HDFC Standard Life Insurance Company Limited, is one of the most profitable life insurers based on Value of New Business (VNB) margin, among the top five private life insurers in India (measured on total new business premium) in Fiscal 2016 and Fiscal 2017 according to CRISIL.
It was one of the first private life insurance company to register in India and was established as a joint venture between HDFC (one of India’s leading housing finance institutions) and Standard Life Aberdeen plc (one of the world’s largest investment companies).
THe company’s embedded value stood at INR 140,114 million as on September 30, 2017 and INR 124,705 million as on March 31, 2017. VNB Margin for H1 FY18 was recorded at 22.44% and for FY17 at 22.02%.
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