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Whatsapp Today’s Low
736.15
Todays High
796.15
Open Price
745.00
Prev. Close
745.55
Volume
79,04,749
| EXPIRY | PRICE | ||||
|---|---|---|---|---|---|
| 24 Sep | +   Buy Sell | 55.00 | -5.00 | 4.00 | 0.001 |
HDFC Life Insurance Company Limited is a leading long-term life insurance provider in India, offering a range of individual and group insurance solutions. Established in 2000, the company is a joint venture between HDFC Bank Ltd. and Standard Life (Mauritius Holdings) 2006 Limited, a global investment company. HDFC Life offers a diverse range of insurance products to cater to various customer needs like Protection Plans, Savings & Investment Plans, Retirement Plans, Health Plans, Child Plans, Group Plans. HDFC Life has a widespread distribution network across India over 467 branches nationwide. More than 300 partnerships with banks, non-banking financial companies (NBFCs), microfinance institutions (MFIs), small finance banks (SFBs), brokers, and new ecosystem partners. Robust online presence allowing customers to purchase and manage policies digitally.
As of the latest data, Housing Development Finance Corporation Ltd (HDFC Ltd) was the largest shareholder in HDFC Life. However, after the merger of HDFC Ltd with HDFC Bank, HDFC Bank is now the largest shareholder of HDFC Life Insurance.
HDFC Life Insurance is a joint venture between HDFC Ltd (now part of HDFC Bank) and Abrdn plc (formerly Standard Life), a global investment company based in the UK. Abrdn continues to be a strategic partner and minority shareholder.
HDFC Life launched its Initial Public Offering (IPO) in November 2017 at a price of ₹290 per share.
Vibha Padalkar is the Managing Director and Chief Executive Officer (CEO) of HDFC Life Insurance Company. She has been leading the company since 2018.
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