HDFC Life, one of India's leading private life insurance companies is a joint venture between Housing Development Finance Corporation Limited (HDFC), India's leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.
HDFC Life has one of the widest reaches among new insurance companies through a network serving over 700 cities and towns across the country via their 2,007,000 Financial Consultants.
Per the Insurance Regulatory and Development Authority (IRDA), the solvency ratio required is 150%. HDFC’s solvency ratio is around 188%.
HDFC Life has a strong market position (4th) in the group life segment. it maintains strong partnerships with brokers and corporate agencies to sell its products.
HDFC Life offers a range of individual and group insurance solutions. The company offers a range of group insurance solutions, such as group term insurance plan, group variable term insurance plan, group gratuity solutions, group leave encashment solution, and traditional plans.