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HDFC Life Limited (HDFC Life Insurance Company Ltd.) is a long-term life insurance provider with its headquarters in Mumbai, offering individual and group insurance services.
The company is a joint venture between Housing Development Finance Corporation Ltd (HDFC), one of India's leading housing finance institutions and Standard Life Aberdeen plc, a global investment company. As on 31 March 2020, the promoters; HDFC Ltd. and Standard Life (Mauritius Holdings) 2006 Ltd. hold a 51.4% and 12.3% stake in HDFC Life respectively. The remaining equity is held by public shareholders.
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