2000
HDFC Life Insurance/Established

In 2000, HDFC Life was born of a joint venture between HDFC Ltd., one of India’s leading housing finance institutions and Standard Life Aberdeen, a global investment company.

What is the new name of HDFC Standard Life Insurance?

HDFC Life Insurance Company Ltd
HDFC Standard Life Insurance on Friday changed its name to HDFC Life Insurance following the receipt of relevant approvals from regulatory authorities. The change in name is effective right off the bat and the company will henceforth operate under the name HDFC Life Insurance Company Ltd, it said.

What is the market share of HDFC Life?

Overall, the bottom line of the company has increased by nearly 6 per cent YoY to Rs 326.09 crore. HDFC Life’s market share, in terms of individual weighted received premium (WRP), has increased by 235 basis points to 17.50 per cent in April-September against 15.2 per cent in the same period last year.

Is HDFC Life Insurance a Good Buy?

HDFC Life is well placed to benefit from this. Sum assured growth has also been healthy for HDFC Life: The individual sum assured market share for HDFC Life has improved from 11.7%/11.2% in FY20/21 to 14.3% FY22TD (data up to May’21).

Who is owner of HDFC Life?

Housing Development Finance Corporation
Standard Lifeabrdn
HDFC Life Insurance/Parent organizations

Who is the owner of HDFC?

Housing Development Finance Corporation
HDFC Bank/Parent organizations

Does HDFC Life give dividend?

HDFC Life Insurance Company Ltd. has declared 3 dividends since Dec. 15, 2017. In the past 12 months, HDFC Life Insurance Company Ltd. has declared an equity dividend amounting to Rs 2.02 per share.

How can I close my HDFC Life Insurance policy?

To submit the deactivation request, kindly fill & submit the Mandate Deactivation Form available at any HDFC Life branch at least 15 days prior to the due date. You may also place a request for Auto Debit Deactivation by emailing us [email protected] from your registered email ID which is updated in our records.

Is HDFC Ergo listed?

HDFC Ergo General Insurance Limited Unlisted Shares. (i) HDFC ERGO General Insurance Company Limited is a joint venture between HDFC Ltd. and ERGO International AG, a Germany-based company that is part of the Munich R Group. HDFC holds 51 percent, and ERGO the other 49 percent.

When was HDFC Standard Life Insurance Company Ltd created?

HDFC Standard Life Insurance Company Ltd was incorporated on 14th August 2000.It got the certificate of registration on 23rd October. 1.3.3 COMPANY’S VALUES  SECURITY: Providing long term financial security to our policy holders will be our constant endeavor.

What is the marketing mix of HDFC Life Insurance?

Product in the Marketing Mix Of HDFC Life Insurance : HDFC Life Insurance is a long-term provider of life insurance cover and has a diversified product portfolio to meet its customer’s needs and wants to be related to health, investments, savings and pension. The company offers 5 riders, 4 group and 32 individual benefits.

What is the stake of HDFC in Standard Life?

Post the completion of the above transaction, HDFC will hold 61.65% stake in HDFC Life and Standard Life’s stake will increase to 35.00%, with rest to be held by others. HDFC Life has about 414 branches and presence in 980+ cities and towns in India. The company has also established a liaison office in Dubai.

Which is the first Standard Life Insurance Company in India?

HDFC Standard Life Insurance Company was established in 2000 as a joint venture between Housing Development Finance Corporation Limited (HDFC Ltd) and Standard Life Aberdeen. It was the first private company to get a license from the Insurance Regulatory and Development Authority in 2001. Today, it is the leading private life insurer in India.