HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) ('HDFC Life' / ‘Company’) is a joint venture between HDFC Ltd. one of India’s preeminent housing finance institution and Standard Life Aberdeen, a global finance company.
Instituted in 2000, HDFC Life is a principal long-term life insurance solutions facilitator in India, proposing a range of individual and group insurance solutions that satisfy various customer necessitates such as Protection, Pension, Savings, Investment and Health. In 2019 the Company has 38 individual and 11 group products in its portfolio, along with 8 optional rider benefits, provisioning to an assorted range of customer requirements.
HDFC Life proceeds to profit from its presence nationwide with 412 branches and added distribution touch-points through manifold partnerships. The Company is furthermore backed by a robust foundation of financial advisors.
HDFC Standard Life Insurance offers insurance products in the following domains :
In 2018-2019, HDFC Standard Life’s claim settlement ratio was 99.03%.