HDFC ERGO General Insurance Company Limited is an Indian insurance company. It is a joint venture firm between HDFC and ERGO International AG. It is one of the insurance entities of the Munich Re Group in Germany operating in the insurance field under the BFSI sector.[2] 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..[3] ERGO became a 49% stakeholder in the Company in 2000.[4] In June 2019, HDFC announced plans to acquire a 51.2 percent stake in Apollo Munich Health Insurance