Mumbai (Maharashtra) [India], October 15 (ANI/NewsVoir): On October 14, 2022, HDFC Life, one of India's leading life insurers, announced the merger with its wholly owned subsidiary Exide Life, pursuant to the receipt of the final approval from Insurance Regulatory and Development Authority of India (IRDAI). This event marks the completion of the first-ever merger and acquisition (M&A) transaction in the Indian life insurance sector. HDFC Life completed the acquisition of Exide Life in January 2022. The entire transaction - from announcement of the deal in September 2021 followed by the acquisition in January 2022 and the eventual merger - was completed in less than 14 months. Pursuant to the merger, customers across both entities will have access to a wider bouquet of products and service touchpoints. Employees and distributors will benefit from a larger, stronger organisation that has complementary business models, wider geographical presence and strong ethos. This merger will
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Mumbai (Maharashtra) [India], September 30 (ANI/NewsVoir): HDFC Life, one of India's leading life insurers has launched the 'Insure India' campaign that is aimed at educating Indians on the benefits of life insurance as a product category. Over the last three years, HDFC Life along with its vast network of distribution partners has established life insurance awareness month as an exclusive property to spread awareness about the category. Previous initiatives include 'Start the Talk', 'Get Set Protect' and 'Being Responsible' which primarily aimed to educate consumers about life insurance. These continued efforts across various platforms, by HDFC Life and its partners, have enabled the brand to reach out to millions of individuals across the country. 'Insure India' is the latest addition to this series. The objective of this campaign is to educate Indians about life insurance thereby motivating them to secure their future with this unique fina