the mines, further land dispossession, the Anglo-Boer Wars, Rhodes corruption (our first state capture commission if you will) which leads to his resignation.
This context plays a role in how our cities and small towns are constructed, how they lead to the confinement and surveillance yabantu. Traditional beer brewing is identified as a threat because buy now mining bosses have identified that there's money to be made here.
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1/“What would need to be true for you to….X”
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody:
Next level tactic when closing a sale, candidate, or investment:
— Erik Torenberg (@eriktorenberg) February 27, 2018
Ask: \u201cWhat needs to be true for you to be all in?\u201d
You'll usually get an explicit answer that you might not get otherwise. It also holds them accountable once the thing they need becomes true.
2/ First, “X” could be lots of things. Examples: What would need to be true for you to
- “Feel it's in our best interest for me to be CMO"
- “Feel that we’re in a good place as a company”
- “Feel that we’re on the same page”
- “Feel that we both got what we wanted from this deal
3/ Normally, we aren’t that direct. Example from startup/VC land:
Founders leave VC meetings thinking that every VC will invest, but they rarely do.
Worse over, the founders don’t know what they need to do in order to be fundable.
4/ So why should you ask the magic Q?
To get clarity.
You want to know where you stand, and what it takes to get what you want in a way that also gets them what they want.
It also holds them (mentally) accountable once the thing they need becomes true.
5/ Staying in the context of soliciting investors, the question is “what would need to be true for you to want to invest (or partner with us on this journey, etc)?”
Multiple responses to this question are likely to deliver a positive result.