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HDFC Life (HDFC Standard Life Insurance Company) is a long-term life insurance provider with its headquarters in Mumbai, offering individual and group insurance.
HDFC Life (HDFC Standard Life Insurance Company) is a long-term life insurance provider with its headquarters in Mumbai, offering individual and group insurance.
It is a joint venture between Housing Development Finance Corporation Ltd (HDFC), one of India's leading housing finance institution and Standard Life plc, leading well known provider of financial savings & investments services in the United Kingdom.
On August 14, 2015 HDFC Ltd. entered into a share sale agreement with
Standard Life to sell a 9.00% stake in HDFC Life to the latter. The
transaction is subject to receipt of regulatory approvals. Post the
completion of the above transaction, HDFC will hold 61.65% stake in HDFC
Life and Standard Life’s stake will increase to 35.00%, with rest to be
held by others.
Products & Services
HDFC Life's products include Protection, Pension, Savings,
Investment, Health along with Children and Women plans. The company also
provides an option of customizing the plans, by adding optional
benefits called riders, at an additional price. The company currently
has 29 retail and 8 group products, along with 7 optional rider benefits
(as on 31st May 2016).[2]
- Mohit Karnwal Protection Plans - insurance plans that provide protection and financial stability to the family in case of any unforeseen events.
- Click2Protect Plus is their online term plan.
- Launched CSC Suraksha to be sold exclusive through the Common Services Centre network.
- Click2Invest is their online ULIP investment plan.
- Health Plan – offers financial security to meet health related contingencies.
- Savings & Investment plans - These plans help in investment to achieve financial goals.
- Retirement plans - financial security for life post retirement.
- Women’s plans - plans catering to different financial needs of women.
- Children’s plans – plans meant to secure children’s future.
- Rural & social Plans – meant specifically for rural customers.
- Click2Retire completed their Click2 portfolio.
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