HDFC Standard Life InsuranceIndia
HDFC Standard Life Insurance managed to stand out and register its name amongst the top most private insurance companies. HDFC Standard Life Insurance is a joint venture between the Indian housing finance institution, Housing Development Finance Corporation Limited or HDFC Ltd. and a Group company of Standard Life, UK. These two giants from India and UK joined hands together on 31st December 2007. Since then there has been no looking back. With deep knowledge of the domain and a good consumer base, HDFC Standard Life Insurance managed to carve out a niche for itself. Though, a comparatively new entrant its venture is strong and has a good backing. The equity of the company is divided between two partners in the ratio of 72:38.
The strength of HDFC Standard Life Insurance is its financial expertise mainly required to manage the investments. They have a good proof record for making, securing and earning profit out of long term investments. HDFC Standard Life Insurance claims to have made good profits, a statistic quoted in their website says that the company's gross premium income, for the year ending March 31, 2008 stood at Rs.4,859 crores and new business premium income stood at Rs.2,685 crores. The company has covered over 9,59,000 lives year ending March 31, 2008. They are well equipped with skilled workforce and strong sales base. They have their networks in almost all the major cities in the country.
HDFC Standard Life offers a bouquet of insurance solutions to meet every need of the consumer. Their products are tailor made to suit the requirement properly. It caters to both, individuals as well as to the companies mainly offering employee benefit packages. For individuals, HDFC Standard life has a whole range of protection, investment, pension and savings plans. For organizations or institutions, it offers solutions that range from Group Term Insurance, Gratuity, Leave Encashment and Superannuation Products.