Who is the owner of HDFC Ergo?
HDFC Bank
Housing Development Finance CorporationErgo Group
HDFC ERGO General Insurance Company/Parent organizations
What is the meaning of HDFC Ergo?
HDFC ERGO General Insurance Company Ltd. (HDFC ERGO) is a 51:49 joint venture between Housing Development Finance Corporation Limited, India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group.
Is Apollo Munich and HDFC Ergo same?
The merger of HDFC ERGO Health Insurance, which was earlier known as Apollo Munich Health Insurance, with HDFC ERGO General Insurance, has been completed with the approval from the Insurance Regulatory and Development Authority of India (IRDAI).
Is HDFC Ergo listed company?
HDFC holds 51 percent, and ERGO the other 49 percent. The firm operates in 101 Indian cities with over 127 branches and 2,000 plus staff members. It is a subsidiary of HDFC limited….Shareholding Pattern:
| Shareholder’s name | No. of Shares (FY20) | \% of total shares (FY20) |
|---|---|---|
| ERGO International | 29,22,02,312 | 48.29\% |
Is HDFC Ergo Indian company?
HDFC ERGO General Insurance Company Limited is a joint venture between HDFC Ltd. and ERGO International AG, the primary entity of Munich Re Group. It is headquartered in Mumbai, India.
What is the percentage share of HDFC Ltd in HDFC Ergo?
In financial year 2020, the private insurance company HDFC ERGO had a market share of 6.2 percent in the Indian general insurance landscape. This was an increase compared to the previous fiscal year’s 5.1 percent.
Is HDFC ERGO Indian company?
What is the percentage share of HDFC Ltd in HDFC ERGO?
Is HDFC and HDFC Ergo same?
HDFC ERGO General Insurance Company Ltd. is a joint venture between HDFC Ltd., India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group.
What is the value of HDFC Ergo?
(SEED) Sensitivity, Excellence, Ethics and Dynamism. internal and external customers’ needs. We will always strive to offer innovative products and services and endeavour to set new benchmarks to do things better each time.
Who is the No 1 insurance company in India?
Following is the list of best insurance companies in India
| Sl. No. | Company Name | Claim Settlement Ratio (2018-19) |
|---|---|---|
| 1. | Life Insurance Corporation of India | 97.79\% |
| 2. | Max Life Insurance Company | 98.74\% |
| 3. | HDFC Life Insurance Company | 99.04\% |
| 4. | ICICI Prudential Life Insurance | 98.58\% |
Is HDFC ergo General Insurance Company a private company?
Over the last five years, the company has grown to become the 4th largest Private Sector General Company in India. HDFC ERGO General Insurance Company Ltd. is a 74:26 joint venture between HDFC Ltd., India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group.
Who is the current chairman of HDFC?
Mr. Deepak S. Parekh (DIN: 00009078) is the Chairman of the Company and its holding company – Housing Development Finance Corporation Limited (HDFC), India’s premier Housing Finance Company. He is a fellow of The Institute of Chartered Accountants (England & Wales). He joined HDFC in a senior management position in 1978.
How many branches are there in hdhdfc ergo?
HDFC ERGO is expanding its network across the country and is today present in 109 branches spread across 89 cities with an employee base of over 1900 professionals. The Company also has a wide distribution network comprising of brokers, retail and corporate agents, bancassurance besides its own direct sales force.
What is Ergo General Insurance Company Ltd?
HDFC ERGO General Insurance Company Ltd. is a joint venture between HDFC Ltd., India’s premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group.