Mumbai : As the Indian private life insurance industry enters into its 25th year and marches towards the shared vision of ‘Insurance for All by 2047’, HDFC Life and Northern Arc Capital have come together to forge a strategic partnership. This partnership would enable Northern Arc Capital to offer individual as well as group life insurance solutions by HDFC Life to its customers.

The synergy between Northern Arc’s grassroots penetration and HDFC Life’s strong and diversified product suite will provide comprehensive financial protection to underserved segments nationwide, empowering individuals and contributing to India’s financial resilience.

Northern Arc Capital has been focused on enabling financial inclusion since 2009, facilitating over ₹2.2 trillion in financing and impacting more than 124 million lives directly and through its originator and retail lending partners.

HDFC Life is one of the first private life insurers to get licence in the year 2000. In its 25th year of business, the Company has sustained its position among the leading life insurers through product innovation and a customer-focused approach. Its commitment to customers is reflected in its consistently high claim settlement ratio – 99.68%* in FY’25. Having secured more than 50 million lives across the country in FY’25, HDFC Life continues to educate individuals and create greater awareness on the importance of financial protection.

Speaking on the partnership, Ashish Mehrotra – MD & CEO, Northern Arc Capital said, “At Northern Arc, we’ve always believed that financial security begins with access and grows stronger with protection. Over the years, we’ve built a distribution network that spans 691 districts, working closely with over 350 originator partners. Through our 369 branches and 54 retail lending partners, we’ve served more than 2 million customers as of June 30, 2025. This partnership with HDFC Life allows us to deepen that impact by offering life insurance solutions that complement our credit offerings, helping households and businesses across the country build a more secure financial future. Together, we aim to strengthen the financial foundation of India, one family and enterprise at a time.”

Speaking on the partnership, Vibha Padalkar – MD & CEO, HDFC Life commented, “There is a need for financial security across a large section of our population. This partnership with Northern Arc Capital further adds value to our multi channel distribution strategy and enhances our geographical footprint by leveraging their extensive network and strong connections with over 200 plus Non-Banking Financial Companies (NBFCs) and Micro Finance Institutions (MFIs). This collaboration enables us to provide life insurance solutions across retail and credit life products throughout India. Through our simple and customisable products, tech-led platforms and superior levels of service, we aim to reach more individuals and groups looking to secure themselves and their loved ones, financially. We remain committed to the collective goal of ‘Insurance for All by 2047’. ” *Death claim settlement ratio for individual life policies