HDFC Life set for global foray

Wednesday 28, May, 2014 Private insurer HDFC Life has got permission to set up a subsidiary in the West Asia region, from the Insurance Regulatory and Development Authority (Irda), the regulator. With this, HDFC Life might become the first Indian private insurer to have an international presence. Though companies have set up representative offices in other countries, none of them have begun full-fledged operations in non-Indian markets. Amitabh Chaudhry, MD & CEO, HDFC Life, said, "We are planning to set up a subsidiary in the Gulf. Irda has given us permission for that."

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