HDFC Life has launched two new pension plans, HDFC Life Super Plus, a regular premium unit linked plan and HDFC Life Single Premium pension super, a single premium unit linked plan.



On the occasion of these launches, MD and CEO of HDFC Life, Mr. Amitabh Chaudhry expressed that HDFC has been the one of the first companies among the private insurance companies in India to have launched 2 new Pension Plans under the new rules of the IRDA. Their team conducted a study to identify the current...  Read More »

According to a report shared by Insurance Regulatory and Development Authority (IRDA), premium collection of the Life Insurance Companies fell by 3.45 per cent during the first seven months of the financial year 2012-13. This fall is attributed by various factors such as lack of innovative products, volatile equity market and various other factors that are affecting financial sectors. The categories under which premiums are collected by Life Insurance Companies comprises of four segments are...  Read More »

The Insurance Regulatory and Development Authority (IRDA) has levied a fine of Rs.1,47,00,000 on HDFC Standard Life Insurance Company Ltd basis their onsite inspection done in July 2010 at HDFC Life’s premises.

The officials at IRDA observed that sums ranging from Rs 0.06 Crores to Rs286.92 crores were paid to HDFC, HDFC Bank, HDFC Securities and HDB Fin Services who are the “Corporate Agents” of the Insurer under guise of utilising network for marketing and advertisement campaigns. IRDA...  Read More »

HDFC LIFE which is a joint venture between HDFC Ltd and Standard Life PLC, a leading provider of financial services in United Kingdom has come up with a new unit linked plan for working women called “HDFC Life Smart Woman Plan”.

With the launch of this innovative plan, HDFC Life expects a hike of 30% in their overall premiums. This plan is designed for women to manage difficulties in their critical stage and conditions. It works well to manage their financial needs. This product is available...  Read More »

HDFC Life Insurance Company conducted pan-India quiz 'Mission In-genius 2011' for its employees at the ITC Grand Central.

Mission In-genius 2011 was first initiated in 2006 and this is the 3rd season that the company has hosted this quiz to test insurance knowledge of its employees across various levels. The idea is to use an interesting platform to keep its employees updated with what is happening in the company and the insurance industry.  The contest received participation from around 7300...  Read More »

Last month, IRDA issued draft guidelines for life insurance companies in India, to release their Initial Public Offer (IPO).
 

As per the IPO guidelines, life insurance companies which have completed 10 years of operations and meet specific criteria laid down by the regulator are eligible to go public.
 

HDFC Life insurance meets the 10-year in existence clause. Deepak Parekh, Chairman of HDFC Life Insurance said that the company is planning to come up with an IPO for insurance and is likely...  Read More »

SBI Life Insurance Company has managed to overshadow all the 21 private life insurance companies for the month of May 2011 by collecting premiums of Rs 394.38 crores.

In comparison to SBI Life’s business figures, ICICI Prudential Life has collected only Rs 245.6 crores in May, followed by HDFC Life Insurance Company's collections of Rs 187.3 crores. These three are the top three private life insurance companies in terms of their business figures for last month.

There are 22 private life...  Read More »

‘Sampoorn Samridhi’ is HDFC Life’s new addition to its Savings and Investments product portfolio. This new insurance plan is a ‘with profit’ traditional policy with a blend of Endowment plan and Whole Life Plan.

The plan is open to all customers in the age group 18 to 60 yrs and the maximum age at maturity ceases at 75 years. The minimum policy term is 5 years whereas the maximum policy year is 40 years.

HDFC Life Sampoorn Samridhi gives an opportunity to policyholder to choose from the 2...  Read More »

Private insurance company HDFC Life had bagged the Top 100 CISO Award 2011 for outstanding performance in its information security and technology practices.

Sharad Sadadekar, Chief Information Security Officer, HDFC Life Insurance was presented this award for executing superior Information Security practices amongst Indian companies. Sharad Sadadekar was extremely happy to receive the award and said, "The award is recognition of HDFC Life's robust and effective information security practices,...  Read More »