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HDFC Life insurance- Company profile, Facts and Figures

HDFC Life insurance- Company profile, Facts and Figures

HDFC Life is a joint venture between Housing Development Finance Corporation Limited (HDFC) and Standard Life plc (the leading provider of financial services in the United Kingdom).

HDFC Ltd. holds 70.64% and Standard Life (Mauritius Holding) Ltd. holds 26.00% of equity in the joint venture, while the rest is held by others.The company currently has 26 retail and 7 group products in its portfolio, along with 9 optional rider benefits catering to the savings, investment, protection and retirement needs of customers. HDFC Life is operating with over 414 branches in over 900 cities and towns.The company has also established a liaison office in Dubai.

About HDFC Limited

HDFC Ltd. has assisted more than 45 Lakh customers with housing loan disbursements of over Rs. 4,56,000 crore. It is operating with 333 offices (2,400 towns and cities across India). HDFC Ltd has International offices in London, Dubai and Singapore with service associates in Kuwait, Oman, Qatar, Sharjah, Abu Dhabi and Saudi Arabia – Al Khobar, Jeddah and Riyadh to service the non-resident Indians and PIO’s.

HDFC has undertaken a lot of consultancies abroad for setting up of housing finance companies – assisting different countries including Sri Lanka, Indonesia, Bhutan, Nepal, Ghana, Thailand, Philippines, Egypt, Maldives, Mauritius, Bangladesh, Jamaica and Russia among other countries.

Standard Life plc.

Standard Life plc. Established in 1825, is a leading provider of long term savings and investments to around 60 Lakh customers worldwide. Headquartered in Edinburgh, Standard Life plc. has around 8,500 employees internationally.

The Standard Life plc. group includes savings and investments businesses, which operate across the UK, Canada, Europe, Asia and Middle East; workplace pensions and benefits businesses in the UK and Canada; Standard Life Investments, a global investment manager, which manages over £179 billion (Euro pounds) globally; and its Chinese and Indian Joint Venture businesses. At the end of September 2013 the Group had total assets under administration of over £237 billion (Euro pounds).

Standard Life plc is listed on the London Stock Exchange and has approximately 1.5 million individual shareholders in over 50 countries around the world. It is also listed in the Dow Jones Sustainability World Index, ranking it among the top 10% of sustainable companies in the world.

HDFC LIFE – Key facts and Figures

  
            STARTED YEAR2000 Jun
PAID UP CAPITALRs 1,995 Cr
INDIAN PARTNERHDFC Ltd
FOREIGN PARTNERStandard life insurance
MD/CEO NAMEMr. Amitabh Chaudhry
BANCASSURANCE PARTNERSHDFC Bank, Saraswat Bank and RBL bank
SOLVENCY RATIO1.96 Times
NUMBER OF BRANCHES414HEAD OFFICEMumbai
TOTAL PREMIUM COLLECTED2011-122012-132013-14
10202.411322.6812062.9
CLAIMS SETTLEMENT RATIO2011-122012-132013-14
96.16%95.76%94.01%
KEY PLANSCHILDHDFC SL YoungStar Super Premium
TERMHDFC Life Click2Protect Plus
PENSIONHDFC Life Personal Pension Plus
ULIPHDFC Life Click2Invest – ULIP
TOLL FREE NUMBER

1860 267 9999

WEBSITE ADDRESSINDIAN PARTNERhttp://hdfc.com/
FOREIGN PARTNERhttp://www.standardlife.com/
COMPANY  WEBSITEhttp://www.hdfclife.com/
 

 

Disclaimer:

In the above table, we had updated the details from the IRDA Annual report 2013-14, 2012-13 and 2011-12. Some details are captured from www.hdfclife.com. The accuracy of the above table content depends on these given sources. This information published is of informative nature and does not guarantee anything about the companies performance or claim records.

The main aim of this post is to simplify the details about HdfcLife insurance. All these information in this post can be seen in www.hdfclife.com and IRDA website

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