HDFC Life Certified as one of ‘India’s Best Companies to Work For’ 2024 and ‘Best in Industry for Life Insurance’
Bengaluru, 4 July, 2024: HDFC Life, a leading life insurer in India, has been recognised as one of ‘India’s Best Companies to Work For’ 2024 by Great Place to Work.
The company achieved the 11th position overall and was honoured as the ‘Best in Industry’ for Life Insurance’. It also features among the Laureates, marking a decade of recognition.
One of India’s first private life insurers, HDFC Life has over 32,000 employees and upholds a strong organisational culture founded on the values of Excellence, People Engagement, Integrity, Customer Centricity & Collaboration (EPICC).
This certification reflects the Company’s value-driven culture and commitment to delivering value to all stakeholders.
Vibhash Naik, Chief Human Resources Officer, HDFC Life, stated “We are honoured to be recognised as one of ‘India’s Best Companies to Work For’ in 2024 and as the ‘Best in Industry for Life Insurance’. Our teams’ dedication and commitment drive our success, and we are devoted to their growth and wellbeing. As we strive towards financial security for all Indians, we remain Focused on our goal of ‘Insurance for all’ by 2047.”
About HDFC Life
Established in 2000, HDFC Life Insurance Company Limited (‘HDFC Life’/ ‘Company’) is a leading, listed, long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, Annuity, and Health. The Company has more than 83 products (including individual and group products) and optional riders in its portfolio, catering to a diverse range of customer needs.
HDFC Life was promoted by erstwhile Housing Development Finance Corporation Limited (HDFC Ltd.), and Abrdn (Mauritius Holdings) 2006 Limited (abrdn) (formerly Standard Life (Mauritius Holdings) 2006 Limited), a global investment company. Consequent to implementation of the Scheme of Amalgamation of HDFC Ltd. with HDFC Bank, India’s leading private sector bank (“Bank”), the Bank has become promoter of the Company, in place of HDFC Ltd, effective from July 1, 2023. Further, consequent to reclassification of abrdn from “Promoter” category to “Public” category in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, HDFC Bank has become sole promoter of the Company, effective December 12, 2023.The name/letter ‘HDFC’ in the name/logo of HDFC Life Insurance Company Limited (HDFC Life) belongs to HDFC Bank Limited.
HDFC Life has a nation-wide presence with its own branches and additional distribution touch-points through several tie-ups and partnerships. The count of distribution partnerships is over 300, comprising banks, NBFCs, MFIs, SFBs, brokers, and new ecosystem partners amongst others. The Company has a strong base of financial consultants.
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