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Downloaded from a2zmba.blogspot.comINTRODUCTION TO THE COMPANYCOMPANY PROFILE OF HDFC STANDARD LIFEINSURANCE COMPANY LTD
ABOUT HDFC STANDARD LIFE INSURANCE
HDFC Standard Life Insurance Company Ltd. is one of India's leading privateinsurance companies, which offers a range of individual and group insurancesolutions. It is a joint venture between Housing Development Finance CorporationLimited (HDFC Ltd.), India's leading housing finance institution and a GroupCompany of the Standard Life, UK. HDFC as on December 31, 2007 holds 72.38 per cent of equity in the joint venture.
HDFC STANDARD LIFE INSURANCE PARENTAGE
HDFC Limited.
HDFC is India leading housing finance institution and has helped build morethan 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. Thedepositor 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 itslong-standing commitment to community development.
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Presented the Dream Homeâ award for the best housing finance provider in2004 at the third Annual Outlook Money Awards.
Standard Life Group (Standard Life plc and its subsidiaries)
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 thecompany for their insurance, pension, investment, banking and health-careneeds
Its investment manager currently administers £125 billion in assets
It is a leading pensions provider in the UK, and is rated by Standard & Poor'sas '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 2006at the Money Marketing Awards, and it was voted a 5 star life and pensions provider at the Financial Adviser Service Awards for the last 10 yearsrunning. The '5 Star' accolade has also been awarded to Standard LifeInvestments for the last 10 years, and to Standard Life Bank since itsinception in 1998. Standard Life Bank was awarded the 'Best FlexibleMortgage Lender' at the Mortgage Magazine Awards in 2006
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HISTORY
HDFC Standard Life Insurance Co. Ltd was incorporated on 14th august 2000. It is a joint venture between Housing Development Finance Corporation Limited (HDFCLtd.) India and UK based Standard Life Company. Both the joint venture partners being one of the leaders in their respective areas came together in this 81.4:18.6 jointVenture to form HDFC standard life insurance company limited.The MD and CEO of HDFC Standard Life Mr. Deepak Satwalekar, has given thecompany new directions and has helped the company achieve the status it currentlyenjoys. HDFC Standard Life brings to you a whole range of insurance solutions be itgroup or individual or NAV services for corporations, they can be easily customizedas per specific needs.HDFC Standard Life Insurance India boasts of covering around 8.7 lakh lives byMarch'2007. The gross incomes standing at a whopping Rs. 2, 856 crores, HDFCStandard Life Insurance Corporation is sure to become one of the leaders and the firstPreference for any life insurance customer.The Bancassurance partners of HDFC Standard Life Insurance Co Ltd are HDFC,HDFC Bank India Limited, Union Bank of India, Indian Bank, Bank of Baroda,Sarawat Bank and Bajaj Capital.The premium payment options available to the customers vary from online paymentto direct desk payments at the HDFC Standard Life Branches, by courier services or
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