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HDFC Life Insurance Co Ltd: Overview

HDFC Life Insurance Co Ltd (HDFC Life) formerly known as HDFC Standard Life Insurance Co Ltd, a subsidiary of Housing Development Finance Corporation Ltd, is a provider of life insurance products. The company offers a range of group and individual life insurance solutions. It offers term insurance, unit linked insurance plans, savings and investment plans, health plans, women and children’s plans and retirement plans. HDFC Life offers these products and services to both individuals and corporate customers through its network of agents, brokers, banks, and online and direct channels across India. HDFC Life is headquartered in Mumbai, India.

Headquarters India

Address 12th & 13th Floor, Lodha Excelus, Apollo, Mumbai, 400011


Telephone 91 22 67516666

No of Employees 22,059

Industry Financial Services

Ticker Symbol & Exchange HDFCLIFE (NSE)

Revenue (2022) $8.8B 24.6% (2022 vs 2021)

EPS XXX

Net Income (2022) XXX -2.5% (2022 vs 2021)

Market Cap* $15.4B

Net Profit Margin (2022) XXX -21.8% (2022 vs 2021)

* As of and is in US$

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Products and Services

Products
Savings and Investments Plans
Health Plans
Protection Plans
XXX
XXX
XXX
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Contracts/Agreements In November, the company and IvyCamp partnered to launch ‘Futurance’ Phase 5 to select and collaborate with innovative and disruptive start-ups.
2022 Others In September, the company launched HDFC Life launched Insure India Campaign.
2022 Regulatory Approval In September, the company secured approval from National Company Law Tribunal to merge with Exide Life Insurance.
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Competitor Comparison

Key Parameters HDFC Life Insurance Co Ltd Life Insurance Corporation of India ICICI Prudential Life Insurance Co Ltd Max Life insurance Co Ltd Tata AIA Life Insurance Co Ltd
Headquarters India India India India India
City Mumbai Mumbai Mumbai Gurugram Mumbai
State/Province - - - Haryana Maharashtra
No. of Employees 22,059 104,036 15,530 12,082 7,885
Entity Type Public Public Public Private Private
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Executives
Name Position Board Since Age
Vibha Padalkar Chief Executive Officer; Managing Director Executive Board - -
Niraj Shah Chief Financial Officer Senior Management 2019 -
Narendra Gangan Chief Compliance Officer; General Counsel; Company Secretary Senior Management 2021 -
Prasun Gajri Chief Investment Officer Senior Management 2009 -
Vibhash Naik Chief Human Resources Officer Senior Management - -
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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