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Hdfc Standard Life Insurance Company Swot Analysis

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1. HDFC Standard life insurance company ltd.
HDFC Standard Life insurance company ltd is one of India's driving private life coverage organizations, which offers a scope of individual and group insurance solution arrangement. It is a joint venture between housing development finance corporation limited (HDFC Ltd). It is one of the India’s leading housing finance institution and the standard life assurance company, a leading provider of financial service from the united kingdom.
IRDA (Insurance Regulatory and Development Authority)
The Government of India has enacted the Right to Information Act, 2005which has come into effect from October 13, 2005. The Right to Information under this Act is meant to give to the citizens of India access to information under control of …show more content…
Furnishing of further information and clarification, etc. The Authority may require the applicant, which makes a requisition, to furnish further information or clarification regarding the matters relevant to consider the requisition for registration application.

6. Consideration of requisition for registration application. The Authority on being satisfied that

(1) The requisition in Form is complete in all respects and is accompanied by all documents required there in;
All information given in the Form should correct;
The applicant will carry on all functions in respect of the insurance business including management of investments within its own organization;
7. Rejection of requisition for registration application-
The application can be rejected on the basis of the half filled application or not eligibility of the applicant.
8. Action upon rejection of application for requisition. An applicant, requisition for registration application has been rejected, may approach the Authority with a fresh request for registration application after a period of two years from the date of rejection, with a new set of promoters and or for a class of insurance business other than the originally proposed

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