Bajaj Allianz Life Insurance Company Limited is one of India’s leading private life insurance companies. It is a joint venture between Bajaj Finserv Limited, the holding company for the businesses dealing with financial services of the Bajaj Group, and Allianz SE, the world’s leading insurance conglomerate and one of the largest asset managers in the world. Bajaj Allianz Life Insurance Company Limited began its operations in 2001, and today has a pan-India presence with 631 branches as on 31 March, 2018. The company offers life insurance solutions through its strong product portfolio, which includes traditional insurance products and ULIPs for enabling customers fulfil their Life Goals. The Company also offers group insurance and health insurance plans.
DHFL Pramerica Life Insurance-one of the fastest growing life insurance companies in India- is a joint venture between DHFL Investments Limited (DIL), a wholly-owned subsidiary of Dewan Housing Finance Corporation Ltd. (DHFL), which is the second largest in the private sector and Prudential International Insurance Holdings, Ltd. (PIIH), a fully owned subsidiary of Prudential Financial, Inc. (PFI), a financial services leader headquartered in the U.S. Headquartered in Gurgaon, DHFL Pramerica Life insurance represents the coming together of two renowned financial services organizations with a legacy of business excellence spread over decades. A preferred insurance provider for millions of customers, DHFL Pramerica Life Insurance today has a pan -India presence through multiple distribution channels which have been customized to address the specific insurance needs of diverse customer segments. The company offers wide range of life insurance solutions for individuals and groups taking care of the various financial protection needs of its customers and is committed to providing protection and quality financial advice to its customers.
DHFL Pramerica Life Insurance has the distinction of one of the highest claim settlement ratio in the Industry at 99.47% (group insurance) settling 90 k claims since FY 2014-15.Since FY 2014-15 ,the company has covered 4.15 crore lives and have settled an amount of more than 199 crores in claims. DHFL Pramerica has been recognized an ‘Enabler’ to the microfinance industry for insurance services by the ‘MFIN Microfinance Awards 2018.”
HDFC Standard Life Insurance Company Limited ('HDFC Life' / ‘Company’) is a joint venture between HDFC Ltd., one of India’s leading housing finance institution and Standard Life Aberdeen, a global investment company. Established in 2000, HDFC Life is a leading 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 and Health. . Customers have the added advantage of customizing plans, by adding optional benefits called riders, at a nominal price. As on March 31, 2018, the Company had 34 individual and 11 group products in its portfolio, along with 8 optional rider benefits, catering to a diverse range of customer needs. HDFC Life continues to benefit from its increased presence across the country having a wide reach with 414 branches and additional distribution touch-points through several new tie-ups and partnerships comprising 139 partners across traditional and non-traditional channels including NBFCs, MFIs, SFBs, etc. The Company has a strong base of financial consultants. In Fiscal 2012, The Company established a wholly-owned subsidiary, HDFC Pension Management Company Ltd., to operate its pension fund business under the National Pension Scheme (NPS). And in Fiscal 2016, the Company established its first international wholly-owned subsidiary in the UAE, HDFC International Life and Re Company Ltd., to operate its reinsurance business.