HDFC Life Insurance Company Ltd.

HDFC Life Insurance Company (HDFC Life) has received final approval from The Insurance Regulatory and Development Authority of India (IRDAI) to merge Exide Life Insurance Company with itself.  In January this year, HDFC Life acquired 100 per cent stake in Exide Life Insurance Company from its parent firm Exide Industries for Rs 6,687 crore in order to increase its presence in the south India market. With the transfer of its life insurance business to HDFC Life, Exide Industries acquired 4.12 per cent stake in HDFC Life.

HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.