High Yielding dividend Insurance stock issuers in India 2023 are Life Insurance Corporation Ltd (LIC), State Bank of India Life Insurance Company Limited (SBI Life), Housing Development Finance Corporation Ltd (HDFC Life), Industrial Credit and Investment Corporation (ICICI Prudential Life). Above all the industries mentioned here, consequently gives high yielding dividend Insurance stock issuers in India 2023
LIFE INSURANCE CORPORATION OF INDIA LTD
Introduction:
Life Insurance in its modern form came to India from England in the year 1818. Oriental Life Insurance Company started by Europeans in Calcutta was the first life insurance company on Indian Soil. Surendranath Tagore has founded the Life Insurance Corporation.
| Year | 2023 |
| Dividend (%) | 30 |
| Dividend type | Final |
| Face Value | 10 |
| Dividend Amount (RS) | 3.00 |
| Ex.Date | 21-07-2023 |
Investor Calculation:
| No.of.Shares | Dividend Amount/Shares (Rs) | Total Amount |
| 100 | 3.00 | 300 |
| 1000 | 3.00 | 3,000 |
SBI LIFE INSURANCE COMPANY LTD
Introduction:
SBI Life Insurance Company Limited is an Indian life insurance company which was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif. SBI has a 55.50% stake in the company and BNP Paribas Cardif owns a 0.22% stake.
| Year | 2023 |
| Dividend (%) | 25 |
| Dividend type | Interim |
| Face Value | 10 |
| Dividend Amount (RS) | 2.50 |
| Ex.Date | 16-03-2023 |
Investor Calculation:
| No.of.Shares | Dividend Amount/Shares (Rs) | Total Amount |
| 100 | 2.50 | 250 |
| 1000 | 2.50 | 2,500 |
HDFC LIFE INSURANCE COMPANY LTD
Introduction:
HDFC Life Insurance Company Limited is a long-term life insurance provider headquartered in Mumbai, offering individual and group insurance services and it was incorporated on 14 August 2000. HDFC Life Insurance Company Limited is formed as a Joint Venture between Housing Development Finance Corporation Limited (HDFC Limited) and Abrdn plc formerly Standard Life Aberdeen plc.
| Year | 2023 |
| Dividend (%) | 19 |
| Dividend type | Final |
| Face Value | 10 |
| Dividend Amount (RS) | 1.90 |
| Ex.Date | 16-06-2023 |
Investor Calculation:
| No.of.Shares | Dividend Amount/Shares (Rs) | Total Amount |
| 100 | 1.90 | 190 |
| 1000 | 1.90 | 1,900 |
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD
Introduction:
ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited. ICICI Prudential Life began its operations in the fiscal year 2001. On a retail weighted received premium basis (RWRP), it has consistently been amongst the top companies in the Indian life insurance sector. Our Assets Under Management (AUM) at September 30, 2023 were `2,719.03 billion.
| Year | 2023 |
| Dividend (%) | 6 |
| Dividend type | Final |
| Face Value | 10 |
| Dividend Amount (RS) | 0.60 |
| Ex.Date | 13-07-2023 |
Investor Calculation:
| No.of.Shares | Dividend Amount/Shares (Rs) | Total Amount |
| 100 | 0.60 | 60 |
| 1000 | 0.60 | 600 |
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