| As part of its expansion strategy, the company on Sunday opened its new office in Rajkot, taking the total number of branches in Gujarat to five and the strength all over the country to over 50. |
| HDFC Life now has branches in Ahmedabad, Vadodara, Surat, Rajkot and Gandhinagar in Gujarat. |
| Speaking at the function to inaugurate the Rajkot branch, Deepak Satwalekar, managing director and chief executive of the company, said, "Our performance in Gujarat has been satisfactory and we are confident of our continued success here. We will look at further growing in Gujarat through a range of flexible products and services." |
| Sanjay Vij, branch head of HDFC Life, Gujarat, said the sum assured will cross the Rs 500 crore mark in the next two or three days. |
| "We have set ourselves a target of Rs 300 crore insurance premium collection and are optimistic, because close to 40 per cent of the business takes place in the last four months of the financial year," Vij said. |
| The company, which began operations in the state in August 2001, has its own offices in five cities and its presence through tie-ups in all the district headquarters of the state, Vij said. |
| He said the company is looking at setting up offices in other cities as well. |
| The company officials said HDFC Standard Life has a wide range of products through which it is able to meet customers' savings, protection, investment and pension needs. |
| In addition, the customers have the option to customise plans by adding optional benefits called riders, at a nominal price. |
| HDFC Standard Life has declared three consecutive bonuses in the last three years on its 'with profit' products. |
| HDFC Life operates from 53 locations in the country. The company's products are distributed by a team of over 15,000 financial consultants and HDFC life has tie-ups with corporate agents which include HDFC Bank, Union Bank, Indian Bank and Gruh Finance Ltd, the company said. |
Top Section
Explore Business Standard