SaraWong at 15:20, 20 March 2026

2026-03-20T15:20:31Z

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{{Short description|HDFC ERGO}}
{{Multiple issues|
{{advert|date=October 2016}}
{{More footnotes|date=November 2019}}
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{{Use dmy dates|date=July 2018}}
{{Use Indian English|date=June 2013}}
{{Infobox company
| name = HDFC ERGO General Insurance Company Limited
| logo = HDFC ERGO Logo 2025.png
| logo_size = 200px
| type = [[Joint venture]]
| key_people = Anuj Tyagi ([[Managing director|MD]])
| industry = [[Financial services]]
| products = [[Insurance]] [[General insurance]] [[Health insurance]] [[Vehicle insurance]] [[Travel insurance]] [[Home insurance]] [[Accidental death and dismemberment insurance|Accidental insurance]] [[Commercial general liability insurance|Commercial Insurance]] Rural insurance
| location = [[Mumbai, Maharashtra]], India
| parent = [[HDFC Bank]] [[Ergo Group]]
| revenue = {{Increase}} {{INRConvert|8149|c}} (2022)<ref name=6-K>{{cite web|url=https://www.hdfcergo.com/docs/default-source/default-document-library/he---annual-report---2022---a4.pdf?sfvrsn=da477c0e_0|title=HDFC ERGO General Insurance Company Ltd. Financial Statements |website=hdfcergo.com}}</ref>
| operating_income = {{Increase}} {{INRConvert|474|c}} (2022)<ref name=6-K/>
| net_income = {{Increase}} {{INRConvert|500|c}} (2022)<ref name=6-K/>
| assets = {{Increase}} {{INRConvert|32118|c}} (2022)<ref name=6-K/>
| equity =
| num_employees = 8,976 (2022)<ref name=6-K/>
| website = {{url|https://www.hdfcergo.com/}}
}}

'''HDFC ERGO General Insurance Company Limited''' is an Indian [[insurance]] company. It is a [[joint venture]] firm between [[Housing Development Finance Corporation|HDFC]] and [[ERGO Group|ERGO International]] AG. It is one of the insurance entities of the [[Munich Re|Munich Re Group]] in Germany operating in the insurance field under the [[BFSI]] sector.<ref>{{Cite news |date=2023-07-25 |title=HDFC Ergo launches centre of excellence for AI |work=The Times of India |url=https://timesofindia.indiatimes.com/business/india-business/hdfc-ergo-launches-centre-of-excellence-for-ai/articleshow/102113289.cms?from=mdr |access-date=2023-08-21 |issn=0971-8257}}</ref> The company offers insurance products across segments including health, motor, travel, and property insurance. The Corporate sector includes products like liability, marine, and property insurance. Rural sector products include rainfall index insurance, Pradhan Mantri Fasal Bima Yojana, and cattle insurance policy.

== History ==

Housing Development Finance Corporation (HDFC) and ERGO International AG formed HDFC ERGO General Insurance Company Limited as a joint venture..<ref>{{Cite web |date=2023-06-20 |title=CCI approves HDFC's additional stake buy in HDFC ERGO General Insurance |url=https://www.thehindubusinessline.com/money-and-banking/cci-approves-hdfcs-additional-stake-buy-in-hdfc-ergo-general-insurance/article66990223.ece |access-date=2023-08-21 |website=BusinessLine |language=en}}</ref> ERGO became a 49% stakeholder in the Company in 2000.<ref>{{Cite news |date=2015-12-17 |title=Munich Re's Ergo to raise stake in joint venture with HDFC for Rs 1,122 crore |url=https://www.business-standard.com/article/reuters/munich-re-s-ergo-to-raise-stake-in-joint-venture-with-hdfc-for-169-mln-115121700914_1.html#:~:text=Munich%20Re%27s%20insurance,said%20on%20Thursday. |access-date=2025-07-10 |work=Business Standard}}</ref> In June 2019, HDFC announced plans to acquire a 51.2 percent stake in [[Apollo Hospitals|Apollo Munich Health Insurance]] and later merged it with its general insurance arm, HDFC ERGO.<ref name="HDFCE Ref2" />

In 2020, HDFC Ergo Health Insurance( earlier known as Apollo Munich Health Insurance)<ref name="HDFCE Ref2" /> merged with the company after the receipt of final approval from the [[Insurance Regulatory and Development Authority of India]] (IRDAI) making it the second-largest private insurer in the accident and [[health insurance]] business.<ref name="HDFCE Ref1">{{cite news |last1=Kaul |first1=Abhinav |title=HDFC Ergo Health, HDFC Ergo General merger: How will it impact customers? |url=https://www.livemint.com/money/personal-finance/hdfc-ergo-health-hdfc-ergo-general-merger-how-will-it-impact-customers-11605776679888.html |access-date=12 May 2021 |publisher=mint |date=19 November 2020 |language=en}}</ref> With this merger, the company's product suite expanded to over 50 in this segment.<ref name="HDFCE Ref2">{{cite news |title=Merger of HDFC ERGO Health Insurance with HDFC ERGO General Insurance complete |url=https://www.thehindubusinessline.com/money-and-banking/merger-of-hdfc-ergo-health-insurance-with-hdfc-ergo-general-insurance-complete/article33094174.ece |access-date=12 May 2021 |publisher=businessline |date=13 November 2020 |language=en}}</ref>

In May 2021, Housing Development Finance Corporation (HDFC), entered into a share purchase agreement for the sale of 44,12,000 equity shares of Rs. 10 each, representing 0.62% of the issued and paid-up share capital of HDFC ERGO, in accordance with the direction of Reserve Bank of India to reduce its shareholding in the latter to 50% or below, and subsequent to this HDFC ERGO would cease to be a subsidiary company of HDFC.<ref name="HDFCE Ref4">{{cite news |title=HDFC to divest 0.62% stakeholding in HDFC ERGO |url=https://www.business-standard.com/article/news-cm/hdfc-to-divest-0-62-stakeholding-in-hdfc-ergo-121051001024_1.html |access-date=13 May 2021 |publisher=Business Standard India |date=10 May 2021}}</ref>

== References ==
{{reflist|2}}

==External links==
* {{official}}

{{HDFC Group}}
{{Insurance in India}}

[[Category:Privately held companies of India]]
[[Category:Joint ventures]]
[[Category:Insurance companies of India]]
[[Category:Financial services companies based in Mumbai]]
[[Category:Companies with year of establishment missing]]
[[Category:Health insurance companies of India]]
[[Category:HDFC Group]]

HDFC ERGO General Insurance Company - Revision history

SaraWong at 15:20, 20 March 2026