Thursday, October 24, 2013 10:00 AM IST (04:30 AM GMT)
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HDFC Life Honored with SAP Ace Award for Customer Excellence
Mumbai, Maharashtra, India, Thursday, October 24, 2013 — (Business Wire India) — HDFC Life, India’s leading long term private life insurance solutions provider announced that it has won the 7th edition of SAP ACE Award for Customer Excellence 2013. This award is in recognition of the business excellence HDFC Life has achieved through best implementation of SAP.
SAP ACE awards are an industry benchmark to recognize the best of best-run businesses in the Indian subcontinent. They honour business excellence achieved through the implementation of SAP solutions. HDFC Life won this prestigious award in the category of Best Run Award in Budgeting, Planning & Consolidation.
Commenting on the occasion, Thomson Thomas, SVP – Business Systems & Technology, HDFC Life said, “Technology is an important strategic lever for HDFC Life. We believe in using technology to innovate, build efficient processes and deliver superior services to our customers. SAP has helped us excel by driving cost-effective processes with optimum productivity. We are delighted to receive the SAP ACE Award in recognition of our pursuit of excellence in technology and hope to further better our edge towards the use of technology to boost business.”
“We congratulate the entire HDFC team for winning the award,” said Suprakash Chaudhuri, Managing Director, SAP India & Subcontinent “SAP ACE Awards recognize Indian enterprises that have achieved business excellence and delivered game-changing innovation and value to their business by partnering with SAP. It’s a common platform that brings together SAP customers in the country to share best practices and celebrate their success amongst peers”, he added
About HDFC Life
Established in 2000, HDFC Life is India’s leading long-term life insurance solutions provider offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings, Investment, and Health. The company also offers Women’s Plans to meet specific needs of women. Customers have the added advantage of customizing plans, by adding optional benefits called riders, at a nominal price. The company currently has 35 retail and 10 group products in its portfolio, along with 10 riders.
HDFC Life continues to have the widest reach with about 500 branches in India touching customers in over 900 cities and towns. The company has also established a liaison office in Dubai. The company has a strong presence in its existing markets with a strong base of Financial Consultants. HDFC Life is a joint venture between Housing Development Finance Corporation Limited (HDFC), India’s leading housing finance institution and Standard Life plc, the leading provider of financial services in the United Kingdom.