HDFC rises as its JV launches 'my health Woman Suraksha' policy

HDFC is currently trading at Rs. 2324.90, up by 2.95 points or 0.13% from its previous closing of Rs. 2321.95 on the BSE.

The scrip opened at Rs. 2310.15 and has touched a high and low of Rs. 2324.00 and Rs. 2305.80 respectively. So far 7806 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2357.00 on 18-Jul-2019 and a 52 week low of Rs. 1821.55 on 27-Feb-2019.

Last one week high and low of the scrip stood at Rs. 2327.00 and Rs. 2265.00 respectively. The current market cap of the company is Rs. 401173.27 crore.

The Institutions holding in the company stood at 89.14% and Non-Institutions held 10.87%.

HDFC ERGO General Insurance Company, a 51:49 joint venture between the Housing Development Finance Corporation (HDFC) and ERGO International AG, has launched 'my health Woman Suraksha' policy. The my health Woman Suraksha policy is specially designed to cover women against numerous illnesses and contingencies they may face during their lifetime, thereby providing financial aid in case of medical contingencies.

According to the National Health Portal of India, women in India face numerous health issues like breast cancer, malnutrition, lack of maternal health. This policy will cover various types of cancers & related surgeries, pregnancy and neonatal (newborn baby) complications and assaults & burns. The policy will also cover women from critical illnesses like Cardiac ailments, Rheumatoid Arthritis, and others along with post-diagnosis support like Molecular Gene profiling test, Second Medical opinion and counselling to support women through the illness.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.

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