A little about HDFC Standard Life Insurance.
HDFC Standard Life Insurance is a new Indian life
insurance company that operates out of 52 locations. It
offers clients a range of insurance plans to meet their
savings, investment and protection needs. In the financial
year 2002-03, the company registered a year-on-year
growth of over 260%. It is also the first new life insurance
company to declare its third successive bonus for
participating policy holders.
The company's growing pains.
In order to survive in the insurance segment, HDFC had to
introduce new products. They wanted to launch a Unit
Linked Insurance Scheme in 2 months. They were looking
for a robust and integrated solution to support the new
product. HDFC was also facing numerous problems with
their current systems in terms of performance, reliability
and scalability. IBM was the right choice.
The IBM solution.
The financial community in India and all over the world
had opted for the IBM eServer iSeries. HDFC Standard
Life Insurance decided to do the same. The solution
recommended by IBM included an eServer iSeries model
810 Enterprise Edition for production and a Model 800
Standard for testing and development. Both the systems
currently run LifeAsia/400.
Details
Application
LifeAsia 400
O.S
i5
Platform
iSeries 810
The result - Life is secure.
With CSC LifeAsia and the iSeries, HDFC could complete
projects much ahead of their deadlines. They found the IBM
iSeries a highly integrated system that made
implementation faster and more efficient.
