HDFC Standard Life Insurance Company Ltd IPO (HDFC Life IPO)

HDFC Standard Life Insurance Company Limited, is among the top five private life insurers in India (measured on total new business premium) in Fiscal 2016 and Fiscal 2017 and also one of the most profitable life insurers in India (based on Value of New Business (VNB) margin), according to CRISIL. Besides consistently being among the top three private life insurers in terms of profitability based on VNB margin, the company has also consistently been among the top three private life insurers in terms of market share based on total new business premium between Fiscal 2015 and Fiscal 2017, according to CRISIL.

The Company believes that its strong parentage and its trusted brand enhance its appeal to consumers. It was one of the first private life insurance company to register in India and was established as a joint venture between HDFC (one of India’s leading housing finance institutions) and Standard Life Aberdeen plc (one of the world’s largest investment companies), initially through its wholly-owned subsidiary The Standard Life Assurance Company and now through its wholly-owned subsidiary, Standard Life Mauritius.