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HDFC Standard Life Insurance Company

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HDFC Standard Life Insurance Company

  • Leading private sector life insurers in India
  • 49 per cent share of digital new business in FY20
  • Sold 896.3 thousand policies in FY20
  • 414 branches and more than 11,200 partner branches
  • AUM worth Rs 1,272.3 billion (US$ 18.05 billion) in FY20

HDFC Standard Life Insurance Company was established in 2000 as a JV between Housing Development Finance Corporation Limited (HDFC Ltd) and Standard Life Aberdeen. It was the first private company to get a license from IRDAI in 2001. As of March 2019, the company was providing 38 individual and 11 group insurance products. After strong period of growth, the company completed its initial public offer (IPO) in 2017. HDFC Life continues to benefit from its presence across the country with 414 branches and additional distribution touchpoints through several partnerships. The partnerships comprise 265 bancassurance partners including NBFCs (Non-Banking Financial Companies), MFIs (Micro Finance Institutions), SFBs (Small Finance Banks), etc. and 39 partnerships within non-traditional ecosystems.

Currently the company has the largest share in new business among private life insurers.

Company Website: www.hdfclife.com

HDFC Life – Sar utha ke jiyo!

2017 AUM crossed Rs 900000 crore (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 200000 crore (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

Insurance
India's life insurance companies witnessed 11.36 per cent growth in their collective premium income at Rs 48.26 lakh crore (US$ 684.64 billion) during the fiscal ended March 2020.