report on hdfc life insuarnce

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Introduction HDFC Life is a joint venture between Housing Development Finance Corporation Limited (HDFC), India's leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom. HDFC Ltd. holds 71.42% and Standard Life (Mauritius Holding) Ltd. holds 26.00% of equity in the joint venture, while the rest is held by others. HDFC Life's product portfolio comprises solutions, which meet various customer needs such as Protection, Pension, Savings, Investment and Health. Customers have the added advantage of customizing the life insurance plans, by adding optional benefits called riders, at a nominal price. The company currently has 24 retail and 8 group products in its portfolio, along with 9 optional rider benefits catering to the savings, investment, protection and retirement needs of customers. HDFC Life continues to have one of the widest reach amongst new insurance companies with over 400 branches in India touching customers in over 900 cities and towns.The company has also established a liaison office in Dubai. HDFC Life has a strong presence in its existing markets with a strong base of Financial Consultants. Corporate History[edit] The Insurance Regulatory and Development Authority (IRDA) was constituted in 1999 as an autonomous body to regulate and develop the insurance industry. The IRDA opened up the market in August 2000 with the invitation for application for registrations. HDFC Life was established in 2000 becoming the first private sector life insurance company in India. [6] By 2001, the company had its 100th customer, strengthened its employee force to 100 and had settled its first claim. HDFC Life launched its first TV advertising campaign 'Sar Utha Ke Jiyo' in 2005. In 2006, a study conducted by the Brand Equity Economic Times had put HDFC Life at 29th rank in the most trusted Indian Brands amongst the Top 50 Service Brands of 2010. [7] The Insurance Regulatory and Development Authority (IRDA) gave accreditation to HDFC Life for 149 training centres housed in its branches to cater to the mandatory training required to be given as well as for other sales training requirements in 2009. In 2012, it the first private life insurance company to bring back pension plans under the new regulatory regime, with the launch of two pension plans - HDFC Life Pension Super Plus and HDFC Life Single Premium Pension Super. [8]

Transcript of report on hdfc life insuarnce

Introduction

HDFC Life is a joint venture between Housing Development Finance Corporation Limited (HDFC), India's leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.

HDFC Ltd. holds 71.42% and Standard Life (Mauritius Holding) Ltd. holds 26.00% of equity in the joint venture, while the rest is held by others.

HDFC Life's product portfolio comprises solutions, which meet various customer needs such as Protection, Pension, Savings, Investment and Health. Customers have the added advantage of customizing the life insurance plans, by adding optional benefits called riders, at a nominal price. The company currently has 24 retail and 8 group products in its portfolio, along with 9 optional rider benefits catering to the savings, investment, protection and retirement needs of customers. HDFC Life continues to have one of the widest reach amongst new insurance companies with over 400 branches in India touching customers in over 900 cities and towns.The company has also established a liaison office in Dubai. HDFC Life has a strong presence in its existing markets with a strong base of Financial Consultants.

Corporate History[edit]

The Insurance Regulatory and Development Authority (IRDA) was constituted in 1999 as an

autonomous body to regulate and develop the insurance industry. The IRDA opened up the market

in August 2000 with the invitation for application for registrations. HDFC Life was established in 2000

becoming the first private sector life insurance company in India. [6]

By 2001, the company had its 100th customer, strengthened its employee force to 100 and had

settled its first claim. HDFC Life launched its first TV advertising campaign 'Sar Utha Ke Jiyo' in

2005. In 2006, a study conducted by the Brand Equity – Economic Times had put HDFC Life at 29th

rank in the most trusted Indian Brands amongst the Top 50 Service Brands of 2010. [7]

The Insurance Regulatory and Development Authority (IRDA) gave accreditation to HDFC Life for

149 training centres housed in its branches to cater to the mandatory training required to be given as

well as for other sales training requirements in 2009.

In 2012, it the first private life insurance company to bring back pension plans under the new

regulatory regime, with the launch of two pension plans - HDFC Life Pension Super Plus and HDFC

Life Single Premium Pension Super. [8]

ORGANISATION BODIES

1. Audit Committee 2. Nomination & Remuneration Committee 3. Stakeholders Relationship

Committee 4. Risk Management Committee 5. Corporate Social Responsibility Committee 6.

Investment Committee 7. Policyholder Protection Committee 8. With Profits Committee 9. Executive

Committee

III) OUR VISION AND VALUES

HDFC Standard Life Insurance Company Ltd. is one of India's leading private insurance companies, which

offers a range of individual and group insurance solutions. It is a joint venture between Housing

Development Finance Corporation Limited (HDFC Ltd.), India's leading housing finance institution and

Standard Life plc, a Group Company of the Standard Life, UK.

A) Our Vision 'The most successful and admired life insurance company, which means that we are

the most trusted company, the easiest to deal with, offer the best value for money, and set the

standards in the industry'. In short, 'The most obvious choice for all'.

) Our Values Values that define how we work:

Excellence

People Engagement

Integrity

Customer Centricity

Collaboration

Corporate Office HDFC Standard Life Insurance Company Limited,

12th & 13th Floor, Lodha Excelus,

Apollo Mills Compound, N .M. Joshi Road,

Mahalaxmi, Maharashtra, Mumbai - 400 011

Telephone: (022) 67516666

Working days

Monday to Friday: 9:15 AM to 6:00 PM

Awards & Accolades 2007

Deepak M Satwalekar Awarded QIMPRO Gold Standard Award 2007

Mr Deepak M Satwalekar, then MD and CEO, HDFC Standard Life, received the QIMPRO Gold Standard Award 2007

in the business category at the 18th annual Qimpro Awards function. The award celebrates excellence in individual

performance and highlights the quality achievements of extraordinary individuals in an era of global competition and

expectations.

Sar Utha Ke Jiyo Among India's 60 Glorious Advertising Moments

HDFC Standard Life's advertising slogan honoured as one of '60 Glorious Advertising & Marketing Moments' over the

last 60 years in India,' by 4Ps Business and Marketing magazine.

2008

Received 2008 CIO Bold 100 and CIO Security Awards

HDFC Life received the 2008 CIO Bold 100 Award and the Special 2008 CIO Security Award. The company received

the 2008 CIO Bold Award for its mobile workforce portal and the CIO Security Award for its initiatives for a secure

computing environment, including identity management

Honoured with PCQuest Best IT Implementation Award 2008

HDFC Life was honoured with the PCQuest Best IT Implementation Award 2008 for Consultant Corner, the

applications for its financial consultants, providing centralized control over a vast geographical spread for key

business units such as inventory, training, licensing, etc.

Won Silver Abby at Goafest 2008

HDFC Standard Life's radio commercial - 'Pata Nahin Chala' for Pension Plans won a Silver Abby in the radio writing

craft category at the Goafest 2008 organised by the Advertising Agencies Association of India (AAAI).

HDFC Life's Unit Linked Savings Plan in Mint Best TV Ads Survey

HDFC Standard Life's Unit Linked Savings Plan advertisement was ranked 4th in terms of a combined score of ad

awareness and brand recall and 3rd in terms of ad diagnostic scores (likeability, enjoyment, believability, and claim) .

2009

Received CIO 'The Ingenius 100 2009' Award

HDFC Standard Life has received the CIO 'The Ingenious 100 - 2009 Award,' for ATLAS (Agency Training Licensing

and Servicing System). The company also received the CIO 100 'Security Award 2009' for pioneering LANDesk

Management and Security Suite security implementation and taking its security to a higher level of technological

excellence.

Honoured with Diamond EDGE Award 2009

HDFC Standard Life was honoured with the Diamond EDGE Award 2009 for its mobile workforce portal - Consultant

Corner. EDGE - Enterprises Driving Growth and Excellence (using IT) is an initiative by the Network Computing

magazine to identify, recognise, and honour end-user companies in India that have demonstrated the best use of

technology.

2010

Recipient of IMC RBNQA - Performance Excellence Trophy 2010

HDFC Life has bagged the Indian Merchants' Chamber Ramkrishna Bajaj National Quality Award (IMC RBNQA) 2010.

The company has been declared a winner of the Performance Excel lence Trophy 2010 in the service category.

Adjudged one of the Best Companies to Work for in India, 2010

HDFC Life has been adjudged one of the Best Companies to Work for in India in 2010. The company participated in

the Great Places to Work® study for the first time and ranked first in the insurance category. It ranked 34th on the

Top 50 Best Companies to Work for, in India 2010 list.

HDFC Life and 'YoungStar Super' Voted 'Product of the Year 2010'

HDFC Life’s YoungStar Super has been voted ‘Product of the Year 2010’ in the 'Insurance' category by more than

30,000 consumers nationwide across 36 markets. YoungStar Super is an unit linked Children Plan with unique

benefits such as bumper additions, double and triple benefits, attractive allocations rates, and seven different funds

2011

Received Amaron Quanta - Express Uptime Champion Awards 2011

HDFC Life won the award in the BFSI category at Amaron Quanta - Express Uptime Champion Awards 2011. These

awards recognize reliability of IT infrastructure with solutions that guarantee optimal infrastucture uptime 24*7.

PowerBrands Hall Of Fame Most Dynamic Marketing Professional of the Year

Sanjay Tripathy, EVP - Marketing, Product & Direct Channels received the PowerBrands Hall Of Fame Most Dynamic

Marketing Professional of the Year award 2011. PowerBrands Hall Of Fame is a ceremony that seeks to honour the

leaders in the marketing & communications fraternity who have carved a niche for themselves.

Honoured with CA Professional Achiever - Financials Services 2011

Vibha Padalkar, ED & CFO, was honoured with CA Professional Achiever - Financials Services (Women's Category).

These awards are instituted to acknowledge Chartered Accountants in Industry who: have demonstrated excellence

in the way in which they conduct their profession, are exemplary role models in the industry, have created value to

their company's stakeholders on a sustainable basis.

Best Marketing Campaign & Most Innovative Campaign by GiveIndia

HDFC Life received second prize for Best Marketing Campaign & Most Innovative Campaign

Recipient of Master Brand Award 2011

HDFC Life recieved Master Brand Award in 2011. Master Brand Award is conferred upon those brands which appeal

to a large set of consumers from premium to masses while constantly keeping in mind a consumer centric approach.

Honoured at EFFIE 2011 Awards (Financial Services)

HDFC Life won the Effie Bronze for HDFC Life Children Plan Campaign 2011.

Won IMC RBNQA Performance Excellence Trophy 2011

HDFC Life won the Indian Merchants' Chamber Ramkrishna Bajaj National Quality Award (IMC RBNQA) 2011 for

excellence in the Service category. The IMC Ramkrishna Bajaj National Quality Award is one of the most prestigious

Quality Awards in the country.

Winner at Asian Leadership Awards 2011

The Asian Leadership Awards is about Achievers, Super Achievers and Future Business Leaders. It recognizes and

rewards their ability to steer their businesses through turbulent times, applying the best of business modules to

manage and keep their missions afloat.

Ranked in India's Most Trusted Service Brand 2011

HDFC Life ranked India's Most Trusted Private Life Insurance Brand in 2011 in a survey conducted by Economic

Times-Brand Equity and the Nielsen Company.

Received Golden Peacock HR Excellence Award 2011

HDFC Life received the 'Golden Peacock HR Excellence Award’ for the year 2011 in the 'Banking Financial &

Insurance Sector.’ Golden Peacock Awards have been instituted since 1991 by the Institute of Directors (IOD) a non -

profit apex body of directors registered in India.

Recipient of Bloomberg UTV CXO Awards 2011

HDFC Life received the ’CXO Awards 2011 – The Technology Chapter’ organized by Bloomberg UTV in association

with Lenovo for ’Best Utilisation of Information Technology to Transform Business – Large Enterprise.’

Received EDGE Award 2011

HDFC Life received the EDGE Award 2011 for MINT, the company’s Renew al & Retention System. EDGE – Enterprises

Driving Growth and Excellence(using IT) award 2011 is an initiative by InformationWeek to identify, recognize and

honor end–user companies in India that have demonstrated the best use of technology to solve a business problem,

improve business competitiveness, and deliver quantifiable ROI to stakeholders.

Winner of ASTD - Excellence in Practice Award 2011

HDFC Life received the ASTD Excellence in Practice Award in 2011. The American Society for Training & Development

(ASTD) Excellence in Practice category recognizes results achieved through the use of practices and solutions from

the entire scope of workplace learning and performance.

Winner at Outlook Money Awards 2011

HDFC Life has been honoured with Outlook Money Award 2011 - Runners Up in the 'Best Life Insurer' Category. The

awards honor & celebrate the very best in the field of Personal Finance services.

Honoured with Innovation in CRM Award 2011

HDFC Life was conferred the prestigious Innovation in CRM award by IDC Financial Insights at its inaugural Financial

Insights Innovation Awards (FIIA) – Insurance held at the Asian Insurance Congress (AFS) in Singapore.

Conferred with CIO 100 Award 2011

HDFC Life was awarded 2011 CIO 100 (International) Award for WONDERS, its enterprise wide workflow system. The

2011 CIO 100 Awards honor 100 companies globally that exemplify the strategic partnership of IT and business.

Honoured at Asia Best Employer Brand Awards 2011

HDFC Life received 5 awards across diverse categories in Asia Best Employer Brand Awards in the CMO Asia Awards

for Excellence in Branding and Marketing. The award categories that HDFC Life won are: Young HR Professional of

the Year, Talent Management, Best HR Strategy in Line with Business, Innovation in Recruitment and Brand

Leadership Award For Excellence in Branding and Marketing.

Conferred with Yuva Hero Award

HDFC Life received Yuva Hero Award from the NGO Yuva Unstoppable for contribution towards upliftment of lesser

privileged children. Yuva Unstoppable is a premier volunteer movement with a force of 60,000 young people across

30 cities of India helping more than 100,000 kids in municipal schools / slums through organizational partnerships

with schools, colleges and corporate companies.

Top 50 Best Companies to Work for in India in 2011

HDFC Life has been adjudged one of the Best Companies to Work for in India in 2011, for the second consecutive

year. The company participated in the Great Place to Work® study and ranked first in the insurance category. It

ranked 40th on the Top 50 Best Companies to Work for, in India 2011 list.

Winner at Indian Insurance Awards 2011

HDFC Life has won the 'Best Product Innovation Award 2011 - Life Insurance' for the product 'HDFC SL Crest' at the

Indian Insurance Awards 2011. The Indian Insurance Award is an initiative by India Insurance Review in association

with Celent to honour life insurance companies' performance, growth, product and market innovation, customer

service and technology throughout the year.

Winner at CISO 100 Awards 2011

HDFC Life has been awarded the Top 100 CISO Awards 2011, for demonstrating outstanding performance in its

information security and technology practices. The 'Top 100 CISO Awards' recognizes executives who have

demonstrated outstanding initiatives in using information security practices and technology to secure their business

and mission critical information in the most effective manner and deliver business value, by creating competitive

advantage, optimizing business processes and improving relationships with customers.

Conferred with Business Superbrand India 2010-11

HDFC Life was conferred with 'Business Superbrand India 2010-11' title by Business Superbrands Council. HDFC Life

is ranked amongst the top quarter of all brands across all segments and all categories in India.

2012

Winner at Golden Peacock Awards 2012

HDFC Life has emerged as the winner of the ‘Golden Peacock Innovative Product / Service Award’ for the year 2012

(for Click 2 Buy). Golden Peacock Awards, instituted by Institute of Directors in 1991, are now regarded as Holy Grail

of Corporate Excellence Worldwide.

CIO 100 Symposium & Awards Ceremony 2012

HDFC Life was awarded the Security Supremo Special Awards for bridging gaps in compliance and security by

creating an effective integrated framework at the CIO100 Symposium & Awards Ceremony, hosted by Websense, in

Association with CIO.

Featured in the list of 'Top 25 India's Best Companies to Work' 2012

HDFC Life has been acknowledged as one of India’s Top 50 'Best companies to Work' for the third consecutive year.

This year HDFC Life featured among 'Top 25 Companies to work for and ranked 23rd in a study conducted by Great

Places to Work®Institute, India in partnership with Economic Times.

Winners of the Indian Insurance award for Best Product Innovation 2012

HDFC Life was been awarded ‘The Indian Insurance award for best product innovation’. We received recognition for

our product offering called Sampoorn Samriddhi. Asia Insurance Review, part of SP Media, presented the annual

Indian Insurance Awards 2012 to honor performance and commitment of top Indian insurance companies.

Thought Leader Award at HRD Congress 2012

Mr. Amitabh Chaudhry, HDFC Life's MD & CEO, was awarded the Thought Leader Award in the Insurance Sector at

the World HRD Congress 2012. World HRD Congress felicitates change leaders in the industry.

Winner at Top 100 CISO Awards 2012

HDFC Life’s Chief Information Security Officer (CISO) - Mr. Sharad Sadadekar, was recognized amongst the Top 100

CISOs 2012, for implementing one of the best Information Security practices amongst Indian companies.

Winner at Best Prax 2012

HDFC Life was adjudged a winner at BestPrax Benchmark 2012 for Assessment of Integrated Reali ty and Risk (AIRr),

Scenario Planning and GOAL (Go Online And Learn). BestPrax Club is the Indian member of Global Benchmarking

Network (GBN), founded by Dr Robert Camp, author of the seminal works on Benchmarking.

Honoured at Asia’s Best CIO Awards for Leadership & Innovation 2012

HDFC Life received an award for leveraging IT for Business Performance, at the Asia’s Best CIO Awards for

Leadership & Innovation 2012 organised by CMO Asia.The Asia’s Best CIO Awards for Leadership & Innovation

provide the foundation for the IT Industry to showcase and celebrate Innovation and Leadership.

Awarded at Asia Best Employer Brand Awards 2012

HDFC Life received an award for Talent Management at the 3rd Asia Best Employer Brand Awards 2012. Our MD &

CEO, Mr. Amitabh Chaudhry also received an award in the category of CEO with HR orientation.

Winner of Brand Slam Leadership Award 2012

At Brand Slam 2012 organised by CMO Asia, Sanjay Tripathy, Senior Executive Vice President was awarded Brand

Slam Leadership Award. The Brand Slam Awards celebrates outstanding achievement across all aspects of the brands

landscape to recognize & honour the creativity and insight of both individuals and business at the cutting edge of the

marketing and branding technology industry.

Winner at Asian BFSI Awards 2012

At the Asian BFSI Awards 2012, HDFC Life was honoured with an award for Underwriting initiative of the year. The

Asian Leadership Awards highlight, recognize and reward the Achievers, Super Achievers and Future Business

Leaders.

Recipient of Porter Prize 2012

HDFC Life won its first ever Porter Prize for leveraging unique activities in strategy across the organization. A total of

120 organizations across different industries had applied for the prize and our company was amongst the six

eventual winners.

Winner at CNBC TV18's India's Best Banks and Financial Institutions Awards 2012

HDFC Life was honoured with 'Best Life Insurance Provider - Private Sector' Award at CNBC TV18's India's Best Banks

and Financial Institutions Awards 2012. IBFA honours Banks, Insurance companies, NBFCs and financial institutions

that have showcased the ability to manage risk, retain strong fundamentals, create wealth and are today leading

India to the global stage.

Honoured at World Quality Congress & Awards 2012

HDFC Life received the Best BPM Project award at World Quality Congress & Awards 2012. The Best BPM Project was

awarded for AIRr-Assessment of Integrated Risk and Reality. The World Quality Congress is an international forum

with participation from market leaders across several sectors.

Winner at Celent Model Insurer Asia Award 2012

HDFC Life received Model Insurer Award in the area of Underwriting (for Point of Sale) and Model Insurer Asia of the

Year (For Point of Sale project) at Celent Model Insurer Asia Award 2012.

Honoured with Outlook Money Award 2012

HDFC Life has been honoured with Outlook Money Award 2012 - Runners Up in the 'Best Life Insurer' Category. The

Awards were monitored and judged by an eminent jury based on criteria such as reach and distribution, disclosures,

customer loyalty, product innovation, performance, and regulatory compliance.

Received CIO 100 Award 2012

HDFC Life was awarded the CIO 100 Award at the 7th annual CIO 100 awards 2012. The award acknowledges

companies that use information technology in innovative ways to deliver business value, create competitive

advantage, optimize business processes, enable growth or improve relationships with customers.

Conferred with Business Superbrand India 2011-12 title

HDFC Life has been conferred with 'Business Superbrand India 2011-12' title by Business Superbrands Council. The

company has also received the title of 'Consumer Superbrand' for the year 2011-12. HDFC Life is ranked amongst the

top quarter of all brands across all segments and all categories in India.

Received BestPrax Benchmark 2012 Award

HDFC Life received the BestPrax Benchmark Award 2012 for Leadership Governance in the Service category. HDFC

Life has been adjudged the winner by an eminent panel for ‘Scenario Planning’, ‘Assessment of Integrated Reality &

risk (AIRr)’ and ‘Vision & Values Communication- GOAL’.

Awarded at Indian Insurance Award 2012

Received the Best Product Innovation Award for its product - Sampoorn Samriddhi. This award seeks to honour a life

insurer that has launched an innovative product that has set the benchmark in terms of fulfilling an un -met customer

need in the domain.

Honoured at Bloomberg UTV Financial Leadership Awards

HDFC Life was conferred with the 'Life Insurer of the Year' Award at the Bloomberg UTV Financial Leadership Awards

2012. Bloomberg UTV Financial Leadership Awards acknowledges extraordinary contribution of India’s financial

leaders and visionaries.

Selected as a Celent Model Insurer 2012- Global

HDFC Life has been selected, among the 23 Insurance Companies Worldwide, as a Model Insurer 2012, for the use

of Enterprise Wide Learning via the Internet by Celent USA. HDFC Life has also won the Celent Model Insurer Asia

2012 award.

Winner at the 5th Loyalty Awards 2012

HDFC Life was declared as a winner for Customer & Brand Loyalty in 'Insurance Sector - Life'. These awards

recognize Customer loyalty efforts of Companies across various sectors. The Theme of this year's summit was

'Driving Loyalty through Customer Experience Management'

Honoured at Century International Quality ERA Award 2012

HDFC Life received an award in Gold Category at the Century International Quality ERA Award 2012. Century

International Quality ERA is based on Excellence in Leadership and Business Management, Quality and

Excellence,Business and Brandname Prestige, and Technology, Innovation and Expansion.

Winners at Star of the Industry Awards 2012

HDFC Life won the Silver award for Excellence in Life Insurance at the Stars of the Industry Awards 2012. The award

recognises individual and corporate excellence across the banking and financial services sector. These Awards were

decided by an eminent Jury comprising senior professionals.

Recipient of CFO 100 Roll of Honour 2012

HDFC Life received CFO 100 Roll of Honour 2012. The CFO 100 is an annual initiative to recognise India's finance

leader's extraordinary contributions to the corporate world. The CFO100 is an annual benchmark for rising stars

among India's CFOs.

2013

Received Give India Award 2013

HDFC Life’s CSR initiative Swabhimaan was awarded by Give India for its efforts during Joy of Giving. It received

prize for Best Campaign Material and Innovative Fundraising Campaign.

Honoured with Finnoviti 2013 award

HDFC Life won Finnoviti 2013 award for Quest2Green project. This award is our project done on the subject of Power

(carbon foot print), where we had used unconventional methods to save power.

Received a S ilver award at Express IT Awards 2013

HDFC Life was honoured with a Silver Award for IT Innovation (Large Enterprise) at the Express IT Awards 2013 for

our point of sale project Click2Buy.

Won an award at the 7th SAP ACE Award

HDFC Life won the 7th edition of SAP ACE Award for Customer Excellence 2013 in the category of Best Run Award in

Budgeting, Planning & Consolidation. This award is in recognition of the business excellence that HDFC Life has

achieved through best implementation of SAP.

Honoured with Golden Peacock Award for HR Excellence

HDFC Life was honoured with the prestigious Golden Peacock HR Excellence award in private life insurance sector at

a specially organized 'Golden Peacock Awards Nite'. Golden Peacock Awards, instituted by the Institute of Directors,

India in 1991, are regarded as a benchmark of Corporate Excellence worldwide.

Received TISS-Leap Vault CLO Award

HDFC Life received TISS-Leap Vault CLO Award in Program for Sales Enablement category. The awards and the

summit together represent India’s finest corporate learning & talent management professionals in organization and

leadership development.

Honoured at Asian Leadership Award 2013

HDFC life has been honoured with an award for Brand Excellence in Effective Communication at the Asian Leadership

Award 2013, Dubai. This event highlights, recognises and rewards a company’s ability to steer their businesses

applying the best of business modules.

Featured in the list of 'Top 25 Best Places to Work for 2013'

HDFC Life ranked 18th in the list of ‘Top 25 Best Places to Work for’ in a study conducted by Great Place To Work®

institute, India in partnership with Economic Times. HDFC Life has also been ranked No. 1 in Insurance industry and

3rd in Best Company in large organizations (more than 10,000 employees).

HDFC Life receives the 2013 CIO100 Award

HDFC life has been awarded the CIO100 Award at the 8th annual CIO100 awards. HDFC Life also received the

Information Mastermind Special Award.The annual award program recognized organizations for being imaginative

and innovative with their IT deployments in difficult economic conditions.

Winner at the 10th National Award for Excellence in Cost Management

HDFC Life was recently adjudged as a winner in Private Service Sector (Large Organisations) category at the 10th

National Award for Excellence in Cost Management held in New Delhi.

Awarded at Asia’s Best Employer Brand Awards 2013

Amitabh Chaudhry, HDFC Life’s MD & CEO received CEO with Best HR Orientation award and Vibha Padalkar, HDFC

Life’s ED & CFO received Women at Work Leadership award at the Asia’s Best Employer Brand Awards 2013.

Honoured at SABRE India Awards 2013

HDFC Life was honoured with two awards at the SABRE India Awards 2013 - Winner : Gold SABRE Awards for

Excellence in Public Relations Programming under Financial & Professional Services category and Runners up: Gold

SABRE Awards for Excellence in Public Relations Programming under Financial Communications category.

Received 4 awards at the 4th CMO Asia Awards for Excellence in Branding and Marketing

At the 4th CMO Asia Awards for Excellence in Branding and Marketing, HDFC Life received 4 awards - Award for

Brand Excellence (Banking, Financial Services & Insurance Sector), Marketing Campaign of the Year for Director of

Happiness campaign, Award for Best Use of Social Media in Marketing and Marketing Professional of the Year.

Winner at CIO 100 Award 2013

HDFC Life has been recognized by CIO magazine as a 2013 CIO 100 Award Winner for its innovative Point of Sale

tool – CLICK2BUY. The 26th annual international award program recognizes organizations around the world that

exemplify the highest level of operational and strategic excellence in information technology (IT).

Received Top 100 CISO Award 2013

HDFC Life received the prestigious Top 100 CISO Award 2013 for incorporating and implementing innovative

information security solutions to assist customers to confidently and securely transact with HDFC Life at various

touch points. The 'Top 100 CISO Awards' is envisioned by InfoSecurity Magazine partnering with iViZ Security.

Received D.L. Shah Quality Award 2013

HDFC Life received the D.L. Shah Quality Award for case study on "Re-Cycling Customer Payouts". The QCI-DL Shah

Quality Awards have been instituted with a view to promote awareness that performance improvement through

quality initiatives is an important element for gaining a competitive edge.

Honoured with Best CFO Award 2013

Vibha Padalkar, HDFC Life's ED & CFO was honoured with Best CFO Award at IMA India's the India CFO Awards 2013

for Excellence in Financial Control, Compliance and Corporate Governance.IMA India instituted The India CFO Awards

to recognise distinction in finance and honour those individuals who have demonstrated outstanding capabilities and

achievements.

Won a Gold in the 'Integrated Media Campaign of the Year by a Brand'

HDFC Life's Activation Campaign for its Smart Woman plan- “Models of Happiness” won a Gold in the “Integrated

Media Campaign of the Year by a Brand” category at WOW awards 2013. WOW Awards is an initiative of Event FAQS

and was conceptualized in 2008 as the industry benchmark for excellence in brand experience creation.

Recipient of Women Leadership Excellence Award 2013

HDFC Life's ED & CFO, Vibha Padalkar was honoured with 'Women Leadership Excellence Award' at the 2nd IPE

Banking Finnancial Sservices And Insurance (BFSI) Awards. The IPE BFSI Awards is organized to recognize the Best

performances in the Banking, Financial services and insurance sector.

Received 2 awards at the Indian PR and Corporate Communications Award 2013

HDFC Life received two awards at the Indian PR and Corporate Communications Award 2013 - Best Campaign in the

Financial Services Sector for 'driving financial freedom for Indian urban women.' and Best In House Team of the Year

for effectively 'driving financial freedom among Indian urban women.'

Honoured with ASTD Excellence in Practice 2012 citation

HDFC Life has been honoured with ASTD Excellence in Practice 2012 citation for 'Improving First Level Sales Manager

( FLS ) Productivity', in the Sales Enablement category. ASTD (American Society for Training & Development) is the

world’s largest professional association dedicated to the training and development field.

Recognized as Celent Model Insurer of Asia for the Year 2013

HDFC Life has been recognized as the Celent Model Insurer of Asia for 2013, the highest honor among the 17

technology initiatives which are selected as Model Insurer Component in the Asia Pacific region. The company has

also received two Model Insurer Component awards namely Model Insurer Award in the area of Underwriting and the

other in Distribution/New Business.

HDFC Life Smart Woman Plan voted as 'Product of the Year 2013'

HDFC Life Smart Woman Plan has been voted as 'Product of the Year 2013' under Life Insurance Category. The

innovative features of HDFC Life Smart Woman Plan (first ULIP in India specially designed for women to take care of

her critical life stage needs - motherhood, diseases that women are prone to certain ages as cancer or loss of

spouse) helped us to win this prestigious award.

2014

National Gold Award for Excellence in Cost Management organized by Institute of Cost Accountants of India

HDFC Life, India’s leading long term private life insurance solutions provider, has been recognized for its excellence

in cost management at the 11th National Awards for Excellence in Cost Management organized by Institute of Cost

Accountants of India. This is the second consecutive year when the company has won the first prize under the

category of Private-Service Sector (Large) Companies. The criteria for selection was leadership in cost management

practices and performance of the company.

TDWI Best Practices Award 2014

HDFC Life was honoured with TDWI Best Practices Award 2014 under the category BI on a Limited Budget. TDWI's

Best Practices Awards program identifies and honours companies that have demonstrated excellence in developing,

deploying and maintaining BI and DW applications.

Featured in Top 50 Best Places to Work

HDFC Life ranked 32nd in the list of ‘Top 50 Best Places to Work for’ in a study conducted by Great Place To Work®

institute, India in partnership with Economic Times. HDFC Life has also been ranked No. 1 in Insurance industry and

3rd in Best Company in large organisations (more than 10,000 employees).

Recipient of Infosec Maestros Award

Ranked amongst Top 100 CISOs at the Infosec Maestros Awards 2014. ‘INFOSEC MAESTROS’ Awards is an initiative

to inspire the innovative, talented and hard working information security professionals across the verticals, across the

nation.

50 Most Talented Quality Professionals of India

Jitendra Agrawal, Sr. VP - Business Service Excellence was ranked amongst 50 Most Talented Quality Professionals of

India at World Quality Congress and Awards. These awards recognise individuals who demonstrate outstanding

commitment to championing the Quality principles and have an excellent track record of achievements in various

domains.

Innovative Leadership in Quality

Jitendra Agrawal, Sr. VP - Business Service Excellence received Innovative Leadership in Quality award at the World

Quality Congress and Awards, for demonstrating institutionalization of innovation in a systemic and structured way

through QuEST [Qst]- Innovation in Business Excellence at HDFC Life.

Indian Insurance Awards 2014

HDFC Life has emerged as winner in 3 categories of awards at the Indian Insurance Awards 2014 - Best Product

Innovation (Life Insurance), Best Technology Innovation (Life Insurance) and Most Socially Responsible Insurer

(Overall).

IAA Marketer of the Year - Insurance

Sanjay Tripathy, Sr. EVP – Marketing, Product & Direct Channels received the Marketer of the Year award –

Insurance sector at the 2nd Edition of the IAA Leadership Awards 2014. India Chapter of the IAA's Leadership

Awards celebrates leaders in the fields of marketing, advertising and media.

Best Business Process Excellence Program

HDFC Life was honoured with Best Business Process Excellence Program Award at the National Quality Excellence

Awards 2014. The award is given to the program managed in a coordinated manner to consistently deliver excellence

to support strategic goals

25 Most Talented Global Training & Development Leaders

R Chandrasekhar, EVP - L&D, was recognised as one of the ‘25 Most Talented Global Training & Development

Leaders’ at the 22nd Edition of the World HRD Congress in February, 2014.

Women Leadership Achievement Award

Vibha Padalkar, ED & CFO, was honoured with Women Leadership Achievement award at the World Women

Leadership Council & Awards, 2014. The Award is conferred to the outstanding women professionals who

demonstrate excellent leadership and management skills in an organisation.

Most Admired Life Insurance Companies in Pvt Sector

HDFC Life was conferred 'Most Admired Life Insurance Companies in Private Sector' award at the Banking, Financial

services & Insurance Awards, 2014. The award focuses on best-of-the-best practices of BFSI industry.

Honoured with Youth Icon Award

Sanjay Tripathy, Senior EVP & Head - Marketing, Product & Direct Channels, was honoured with My FM Stars of the

Industry -Youth Icon Award at the My FM Stars of the Industry Awards, 2014 for Excellence in Finance, Banking,

Insurance and Financial Services.

Honoured with 7th Loyalty Award

HDFC Life won the Loyalty Award for Financials - Non Banking Financial Sector at the 7th Loyalty Awards and

Summit, 2014. The 7th Loyalty Awards were presented By AIMIA and conceived & managed by Kamikaze B2B Media.

2015

ICAI Award for Excellence in Financial Reporting 2013-14

HDFC Life was awarded the highly prestigious and professional award from The Institute of Chartered Accountants of

India (ICAI) for Excellence in Financial Reporting for the annual report of FY 2013 -14. ICAI is recognised as a

premier accounting body not only in the country but also globally, for its contribution in the fields of education,

professional development, maintenance of high accounting, auditing and ethical standards.

Finnoviti 2015 Award for innovations in BFSI

HDFC Life's MYmix was awarded the prestigious Finnoviti 2015, an award that salutes the spirit of innovation.

Finnoviti 2015 Conference and Awards recognize and reward innovations in BFSI sector and honour the innovators.

MYmix was selected amongst more than 175 nominations across 85 organizations.

CNBC Asia’s India Business Leader Award 2014

Mr. Amitabh Chaudhry, MD & CEO - received the award for Corporate Social Responsibility at the 10th edition of the

CNBC-TV18 India Business Leader Awards 2014 ceremony held in Mumbai. CNBC with the Asia Business Leader

Awards pioneered the business leadership awards to recognize leaders who create and sustain entrepreneurial

initiatives, develop best practices and carve out powerful businesses in the global economy.