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HDFC Ltd. And ERGO International AG formed a joint venture firm named HDFC ERGO General Insurance Company Limited. [3] ERGO became a 49% stakeholder in the Company in 2015. In June 2019, HDFC announced plans to acquire a 51.2 percent stake in Apollo Munich Health Insurance and later merged it with its general insurance arm, HDFC ERGO. [4]
The company is a joint venture between Housing Development Finance Corporation Ltd (HDFC), one of India's leading housing finance institutions and Abrdn, a global investment company. [5] As of 31 March 2020, the promoters; HDFC Ltd. and Standard Life (Mauritius Holdings) 2006 Ltd. hold a 51.69% and 34.75% stake in HDFC Life respectively. [5]
The company provides housing finance to individuals and corporations for purchase/construction of residential houses. [13] [17] The type of loans offered by company include loans for purchase and construction of a residential units, purchase of land, home improvement loans, home extension loans, non-residential premise loans for professionals and loan against property and repayment options ...
Hasmukh Thakordas Parekh (10 March 1911 – 18 November 1994) was an Indian financial entrepreneur, writer and philanthropist. He played a role in the development of Industrial Credit & Investment Corporation of India, now ICICI Bank, founded the Housing Development Finance Corporation, and in 1992 was awarded the Padma Bhushan for his contribution to the finance industry in India. [2]
Home insurance, also commonly called homeowner's insurance (often abbreviated in the US real estate industry as HOI [note 1]), is a type of property insurance that covers a private residence.
In September 1994 he returned to India as managing director of HDFC Bank. [1] [6] He presided over HDFC's acquisitions of Times Bank Limited in 2000 and of Centurion Bank of Punjab in 2010. [1] [7] In August 2019 he was reported to be the most highly paid CEO of any Indian bank with a monthly salary of ₹ 89 lakh (US$100,000). [8]
Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called "straight life" or "ordinary life", is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date. [1]
Restoring Family Links (RFL) is a program of the Red Cross and Red Crescent Movement, more specifically the International Committee of the Red Cross (ICRC) and National Red Cross and Red Crescent Societies involving activities that aim to prevent separation and disappearance, look for missing persons, restore and maintain contact between family ...