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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 corporates 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 ...
The company had over 1.5 million customers and managed assets exceeding INR 18,000 crores (INR 180 billion). [3] Established in 2001 and headquartered in Bangalore, the company provided long-term protection and savings options. [4] Exide Life merged with HDFC Life in late 2022.
Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai.It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$630 billion) as of March 2024. [4]
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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]
“Wait for the man who randomly tears up because he’s so in love," Madison Perrott wrote alongside the sweet clip of her boyfriend of over a year
In the IPO, parent company ICICI Bank Limited offloaded 12.65% stake worth ₹ 5,000 crore (US$744.1 million). [ 16 ] [ 17 ] [ 18 ] In 2017, ICICI Prudential Life was to take over Sahara Life's insurance business on request from the regulator IRDA in a motive to resolve the crisis at Sahara's life insurance arm. [ 19 ]