Trade Analytics

HDFC Standard Life Insurance Company

Go Back

HDFC Standard Life Insurance Company

  • Leading private sector life insurers in India
  • 6.75 per cent share in new business in FY19 (up to September)
  • Sold 1.05 million new policies in FY18
  • 414 branches and more than 11,200 partner branches
  • Assets under management worth Rs 1,256000 crore (US$ 17.97 billion) in FY19

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 23564 crore (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 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 insurance industry is expected to reach US$ 280 billion by 2020.