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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

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