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MANIBA INSTITUTE OF BUSINESS MANAGEMENT SABARGAM

Risk is found everywhere. It cannot be eliminated together, only it can be

minimized. Human life is full of risk. There is a risk when a man walks on the road, travels in

a bus, train or an aero plane and when he is engaged in trade, profession or business. Also

there is a risk when property is destroyed by fire, flood, earthquakes, etc. Thus, the

involvement of risk is inescapable.

Insurance is a method by which we can spread over the risk. It is a way of

reducing uncertainty of occurrence of an event. Insurance is entirely a method of co-operative

endeavor where in the loss caused by a particular risk is spread over among a large section of

persons. Insurance is a process in which a large number of persons collect their small

contributions, called the premium, in a pool and out of these losses are paid to the suffering

persons.

The Business of insurance is related to the protection of the economic values

of assets. Every asset has a value. The asset would have been created through the efforts of

the owner. The asset is valuable to the owner, because he expects to get some benefits from it.

It is a benefit because it meets some of a factory or a cow, the product generated by it is sold

and income is generated. In the case of a motor car, it provides comfort and convenience in

transportation. There is no direct income. Both are assets and provide benefits.

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INTRODUCTION


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Although insurance may have been used by the Babylonians, the Greeks and the

Romans, insurance in the modern sense originated in the Mediterranean during the 13th or 14th

century. The earliest references to insurance which have so far been traced appear in the

accounts of North Italian merchant-bankers who dominated the international trade of Europe at

that time. Marine insurance is the oldest form of insurance (1347), followed by life insurance

some 300 years later and fire insurance (1666). Insurance in these fields followed the pattern that

had been established in England.

Socio Economic Significance of Insurance:The primary function of insurance is to

spread the financial losses of insured members over the whole of the insuring community, by

compensating the unfortunate few from the funds built up from the contributions of all,

including fortunate many who escape losses. Besides, the practice of insurance has many

secondary or subsidiary functions which contribute to the welfare of the individual or society. It

tends more and more to transform our modern social order, fosters private and public interests,

individual prudence, acts as an accelerator and as stabilizer of economic growth. Insurance has

attained so great a popularity and importance these days that it has now become almost a home

word. The socio economic significance of insurance has been well realized all over the

world and it will be exaggeration to say that individual world without insurance is like a car

without shock absorber. A father with a large family to support rests easy because he is insured

against death; the farmer with his crop ripening in his field knows his insurance protects him

against financial ruin by flood, rain, fire and windstorms, fog etc. The same is true about

businessmen. Therefore, it is safe to believe insurance is the shock absorber of industry and

individual.

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The History of InsuranceThe History of Insurance


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Insurance only spreads the financial losses of insured members over the whole of the

remaining insured whose assets are not damaged. Thus, insurance company acts as a middle man

for such social co-operation. It is infect a co-operative device designed to compensate one

against losses because insurer collect premium from a large number of policy holders and

distribute to the victims only.

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Insurance Company


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MANIBA INSTITUTE OF BUSINESS MANAGEMENT SABARGAMPage4 of109


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Marine insurance is the oldest type of insurance and one of the earliest records of a

marine policy relates to a Mediterranean voyage in 1347. This was followed by life

insurance some 300 years later. Fire insurance, however, did not begin until after the

Great fire of London in 1666. In India all the three insurance developed as under:

Marine Insurance: There are references that marine insurance was practiced in

India three thousand years ago; there is no evidence that insurance in its present form was

practiced prior to the twelfth century. In fact, British insurers introduced general

insurance, in its modern form in India, when they opened their branches around 1700. The

Sun Insurance Office Ltd (a foreign company) started its operation in Calcutta in the year1710. In our country the following four companies have been authorized to carry on the

general insurance business including marine insurance:

National Insurance Company, Calcutta. New India Assurance Company, Bombay. Oriental Fire and General Company, Bombay. United India Fire and General Insurance Company, Madras.

Life Insurance: In India life insurance business was started by Europeans with the

establishment of Oriental Life Insurance Company in 1818. Later On, in 1871, Bombay

Mutual Life Insurance came into existence. The Oriental Government Security Life

Assurance came into being in 1874. The Life Insurance business was nationalized in the

year 1956.

Fire Insurance: In our country the fire insurance started with the establishment of

Triton Insurance Company in Calcutta in 1850. The North British Mercantile Company

came into existence in 1861. There was slow progress of fire insurance in our country and

with the nationalization of general insurance business: fire insurance is now being

transacted by the four subsidiary companies of General Insurance Corporation of India.

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Assets are insured, because they are likely to be destroyed or made non function before

the expected life time, through accidental occurrences. Such possible occurrences are called

perils. Fire, Floods, breakdowns, lightning, earthquakes, etcat perils. If such perils can cause

damage to the asset, we say that the asset is exposed to that risk. Perils are the events. Risks ate

the consequential losses or damages. The risk to an owner of a building, because of the peril of

an earthquake, may be a few lakhs or a few crores of rupees, depending on the cost of the

building, the contents in me and the extent of damage.

The risk only means that there is a possibility of loss or damage. The damage may or

may not happen. The earthquake may occur, at the building may not have been affected at all.

Insurance is done against the possibility that the damage may happen. There has to be an

uncertainty about the risk. The word possibility implies uncertainty. Insurance is relevant only

if there are uncertainties. If there is no uncertainty about the occurrence of an event, it cannot beinsured against. In the case of human being, death is certain, but the time of death is uncertain.

The person is insured, because of the uncertainty about the time of his death. In the case of

person who is terminally ill, the time of death is not uncertain, though not exactly known. It

would be soon. He cannot be insured.

Insurance does not protect asset. It does not prevent its loss due to the peril. The peril

cannot be avoided through insurance. The risk can sometimes be avoided, through better safety

and damage control measures. Insurance only tries to reduce the impact of the risk on the ownerof the asset and those who depend on the asset. They are the ones who benefit from the asset and

therefore, would lose, when the asset is damaged, insurance only compensates for the losses-

and that too, not fully.

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Advantages of Life Insurance

Purpose & Need of Insurance


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Only economic consequences can be insured. If the loss is not financial, insurance may

not be possible. Examples of managers of non economic losses are love and affection of parents,

leadership of manager, sentiment attachments to family heirlooms, innovative and creative

abilities, etc

Insurance cannot protect against all kind of risk. If any risk is not in harmony withgovernment policy, insurance cannot protect. For example, there is no protectionagainst a risk in smuggling business.

The Loss which has been evaluated in money that is only secured by insurance.

Insurance cannot offer protection in case of risk existing due to unexpected events.

For example, economic instability due to trade cycle, aptitude of public, changes in

fashions & habits, unexpected and unprecedented changes in government policy. All

such cannot get insurance protection.

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Limitation of Insurance


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Life insurance made its first appearance in England in 16 th century, the first recorded

evidence in England being the policy on life of William Gybbons on June 18, 1653. Even before

this date annuities has become quite common in England, and marine insurance had, in fact,

made its appearance three thousand years ago. The life insurance developed at Exchange Alley.

The first registered life office in England was the Hand in Hand society established in1696. Thefamous Amicable Society for a perpetual Assurance Office started its operation since 1706.

Life insurance did not prosper in the United States during the 18 th centutary, because of

serious fluctuations in death rate, but soon after 1800 some active interest began to be shown in

this enterprise because of the application of level premium plan which had by then been in

operation in U.K. for more than a generation.

In France the Life Assurance (Insurance) could not get success because of its prohibition.

It was only in 19th century that France allowed life insurance. The first company was compagnie

Royald Assurance which came into existence in 1787.

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Development of Life InsuranceDevelopment of Life Insurance


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In Germany the first insurance company to transact to transact insurance business was

Amoldi in the year 1829.

In India, some Europeans started the first life insurance company in Bengal Presidency,

viz., the Orient Life Assurance Company in 1818. The year 1870 was a year of a land mark in

the history of Indian Insurance separating the early period of pioneering attempts in life

insurance from the subsequent period of steady at the establishment of Indian Life Office, viz.,

Bombay Mutual Life Assurance Society in 1871. The next important life office was Oriental

Government Security Life Assurance Co., Ltd., which started its operation since 1874. Since

then several offices developed in India. In 1956, the Life insurance business was nationalized

by taking over 245 companies and by forming one single corporation, named as Life Insurance

Corporation (LIC) of India.

The Definition of life insurance given by the learned persons are as follows:

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Development of Life Insurance in India


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Life insurance business is the business of effecting contract upon human life.

-As per Section of Insurance Act.

A life insurance contract may be defined as one whereby the insurer, in consideration

of premium paid either in a lump sum or in periodical installments, undertakes to pay an

annuity or a certain sum of money either on the death of the insured or on the expiry of a

certain number of years.

- R.S. Sharma.

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INDIAN INSURANCE INDUSTRY:

Insurers

Insurance industry, as on 1.4.2000, comprised mainly two players: the state insurers:

Life Insurers:

Life Insurance Corporation of India (LIC)

General Insurers:

General Insurance Corporation of India (GIC) (with effect from Dec'2000, aNational Reinsurer)

GIC had four subsidiary companies, namely (with effect from Dec'2000, these subsidiaries

have been de-linked from the parent company and made as independent insurance

companies.

1. The Oriental Insurance Company Limited

2. The New India Assurance Company Limited

3. National Insurance Company Limited

4. United India Insurance Company Limited.

Yr: 2000-2001 : ( From 2nd April '2000 to 31st December'2001)

Insurance Industry in the year 2000-2001 had 16 new entrants, namely:

Life Insurers:

S.No. Registration

Number

Date of Reg.Name of the Company

1 101 23.10.2000HDFC Standard Life Insurance Company Ltd.

2 104 15.11.2000Max New York Life Insurance Co. Ltd.

3 105 24.11.2000ICICI Prudential Life Insurance Company Ltd.

4 107 10.01.2001Kotak Mahindra Old Mutual Life Insurance Limited

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http://www.tata-aig-life.com/http://www.licindia.com/http://gicofindia.in/http://www.orientalinsurance.nic.in/http://www.newindia.co.in/http://www.nationalinsuranceindia.com/http://www.uiic.co.in/http://www.hdfcinsurance.com/http://www.maxnewyorklife.com/http://www.iciciprulife.com/http://www.omkotakmahindra.com/http://gicofindia.in/http://www.orientalinsurance.nic.in/http://www.newindia.co.in/http://www.nationalinsuranceindia.com/http://www.uiic.co.in/http://www.hdfcinsurance.com/http://www.maxnewyorklife.com/http://www.iciciprulife.com/http://www.omkotakmahindra.com/http://www.birlasunlife.com/http://www.tata-aig-life.com/http://www.sbilife.co.in/http://www.ingvysyalife.com/http://www.licindia.com/


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Citibank Travel Insurance

GE Money

HDFC Life Insurance

ICICI Insurance Co.

ICICI Prudential

ICICI Lombard

ICICI Life Insurance

ING Vysya

Kotak Mahindra

Max New York

MetLife

Reliance Life

Reliance Standard Life

Royal Sundaram

SBI Life

Shriram Life

Tata AIG

The HDFC was established in 1977, for the purpose of providing the home loan forlong term

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http://www.indiahousing.com/citibank/citibank-travel-insurance.htmlhttp://www.indiahousing.com/ge-money-home-loans.htmlhttp://www.indiahousing.com/insurance-companies/hdfc-life-insurance.htmlhttp://www.indiahousing.com/icici-bank/icici-insurance-company.htmlhttp://www.indiahousing.com/icici-bank/icici-prudential.htmlhttp://www.indiahousing.com/icici-bank/icici-lombard.htmlhttp://www.indiahousing.com/insurance-companies/icici-life-insurance-company.htmlhttp://www.indiahousing.com/insurance-companies/ing-vysya-life-insurance-company.htmlhttp://www.indiahousing.com/insurance-companies/kotak-mahindra-insurance-company.htmlhttp://www.indiahousing.com/insurance-companies/max-new-york-life-insurance.htmlhttp://www.indiahousing.com/insurance-companies/metlife-insurance-company-limited.htmlhttp://www.indiahousing.com/insurance-companies/reliance-life-insurance.htmlhttp://www.indiahousing.com/insurance-companies/reliance-standard-life-insurance.htmlhttp://www.indiahousing.com/insurance-companies/royal-sundaram-insurance.htmlhttp://www.indiahousing.com/sbi-life-insurance.htmlhttp://www.indiahousing.com/insurance-companies/shriram-life-insurance-company.htmlhttp://www.indiahousing.com/insurance-companies/tata-aig-insurance.htmlhttp://www.irdaindia.org/www.fg-life.inhttp://www.hdfcchubbindia.com/http://www.saharalife.com/http://www.shriramlife.com/http://www.bharti-axalife.com/http://www.irdaindia.org/www.fg-life.inhttp://www.idbifortis.com/http://www.indiahousing.com/citibank/citibank-travel-insurance.htmlhttp://www.indiahousing.com/ge-money-home-loans.htmlhttp://www.indiahousing.com/insurance-companies/hdfc-life-insurance.htmlhttp://www.indiahousing.com/icici-bank/icici-insurance-company.htmlhttp://www.indiahousing.com/icici-bank/icici-prudential.htmlhttp://www.indiahousing.com/icici-bank/icici-lombard.htmlhttp://www.indiahousing.com/insurance-companies/icici-life-insurance-company.htmlhttp://www.indiahousing.com/insurance-companies/ing-vysya-life-insurance-company.htmlhttp://www.indiahousing.com/insurance-companies/kotak-mahindra-insurance-company.htmlhttp://www.indiahousing.com/insurance-companies/max-new-york-life-insurance.htmlhttp://www.indiahousing.com/insurance-companies/metlife-insurance-company-limited.htmlhttp://www.indiahousing.com/insurance-companies/reliance-life-insurance.htmlhttp://www.indiahousing.com/insurance-companies/reliance-standard-life-insurance.htmlhttp://www.indiahousing.com/insurance-companies/royal-sundaram-insurance.htmlhttp://www.indiahousing.com/sbi-life-insurance.htmlhttp://www.indiahousing.com/insurance-companies/shriram-life-insurance-company.htmlhttp://www.indiahousing.com/insurance-companies/tata-aig-insurance.html


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HDFC is rated as (AAA) by the CRISIL and ICRA.

In the year 2004, it was awarded DREAM HOME AWARD.

It has got 3rd rank in the investment management, in year 2006.

One of the largest financial institution of India with more than 2 million satisfiedcustomer base.

HDFC has following group companies

HDFC Ltd.

HDFC Standard life

HDFC Mutual fund

HDFC Securities

HDFC Bank

HDFC General Insurance

HDFC realty.com

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HDFC Standard Life Insurance Co. Ltd was incorporated on 14th august 2000. It is ajoint venture between Housing Development Finance Corporation Limited (HDFCLtd.) India and UK based Standard Life Company. Both the joint venture partners

being one of the leaders in their respective areas came together in this 81.4:18.6 jointventure to form HDFC Standard Life Insurance Company Limited.

The MD and CEO of HDFC Standard Life Mr. Deepak Satwalekar, has given thecompany new directions and has helped the company achieve the status it currentlyenjoys. HDFC Standard Life brings to you a whole range of insurance solutions be itgroup or individual or NAV services for corporations; they can be easily customizedas per specific needs.

HDFC Standard Life Insurance India boasts of covering around 8.7 lakh lives byMarch'2007. The gross incomes standing at a whopping Rs. 2, 856 crores, HDFCStandard Life Insurance Corporation is sure to become one of the leaders and the first

preference for any life insurance customer.

The Banc assurance partners of HDFC Standard Life Insurance Co Ltd are HDFC,HDFC Bank India Limited, Union Bank of India, Indian Bank, Bank of Baroda,Saraswat Bank and Bajaj Capital.

It is First private sector Life Insurance company to be granted a certificate ofregistration on 23 October 2000 by IRDA

It has 9 zonal offices, 29 regional offices, and 569 branches in India

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HDFC standard life


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The Rankings of the company by Customer survey score.

HISTORY OF HDFC STANDARD LIFE INSURANCE:

HDFC Standard Life Insurance Co. Ltd was incorporated on 14th august 2000. It is a

joint venture between Housing Development Finance Corporation Limited (HDFC Ltd.)

India and UK based Standard Life Company. Both the joint venture partners being one of the

leaders in their respective areas came together in this 81.4:18.6 joint Venture to form HDFC

standard life insurance company limited.

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Company name

Customer survey

score Rank

LIC (Government) 59 1

ICICI Prudential 55 2

HDFC STANDARD 52 3

TATA AIG 49 4

AVIVA LIFE 48 5

BAJAJ ALLIANZ 48 5

ING VYSA 45 7

MAX NEW YORK 45 7


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The MD and CEO of HDFC Standard Life Mr. Deepak Satwalekar, has given the

company new directions and has helped the company achieve the status it currently enjoys.

HDFC Standard Life brings to you a whole range of insurance solutions be it group or

individual or NAV services for corporations; they can be easily customized as per specific

needs.

HDFC Standard Life Insurance India boasts of covering around 8.7 lakh lives by

March'2007. The gross incomes standing at a whopping Rs. 2, 856 crores, HDFC Standard

Life Insurance Corporation is sure to become one of the leaders and the first

Preference for any life insurance customer.

The Banc assurance partners of HDFC Standard Life Insurance Co Ltd are HDFC,

HDFC Bank India Limited, Union Bank of India, Indian Bank, Bank of Baroda, Saraswat

Bank and Bajaj Capital.

The lapsation and renewal policy of HDFC Standard Life are clearly defined on the

official website. Online renewal forms are also available. For any change in personal details

like the contact details or the nominee of the policy or policy benefits, online servicing is

also available. Even the claim procedure has been simplified since affect of the loss life is

irreparable and is thus fully understandable at HDFC Standard Life. A completely hassle-free

process has been formulated to provide maximum convenience.

HDFC Standard Life first came together for a possible joint venture, to enter the Life

Insurance market, in January 1995. It was clear from the outset that both companies shared

similar values and beliefs and a strong relationship quickly formed. In October 1995 the

companies signed a 3 year joint venture agreement.

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Around this time Standard Life purchased a 5% stake in HDFC, further strengthening

the relationship.

The next three years were filled with uncertainty, due to changes in government and

ongoing delays in getting the IRDA (Insurance Regulatory and Development authority) Act

passed in parliament. Despite this both companies remained firmly committed to the venture.

Towards the end of 1999, the opening of the market looked very promising and

both companies agreed the time was right to move the operation to the next level. Therefore,

in January 2000 an expert team from the UK joined a hand picked team from HDFC to form

the core project team, based in Mumbai.

Around this time Standard Life purchased a further 5% stake in HDFC and a 5% stake

in HDFC Bank.

In a further development Standard Life agreed to participate in the Asset Management

Company promoted by HDFC to enter the mutual fund market. The Mutual Fund was

Launched on 20th July 2000.

Incorporation of HDFC Standard Life Insurance Company Limited: The Company was

incorporated on 14th August 2000 under the name of HDFC Standard Life Insurance

Company limited.

Their ambition from the beginning was to be the first private company to re-enter the

life insurance market in India. On the 23rd of October 2000, this ambition was realised when

HDFC Standard Life was the first life company to be granted a certificate of registration.

HDFC are the main shareholders in HDFC Standard Life, with 81.4%, while

Standard Life owns 18.6%. Given Standard Life's existing investment in the HDFC Group,

this is the maximum investment allowed under current regulations.

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HDFC Ltd. as on December 31, 2007 holds 72.38 per cent of equity in the

joint venture. HDFC Standard Life's Product portfolio comprises solutions, which meet

various customer needs such as Protection, Pension, Savings, and Investment. Customers

have the added advantage of customizing the Plans, by adding optional benefits called riders,

at a nominal price. The company currently has 21 retail and 6 group products in its portfolio.

HDFC Standard Life maintains very high professional standards during product

offerings by providing sound financial advice, efficient post-sale service, and immaculate

financial security. Ongoing training for conventional products, and specialized training, for

unit-linked products, for its financial consultants, has also helped its customers choose the

product, best suited for their needs.

HDFC Standard Life operates across more than 726 cities and towns of the country

supported by its strong network of more than 1, 45,000 Financial Consultants. HDFC

Standard Life also has more than 383 corporate agents and other sales intermediaries

including banks for distribution of insurance products

Associate Companies

HDFC Limited

HDFC Bank

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HDFC Mutual Fund

HDFC Sales

HDFC ERGO General Insurance

Other Companies:

HDFC Trustee Company Ltd.

GRUH Finance Ltd.

HDFC Developers Ltd.

HDFC Property Ventures Ltd.

HDFC Ventures Trustee Company Ltd.

HDFC Investments Ltd.

HDFC Holdings Ltd.

Credit Information Bureau (India) Ltd

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GROUP COMPANIES: BANCASSURANCE PARTNERS:
http://www.hdfc.com/http://www.hdfcbank.com/http://www.hdfcfund.com/http://www.hdfcsec.com/http://www.hdfcrealty.com/http://www.hdfcrealty.com/http://www.hdfcrealty.com/http://www.hdfcrealty.com/http://www.bajajcapital.com/http://www.bajajcapital.com/http://www.bajajcapital.com/http://www.hdfcfund.com/http://www.bankofbaroda.com/http://www.bajajcapital.com/http://www.saraswatbank.in/http://www.indian-bank.com/http://www.unionbankofindia.com/http://www.hdfcbank.com/http://www.hdfc.com/http://www.intelenetglobal.com/http://www.hdfcrealty.com/http://www.hdfcsec.com/http://www.hdfcfund.com/http://www.hdfcbank.com/http://www.hdfc.com/http://www.hdfcergo.com/http://www.hdfc.com/others/popup/about_us/hlsil.htmhttp://www.hdfcfund.com/


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BRANCH LOCATIONS SITE MAP:

HEAD OFFICES AND BRANCHES:

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HEAD OFFICE: HDFC Standard Life Insurance Co. Ltd.

'Trade Star, 2nd floor,AWing,

Junction of Kondivita and M.V. Road,

Andheri-Kurla Road,

Andheri (East), Mumbai - 400 059.

PHONE: (Board) (022) 2822 0055 / 6751 6666

Fax: 2822 9998 / 2822 2414

Why HDFC Standard Life?

HDFC Standard Life believes that establishing a strong and

ethical foundation is an essential prerequisite for long-term sustainable growth. To ensure

this, we have concentrated our focus on expansion of branch network, organizing an efficient

and well trained sales force, and setting up appropriate systems and processes with optimum

use of technology.

Strong Promoter

HDFC Standard Life is a strong, financially secure business supported by two

strong and secure promoters HDFC Ltd and Standard Life. HDFC Ltds excellent brand

strength emerges from its unrelenting focus on corporate governance, high standards of

ethics and clarity of vision.

Need-Based Selling Approach

Despite the criticality of life insurance, sales in the industry have beencharacterized by over reliance on tax benefits and limited advice-based selling. Our

eight-step structured sales process Disha however, helps customers understand their

latent needs at the first instance itself without focusing on product features or tax

benefits.

Focus on Training

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Training is an integral part of our business strategy. Almost all employees have

undergone training to enhance their technical skills or the softer behavioral skills to be able

to deliver the service standards that our company has set for itself. Besides the mandatory

training that Financial Consultants have to undergo prior to being licensed, we have

developed and implemented various training modules covering various aspects including

product knowledge, selling skills, objection handling skills and so on.

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ADVERTISEMENT AND SALES PROMOTION

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Board MembersBrief Profile of the Board of Directors

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Daughter: Relax dad, plan kiya.

Dad doesnt know what to say:

Par...

And hands him the cheque. Dad

looks at the cheque and questions.

Dad (seriously): Itne paise aaye

kahaan se?

Dad doesnt know what to say as

he looks at the cheque.

Daughter pleads: Pleasedad

Mother enters with tea. She senses

something serious and questions

them.

Mother: Aree Kya hua?

Father looks at her and says

emotionally.

Dad: Car badi ho gayi, aur beti

bhi.

Daughter smiles with pride.

Super: Unit Linked Savings Plans

MVO: Unit Linked Savings

Plans from HDFC Standard Life.

Zimmedari nibhao, Aaj bhi

kal bhi


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Mr. Deepak S. Parekh is the Chairman of the Company. He is also the Executive

Chairman of Housing Development Finance Corporation Limited (HDFC Limited). He

joined HDFC Limited in a senior management position in 1978. He was inducted as a whole-

time director of HDFC Limited in 1985 and was appointed as its Executive Chairman in

1993. He is the Chief Executive Officer of HDFC Limited. Mr. Parekh is a Fellow of the

Institute of Chartered Accountants (England & Wales).

Sir Alexander M. Crombie joined the Board of Directors of the Company in April,

2002. He has been with the Standard Life Group for 34 years holding various senior

management positions. He was appointed as the Group Chief Executive of the Standard Life

Group in March 2004. Sir Crombie is a fellow of the Faculty of Actuaries in Scotland.

Ms. Marcia D. Campbell is currently the Group Operations Director in the

Standard Life group and is responsible for Group Operations, Asia Pacific Development,

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Strategy & Planning, Corporate Responsibility and Shared Services Centre. Ms. Campbell

joined the Board of Directors in November 2005.

Ms. Renu S. Karnad is the Executive director of HDFC Limited, is a graduate inlaw and holds a Master's degree in economics from Delhi University. She has been employed

with HDFC Limited since 1978 and was appointed as the Executive Director in 2000. She is

responsible for overseeing all aspects of lending operations of HDFC Limited.

Mr. Ravi Narain is the Managing Director & CEO of National Stock Exchange of

India Limited. Mr. Ravi Narain was a member of the core team to set-up the Securities &

Exchange Board of India (SEBI) and is also associated with various committees of SEBI and

the Reserve Bank of India (RBI).

Mr. Gerald E. Grimstone was appointed Chairman in May 2007, having been

Deputy Chairman since March 2006. He became a director of The Standard Life Assurance

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Company in July 2003. He is also Chairman of Candover Investments plc and was appointed

as one of the UKs Business Ambassadors by the Prime Minister in January 2009. He then

spent 13 years with Schroders in London, Hong Kong and New York, and was Vice

Chairman of Schroders worldwide investment banking activities from 1998 to 1999. He is

the Alternate Director to Sir Alexander Crombie.

Chairman Mr. Deepak S.Parekh

Directors Mr.Keki M Mistry

Ms. Renu Sud Karnad

Mr. A. M. Crombie

Managing Directors & CEO Mr.D.M.Satwalekar

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Board of Directors


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ORGANIZATION CHARTORGANIZATION CHART

Chairman

MD

Zonal Mana er

Re ional Mana er

Retail Marketing Alternative Channel Operation Channel

Operation Channel

Human Resource


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Helping Indians experience the joy of home ownership. The road to success is a tough and

challenging journey in the dark where only obstacles light the path. However, success on a

terrain like this is not without a solution. As we found out nearly three decades ago, in 1977,

the solution for success is customer satisfaction. All you need is the courage to innovate, the

skill to understand your clientele and the desire to give them your best. Today, nearly three

million satisfied customers whose dream we helped realize, stand testimony to our success.

Our objective, from the beginning, has been to enhance residential housing stock and

promote home ownership. Now, our offerings range from hassle-free home loans and deposit

products, to property related services and a training facility. We also offer specialized

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Territory Manager Territory Manager HR ExecutiveTeam Manager

Branch Manager Branch Manager Operation Manager

Asst. B.M. Channel Execute

Business Dev.

Sales Dev. Mgr.

AREAS OF OPERATION
http://www.hdfc.com/


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financial services to our customer base through partnerships with some of the best financial

institutions worldwide.

The Housing Development Finance Corporation Limited (HDFC) was amongst the first to

receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in

the private sector, as part of the RBI's liberalization of the Indian Banking Industry in 1994.

The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with itsregistered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled

Commercial Bank in January 1995.

HDFC Mutual Fund has been one of the best performing mutual funds in the last few years.

HDFC Asset Management Company Limited (AMC) functions as an Asset Management

company for the HDFC mutual fund.

AMC is a joint venture between housing finance giant HDFC and British investment firm

Standard Life Investments Limited. It conducts the operations of the Mutual Fund and

manages assets of the schemes, including the schemes launched from time to time. As of

Aug 2006, the fund has assets of Rs.25,892 crores under management.

IN 2003, following a decision by the Zurich Insurance Company (ZIC), the Sponsor of

Zurich India Mutual Fund, to divest its asset management business in India, AMC had

entered into an agreement with ZIC to acquire the asset management business. Consequently,

all the schemes of Zurich Mutual Fund in India had been transferred to HDFC mutual fund

and renamed as HDFC schemes.

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http://www.hdfcfund.com/http://www.hdfcbank.com/


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Here is a list of mutual funds of HDFC which includes Equity Funds, Balanced Funds and

Debt Funds.

HDFC Securities, a trusted financial service provider promoted by HDFC Bank and JP

Morgan Partners and their associates, is a leading stock broking company in the country,

serving a diverse customer base of institutional and retail investors.

HDFCsec.com provides investors a robust platform to trade in Equities in NSE and BSE ,and derivatives in NSE. Our website will support you with the highest standards of service,

convenience and hassle-free trading tools.

Our research team tracks the economy, industries and companies to provide you the latest

information and analysis. Our content offers financial information, analysis, investment

guidance, news & views, and is designed to meet the requirements of everyone from a

beginner to a savvy and well-informed trader.

HDFC Realty is a wholly owned subsidiary of HDFC. We have assisted individuals in

acquiring homes valued at 5000 million rupees.

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http://www.hdfcrealty.com/http://www.hdfcsec.com/


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HDFC is a pioneer housing finance institution in India and with over 30 years in operations

has provided finance to over a million families in India.

We are a team of real estate professionals facilitating Buying, Selling or Leasing of

Residential / Commercial property.

At HDFC Realty, we provide personalized attention to the individuals and corporate in their

process of identifying properties. From understanding the requirement to organizing the site

visits to completion of transaction, we make every effort to make the process of acquiring a

property, hassle free and convenient.

MARKET SHARE

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HDFC Limited.

HDFC is Indias leading housing finance institution and has helped build more than

23, 00,000 houses since its incorporation in 1977.

In Financial Year 2003-04 its assets under management crossed Rs. 36,000 Cr.

As at March 31, 2004, outstanding deposits stood at Rs. 7,840 crores. The depositor base

now stands at around 1 million depositors.

Rated AAA by CRISIL and ICRA for the 10th consecutive year

Stable and experienced management

High service standards Awarded The Economic Times Corporate Citizen of the year Award for its

long-standing commitment to community development.

Presented the Dream Home award for the best housing finance provider in 2004 at the

third Annual Outlook Money Awards.

Standard Life Group (Standard Life plc and its subsidiaries)

The Standard Life group has been looking after the financial needs of customers for over180 years

It currently has a customer base of around 7 million people who rely on the company for

their insurance, pension, investment, banking and health-care needs

Its investment manager currently administers 125 billion in assets

It is a leading pensions provider in the UK, and is rated by Standard & Poor's as 'strong'

with a rating of A+ and as 'good' with a rating of A1 by Moody's

Standard Life was awarded the 'Best Pension Provider' in 2004, 2005 and 2006 at the

Money Marketing Awards, and it was voted a 5 star life and pensions provider at theFinancial Adviser Service Awards for the last 10 years running . The '5 Star' accolade has

also been awarded to Standard Life Investments for the last 10 years, and to Standard Life

Bank since its inception in 1998. Standard Life Bank was awarded the 'Best Flexible

Mortgage Lender' at the Mortgage Magazine Awards in 2006

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OBJECTIVE:

Focus on the productivity of each consultant, corporate or individual, while

stressing on the quality of proposals

Quick roll out of Products

Efficiency of Operations

Meet Social & Rural sector obligations

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VISION & VALUES


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IntegrityInnovationCustomer CentricPeople CareTeam WorkJoy and Simplicity

a) Integrity :- Honest and Truthful in every action

Transparency Stick to principles irrespective of outcome

Be just and fair to everyone.

b) Innovation:-

Building a store house of treasures through experiences.

Looking at every product and process through fresh eyes everyday.

c)Customer Centric:-

Understand customer expectations by keeping him as the centre point.

Listen actively

Understand customer needs and deliver solutions.

Customer interest always supreme.

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d) People Care:-

Genuinely understanding the people we work with.

Guiding their development through training and support. Helping them develop requisite skills to reach their true Know them on a personal front. Create an environment of trust and Respect for the time of others.

e) Team Work:-

Whole team takes the ownership of the deliverables. Consult all involved, understand and arrive at a common objective.

Co-operate and support across departmental boundaries.

Identify strengths and weaknesses according allocate responsibility to achievecommon objectives.

f) Joy and Simplicity:-

Environment that fosters fun in the form of celebration of individual and team

success.

To encourage work as fun that contributed to personal and organizational

development.

Joy is also derived through simple processes and forms.

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Protection Plans

HDFC Term Assurance Plan HDFC Loan Cover Term Assurance Plan HDFC Home Loan Protection Plan

Childrens Plans

HDFC Children's Plan

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PlansPlans
http://www.hdfcinsurance.com/Products/ProtectionPlans/ProtectionPlans.aspxhttp://www.hdfcinsurance.com/Products/ProtectionPlans/TermPlan.aspxhttp://www.hdfcinsurance.com/Products/ProtectionPlans/LCTermPlan.aspxhttp://www.hdfcinsurance.com/Products/ProtectionPlans/LCTermPlanPlus.aspxhttp://www.hdfcinsurance.com/Products/ChildrensPlans/ChildrensPlansLP.aspxhttp://www.hdfcinsurance.com/Products/ChildrensPlans/ChildrensPlans.aspxhttp://www.hdfcinsurance.com/Products/ProtectionPlans/ProtectionPlans.aspxhttp://www.hdfcinsurance.com/Products/ProtectionPlans/TermPlan.aspxhttp://www.hdfcinsurance.com/Products/ProtectionPlans/LCTermPlan.aspxhttp://www.hdfcinsurance.com/Products/ProtectionPlans/LCTermPlanPlus.aspxhttp://www.hdfcinsurance.com/Products/ChildrensPlans/ChildrensPlansLP.aspxhttp://www.hdfcinsurance.com/Products/ChildrensPlans/ChildrensPlans.aspx


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HDFC Unit Linked Young Star II

HDFC Unit Linked Young Star Plus II HDFC Young Star Champion

Retirement Plans

HDFC Personal Pension Plan HDFC Unit Linked Pension II HDFC Unit Linked Pension Maximiser II

Savings & Investments Plans

HDFC Single Premium Whole of Life Insurance Plan HDFC Endowment Assurance Plan HDFC Money Back Plan HDFC Unit Linked Endowment II HDFC Unit Linked Endowment Plus II HDFC Unit Linked Enhanced Life Protection II HDFC Unit Linked Endowment Winner

Health Plans

HDFC Critical Care Plan

HDFC SurgiCare Plan

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Company has two types of plansCompany has two types of plansPlans
http://www.hdfcinsurance.com/Products/ChildrensPlans/youngstar2.aspxhttp://www.hdfcinsurance.com/Products/ChildrensPlans/youngstar2Plus.aspxhttp://www.hdfcinsurance.com/Products/ChildrensPlans/YoungstarChampion.aspxhttp://www.hdfcinsurance.com/Products/PensionPlans/PensionPlan.aspxhttp://www.hdfcinsurance.com/Products/PensionPlans/Pension.aspxhttp://www.hdfcinsurance.com/Products/PensionPlans/Pension2.aspxhttp://www.hdfcinsurance.com/Products/PensionPlans/PensionMaximiser.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/SavingsPlans.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/WholeLife.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/EndowmentAssurance.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/MoneyBack.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/UnitLinkedEndowmentII.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/UnitLinkedEndowmentPlusII.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/UnitLinkedEnhancedLifeProtectionII.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/EndowmentWinner.aspxhttp://www.hdfcinsurance.com/Products/HealthPlans/HealthPlans.aspxhttp://www.hdfcinsurance.com/Products/HealthPlans/CriticalCare.aspxhttp://www.hdfcinsurance.com/Products/HealthPlans/SurgiCare.aspxhttp://www.hdfcinsurance.com/Products/ChildrensPlans/youngstar2.aspxhttp://www.hdfcinsurance.com/Products/ChildrensPlans/youngstar2Plus.aspxhttp://www.hdfcinsurance.com/Products/ChildrensPlans/YoungstarChampion.aspxhttp://www.hdfcinsurance.com/Products/PensionPlans/PensionPlan.aspxhttp://www.hdfcinsurance.com/Products/PensionPlans/Pension.aspxhttp://www.hdfcinsurance.com/Products/PensionPlans/Pension2.aspxhttp://www.hdfcinsurance.com/Products/PensionPlans/PensionMaximiser.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/SavingsPlans.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/WholeLife.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/EndowmentAssurance.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/MoneyBack.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/UnitLinkedEndowmentII.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/UnitLinkedEndowmentPlusII.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/UnitLinkedEnhancedLifeProtectionII.aspxhttp://www.hdfcinsurance.com/Products/SavingsPlans/EndowmentWinner.aspxhttp://www.hdfcinsurance.com/Products/HealthPlans/HealthPlans.aspxhttp://www.hdfcinsurance.com/Products/HealthPlans/CriticalCare.aspxhttp://www.hdfcinsurance.com/Products/HealthPlans/SurgiCare.aspx


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Traditional: Traditional plan is a life insurance solution that provides the client only guaranteed

return.

ULIP (Unit Linked Insurance Plan): Unit Linked insurance plan is a life insurance solution that provides the client with

the benefits of protection & flexibility in investment .It is solution which provides forlife insurance where the policy value at any time varies according to the value of theunderlying assets at the time.

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Traditional Ulip


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Companys Product Basket

Traditional ULIP

Protection Life Guard

Protection, Savings,

InvestmentSave n protect

Cash bark

Life Time Super

Life Time Plus

Premier Life Gold

Life Link Super

Child Plans

Smart Kid

Education guaranteed Smart Kid

Pension Plans

Forever Life Life Time Super

Pension

Health Plans

Health Assure

Health Assure Plus

Cancer Care

Cancer Care Plus

Hospital Care

Diabetes Care

Diabetes Care Plus

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So in these all product company mostly selling Product is Life Time Super.

If the company sell its 100 policies, in those 100 policies 75 policies are Life Time Super.

Why Life Time Super sells more?

Because of its benefits & features.

Life Time Super

Benefits & Features..

Choice of Premium

Regular Premium Plan Choose amount of premium Premium paid Yearly, Half yearly, Monthly. Minimum Premium Rs.24000

Choice of Sum assured

Minimum Sum assured is 2 lack Maximum Sum assured depends on the Sustainability matrix. Flexibility to decide the sum assured depending on your need.

Choice of Term

Choose the term depending on your financial goal. Minimum term 10 years Maximum term 75 years Maximum Maturity age should be 75 years.

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HDFC single premium whole of life insurance plan is a tailor made plan will suited to meet yourlong term investment needs. This plan offers you following benefit.

In case of your unfortunate demise during the policy term, this participating insurance plan will pay

your family the sum assured and compound reversionary bonuses, which are usually added annually.

An additional terminal bonus may be paid depending on the performance of the underlying

investment.

Plan features

A sound investment Surrender value

A so d investment: your money will be invested in a with profits fund. The fund aims to provide

secure and stable long term growth. Normally, under single premium whole of life, we expect to

declare a compound reversionary bonus for your policy every year and add it to your policy. In

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addition, on death, a terminal bonus might be payable based on companys experience. You pay a

single premium and the policy will pay you a lump sum.

Surrender value: you cant surrender your policy any time, after it has been in force for at

least 6 months and cant receive surrender value. After completion of 3 years, there will be a

guaranteed surrender value of 50% of premium paid. In addition you will be given additional

discretionary surrender value based on companys performance.

In case of unfortunate death: your nominee gets the sum assured plus any attaching bonuses.

For this plan you need not to undergo any medical test.

Eligibility: Minimum age at entry: 18 yrs

Maximum age at entry: 70 yrs

Payment options:

A single premium can be paid by cash, cheque or demand draft.

Minimum sum assured: Rs.25000

Maximum sum assured: Rs. 50, 00,000

Minimum premium: 25000

Maximum premium: 50, 00,000

This plan gives you:

An ideal way to secure your long-term financial goals.

Valuable protection to your family by the way of lump sum payment in case of your unfortunate

demise within policy term.

Lump sum payment on survival up to maturity date.

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In case of your unfortunate demise, during the policy term, this plan will pay your family thesum assured which you had chosen.

The plan receives simple reversionary bonuses, which are usually added annually. At the endof term an additional terminal bonus may be paid depending on the performance of the under lying

investment.

Benefit options

Critical illness:

you will be given the amount equal to sum assured under this benefit, on diagnosis on any one

of the 6 critical illnesses And the death benefit is payable only if you survive for 30 Days after Date

of CIB claim.

Additional term benefit:

In case of your unfortunate demise, your family will be provided the amount equal to the sum assured

selected.

Accidental death benefit:

You will be paid an additional amount, equal to the sum assured selected under this benefit, in caseof your unfortunate demise because of the accident or within 90 days of the accident.

Waiver of premium:

The company will waive the premium in case of total disability, which continue s beyond 26 weeks

from the date of disability.

ELIGIBILITY:

BENEFIT TERM PERIOD (YRS) AGE AT ENTRY(YRS) MAIMUM AGE

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OPTION AT MATURITYMINIMUM MAXIMUM MINIMUM MAXIMUM

Basic

policy 10 30 12 60 75

CI 10 30 18 55 70

ATB 10 30 18 60 75

ADB 10 30 18 55 65

WOP 10 30 18 50 60

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Today, you are busy climbing the ladder of success and realizing your dreams. Today, time is

with you. Just take a moment and think. Will you be able to continue at the same pace? Will

your income bet the same forever? Will you be able to live life on your own terms even after

you retire?

We understand your need to build a secure future for yourself. Hence the HDFC Personal

Pension Plan is an insurance policy that is designed to provide a post retirement income for

life with the freedom to choose your retirement date.

You can choose your premium, the sum assured and your retirement date. At the end of the

policy term, you will receive the sum assured plus any attaching bonus, which will provide

your post retirement income.

This plan is an insurance policy, which can benefit you in the following ways.

It provides a post retirement income in your golden years. It gives you the flexibility to plan your retirement date. It gives you tax benefits on your premiums

The plan receives sample reversionary bonuses, which are usually added annually.

At the end of the term an additional terminal bonus may be paid depending on the

performance of underlying investment.

EASY STEPS TO YOUR OWN PLANS

Step 1 Choose your retirement age

Step 2 Estimate the post retirement income you require

Step 3 Work out the premium payable with your FC

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STEP 1: CHOOSE YOUR RETIREMENT

Your can select any age you wish to retire at (vesting age),

Between 50 years and 70 years.

The age and term limits for taking out the HDFC personal pension plan are as shown below:

STEP 2: ESTIMATE YOUR RETIREMENT AGE

We understand your desire to live life on your terms even after retirement. We

have designed this plan so that it gives you flexibility to structure the ideal

retirement plan. Estimate the desired post retirement post- retirement income,

which will help you stride in your golden years of retirement with dignity and

pride, i.e. estimate the money you might meet your retirement needs.

STEP 3: PREMIUM YOU NEED TO PAY

Based on your estimate of the post - retirement income required by you, choose

the sum assured. The premium you have to pay depends on your age, the sum

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POLICY

TYPE

Term period (Yrs.) AGE AT ENTRY(Yrs.) AGE AT RETEIRMENT

MINIMU

M

MAXIMU

M

MINIMU

M

MAXIMU

M

MINIMU

M

MAXIMUM

Regular

premium

10 40 18 60 50 70

single

premium

5 15 35 60 50 70


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assured you have chosen, the premium paying frequency and the term of the

policy. Depending on the sum assured chosen by you, you will get an

approximate indication of corresponding premium you need to pay.

The table shows the indicative annual premiums for Rs.5 Lakh Sum Assured.

YOUR

AFE

(Yrs.)

TERM PERIOD

15 Yrs. 20 Yrs. 25 Yrs. 30 Yrs.

30 N/A 20,945 15,770 12,475

35 29,890 21,035 15,915 12,710

40 29,985 21,185 16,150 13,120

In case of your unfortunate demise your nominee will get following benefits.

Policy Type BENEFITS

Demise within first year Demise after first year

Regular Premium Policy 80% of the premium paid

Premium paid to date along with

Compound interest calculated at 8%

per annum

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Single Premium Policy90% of the premium paid Sum Assured + bonus declared to

date

Tax benefits (based on current tax laws)

You will be eligible for tax benefit under section 80cccof the income tax Act,

1961

Under section for 80c, you can save up to Rs.33, 990 from your tax eachyear as premiums up to Rs.1, 00,000 are allowed as a deduction fromyour taxable income.

The above mentioned tax benefits are subject to changes in the tax laws.

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Children's Plans :

Help you to safeguard your childrens future, even incase something were to happen to

you...

As a parent, your priority is your childs future and being able to meet your

childs dreams and aspirations. Today, providing a good education, establishing a

professional career or even a modest wedding is expensive. Costs are increasing fast. Just

imagine how much youll need when your child takes these important steps in life!

Plan today to ensure a bright future for your child. Start building savings today

with our HDFC Childrens Plan. So that your child is able to lead a life of respect and

dignity with a secured financial future.

HDFC Childrens Plan

The HDFC Childrens Plan gives you:

Invaluable financial support to your child. A choice to customize an ideal plan for your child. Multiple options for multiple benefits.

The HDFC Childrens Plan is designed to secure your childs future by givingyour child (the beneficiary) a guaranteed lump sum, on maturity or in case of your

unfortunate demise, early in the policy term. The premiums, paid by you, are invested by

the company to give you good long-term returns.

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The plan receives simple Reversionary Bonuses, which are usually added

annually. At the end of the term an additional Terminal Bonus may be paid depending on

the performance of the underlying investment (See Bonuses for more detail).

Why do I need Childrens Plans?

Childrens Plans helps you save so that you can fulfill your childs dreams and

aspirations. These plans go a long way in securing your childs future by financing thekey milestones in their lives even if you are no longer around to oversee them. As a

parent, you wish to provide your child with the very best that life offers, the best possible

education, marriage and life style.

Most of these goals have a price tag attached and unless you plan your finances carefully,

you may not be able to provide the required economic support to your child when you

need it the most. For example, with the high and rising costs of education, if you are not

financially prepared, your child may miss an opportunity of a lifetime.

Today, a 2-year MBA course at a premiere management institute would cost you nearly

Rs. 3,00,000/- At a assumed 6% rate of inflation per annum, 20 years later, you would

need almost Rs. 9,07,680/- to finance your child's MBA degree.

An illustration of how education expenses could rise with passing time due to inflation

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Types of Childrens Plans

Our range of Children's Plans includes

3 EASY STEPS TO YOUR OWN PLAN

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Step 1: CHOOSE THE AMOUNT OF TRAGETED SAVINGS

This plan gives you the flexibility to structure the ideal plan for your child.

Estimation the money, which you might require for your child at any one of themilestones in his or her future.

Choose the amount of targeted savings and policy term using the Financial PlanningTool available with our Financial Consultant.

Step 2: CHOOSE OF 3 PLAN OPTIONS

Lets assume that you are the insured parent and your child the beneficiary, who will

receive the benefits as per your plan option. You can choose any one of the 3 plan optionat the start of the policy.

Accelerated Benefit Plan Death Benefit ORMaturity Benefit

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Step 1 Choose the amount of targeted savings andPolicy term using our Financial Planning Tool.

Step 2 Choose any one of the 3 plan options as

Per your Childs requirement.

Step 3 Work out the premium payable and Sum

Assure With our Financial Consultant.


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Maturity Benefit Plan Death Benefit AND Maturity Benefit

Double Benefit Plan Death Benefit And Maturity Benefit

PLAN

OPTION

DETH BENEFIT

(On death of insured parent during the

policy term)MATURITY BENEFIT

Accelerated

Benefit Plan

We will pay the Sum Assured +

Bonuses Declared.

The policy terminates immediately.


Bonuses Declared.

Maturity

Benefit Plan

Your family need not pay any further

premiums and policy continues.


Bonuses Declared.

Double

Benefit Plan

We will pay the Sum Assured.

Your family need not pay any further

premiums and the policy continues.


Bonuses Declared.

Step 3: PREMIUM YOU NEED TO PAY

Once you have chosen the amount required and the Plan Option, get an indication of

corresponding premium you need to pay. The table below shows the Indicative Premiums

for a male life assured paying annual premiums for a Rs. 5 lakh Sum Assured policy with

the policy maturing when the child is 21 years old (i.e. 20-year term period and current

age of child is assumed to be 1 year).

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AGE OF

PARENT (Yrs.)

ACCELERATE

D

BENEFIT PLAN

(Rs.)

MATURITY

BENEFIT PLAN

(Rs.)

DOUBLE

BENEFIT PLAN

(Rs.)

30 23,575 22,690 24,085

35 24,045 22,820 24,790

40 24,890 23,055 26,005

You can choose to pay your premium as either quarterly, half-yearly or annually

depending on your convenience. We advise you to go for an annual premium payment

mode, as it will help you save on the yearly premium payable as compared to other

premium modes. You can pay your premium up to 15 days after the due date to fit in

with your cash flow.

Eligibility:

The age and term limits for the insured parent for taking out the HDFC Childrens Plan

are as shown below:

Term Period (Yrs.) Age at entry (Yrs.) Max. age at

Maturity(Yrs.)Minimum Maximum Minimum Maximum

10 25 18 60 75

Beneficiaries:

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The beneficiary (your child) is the sole person to receive the benefit under the policy.

Where the beneficiary is less than 18 years of age, the benefit will be paid to the

Appointee.

Tax Benefits (Based on current tax laws) :

You will be eligible for tax benefits under Section 80c and Section 10 (10c) of the

income Tax Act, 1961.

Under Section 80c, you can save up to Rs.33, 660 from your tax each year (calculatedon the highest tax bracket) as premiums up to Rs.1, 00,000 are allowed as a deductionfrom your taxable income.

The HDFC MONEY BACKplan is with profit plan that gives you:

A proportion of basic sum assured as cash lump sums at regular 5years intervalswithin the policy term.

A lump sum payment on survival up to maturity date. Valuable protection to your family by the way of lump sum payment in case of your

unfortunate death within the policy term. This is over and above any earlier payouts.

Maturity value:on maturity you will receive survival benefit due at that point of time along

with attaching bonuses for the full sum assured calculated for the full term.

In this plan following benefit options are given.

Critical illness benefit:

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We will pay an amount, equal to the sum assured selected under this benefit, on diagnosis of

any one of the 6 critical illnesses. The sum assured is payable only if you survive for 30 days

after the date of CI claim.

Once such claim is settled, no further CI benefit is payable. However, basic policy remain

continue.

Additional term benefit:

We will pay an additional amount, equal to the sum assured selected under this benefit, in

case of your unfortunate demise.

Accident death benefit:

We will pay an additional amount, equal to the sum assured selected under thisbenefit, in case of your unfortunate demise

Due to an accident Within 90 days of the accident

Waiver of premium:

We will waive off the premium in case of total disability, which continues beyond26 weeks from the date of disability.

The waiver is applicable during the period of total disability

ELIGIBILITY:

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Benefitoption Term period (yrs.) Age at entry(yrs.)Maximum age at

maturity

BASIC

POLICY

Minimum Maximum Minimum Maximum

10 30 12 60 75

CI 10 30 18 55 70

ATB 10 30 18 60 75

ADB 10 30 18 55 65

WOP 10 30 18 50 60


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Health Plans:

Provide a financial cushion to meet any health related emergencies...

Secure your health costs Financial independence despite illnesses Meeting medical expenses effortlessly

Why do I need Health Plans?

Health plans give you the financial security to meet health related contingencies. Due tochanging lifestyles, health issues have acquired completely new dimension overtime,

becoming more complex in nature. It becomes imperative then to have a health plan in place,

which will ensure that no matter how critical your illness is, it does not impact your financial

independence.

In the race to excel in our professional lives and provide the best for our loved ones, we

sometimes neglect the most important asset that we have our health. With increasing levels

of stress, negligible physical activity and a deteriorating environment due to rapid

urbanization, our vulnerability to diseases has increased at an alarming rate.

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Source: National Commission on Macroeconomics and Health Report 2005.

Note: Current figures are for the year 2000(Cardiovascular diseases)), 2001 (COPD and

Asthma), 2004 (Cancer) and 2005(Diabetes and Mental Health). All figures above are on a

per lakh basis.

As can be seen in the above chart, lifestyle diseases are set to spread at disturbing rates. The

result increased expenditure. In many cases, people need to borrow money or sell assets to

cover their medical expenses. All it takes is a suitable plan to help you overcome the

financial woes related to your health by paying marginal amounts as premiums. For example,

if you are 30 years old, then a mere sum of approximately Rs 3500* annually (exclusive of

taxes) can provide you a health insurance plan of Rs 5 lakh over a period of 20 years, and a

worry-free future for you and your family.

Types of Health Plans:Our range of Health Plans includes

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Retirement Plans:

Takes care of your retirement needs and helps you remain financially independent...

Monetary security Financial independence even after retirement Live carefree in your golden years

Why do I need Retirement Plans?

Retirement Plans provide you with financial security so that when your professional income

starts to ebb, you can still live with pride without compromising on your living standards. By

providing you a tool to accumulate and invest your savings, these plans give you a lump sum

on retirement, which is then used to get regular income through an annuity plan. Given the

high cost of living and rising inflation, employer pensions alone are not sufficient. Pension

planning has therefore become critical today.

Indias average life expectancy is slated to increase to over 75 years by 2050 from the

present level of close to 65 years. Life spans have been increasing due to better health and

sanitation conditions in the country. However, the average number of years of employment

has not been rising commensurately. The result is an increase in the number of post-

retirement years.

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Priorities at different stages of life:-

However, skyrocketing costs can throw even a well-laid plan off balance. With costs rising

every day, you can just imagine how high they will be when you are ready to hang up your

boots. So, what should you do to counter this? Its time to plan your retirement and that too

sooner than later.

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The above illustration shows how with each passing year your annual savings requirement

would increase. For instance, if you are 30 years old and plan to retire at 60, then, with a

current annual expenditure of Rs. 3,00,000/- , you would need a corpus in excess of Rs.

2,00,00,000/- to maintain your living standards, assuming you live till 85 years and the

inflation rate is 4%. To build this retirement corpus, you need to invest Rs 3,60,000/- per

annum in a retirement plan that offers 8% returns per annum. In case you delay planningyour retirement by 5 years then the investment amount would increase to Rs 6,90,000/- per

annum.

Types of Retirement Plans:

Our range of Retirement Plans includes

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Savings & Investment Plans:

Provides you with financial security...

Dual benefit of protection and long term savings Provide an assured sum for future needs Inculcate a habit of regular savings

Why do I need Savings & Investment Plans?

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You have always given your family the very best. And there is no reason why they shouldnt

get the very best in the future too. As a judicious family man, your priority is to secure the

well-being of those who depend on you. Not just for today, but also in the long term.

A big factor that you need to consider while building your wealth is inflation. It has a dual

impact on your hard-earned savings. Inflation not only erodes your current purchasing power

but also magnifies your monetary requirements for the future. Sample this: An 35 Year

individual needs to invest Rs. 36,000/- per year with 8% returns to build a corpus of Rs.

10,00,000/- by the age of 50 Years.

However, Rs. 10, 00,000/- after 15 years would be worth roughly around half of what it is

today once adjusted for inflation at the rate of 4%. Therefore, an individual will need to save

nearer to Rs 50,000/- annually to reach your targeted savings at the age of 50 Years, if you

consider inflation.

Our Savings & Investment Plans provide you the assurance of lump sum funds for your and

your familys future expenses. While providing an excellent savings tool for your short term

and long term financial goals, these plans also assure your family a certain sum by way of an

insurance cover. With HDFC Standard Lifes range of Saving & Investment Plans, you can

therefore ensure that your family always remains financially independent, even if you are not

around.

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Types of Savings & Investment Plans

Our range of Savings & Investment Plans includes

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Customer Services:

Premium Payment Options

Discover 8 hassle freeways

At our Branches

Locate a branch nearest to you for making your premium payment

Post or Courier

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Send premium cheques/demand draft by postal services.Online Payment

Make online payment of premium anytime and from any location, at a click of themouse.

Drop Boxes

Locate your nearest drop box location.

Credit Card

Pay your premium through your HDFC bank credit card.

Standing Instruction Mandate

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Pay your renewal premium through a standing instruction mandate from your HDFCbank account

ECS or Auto Debit Facility

Pay renewal premiums through Electronic Clearing Service (ECS) of Reserve Bank ofIndia (RBI)

Easy Bill

One stop bill payment shop

Claims

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We understand that bereavement can be difficult to deal with, especially when you

have to arrange for all the formalities in case of insurance claims.

At HDFC Standard Life we lend a helping hand by enabling faster settlement of claims

and help the family financially at the time of distress.

For any assistance or query relating to reporting claims (Death Claims / Critical Illness

Claims) you may get in touch with us by emailing us at [email protected] and

we will get back to you with the details that will be required to process a claim.

To help you arrange the documents we have drawn up a list of documents that you maybe required to send along with the claims form. This list is for your reference only and

the complete list may vary for each claim

Lapsation & Revival

Your renewal premium should reach us by the due date specified in the premium

reminders. It is always advisable to pay on time so that your valuable policy benefits

can continue. However we do understand that there may be times when you may not be

able to pay the renewal premium by the due date. Therefore we allow for some

additional number of days from the due date, which is specified in your policy

document, to help you make your premium payment.

In case we still dont receive your premium payments by the end of the above

mentioned period, we would do either one of the following:

Lapse the policy if you havent paid premiums for the first 3 policy years. Make the

policy Paid up if otherwise

Either of these may mean loss/reduction of valuable benefits of your policy. Please

refer to your policy document for details.

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After that process, person has to give one exam of IRDA (insurance Regulatory and

Development Authority). IRDA is the one that control all the insurance company or

whole insurance sector. If applicant can pass the exam, he is given the license and

after that he can work as a Financial Consultant.

TRAINING AND DEVELOPMENT:

In any business organization, training is given to new selected employee to

Improve the skill and knowledge regarding the work to be done. For that

Purpose HDFC organizes the training programmer for new employee.

Generally this training programmer is held after candidates pass the exam of

IRDA. This training is organized for one week. They are given training by

Well trained faculty. They are given the knowledge about the products of the insurance ofparticular company.

In the insurance company, there are two way for the training

1. Class room training (IRDA)2. product knowledge training

3.Class room training

In the class room training, the training is given to the fresher. The benefit of training room is

that, all candidates can exchange their idea and can get solution of their problem if any.

And face to face training is more effective than other way of training and

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Candidates can acquire the knowledge in best possible manner

F.C. has to attend two types of training. First training is related to the exam of IRDA. In this

training, basic knowledge of the insurance is given to F.C. based on which he / she has to

give the exam.

After that, financial consultant has to take the product training in which he / she is given theknowledge of the various product of the insurance company. After completing this training,

he is able to start the work.

MOTIVATION:

In simple words, motivation is a force that makes each one to work hard & to achieve

something resulting in self satisfaction. Or it is an art of getting people to do required work.

Need for motivation in insurance

To improve the performance of person

For achieving excellent out comes

For develop sense of pride

Generally the motivations are in the form of monetary or non monetary

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In insurance, monetary incentive includes the commission which is given in the basis of the

performance of the financial consultant.

Non monetary incentives includes award, reconviction, admire of the performance. If

financial consultant performs to the some extent, he is given non monetary incentives like

gifts, club member ship, etc

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HDFC Standard Life declares results for FY08-09Business wire India

Posted: 2009-05-06 09:01:48+05:30 IST

Updated: May 06, 2009 at 0901 hrs IST

Mumbai: HDFC Standard Life, one of Indias leading private life insurancecompanies,

Declared its annual results for the financial year ending March 31, 2009.The company

Generated Total Premium Income of Rs. 5564.69 corers in FY2008-09registering a year on-

Year growth of 15%. The growth was primarily driven by the companysstructured

Sales processes based on customer needs and their assessments, widerange of product

Portfolio and diverse distribution network.

HDFC Standard Life maintained its healthy pipeline of products lastyear by launching

11 products apart from slashing the premium rates of its TermAssurance Plan premium

Rates by about 25% across different age bands. Our entry into thehealth insurance

Market last year with the launch of two products SurgiCare andCritical Care was a

significant move in line with our business objective. The low

penetration of health

insurance in India gi

anil hdfc print1111111

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