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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]
In 2008, it crossed the mark of 5 million policies and ₹ 100 billion (US$1.2 billion) in total premiums received. [12] In 2010, the company had grown up to ₹ 500 billion (US$6.0 billion) mark in assets under management (AUM). [13] In 2015, the company had crossed ₹ 1 trillion (US$12 billion) mark in assets under management (AUM). [14]
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]
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
More than 1 million Americans live with human immunodeficiency virus, or HIV, with tens of thousands of new diagnoses each year. But with earlier diagnoses and advances in treatment, HIV, the ...
The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$610 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$99 billion) recorded in December 2013.
Trump's tariffs, ranging from 20% to 60%, will drive up prices and inflation, leaving consumers with only a few options to prepare. ... Trump's trade plans could spell trouble for prices, and ...