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April 27, 2015 6:49 PM ET

Insurance

Company Overview of HDFC Standard Life Insurance Co., Ltd.

Company Overview

HDFC Standard Life Insurance Company Limited provides various individual and group insurance solutions in India. The company offers term insurance plans, women's plan, health insurance plans, pension plans for retirement planning, child education plans, unit linked insurance pensions, and saving and investment plans. It serves customers through a distribution network comprising 429 branches covering 985 cities; and approximately 75,000 financial consultants, 4 bancassurance partners, and 7 pan-India brokers and corporate agency tie-ups. The company was founded in 2000 and is based in Mumbai, India. HDFC Standard Life Insurance Company Limited is a subsidiary of Housing Development Finance Co...

Lodha Excelus

12th and 13th Floors

Apollo Mills Compound

NM Joshi Marg, Mahalaxmi

Mumbai,  400011

India

Founded in 2000

13,900 Employees

Phone:

91 22 6751 6666

Fax:

91 22 6751 6333

Key Executives for HDFC Standard Life Insurance Co., Ltd.

Chief Executive Officer, Managing Director, Director, Member of Policyholders Protection Committee, Member of With Profits Committee, Member of Investment Committee, Member of Risk Management Committee and Member of Corporate Social Responsibility Committee
Age: 50
Chief Financial Officer, Executive Director, Member of Investment Committee, Member of Risk Management Committee, Member of Policyholders Protection Committee and Member of Corporate Social Responsibility Committee
Chief Executive of Europe & Asia
Chief Human Resource Officer and Senior Executive Vice President
Senior Executive Vice President
Compensation as of Fiscal Year 2014.

HDFC Standard Life Insurance Co., Ltd. Key Developments

HDFC Standard Life To Reportedly Sell 10% Via IPO

HDFC Standard Life Insurance Co., Ltd. is planning to raise INR 2.4 billion via sale of 10% stake to the public, said two people with direct knowledge of the development. The stake will be sold to the public by parent Housing Development Finance Corporation Limited (BSE:500010). Bank of America Merrill Lynch, JPMorgan, Morgan Stanley, Credit Suisse and JM Financial will manage the initial public offer, which is expected to take place in the July-September quarter.

Standard Life May Raise Its Stake In HDFC Standard To 35%

Standard Life plc (LSE:SL.) may raise its stake in HDFC Standard Life Insurance Co., Ltd. to 35% with Parliament having approved legislation that lifts the ceiling on overseas investment in the sector, two people with direct knowledge of the plan said. Standard Life may buy a 9% stake from partner Housing Development Finance Corporation Limited (BSE:500010) at INR 105 a share, they said. This is set to be followed by a listing and a further dilution in HDFC's stake to 51% through placements and an initial public offering if all goes according to plan, they said. HDFC said talks were on but there had been no agreement on the stake. "We are in discussion with Standard Life," said Keki Mistry, vice-chairman and chief executive officer of HDFC, India's largest home loan company. "There is no clarity on how much they will increase the stake. The stake sale will happen at fair value." Standard Life officials could not be reached for comment.

Standard Life Reportedly Plans To Increase Its Stake In Joint Venture

Standard Life plc (LSE:SL.) reportedly plans to increase its stake in HDFC Standard Life Insurance Co., Ltd. to 33% from 26%.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 22, 2014
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