About HDFC Life
HDFC Life is a company based in Mumbai (India) founded in 2000. It operates as a Subscription Services, and Direct-to-Consumer (D2C). The company has 37,530 employees as of March 31, 2024. HDFC Life has completed 1 acquisition, including Exide Life. HDFC Life offers products and services including HDFC Life Click 2 Protect Supreme, HDFC Life Sanchay Plus, HDFC Life Sampoorn Nivesh Plus, and HDFC Life Smart Pension Plan. HDFC Life operates in a competitive market with competitors including SBI Life Insurance, Life Insurance Corporation of India, ICICI Prudential Life Insurance, PNB MetLife and Tata AIA, among others.
- Headquarter Mumbai, India
- Employees 37530 as on 31 Mar, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Hdfc Life Insurance Co. Ltd.
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Annual Revenue
$11.8 B (USD)13.58as on Mar 31, 2024
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Net Profit
$211.57 M (USD)15.04as on Mar 31, 2024
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EBITDA
$0 (USD)0as on Mar 31, 2024
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Latest Funding Round
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Investors
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Employee Count
37530
as on Mar 31, 2024
- Investments & Acquisitions
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IPO & Listings of HDFC Life
HDFC Life is a publicly listed company on the NSE with ticker symbol HDFCLIFE in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of HDFC Life
HDFC Life offers a comprehensive portfolio of products and services, including HDFC Life Click 2 Protect Supreme, HDFC Life Sanchay Plus, HDFC Life Sampoorn Nivesh Plus, and HDFC Life Smart Pension Plan. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Term insurance offering comprehensive protection for evolving needs.
Savings plan providing guaranteed income for financial security.
Unit-linked plan combining insurance with investment opportunities.
Pension plan ensuring regular income post-retirement period.
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Leadership Team
84 people
Software Development Team
65 people
Human Resources and Administration
35 people
Sales and Marketing
27 people
Associate Team
21 people
Product Management Team
20 people
Senior Team
19 people
Finance and Accounting
18 people
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Funding Insights of HDFC Life
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by HDFC Life
HDFC Life has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Exide Life. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Exide Life Insurance
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - HDFC Life
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hdfc Life Comparisons
Competitors of HDFC Life
HDFC Life operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SBI Life Insurance, Life Insurance Corporation of India, ICICI Prudential Life Insurance, PNB MetLife and Tata AIA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Life Insurance joint venture between SBI and BNP Paribas Cardiff
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| domain | founded_year | HQ Location |
Life insurance and micro insurance services are provided in India.
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| domain | founded_year | HQ Location |
Provider of life insurance services
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| domain | founded_year | HQ Location |
Provider of life insurance services
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| domain | founded_year | HQ Location |
Life and general insurance products are provided by Tata AIA.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hdfc Life
Frequently Asked Questions about HDFC Life
When was HDFC Life founded?
HDFC Life was founded in 2000.
Where is HDFC Life located?
HDFC Life is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of HDFC Life?
Vibha Umesh Padalkar is the current CEO of HDFC Life.
How many employees does HDFC Life have?
As of Mar 31, 2024, the latest employee count at HDFC Life is 37,530.
What is the annual revenue of HDFC Life?
Annual revenue of HDFC Life is $11.8B as on Mar 31, 2024.
What does HDFC Life do?
HDFC Life is established as one of Indias prominent life insurance companies, offering a diverse range of individual and group insurance solutions. These solutions are tailored to meet various needs such as protection, pension, savings, investment, and health. The company operates within the financial services sector, focusing on life insurance products like term plans, ULIPs, savings plans, and retirement plans. Services are provided through an extensive network of 652 branches across India, ensuring accessibility and support for policyholders. Comprehensive protection and financial security are delivered to approximately 5 crore lives insured as of FY 24-25.
Who are the top competitors of HDFC Life?
HDFC Life's top competitors include SBI Life Insurance, Life Insurance Corporation of India and PNB MetLife.
What products or services does HDFC Life offer?
HDFC Life offers HDFC Life Click 2 Protect Supreme, HDFC Life Sanchay Plus, HDFC Life Sampoorn Nivesh Plus, and HDFC Life Smart Pension Plan.
Is HDFC Life publicly traded?
Yes, HDFC Life is publicly traded on NSE under the ticker symbol HDFCLIFE.
How many acquisitions has HDFC Life made?
HDFC Life has made 1 acquisition, including Exide Life.
What is HDFC Life's ticker symbol?
The ticker symbol of HDFC Life is HDFCLIFE on NSE.
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