Skip to main content

HDFC Standard Life Insurance

HDFC Standard Life Insurance Company Ltd. is one of India's leading private insurance companies, which offers a range of individual and group insurance solutions. It is a joint venture between Housing Development Finance Corporation Limited (HDFC Ltd.), India's leading housing finance institution and a Group Company of the Standard Life, UK. HDFC as on March 31, 2007 holds 81.9 per cent of equity in the joint venture.

Our key strengths

Financial Expertise

As a joint venture of leading financial services groups, HDFC Standard Life has the financial expertise required to manage your long-term investments safely and efficiently.

Range of Solutions

We have a range of individual and group solutions, which can be easily customized to specific needs. Our group solutions have been designed to offer you complete flexibility combined with a low charging structure.

Track Record so far

Our gross premium income, for the year ending March 31, 2007 stood at Rs. 2, 856 crores and new business premium income at Rs. 1,624 crores.

The company has covered over 8, 77, 000 lives year ending March 31, 2007.

HDFC Limited.

  • HDFC is India’s leading housing finance institution and has helped build more than 23, 00,000 houses since its incorporation in 1977.
  • In Financial Year 2003-04, its assets under management crossed Rs. 36,000 Cr.
  • As at March 31, 2004, outstanding deposits stood at Rs. 7,840 crores. The depositor base now stands at around 1 million depositors.
  • Rated ‘AAA’ by CRISIL and ICRA for the 10th consecutive year
  • Stable and experienced management
  • High service standards
  • Awarded The Economic Times Corporate Citizen of the year Award for its Long-standing commitment to community development.
  • Presented the ‘Dream Home’ award for the best housing finance provider in 2004 at the third Annual Outlook Money Awards.

Standard Life Group (Standard Life plc and its subsidiaries)

  • The Standard Life group has been looking after the financial needs of customers for over 180 years
  • It currently has a customer base of around 7 million people who rely on the company for their insurance, pension, investment, banking and health-care needs
  • Its investment manager currently administers £125 billion in assets
  • It is a leading pensions provider in the UK, and is rated by Standard & Poor's as 'strong' with a rating of A+ and as 'good' with a rating of A1 by Moody's
  • Standard Life was awarded the 'Best Pension Provider' in 2004, 2005 and 2006 at the Money Marketing Awards, and it was voted a 5 star life and pension provider at the Financial Adviser Service Awards for the last 10 years running. The '5 Star' accolade has also been awarded to Standard Life Investments for the last 10 years, and to Standard Life Bank since its inception in 1998. Standard Life Bank was awarded the 'Best Flexible Mortgage Lender' at the Mortgage Magazine Awards in 2006

Source- http://www.hdfcinsurance.com/aboutus/aboutus.asp

Comments

Popular posts from this blog

Story - ICICI Prudential's success story

ICICI Prudential's success story It is a real life story. A story of an insurer that has managed to hold on to its lead in the marketplace for seven years. ICICI Prudential, a joint venture between ICICI Bank   and Prudential UK, has been around ever since the private sector was allowed to sell life insurance policies.   Since then the tribe of life insurers has grown from 12 to 16, but ICICI still leads the private sector pack. With a portfolio of over 6.5 million policies, India's biggest private sector life insurer has not merely held on to its share but grown it; at the end of January 2008, the firm commanded 29 per cent of the share owned by private sector players. Quite some way below was Bajaj Allianz with 21 per cent, while State Bank of India   came in third with 10 per cent. How did ICICI achieve that? Says Ashvin Parekh, national leader, financial services, Ernst & Young, "Their strategy has been to grow the portfolio large enough so ...

Annual Premium Rates-Term Plan

Term life insurance is the original form of life insurance and is considered pure insurance protection because it builds no cash value. Term life insurance provides coverage for a limited period, the relevant term. After that period, the insured can drop the policy or pay annually increasing premiums to continue the coverage. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is often the most inexpensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis. This is purely risk protection. Below the comparative chart of premium (without return of premium Option) for a 25-Year-old person for a sum assured of 1000000 for a term of 20 years. Insurer (Insurance Provider) Premium Comments (Riders- Accidental death & Disability, Weaver of Premium, Critical Illness) Bharti AXA Life Insurance 2620 No Riders SBI Life Insurance...

Auto Insurance Claims - An Auto Insurance Claims Walkthrough

Getting in a car accident can be a very upsetting experience to say the least, and dealing with the aftermath can be equally upsetting. At least the car accident is over in seconds. Auto insurance claims can take weeks to be finalized. Making it through the process will be much easier if you have an idea of how to file an auto insurance claim. After the accident the first thing you should do is to make sure no one is injured. The next thing to do is to call the police. Even if the accident is minor the police should be called. They will be an impartial witness to the accident and make sure that all of the paperwork is handled correctly. The next step is to exchange information .This means you should get, and give, all drivers license information, insurance information, and the license plate number. It is also very important to get the telephone number of the other driver. This is also a good time to look for any witnesses to the accident. If there are witnesses ask them if they are wi...