Stock Pick

An impressive branding strategy, innovative product launches coupled with a well-diversified distribution mix along with successful expansion plans are essential tools that ensures a company is thriving. The same is applicable for insurance companies and HDFC Life Insurance seems to have tapped  the right opportunities. The company product portfolio of one the leading players within the domestic life insurance segment, offers insurance solutions like savings, investments, protection, pension, annuity and health among others. As of March 31 2019, the company had 38 individual and 11 group products in its portfolio, along with eight optional rider benefits, thereby insuring nearly 5.1 crore lives. The company reported strong fundamentals as net profit increased by 12 per cent year-on-year (YoY) and stood at `425 crore for the first quarter (Q1) financial year (FY) 2020 on the back of...