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. As of March 2018, the company was providing 34 individual and 11 group insurance products. After strong period of growth, the company completed its initial public offer (IPO) in 2017.
Between FY14-18, total premium earned by the company increased at a CAGR of 18 per cent to reach Rs 235.64 billion (US$ 3.66 billion). Currently the company has the largest share in new business among private life insurers. It had a leading 7.02 per cent share in new business in FY19 (up to Dec 2018).
Company Website: www.hdfclife.com
HDFC Life – Sar utha ke jiyo!
|2017||AUM crossed Rs 900 billion (US$ 13.82 billion), completed successful initial public offer (IPO)|
|2014||Dividend declared by the company for the first time|
|2012||Company turned profitable|
|2011||Incorporated the Subsidiary, HDFC Pension|
|2010||Assets Under Management (AUM) crossed Rs 200 billion (US$ 4.37 billion)|
|2007||Crossed 500,000 policies|
|2004||Launched unit linked funds|
|2003||Crossed 100,000 policies|
|2001||First private life insurer to receive license from Insurance Regulatory and Development Authority|
Updated: May, 2019