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HDFC Life Insurance Company Ltd.
HDFC Life Insurance
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NSE
BSE
Finance
Large-cap - With a market cap of ₹1630.00 Cr.
Subsidiaries
HDB Financial Services Ltd.
HDBFS
NSE
Finance - NBFC
0.00
0.00%
HDFC Asset Management Company Ltd.
HDFCAMC
NSE
Finance - Asset Management
0.00
0.00%
HDFC Life Insurance Company Ltd.
HDFCLIFE
NSE
Insurance
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0.00%
HDFC Bank Ltd.
HDFCBANK
NSE
Bank - Private
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0.00%
Management
1. Nagesh Pai
Company Secretary
2. Keki M Mistry
Chairman
3. Kaizad Bharucha
Nominee Director
4. Sumit Bose
Non Executive Independent Director
5. Ketan Dalal
Non Executive Independent Director
6. Bharti Gupta Ramola
Non Executive Independent Director
7. Bhaskar Ghosh
Non Executive Independent Director
8. Venkatraman Srinivasan
Non Executive Independent Director
9. Subodh Kumar
Non Executive Independent Director
10. Vibha Padalkar
Managing Director & Chief Executive Officer
11. Niraj Shah
Whole Time Director & Chief Financial Officer
12. Vineet Arora
Whole Time Director & Chief Business Officer
Contact Information
Company Address
13th Floor, Lodha Excelus, Apollo Mills Compound, N M Joshi Marg, Mahalaxmi
Mumbai, Maharashtra - 400011
www.hdfclife.com
investor.service@hdfclife.com
Registrar
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B, Plot 31-32Gachibowli,Financial District, NanakramgudaHyderabad – 500032Tel. No. 040 67161500Fax. No. 040 23001153E-mail: einward.ris@karvy.comWebsite: www.karvy.comToll Free No. of exclusive Call Centre:1-800-345001
Phone: 040 - 67162222/18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Profile
HDFC Life Insurance Company Limited (HDFC Life) was formed as a joint venture between erstwhile Housing Development Finance Corporation Limited (HDFC Limited) and Abrdn plc (formerly Standard Life (Mauritius Holdings) 2006 Limited). Pursuant to a scheme of amalgamation of erstwhile HDFC Limited with HDFC Bank Limited on July 1, 2023 (the Effective Date), HDFC Bank Limited has become the Holding and Promoter Company of HDFC Life, vide NCLT order dated April 20, 2023.
The company was incorporated at Mumbai on August 14, 2000 as a public limited company under the Companies Act, 1956. The Company obtained a certificate of commencement of business on October 12, 2000 and a certificate of registration from the Insurance Regulatory and Development Authority of India (IRDAI) on October 23, 2000 for carrying on the business of life insurance. The company offers a range of individual and group insurance solutions including participating, non-participating and unit linked lines of businesses. The portfolio comprises of various insurance and investment products such as Protection, Pension, Savings, Investment, Annuity and Health.
Business area of the economy
The company is a prominent Indian provider of long-term life insurance solutions, catering to diverse customer needs through its range of individual and group products covering protection, pension, savings, investment, annuity and health. The company’s wide product suite caters to specific needs of customers during each stage of their lives. It also provides the company with the flexibility to operate successfully across business cycles, work with diverse sets of distribution partners and serve a range of consumers from mass market to high net worth individuals.
The company continues to benefit from its presence across the country with several branches and additional distribution touchpoints through several partnerships. The partnerships comprise bancassurance partners including NBFCs (Non-Banking Financial Companies), MFIs (Micro Finance Institutions), SFBs (Small Finance Banks), etc. and new ecosystem partners. The company is also strengthened by a strong base of financial consultants.
Products of the company
- Savings plans
- Unit-linked plans
- Protection plans
- Pension plans
- Annuity plans
- Health Plans
Certifications, awards and accreditations
- 2011: Golden Peacock HR Excellence Award.
- 2012: Won Porter Prize for leveraging unique activities.
- 2012: Won National Award for Excellence in Cost Management, awarded by the Institute of Cost Accountants of India.
- 2013: Won National Award for Excellence in Cost Management for second consecutive year.
- 2013: Recognized by Celent as Model Insurer Asia of the Year.
- 2014: PCQuest Best IT Implementation Award for Qlik Insights BI Development - Project with Maximum Business Impact.
- 2015: Indian Insurance Awards: Won Life Insurance Company of the Year, awarded by Fintelekt.
- 2015: Financial Services Marketing Summit Awards - Most Customer Responsive Insurance Company of the Year.
- 2016: ICAI Awards - Gold Shield for Excellence in Financial Reporting for the Annual Report.
- 2016: The Indian Insurance Awards for Best Product Innovation (Life Insurance) by Fintelekt.
- 2016: Finnoviti award to recognize and reward innovations in Banking, Financial Services and Insurance (BFSI) - Received for Cancer Care, a first of its kind standalone cancer care product from a life insurer.
- 2017: India's Best Companies to Work For - The India's Best Companies to Work for study is conducted by The Economic Times & Great Place To Work Institute.
- 2019: It won the ‘Platinum’ at the LACP Vision Awards for the 2018-19 Annual Report. The Report was ranked 22nd amongst the top 100 reports worldwide and adjudged the ‘Most Creative’ Annual Report globally.
- 2019: It was awarded the ‘ICAI Silver Award’ for excellence in Financial Reporting for its Annual Report 2018-19 in the Life Insurance category.
- 2020: HDFC Life has made it to the List of 100 Best Companies for Women in India 2020.
- 2020: HDFC Life won the DSCI Excellence Awards 2020 for Best Security Practices in Insurance Sector by Data Security Council of India.
- 2020: HDFC Life's Innovations team won the award for their ‘FaceSence’ project in the BFSI Category.
- 2020: HDFC Life won the Gold at the India DG+ Awards for the JioSaavn Kahaani Express campaign in the BFSI category.
- 2020: HDFC Life was awarded the ‘Most Innovative Insurer - Life Category’ award, at the FICCI Insurance Industry Awards 2020.
- 2020: HDFC Life received the award for ‘iEARN and LMS’ in BFSI Section.
- 2021: HDFC Life was recognised as one of the 50 Most Trusted BFSI Brands of India for epitomising excellence in the BFSI industry. The award was given by Marksmen Daily.
- 2021: HDFC Life won the 11th Aegis Graham Bell Award for Innovative digital transformation for Vision AI. The Aegis School of Business, Data Science and Cyber Security has initiated this award to promote innovations and recognize the outstanding contributions by the innovators.
- 2021: FICCI's Most Innovative Insurer Award - Life Category.
- 2021: HDFC Life certified as one of India’s Best Workplaces for Women 2021.
- 2021: HDFC Life was recognised as a Superbrand for the 8th time in a row.
- 2021: HDFC Life was awarded as one of the 100 Best Companies for women in India from Working Mother Avtar Award 2021.
- 2022: HDFC Life has been awarded 'Best Use Of AI & Machine Learning- Life Insurance' by the jury members in the 3rd Annual BFSI Technology Excellence Awards Category by Quantic India.
- 2022: HDFC Life wins ‘Product Innovator of the year - Life Insurance’ for the product - Sanchay FMP in the 3rd Annual BFSI Technology Excellence Awards Category 2022 by Quantic India.
- 2022: HDFC Life wins ‘The Experience Maker Executive of the Year’ Award at the Adobe Experience Maker Awards 2022.
- 2022: HDFC Life wins the Gold Award at 2022 Brandon Hall Excellence Awards for best use of Mobile learning.
- 2022: HDFC Life has been recognised as one of the ‘Best Companies for Women in India 2022’ by Avatar and Seramount making it to the '100 Best Hall of Fame'.
- 2022: HDFC Life has been recognised for 'Excellence in CX' at The Economic Times CX Summit.
- 2023: HDFC Life won the 2nd Annual Technology Excellence Awards 2023 for 'Automated Insurance Underwriting'.
- 2023: HDFC Life wins the 'Golden Peacock Award' for Excellence in Corporate Governance 2023.
- 2023: HDFC Life has been recognised for 'Best Innovation in Payments' at the 2nd Smart CX Summit & Awards.
- 2023: HDFC Life has been recognised for 'Best Use of Data Analytics in Business Intelligence' at the Customer Fest Leadership Awards.
- 2023: HDFC Life has been recognised for 'Best Use of Technology to Enhance Customer Experience' at the Customer Fest Leadership Awards.
- 2023: HDFC Life featured in ‘Best Workplaces Asia 2023’ by Great Place To Work.
- 2024: HDFC Life recognised in the ‘Best Customer Oriented Insurance Company’ category at the 16th ASSOCHAM Global Insurance Summit & Awards.
- 2024: HDFC Life has won the ‘Customer Service Excellence’ award in the life insurance category for Excellence and Leadership in BFSI at the 12th Golden Globe Tigers Awards.
- 2024: HDFC Life won the ‘Moment of Truth - Life Insurance’ award at the 16th ASSOCHAM Global Insurance Summit & Awards.
- 2024: HDFC Life won the 'Best Life Insurer' award at the 16th Mint BFSI Summit and Awards.
- 2024: HDFC Life felicitated with the ‘Best Customer Experience’ award at the 17th Customer Fest Leadership Awards 2024.
- 2024: HDFC Life won the ‘Best Digital Experience Life Insurance’ award at the 3rd Future of Insurance Summit & Awards 2024.
- 2025: HDFC Life honoured among the 'Best BFSI Brands' at the ET Now Best BFSI Brands 2025.
- 2025: HDFC Life recognised among the Top 50 ‘India's Best Workplaces: Building a Culture of Innovation by All 2025’ by Great Place to Work.
- 2025: HDFC Life recognised in the ‘Emerging Tech Led Innovation’ category at the IBEX BFSI Technology Awards.
- 2025: HDFC Life recognised amongst India's 'Top 25 Best Workplaces in BFSI' by Great Place To Work.
- 2025: HDFC Life certified as a Great Place to Work
Major events and milestones
- 2001: First private life insurer to launch operations in India.
- 2002: First private life insurer to declare bonus, along with founder’s bonus.
- 2002: Tie-up with HDFC Bank.
- 2003: Defined the Vision and Values of the organization.
- 2003: Crossed 1 million policies and 10,000 Agents.
- 2004: Launched Unit Linked Insurance Policy (ULIP) Products.
- 2005: Launched the brand tagline.
- 2006: Start of online premium payment facility and dedicated service helpline for customers.
- 2007: 5 lakh policies issued.
- 2008: Expanded distribution to 1 lakh Financial Consultants.
- 2008: Employee strength grew over 15,000.
- 2009: Launched 1st product in the health segment - Criticare and Surgicare.
- 2010: Brand relaunched as HDFC Life with new logo and identity.
- 2010: Total Assets Under Management (AUM) held crossed Rs 20,000 crore.
- 2011: Established a wholly owned subsidiary - HDFC Pension, to operate pension fund business under the National Pension System.
- 2012: Maiden profit declared.
- 2012: Total premium for the year crossed Rs 10,000 crore.
- 2013: Declared maiden Dividend.
- 2013: Issued over 1 million policies in a single year for the first time.
- 2013: Launch of Click 2 Buy point-of-sale underwriting system.
- 2014: AUM crossed Rs 50,000 crore mark.
- 2015: Over 5 million lives insured.
- 2015: Launched My Mix Tool to empower Sales Team to pitch solutions more effectively.
- 2015: Started the Smart Achievers Programme in collaboration with Manipal University.
- 2016: Incorporated the first international subsidiary in the UAE - HDFC International Life & Re to operate the reinsurance business.
- 2016: The Company’s total premium for the year crossed Rs 16,000 crore mark
- 2016: Embedded value crossed Rs 10,000 crore mark.
- 2017: The Company had a successful IPO to become a public limited company, which was subscribed over 3.8 times.
- 2017: On November 17, 2017, the Company’s shares were listed on BSE & NSE.
- 2017: Over 20 million lives insured during the year.
- 2018: AUM crossed Rs 1 lakh crore mark.
- 2018: Profit after tax crossed Rs 1,000 crore mark.
- 2018: HDFC International Life & Re received a global rating of BBB (Outlook Stable) from S&P Global, thereby making it one of the only two companies of Indian lineage to be rated above the sovereign rating of India.
- 2019: Changed corporate name from HDFC Standard Life Insurance Company Limited to HDFC Life Insurance Company Limited.
- 2019: Total premium for the year crossed Rs 25,000 crore.
- 2019: Over 50 million lives insured during the year.
- 2020: HDFC Life became the newest member of the Nifty 50 Index in July 2020.
- 2020: Total premium for the year crossed Rs 30,000 crore.
- 2020: The Company insured a record 60 million lives.
- 2021: Embedded Value crossed Rs 25,000 crore.
- 2021: HDFC Life wins Best Governed Company Listed Segment: Large Category at the ICSI National Awards for Excellence in Corporate Governance.
- 2022: Embedded Value crossed Rs 30,000 crore.
- 2022: Assets under management crossed Rs 2 lakh crore.
- 2022: HDFC Life became a signatory to United Nations-supported Principles for Responsible Investment.
- 2023: HDFC Life completed the first ever merger and acquisition (M&A) transaction in the Indian Life Insurance Sector.
- 2023: Total premium for the year crossed Rs 50,000 crore.
- 2024: Assets under management crossed Rs 2.5 lakh crore.
- 2024: Announced highest ever bonus of Rs 3,660 crore to more than 23 lakh policyholders.
- 2024: Embedded Value crossed Rs 40,000 crore.
- 2025: Total premium for the year crossed Rs 70,000 crore.
- 2025: Embedded value crossed Rs 50,000 crore mark.
- 2025: MSCI ESG Rating for HDFC Life upgraded to ‘A’.
