HDFC Life Insurance is one on the India’s Most leading Life Insurance companies that offering a range of products to individuals and group insurance solutions that fulfill their customer needs in their various stages of the life. HDFC offers Protection, Pension, savings & Investments, Health, etc.
|COMPANY TYPE||Private Ltd|
|Managing Director & CEO||Ms. Vibha Padalkar|
|Foreign Partner||HDFC Ltd - 51.4% Standard Life Aberdeen plc – 12.3% Remaining shares held by public shareholders|
|Covering range of people||6.1Cr lives insured|
|Contact Details||Toll-free : 1800 266 9777 / 1800 315 7373 Website : www.hdfclife.com Mail : firstname.lastname@example.org email@example.com firstname.lastname@example.org (For NRI customer) SMS : ‘LIFE’ to 56161|
|Latest Claim Settlement Ratio||99.07% (FY 2019-20)|
|To be the most successful and admired life insurance company, which means that we are the most trusted company, the easiest to deal with, offer the standards in the industry. “The most obvious choice for all”|
|Year of start||2001|
|Solvency Ratio||188% as on 31st MAR 2019|
|IRDAI registration No||101|
|Asset Under Management||1,27,226 Cr (FY 2019-20)|
|New Business Sum Assured||9,11,067 Cr(FY 2019-20)|
|Total Premium||32,707 Cr as on 31st March 2020|
400+ branches in India
Presence in 980+ towns & cities
HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited),
Lodha Excelus, 13th Floor, Apollo Mills Compound,
N.M.Joshi Marg, Mahalaxmi, Mumbai – 400 011.
|Awards and Recognition||
1)HDFC Click to protect 3D Plus won the ‘Best Term Plan of the Year’ Award at the BT-MT Financial Services Award.
2)’Best use of Data Analytics in Business Intelligence’ at customer Fest Awards 2020.
3)’Best Use of Data Analytics in Business Intelligence’ at The Customer Feat Award 2020.
4)’Great Work Place to Work’ for the 10th time and was amongst India’s ‘Top 75 Workplaces’ in the BFSI category in 2020.
|Top selling Best Product||
1)HDFC Click to protect plus/3D Plus
2)HDFC Life Sanchay Plus
3)HDFC Life Pension Guaranteed Plan
4)HDFC Life Click to Invest
5)HDFC Life Super Income Plan
6)HDFC Life YoungStar Super Premium
|Values||The Values Framework ‘EPICC’ (Excellence, People engagement, Integrity, Customer-Centricity and Collaboration) characterizes the inspiring culture which fosters growth and progress, for us and all our stakeholders, from today and tomorrow.|
United Bank of India
IDFC First Bank
|Social Media Links||
Twitter : twitter.com/HDFClife
Facebook : facebook.com/HDFClife
You Tube : youtube.com/user/hdfclife10
|Other HDFC Group Companies||HDFC Bank, HDFC Health, HDFC Ltd, HDFC Securities, HDFC Mutual Fund, HDFC Pension, HDFC ERGO General Insurance, HBD Fianacial Services, HDFC Realty, HDFC Property Fund, HDFC International Life and Re Company Ltd., Credila, HDFC Sales.|
OPERATIONS OF HDFC LIFE
HDFC Started operations in 2000 so it is a long-term life insurance provider in India. The company had 37 individual and 11 group insurance products in various category like protection, pension, savings, investment, annuity and health to meet the customers need and fulfilment through their various stages for their life.
They serve people through their expanded presence of 421 branches and additional distribution touch points through several partnerships.
The Partnership comprise 270 bancassurance partners including NBFC’s, Small Finance Banks, and more than 40 new ecosystem partners. The financial consultants also strengthened the company.
In Fiscal year 2012, the company established a wholly owned subsidiary, Under the National Pension Scheme (NPS), HDFC Pension Management company Limited to operate its pension fund business.
In Fiscal year 2016, the company established its first international wholly-owned subsidiary in the UAE, HDFC international Life and Re Company Ltd., to operate its reinsurance business.
The company was started in October 1977 as public limited company specializing in providing Housing Finance to individual households and corporates for purchase and construction of residential housing. HDFC ltd., is India’s first retail housing finance company and it is one of the largest originators of housing loan in the country.
The company had mortgage loan asset under management of Rs.5,168 billion. Since inception, HDFC Ltd., has financed over 7.5 million housing units. About 71% of shareholders in HDFC Ltd., are foreign investors. Its market capitalization as on March 31, 2020 stood approximately US$ 38 billion.
Over the year HDFC has emerged as a leading financial conglomerate in India with a presence in banking, life and general insurance, asset management, venture capital and education finance segments.
STANDARD LIFE ABERDEEN
Standard Life Aberdeen is headquartered in Scotland and listed in London, with around 6,000 employees in over 50 locations worldwide. They manage and administer 545 billion Euro of assets worldwide.
Standard Life Aberdeen meets the evolving needs of Investors and savers to build lasting relationship and developing innovative products and services.
They offer active asset management to institutional, wholesale and strategic insurance clients around the world. Also, wealth management, financial planning and advice services directly to customers or through financial institutions & advisers, in the UK.
Standard Life Aberdeen also has significant holdings in associate and Joint venture business: Phoenix in the UK, HDFC Life and HDFC Asset Management in India, and Heng an Standard Life in China.
Standard Aberdeen’s purpose is: Together we invest for better future. This means a positive difference to the lives of clients and customers, employees society and shareholders.
RECENT ACTIVITIES OF HDFC LIFE
In this pandemic Covid-19 situation, HDFC Life has launched a campaign on television, DTH and Digital channels to drive the need of protection. According to the Swiss Re Report for FY2014, India has a huge protection gap of 92.2%, that most Indians are either underinsured or uninsured.
This covid-19 taught that life is uncertain at best and highly unpredictable. So, HDFC Life talks about the importance of insuring oneself and ensuring their family is well prepared for tackle the fallout. This campaign reaches to maximum people and nudges them to take the first step towards securing their loved ones.
CHIFE MARKETING OFFICER SPEECH
HDFC Life’s Chief Marketing Office said that the coronavirus pandemic has been made consumers to realize the importance of life and health insurance. The company has witnessed an improvement in number of policies sold, as well as the average ticket size for the protection business, in the first quarter of FY21.
HDFC Life has recently launched an annuity campaign redefining the archaic concept of this category. The ad conveys that human potential is beyond one’s retirement years thereby inspiring individuals to choose a retirement product that enables fulfillment of dreams.
HDFC Life’s Annuity product ‘Pension Guaranteed Plan’ that is designed to provide guaranteed monthly income which not only secures an individual’s retirement but also enables one to fulfill the dreams of their youth which got abandoned once responsibilities took over.
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