HDFC Life Insurance: Attractive Business Franchise, Says ICICI Direct
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ICICI Direct Report
HDFC Standard Life Insurance Co. Ltd. is among the dominant private players in the Indian life insurance space today. It was established in 2000, as a joint venture between HDFC Ltd. and Standard Life.
The company is one of the most profitable in the industry and has gradually shifted from unit-linked insurance plan heavy to a more balanced product mix.
HDFC Life has a strong distribution network with partnerships ranging from banks (includes HDFC Bank Ltd.), non-banking financial companies, microfinance institutions and new age distributors.
Diversified product portfolio and focus on product innovation has enabled HDFC Life to be ahead of the curve.
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