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HDFC Chubb General Insurance Company Limited

HDFC

Incorporated in 1977 with a share capital of Rs. 10 crores, HDFC has since emerged as the largest residential mortgage finance institution in the country. The corporation has had a series of share issues raising its capital to Rs. 119 crores. The net worth of the corporation as on March 31, 2000 stood at Rs. 2,096 crores.

HDFC operates through 75 locations throughout the country with its Corporate Headquarters in Mumbai, India. HDFC also has an international office in Dubai, U.A.E., with service associates in Kuwait, Oman and Qatar.

Chubb Corporation

The Chubb Corporation is one of the worlds largest, financially strongest, non-life insurance companies. The Chubb Corporation was formed in 1967 and was listed on the New York Stock Exchange in 1984. It ranks among the top 10 publicly traded insurance organizations based on revenues in the United States.

With more than 12,000 employees throughout North America, Europe, South America, and the Pacific Rim, Chubb serves property and casualty customers from more than 130 offices in 32 countries. Chubb works closely with 8,000 independent agents and brokers worldwide.

The Joint Venture

HDFC Chubb General Insurance Company Limited, a joint venture between HDFC, India's premier financial services company, and The Chubb Corporation, leading global non-life insurer, formally launched its operations on October 17, 2002 in Mumbai. Offices in New Delhi, Bangalore and Hyderabad have also been opened simultaneously

HDFC Chubb plans to introduce over time three categories of non-life insurance products in the Indian market:
· Auto & Home (Personal Lines)
· Accident & Health - comprising of three products: Group Accident Policy, Hospital Cash (Accident only) and Business Travel Policy - Accident & Sickness (Single Trip and Annual Multi Trip)
· Commercial Insurance - products to cover the broad spectrum of the main commercial classes of property and also Marine and Casualty classes of business
HDFC Chubb has been set up with a capital of Rs. 101 Crores, in which HDFC holds 74% and The Chubb Corporation 26%.

Contact Address

HDFC Chubb General Insurance Co. Ltd.,
5th Floor, Express Towers,
Nariman Point,
Mumbai 400 021.

URL: http://www.hdfcchubbindia.com

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