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HDFC Life Insurance Company Limited is a joint venture between Housing Development Finance Corporation Ltd (HDFC), which is regarded as one of the country’s principal housing finance institution and Standard Life plc. Standard Life is a foremost financial services provider in the United Kingdom. HDFC Ltd. owns the majority share 70.65% and Standard Life (Mauritius Holding) Ltd. holds 26% of equity in the joint venture and the remaining is held by others.
HDFC Life offers a complete suite of insurance products - Term Insurance, Health Insurance, Pension Plans, Child Plans, Saving Plans and Investment Plans. It has currently about 27 retail and 8 group insurance products along with 10 rider options. HDFC Life Insurance Company was incorporated in the year 2000 and headquartered in Mumbai, it has over 414 branches in about 900 cities and towns in India. It has also incorporated a liaison office in Dubai. HDFC has a solvency ratio of 196% as on 31st March,2015.
Monday, Sep 18, 2017 10:00 AM
HDFC Life’s mega initial public offering (IPO) is likely to get pushed to the third quarter (October-December) of the fiscal. The IPO is expected to be equivalent to a billion-dollar issue with HDFC selling a 9.57% stake and Standard Life offloading 5.43% in the company.
Tuesday, Aug 22, 2017 10:00 AM
In less than three weeks, three insurance firms, including HDFC Standard Life, have filed draft papers for IPOs that together are estimated to be worth nearly Rs 20,000 crore.
Tuesday, Aug 01, 2017 10:00 AM
HDFC Standard Life Insurance Co. Ltd and Max Life Insurance Co. Ltd have called off their proposed merger after failing to win regulatory approval for a union that would have created an insurance giant with Rs1.1 trillion in assets.