HDFC Life Insurance Co Ltd - Company Profile
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HDFC Life Insurance Co Ltd (HDFC Life), formerly HDFC Standard Life Insurance Co Ltd, is a subsidiary of HDFC Bank Ltd. It 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’s 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 in India. HDFC Life is headquartered in Mumbai, Maharashtra. India.
Headquarters
India
Address
12th & 13th Floor, Lodha Excelus, Apollo, Mumbai, Maharashtra, 400011
Website
www.hdfclife.com
Telephone
91 22 67516666
No of Employees
32,448
Industry
Financial Services
Ticker Symbol & Exchange
HDFCLIFE (NSE)
Revenue (2022)
$9.7B
17.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
3.1%
(2022 vs 2021)
Market Cap*
$16.0B
Net Profit Margin (2022)
XYZ
-12.7%
(2022 vs 2021)
* As of and is in US$
HDFC Life Insurance Co Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Savings and Investments Plans | Online Sevices |
| Health Plans | Claims |
| Protection Plans | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In February, the company launched a new HDFC Life Click 2 Achieve. |
| 2023 | Contracts/Agreements | In December, the company entered into a partnership with NKGSB Co-operative Bank to allow NKGSB Co-operative Bank customers to avail of life insurance products. |
| 2023 | Contracts/Agreements | In December, the company entered into a corporate agency partnership with Karur Vysya Bank to give access to Karur Vysya Bank's customers to avail life insurance products from HDFC Life. |
Competitor Comparison
| Key Parameters | HDFC Life Insurance Co Ltd | ICICI Prudential Life Insurance Co Ltd | Max Life insurance Co Ltd | Tata AIA Life Insurance Co Ltd | Aditya Birla Sun Life Insurance Company Limited |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Mumbai | Mumbai | Gurugram | Mumbai | Mumbai |
| State/Province | Maharashtra | Maharashtra | Haryana | Maharashtra | Maharashtra |
| No. of Employees | 32,448 | 17,825 | 19,338 | 12,307 | 16,800 |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Vibha Padalkar | Managing Director; Chief Executive Officer; Director | Executive Board | 2018 | - |
| Niraj Shah | Director; Chief Financial Officer | Executive Board | 2023 | - |
| Vineet Arora | Chief Operating Officer | Senior Management | 2022 | - |
| Rangarajan B N | Chief Risk Officer | Senior Management | 2022 | - |
| Narendra Gangan | Company Secretary; Chief Compliance Officer; General Counsel | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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