HDFC Standard Life Insurance Co. Ltd was incorporated on 14th august 2000. It is a joint venture between Housing Development Finance Corporation Limited (HDFC Ltd.) India and UK based Standard Life Company. Both the joint venture partners being one of the leaders in their respective areas came together in this 81.4:18.6 joint venture to form HDFC Standard Life Insurance Company Limited.
HDFC Standard Life Insurance Company Profile
The MD and CEO of HDFC Standard Life Mr. Deepak Satwalekar, has given the company new directions and has helped the company achieve the status it currently enjoys. HDFC Standard Life brings to you a whole range of insurance solutions be it group or individual or NAV services for corporations, they can be easily customized as per specific needs.
HDFC Standard Life Insurance India boasts of covering around 8.7 lakh lives by March’2007. The gross incomes standing at a whopping Rs. 2, 856 crores, HDFC Standard Life Insurance Corporation is sure to become one of the leaders and the first preference for any life insurance customer.
The Bancassurance partners of HDFC Standard Life Insurance Co Ltd are HDFC, HDFC Bank India Limited, Union Bank of India, Indian Bank, Bank of Baroda, Saraswat Bank and Bajaj Capital.
The various products by HDFC Standard Life include:
INDIVIDUAL PRODUCTS:
Protection Plans
- Term Assurance Plan
- Loan Cover Term
- Assurance Plan
Investment Plans:
- Single Premium Whole Life Plan
Pension Plans:
- Personal Pension Plan
- Unit Linked Pension Plan
- Unit Linked Pension Plus
Savings Plans:
- Endowment Assurance Plan
- Unit Linked Endowment
- Unit Linked Endowment Plus
- Money Back Plan
- Children’s Plan
- Unit Linked Youngstar
- Unit Linked Youngstar Plus
GROUP PRODUCTS
- Group Term Insurance
- Group Variable Term Insurance
- Group Unit Linked Plan
OTHER PRODUCTS
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- Rural Products
- Social Development Insurance Plan
- Tax Benefit Schemes
The premium payment options available to the customers vary from online payment to direct desk payments at the HDFC Standard Life Branches, by courier services or in drop boxes provided. You can also pay by ECS or Automatic Debit System or credit cards or standing instruction mandate. HDFC Standard Life Insurance Company is a customer oriented corporation and aim at complete customer satisfaction.
The lapsation and renewal policy of HDFC Standard Life are clearly defined on the official website. Online renewal forms are also available. For any change in personal details like the contact details or the nominee of the policy or policy benefits, online servicing is also available. Even the claim procedure has been simplified since affect of the loss life is irreparable and is thus fully understandable at HDFC Standard Life. A completely hassle-free process has been formulated to provide maximum convenience.
CONTACT DETAILS:
Website:http://www.hdfclife.com/
Toll free Number: Phone:1800 228 228
Mumbai Head Office:
HDFC Standard Life Insurance Company Limited,
‘Trade Star’,
2nd floor,
‘A’ Wing,
Junction of Kondivita and M.V. Road,
Andheri-Kurla Road,
Andheri (East),
Mumbai – 400 059.
Phone: 91- 22 – 2822 0055
Fax: 91 -22- 2822 9998
Bhopal Branch:
HDFC Standard Life Insurance Co. Ltd.,
‘1st Floor,
Star Planet,
Plot No. 9,
Zone II,
M. P. Nagar,
Bhopal – 462 011
Phone: 91-755-400 66665