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...  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...  Read More »

Life insurance companies in India focused on controlling costs and renewal business which enabled them to make higher profits in 2010-2011 as compared to the previous year.

Last year, when insurance companies were worried about the new guidelines on Unit Linked Insurance Plans (ULIPs) and how it would affect their business, Insurance Regulatory and Development Authority (IRDA) suggested them to cut down on costs in order to stay profitable. This suggestion hinted towards redesigning of...  Read More »

HDFC Standard Life Insurance Company, the first private life insurer to set up a shop in India, expects to break even in financial year 2012, helped by a rise in premium incomes and reduction in operational expenses, its MD and CEO Amitabh Chaudhry said on Wednesday.

A joint venture between India’s leading housing finance institution HDFC Limited and Britain’s Standard Life Plc, the insurer offers a range of individual and group insurance solutions. HDFC Standard Life's product basket...  Read More »

HDFC Life Insurance Company has come up with a first of its kind ‘Most Important Document’ (MID) as a part of its Customer Centric Approach that aims to educate policyholders.

 
MID is one page questionnaire which is a set of yes/no statements to confirm that the customer is fully aware of the policy details like the policy term, premium amount, sum assured, frequency of the payments etc.

These minor details are of great importance to a customer who may not have the time to go over the...  Read More »

HDFC Life has been declared a winner of the Performance Excellence Trophy at the IMC Ramkrishna Bajaj National Quality Award (IMC RBNQA) 2010.

The occasion was graced by many dignitaries as the IMC RBNQA is one of the most prestigious awards in the country. The awards are presented to organizations across six categories which are Manufacturing, Service, Small Businesses, Overseas Organizations, Education and Healthcare.

HDFC Life Insurance bagged the award in the service category. Paresh...  Read More »

In a new marketing initiative, HDFC Life Insurance Company yesterday announced their association with the new bollywood film “Patiala House.”

The new movie is about family bonding, attachments and ambitions in life. Akshay Kumar plays the character of a second-generation Sikh in London, who gives up his dream to save his father's reputation until he meets a girl (Anoushka Sharma), who gives him the strength to stand up for what he believes. ‘Sar Utha ke Jiyo’ has been HDFC Life Insurance...  Read More »