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In June 2019, HDFC announced plans to acquire a 51.2 percent stake in Apollo Munich Health Insurance and later merged it with its general insurance arm, HDFC ERGO. [4] In 2020, HDFC Ergo Health Insurance( earlier known as Apollo Munich Health Insurance) [4] merged with the company after the receipt of final approval from the Insurance ...
The company is a joint venture between Housing Development Finance Corporation Ltd (HDFC), one of India's leading housing finance institutions and Abrdn, a global investment company. [5] As of 31 March 2020, the promoters; HDFC Ltd. and Standard Life (Mauritius Holdings) 2006 Ltd. hold a 51.69% and 34.75% stake in HDFC Life respectively. [5]
HDFC formed this general insurance company with ERGO Insurance Group. HDFC held 50.5% and ERGO holds 26% of the shares. By the end of September 2013, its market share in general insurance stood at 4.1% (overall) in terms of gross gross direct premium in first half year of FY 2013–14. [15]
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Download QR code; In other projects Appearance. move to sidebar hide ... English: Logo of HDFC ERGO General Insurance Company. Date: August 25,2013 Uploaded: Source:
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