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HDFC Life News

27 Jun 2023

Indian Shares Gain On HDFC Life, Sensex Rises 0.23% To 63,112.55

The shift in the Eid market holiday came after the government of Maharashtra state, where India's financial capital Mumbai is located, changed the date for the holiday late on Monday. The National Stock Exchange also said the expiry date for June futures and options contracts is now revised to June 28 from June 29 earlier.

27 Jan 2023

HDFC Life Policyholders Can Now Pay Premiums with NPCI's UPI 123PAY

UPI 123PAY is a payment facility through a pre-defined IVR that enable customers to make financial transactions with or without an internet connection.

29 Dec 2021

Buying term insurance gets expensive for low-income, non-graduate customers

Customers earning less than Rs 5 lakh annually will have to pay more for purchasing term insurance. Moreover, non-graduate customers will also have to pay more for term insurance plans. Top insurers have increased the premiums of the policies to make them unaffordable for many.

insurance industry

24 Sep 2017

'Insurance sector undergoing disruptions, trend to accelerate'

Commenting on the performance of the industry, he said the "insurance sector has done well last year. The disintegration of banking reforms in crop insurance has helped both life and non-life insurance sectors".

08 Jun 2017

Max Life, HDFC Life 'committed to merger', weighing options

Max India on Thursday said Max Life and HDFC Life remain committed to merger and are evaluating various options after the insurance regulator Irdai again expressed reservations on the deal.

24 May 2017

Financial sector readies for IPO rush worth over Rs 20,000 crore

The IPO market is heading for a heavy rush with a number of high-profile names including UTI Mutual Fund and SBI Life expected to launch their initial public offers amounting to Rs 20,000 crore in coming months.

29 Sep 2016

Max Life, HDFC Life merger to be completed in 12 months

With Max Financial Services getting merger approval from minority shareholders, the amalgamation of Max Life and HDFC Life is likely to be completed in the next 12 months.

HDFC Life-Max Life merger

09 Aug 2016

Live Press conference after HDFC Life-Max Life merger | Part-I

00 PM for getting detailed updates!

08 Aug 2016

HDFC Life to merge with Max Life, set to become biggest private life insurer

Singalling more consolidation in the cluttered life insurance space, HDFC and Max groups Monday decided to merge their life insurance businesses to create the biggest private life insurer with combine asset base of Rs 1.1 lakh crore in a complex multi-stage share swap deal.

26 Oct 2015

HDFC Life IPO likely in mid-2016

Mortgage lender HDFC Monday said it is likely to go for public listing of its life insurance subsidiary in mid-2016 once its joint venture partner Standard Life hikes stake to 35 percent.

Competition Commission of India

15 Oct 2015

CCI clears Standard Life's additional stake buy in HDFC Life

The British firm would be increasing its stake to 35 percent from 26 percent as the Indian government has allowed up to 49 percent FDI in the domestic insurance sector.

14 Aug 2015

HDFC to sell 9% stake in HDFC Life to UK firm for over Rs 1700 crore

HDFC on Friday said it will sell 9 percent stake in HDFC Life to its British joint venture partner Standard Life for a little over Rs 1,700 crore.

29 Apr 2015

HDFC Life listing only after Standard Life stake hike

A senior official of mortgage lender HDFC said Wednesday that a decision to list its life insurance arm, HDFC Life, will be taken only after its joint venture partner Standard Life hikes its stake in the company.

22 Dec 2014

HDFC Life to sell shares to Premji trust for about Rs 199 cr

The shares to be sold, represent 0.95 percent of the total issued and paid-up equity capital of HDFC Life.

01 Sep 2014

HDFC Life launches Health Assure Plan

Private insurer HDFC Life on Monday launched a health insurance product Health Assure Plan that aims to provide a comprehensive health cover.

24 Jun 2014

HDFC Life expects premium growth of 10-15% in FY'15

The company's total premium witnessed 7 percent growth at Rs 12,063 crore in 2013-14, compared to Rs 11,323 crore in the previous fiscal.

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