October 01, 2016 4:26 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 provides life insurance plans, such as term insurance, women's, health insurance, pension plans for retirement planning, child education plans, unit linked insurance plans, and saving and investment plans. As of March 31, 2016, it operated a network of 398 branches. The company was founded in 2000 and is based in Mumbai, India. HDFC Standard Life Insurance Company Limited operates as a subsidiary of Housing Development Finance Corporation Limited.

Lodha Excelus

12th, 13th & 14th Floor

Apollo Mills Compound

N M Joshi Marg, Mahalaxmi

Mumbai,  400011

India

Founded in 2000

15,254 Employees

Phone:

91 22 6751 6666

Fax:

91 22 6751 6861

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

Chief Executive Officer, Managing Director, Executive 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: 52
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 Investment Officer, Senior Executive Vice President and Member of Investment Committee
Head of Marketing, Analytics, Digital & E-Commerce and Senior Executive Vice President
Head of Group Sales & Bancassurance and Senior Executive Vice President
Compensation as of Fiscal Year 2016.

HDFC Standard Life Insurance Co., Ltd. Key Developments

Catholic Syrian Bank Seeks To Raise Funds

The Catholic Syrian Bank Limited is planning to raise money by way of preferential allotment of equity in favour of investors. They include Edelweiss Tokio Life Insurance Company Limited, Reliance Capital Limited (BSE:500111), ICICI Prudential Asset Management Company Limited, HDFC Standard Life Insurance Co., Ltd., Bennet Coleman & Company Limited, Bharati AXA Life insurance Company Limited and Bajaj Allianz General Insuramce Co. Ltd. While the management of the Bank was not available for comment immediately, notice to the investors stated that the Bank is planning to issue and allot up to 13.203856 million equity shares for cash at a price to be determined by the Board with the price band of INR 100 to INR 120 per share, including premium. The total consideration would be around INR 1.32 billion to INR 1.58 billion.

HDFC Standard Life Insurance Co., Ltd. Presents at Kotak Securities Group Meeting, Aug-22-2016

HDFC Standard Life Insurance Co., Ltd. Presents at Kotak Securities Group Meeting, Aug-22-2016 .

Hdfc Life Mulls Acquisitions

HDFC Standard Life Insurance Co., Ltd. is seeking acquisitions. If right deals come along, we will continue to look at acquisitions, Amitabh Chaudhry, Managing Director and Chief Executive Officer of Hdfc Life, said.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 30, 2016
Utkarsh Micro Finance Private Limited
Merger/Acquisition
August 8, 2016
Max Life Insurance Company Limited, Life Insurance Business
Merger/Acquisition
June 17, 2016
Max Life Insurance Company Limited and Max Financial Services Limited
 

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