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September 03, 2015 3:33 AM 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: 51
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
Head of Marketing, Product, Digital & E-Commerce and Senior Executive Vice President
Head of Group Sales & Bancassurance and Executive Vice President
Compensation as of Fiscal Year 2015.

HDFC Standard Life Insurance Co., Ltd. Key Developments

HDFC Standard Mulls IPO

HDFC Standard Life Insurance Co., Ltd. intends to pursue an initial public offering (IPO). HDFC Standard plans to hit market early next financial year and sell 25% stake for INR 60 billion. HDFC Standard is in talks with bankers to give out the mandate for the IPO, said the executive, who did not wish to be identified.

HDFC Standard Life Insurance Co., Ltd. Presents at India Corporate Forum 2015: Banks and Financials, Jun-11-2015 02:00 PM

HDFC Standard Life Insurance Co., Ltd. Presents at India Corporate Forum 2015: Banks and Financials, Jun-11-2015 02:00 PM. Venue: The Trident Hotel, Bandra Kurla Complex, Mumbai, Maharashtra, India. Speakers: Amitabh Chaudhry, 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.

HDFC Life Listing Only After Standard Life Stake Hike

A senior official of Housing Development Finance Corporation Limited (BSE:500010) said on April 29, 2015 that a decision to list its life insurance arm, HDFC Standard Life Insurance Co., Ltd. (HDFC Life), will be taken only after its joint venture partner Standard Life plc (LSE:SL.) hikes its stake in the company. "Yes, we are very keen to do an initial public offering (IPO) for HDFC Life, but first, we would want the Standard Life transaction to be completed," HDFC Vice-Chairman and Chief Executive Officer Keki Mistry told reporters. "They would probably want to increase their stake to some level. We are discussing with them about the level up to which they would like to hike their stake. Once it is decided, we will be able to articulate our future strategy," Mistry said.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 14, 2015
--
Merger/Acquisition
December 22, 2014
--
 

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