HDFC Life Insurance Company Ltd.

HDFC Life Insurance Company has completed Exide Life merger. This marks the completion of the first-ever merger and acquisition (M&A) transaction in the Indian life insurance sector. HDFC Life had completed the acquisition of Exide Life in January 2022.

Earlier, HDFC Life had received final approval from The Insurance Regulatory and Development Authority of India (IRDAI) to merge Exide Life Insurance Company with itself.

The entire transaction from announcement of the deal in September 2021 followed by the acquisition in January 2022 and the eventual merger was completed in less than 14 months.

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.