HDFC Standard Life Insurance & Career Plan 19 January 2019


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HDFC Standard Life Insurance & Career Plan: HDFC Standard Life Insurance company is a leading organization in India. As a leading insurer, it always needs a huge working force to spread its work all around the world. Every year HDFC recruit many employees in a various department. So, to get selected in the organization you must know some detailed information about the company. So, to help you with it, We have updated the following article which will surely update about all the information about the Company and career plan that you can pursue.

HDFC Standard Life Insurance & Career Plan

HDFC Standard Life Insurance is also known as HDFC Life. It is one of leading private life insurers in India. It works in both group and individual insurance products and solutions.  There is a joint venture of Standard Life PLC and Housing Development Finance Corporation Limited (HDFC). HDFC is the top Indian company in housing finance and Standard Life is a well known financial services company.

Total 72.37 percent of the insurer shares are owned by HDFC Ltd and Standard Life (Mauritius Holding) Ltd holds about 26 percent of the shares. The remaining of equity is owned by others.

The Sub companies of HDFC Life are as follows: 

  • HDFC Limited
  • HDFC Bank
  • HDFC Mutual Fund
  • HDFC Sales
  • HDFC ERGO General Insurance
  • HDB Financial Services
  • HDFC Securities
  • HDFC Trustee Company Ltd.
  • HDFC Investments Ltd.
  • GRUH Finance Ltd.
  • HDFC Holdings Ltd.
  • HDFC Developers Ltd.
  • Credit Information Bureau (India) Ltd
  • HDFC Property Ventures Ltd.
  • HDFC Securities
  • HDFC Ventures Trustee Company Ltd.
  • HDB Financial Services

Besides HDFC Bank, the assurance partners of HDFC Life are Indian Bank and Saraswat Bank.

 Awards Achieved by HDFC Standard Life Insurance

List of awards achieved by HDFC Life in 2012 are as follows:

Award Provider/Award Ceremony
CFO 100 Roll of Honour
Silver Award for Excellence in Life Insurance My FM Star of the Industry Awards Excellence in Life Insurance
Gold Category Award Century International Quality ERA Award
Winner for Customer and Brand Loyalty in “Insurance Sector-Life” 5th Loyalty Awards 2012 – Insurance Sector (Life)
Model Insurer 2012 Celent Model Insurer Global Award
Life Insurer of the Year Award Bloomberg UTV Financial Leadership Awards
Best Product Innovation Award Indian Insurance Award 2012
BestPrax Benchmark 2012 Award BestPrax Benchmark
One of the top 50 “Best Companies to Work” Great Places to Work Institute, and Economic Times
Business Superbrand India 2010-11 Business Superbrands Council

Management Board of HDFC Standard Life Insurance

The following officials make up the board of HDFC Life:

Name Designation
Deepak S Parekh Chairman of HDFC Life, and Chairman and Director of HDFC Limited
Renu S Karnad Managing Director of HDFC Limited
Nathan Parnaby Chief Executive, Europe & Asia, Standard Life
Gautam R Divan
Ravi Narain Managing Director and CEO of National Stock Exchange Limited
SA Dave Chairman of Center for Monitoring Indian Economy
Micheal G Connarty Alternate Director, Standard Life
Vibha Padalkar Executive Director and Chief Financial Officer of HDFC Life
Keki M Mistry Vice Chairman and Chief Executive Officer of HDFC Limited
David Nish Chief Executive, Standard Life PLC
Norman Skeoch Chief Executive, Standard Life Investments
Ranjan Pant
AKT Chari Director
Gerald E Grimstone Chairman, Standard Life
Amitabh Chaudhry MD and CEO, HDFC Life

The other management team of the HDFC life is as follow:

Name Designation
Anup Rau Senior Executive Vice President
Sanjay Tripathy Executive Vice President
Srinivasan Parthasarathy Chief Actuary and Appointed Actuary
Subrat Mohanty Senior Vice President
Prasun Gajri Chief Investment Officer
Sanjeev Kapur Executive Vice President
Rajendra Ghag Executive Vice President

HDFC Standard Life Insurance Financial Details

Some important financial details of HDFC Life are as follows:

Domain Figure in INR Thousands
Income from gross interest, rent, and dividend Rs. 120,128/-
Profit on redemption and sale of investments Rs. 14,489/-
Other income Rs. 1/-
Expenses not directly linked to the insurance business Rs. 15,187/-
Contribution to policyholders’ fund Rs. 28,479/-
Profit/(loss) before taxation Rs.  90,375/-
Provision for taxation Rs. 5,222/-
Profit/(loss) after taxation Rs 85,153/-

HDFC Standard Life Insurance Products

HDFC Life offer various other products too. They can be  categorized into term plans, savings and investment plans, children’s plans, health plans etc. They further categories are as follows:

Term Plans

  • HDFC Click 2 Protect
  • Loan Cover Term Assurance Plan
  •  Term Assurance Plan
  •  Home Loan Protection Plan
  •  Premium Guarantee Plan

Children’s Plans

  • HDFC Children’s Plan
  • HDFC SL YoungStar Super Premium
  • HDFC SL YoungStar Super II

Women’s Plans

  • HDFC Life Smart Woman Plan

Savings and Investment Plans

  • HDFC Life Sampoorn Samridhi Insurance Plan
  •  SL New Money Back Plan
  •  Endowment Assurance Plan
  •  Single Premium Whole of Life Insurance Plan
  •  SL Crest
  •  Assurance Plan
  •  SL ProGrowth Super II
  •  Savings Assurance Plan
  • SL ProGrowth Flexi
  • Endowment Gain Insurance Plan
  •  Life ProGrowth Plus
  • ClassicAssure Insurance Plan
  •  SL ProGrowth Maximiser
  •  Immediate Annuity
  •  Life Invest Wise Plan

Health Plans

  • HDFC SurgiCare Plan
  •  Critical Care Plan

Group Plans

  • Group Term Insurance Plan
  • Leave Encashment Solution
  •  Variable Term Insurance Plan
  • SL Group Savings Plan
  • Group Gratuity Solutions
  •  SL Group Traditional Plan

News about HDFC Standard Life Insurance

HDFC Life  on September 2017 appointed Vibha Padalkar as a chief financial officer as its executive director. She joined the organization in 2008 as a chief financial officer.

Amitabh Chaudhry, the Managing Director, and Chief Executive has informed the media that Padalkar has played a crucial role in helping the insurer achieve some important milestones in an organization. She has also been involved in setting up a risk management system for the entire organization. He also stated that Padalkar has played a vital role to make certain tax changes that can manage their cost ratios and make an impact on the industry on the whole.

HDFC Standard Life Insurance Office Network

HDFC Life has currently 500 branches in different parts of India and operates in more 900 towns and cities across the country. HDFC also has a liaison office at Dubai. It also has a credible network of financial consultants who have helped it create a strong presence in the present fiscal markets.

We hope that our article about HDFC Standard Life Insurance & Career Plan will surely help.


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