HDFC Life definition

HDFC Life has the meaning assigned to such a term in Clause 1.1.3;
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Examples of HDFC Life in a sentence

  • Accordingly HDFC Life Insurance Company Limited shall enforce the rules as and when the same are notified by the Authorities for this plan/such plans.

  • Accordingly HDFC Life Insurance Company Limited shall enforce the rules as and when the same are notified by the Authorities for this plan/such plan(s).

  • HDFC Life has recognized that the “Promoters” and “Promoter Group” of MFSL, namely the Persons set forth in Schedule 1 (“Relevant Persons”) have significant goodwill, knowledge, and expertise in the insurance sector, and hence, the ability to set up a successful competing business, either directly or indirectly, which would impair the commercial viability of the intended outcome of this Scheme.

  • The arrangement is reasonably restricted to only India and the United Arab Emirates, both being countries that are directly linked to the commercial activities of HDFC Life.

  • This arrangement does not restrict competition, is in line with previous decisions by the Competition Commission of India, and is, as a result of the sale of the goodwill of the Relevant Persons pertaining to and arising from the life insurance business of Max Life to HDFC Life in terms of this Scheme and the non-compete and non-solicit arrangement, recognized as a valid and enforceable agreement under Section 27 of the Indian ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇.

  • Post the demerger of the Life Insurance Undertaking into and with HDFC Life, MFSL would be left with certain residuary non insurance assets / businesses.

  • HDFC Life and Max Life shall submit a joint report (duly approved by their respective Board of Directors) to the IRDAI on the manner in which the interest of the Policyholders’ will be protected, as required under Regulation 4.1(f) of the IRDAI Merger Regulations.

  • All claims or liabilities (including tax claims) present or future pertaining to the Life Insurance Undertaking and Amalgamating Company 1 shall be to the account of and / or payable by HDFC Life.

  • Certain Intellectual Property Rights which do not form a part of the IPR of the Life Insurance Undertaking but are essential for smooth transition of the business carried on by the Life Insurance Undertaking from Max Life to HDFC Life, post effectiveness of this Scheme, are to be licensed to HDFC Life by Max India for a mutually agreed period.

  • HDFC Life, being a life insurance company, seeks to amalgamate only the Life Insurance Undertaking in terms of this Scheme.

Related to HDFC Life

  • Aquatic life means all fish, reptiles, amphibians, crayfish, mussels, mollusks, and crustaceans.

  • Economic Life means the period over which improvements to real property contribute to property value.

  • Sewage sludge weight means the weight of sewage sludge, in dry U.S. tons, including admixtures such as liming materials or bulking agents. Monitoring frequencies for sewage sludge parameters are based on the reported sludge weight generated in a calendar year (use the most recent calendar year data when the NPDES permit is up for renewal).

  • Hydraulic lift tank means a tank holding hydraulic fluid for a closed-loop mechanical system that uses compressed air or hydraulic fluid to operate lifts, elevators, and other similar devices.

  • Zero Emission Vehicle (ZEV) means a vehicle that produces no emissions from the on- board source of power (e.g., All-Electric or hydrogen fuel cell vehicles).