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HDFC standard life Insurance has in very short time, registered its name in the top most private insurance companies. HDFC standard life insurance is a joint venture of the Indian housing finance institution, Housing Development Finance Corporation Limited (HDFC Ltd.) and a UK giant, a Group company of the Standard Life. These two giants from Indian and UK business industries joined hands together on 31st December 2007. Since then there has been no looking back. In such a short time, with their expertise and good consumer base, HDFC Standard Life Insurance has carved out a niche for itself. It is a name to reckon with in insurance sector. Though, a comparatively new entrant but it is sure to come out with flying colors, seeing its strong roots and backing. The equity is divided between two partners in 72:38 ratios.
The strength of HDFC Standard Life Insurance is financial expertise. They are known for making, securing and earning profit out of long term investments. HDFC Standard Life Insurance provides all types of insurance � In auto insurance they offer, Motor insurance. Apart from this they have Home insurance and Casualty insurance. They have a special offer under Specialty insurance covering commercial crimes etc. in the accident insurance HDFC offers, Group accident insurance, Hospital Cash Accident insurance. In travel insurance they have, Business Travel. They have a wide range of insurance for the rural sector, namely- Gramin Suraksha Bima, Parivar suraksha bima and Cattle insurance
HDFC Standard Life Insurance claims to have made good profits, a statistic quoted in their website says, "Our gross premium income, for the year ending March 31, 2008 stood at Rs. 4,859 crores and new business premium income stood at Rs. 2,685 crores. The company has covered over 9,59,000 lives year ending March 31, 2008".
This is a reliable growth rate. HDFC Standard Life Insurance is sure to venture deep in to Indian insurance market.
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