Introduction: HDFC Standard Life Insurance Company Ltd is a Mumbai headquartered life insurance provider in the country. HDFC leverages multi channel sales technique to a significant chunk of the pie. For this it employs more than 15400 people across the country. It has around 58150 agents to penetrate the market.
Date of Establishment: Company was formed in the year 2000.
Product & Service Offering: The company offers following services in:
- Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan
Customer Segment: Customer base comprises of retail and corporate clients.
Promoters of HDFC Standard Life:
1. Housing Development Finance Corporation Limited
2. Standard Life (Mauritius Holdings) 2006 Limited ("Standard Life Mauritius"); and
3. Standard Life Aberdeen plc .
Objects of the Issue: The key aim of the issue is to meet
i) leverage the benefits of getting listed on exchanges
ii) providing easy exit to current investors.