When was HDFC Standard Life established?

Published by Charlie Davidson on

When was HDFC Standard Life established?

2000
HDFC Life Insurance/Founded
Established in 2000, HDFC Life is a leading long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity and Health.

Who is owner of HDFC Life?

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

Which are the subsidiaries of HDFC Life?

Hdfc Standard Life Insurance Company Limited, Asset Management Arm
HDFC International Life and ReHDFC Pension Management Company Limited
HDFC Life Insurance/Subsidiaries

Who is the CEO at HDFC Life?

Vibha Padalkar (Sep 12, 2018–)
HDFC Life Insurance/CEO
Managing Director and Chief Executive Officer Ms Vibha Padalkar has been associated with HDFC Life since August 2008. Ms Padalkar qualified as a member of the Institute of Chartered Accountants of England and Wales in 1992.

Who is the chairman of HDFC Life Insurance?

Deepak Parekh
Mr. Deepak Parekh is a Nominee Director and the Chairman of our Company.

How safe is HDFC Life?

HDFC Life is a listed company with regular disclosure of the financials. The company does not take any aggressive investment risks. All liabilities are backed by adequate reserves in the form of safe assets. The company also maintains a healthy solvency ratio, well in excess of the regulatory requirement.

Is HDFC Ergo and HDFC Life same?

HDFC ERGO General Insurance Company Ltd. is a joint venture between HDFC Ltd., India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group.

Is HDFC Life Safe?

What does AUM stand for?

Assets under management
Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company. In the calculation of AUM, some financial institutions include bank deposits, mutual funds, and cash in their calculations.

When was HDFC Standard Life Insurance Company established?

HDFC Standard Life Insurance Company Limited was incorporated as a public limited company at Mumbai on 14th August 2000. The Company obtained the certificate of commencement of business on October 12 2000.

What are the benefits of HDFC Life Insurance?

HDFC Life’s products include Protection, Pension, Savings, Investment, Health along with Children and Women plans. The company also provides an option of customizing the plans, by adding optional benefits called riders, at an additional price.

Who are the shareholders of HDFC Life company?

As on 31 March 2020, the promoters; HDFC Ltd. and Standard Life (Mauritius Holdings) 2006 Ltd. hold a 51.4% and 12.3% stake in HDFC Life respectively. The remaining equity is held by public shareholders. HDFC Life has 421 branches and is present in 980+ cities and towns in India. The company has also established a liaison office in Dubai.

How many branches does HDFC Life have in India?

HDFC Life has 421 branches and is present in 980+ cities,villages and towns in India and supported by 16,544 employees. The company has also established a liaison office in Dubai.

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