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Total equity. ₹12,990 crore (US$1.6 billion) [2] (2023) Parent. HDFC Bank (50.39%) [3] Website. www .hdfclife .com. HDFC Life Insurance Company Limited ( d/b/a HDFC Life) [4] is a long-term life insurance provider headquartered in Mumbai, offering individual and group insurance services. The company was incorporated on 14 August 2000.
The net asset value varies from one plan to another based on market conditions and fund performance. Features. A portion of premium goes towards mortality charges, i.e., providing life cover. The remaining portion gets invested into funds of the policyholder's choice. Invested funds continue to earn market linked returns.
HDFC Life. HDFC Mutual Fund [7] HDFC Credila [8] Website. www.hdfc.com. Housing Development Finance Corporation was an Indian private sector mortgage lender based in Mumbai. [9] [10] It was the biggest housing finance company in India. [11] It also had a presence in banking, life and general insurance, asset management, venture capital and ...
HDFC international Life & Re offers reinsurance on treaty and facultative basis As part of proportional reinsurance, it provides ‘quota share’ and/or ‘surplus’ for individual and group life policies as well as credit life policies. The reinsurance company also provides to its cedents customised insuretech platforms. [1]
4. No-budget budget: Best for freedom and flexibility. The no-budget budget is a simplified, no-frills budgeting method that focuses on the two key metrics: your monthly income and your monthly ...
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 ₹49.24 trillion (US$620 billion) as of March 2023. [3]
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Direct Benefit Transfer [a] or DBT is an attempt to change the mechanism of transferring subsidies launched by Government of India on 1 January 2013. This scheme or program aims to establish a Giro system to transfer subsidies directly to the people through their linked bank accounts. It is hoped that crediting subsidies into bank accounts will ...
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