Every parent naturally wants the best for his or her child in every sphere, particularly education. Best-in-class education is no longer a luxury; it’s a must-have for anyone who wants to excel in his or her career. But that is easier said than done, given the escalating cost of education at premier institutes coupled with increasing competition. Fortunately for you, help is at hand. Children insurance plans help build savings so that over time there is enough to finance your child’s education, marriage, house or car.
HDFC Life is one of India leading long-term life insurance solutions provider offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Childrens & Women’s Plans.
HDFC Life is a joint venture between Housing Development Finance Corporation Limited (HDFC), India leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.
HDFC Ltd. holds 72.37% and Standard Life (Mauritius Holding) Ltd. holds 26.00% of equity in the joint venture, while the rest is held by others.
HDFC Lifes product portfolio comprises solutions, which meet various customer needs such as Protection, Pension, Savings, Investment and Health. Customers have the added advantage of customizing the plans, by adding optional benefits called riders, at a nominal price. The company currently has 23 retail and 8 group products in its portfolio, along with 9 optional rider benefits catering to the savings, investment, protection and retirement needs of customers.
HDFC Life continues to have one of the widest reaches among new insurance companies with about 500 branches in India touching customers in over 900 cities and towns.The company has also established a liaison office in Dubai. HDFC Life has a strong presence in its existing markets with a strong base of Financial Consultants.
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