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HDFC Standard Life Insurance Company Limited. is one of India's leading private insurance companies, offering a wide range of solutions for individual and group insurance policies. This is a joint venture between Housing Development Finance Corporation Limited (HDFC Limited), India's leading housing finance institution and a group company of Standard Life Plc, UK. Since February 28, 2009 HDFC Ltd. holds 72.43% and Standard Life (Mauritius Holdings) 2006 Ltd. holds 26.00% stake in the venture, while the rest is held by others.
HDFC Standard Life Insurance believes that establishing a strong ethical foundation and is an essential prerequisite for sustainable long term growth. To ensure this, we have focused our attention on expanding the branch network, organizing an efficient and well trained sales force, and establishing systems and processes with optimal use of technology. In all these areas form the basic infrastructure for setting the highest standards of customer service possible.
HDFC Standard Life Insurance core values are drilled to all levels of employees, as they are inviolable. HDFC Standard Life Insurance continue to promote high integrity in business practices and flee shortcuts and unethical practices because they want to be perceived as an institution with high moral standing. Since our inception in 2000, when the insurance space in India was opened to private participation, they are always focused on setting benchmarks in all aspects of insurance operations. Being the private operator, first to be enrolled in the IrDA and the first to issue a policy of December 12, 2000.
HDFC Standard Life Insurance coverage in India has about 8.7 Lakh per March'2007 lives. The gross income standing at a whopping Rs. 2, 856 crore, HDFC Standard Life Insurance Corporation is sure to become a leader and first choice for any life insurance customer.
Bancassurance partners HDFC Standard Life Insurance Co Ltd are HDFC, HDFC Bank India Limited, Union Bank of India, Indian Bank, Bank of Baroda, Saraswat Bank and Bajaj Capital. |