HDFC's distribution network spans 396 outlets (including 109 offices of HDFC's distribution company HDFC Sales Private Limited) which cater to approx. The average assets under management (AUM) of HDFC Mutual Fund for the quarter Jul-13 to Sep-13 was INR 1.03 trillion. HDFC provides mutual fund services through its subsidiary HDFC Asset Management accountingy Limited. Property, marine, aviation and liability insurance in the corporate segment.Motor, health, travel, home and personal accident in the retail segment which accounts for 47% of its total business and.The company offers general insurance products such as: It had a market share of 4.6% of life insurance business in India as of 30 September 2013. It operates out of 451 offices across India serving over 965 locations. It uses the HDFC group network to cross sell by offering customized products. It offers 33 individual products and 8 group products. The company has been providing life insurance since the year 2000, through its subsidiary HDFC Standard Life Insurance company Limited. From the year 2000,the company started offering housing loans on the Internet becoming first company to do so. The average loan profile amounts to INR 2.18 million (US$35,160) which lasts for about 13 years and covers approx. INR 456,000 crores in 35 years of its existence for a total of 4.4 million housing units. In its Annual Report for financial year 2012–13, the company has disclosed that it has disbursed approx. It is one of the largest providers of housing loans in India. The type of loans offered by company include loans for purchase and construction of a residential units, purchase of land, home improvement loans, home extension loans, non-residential premise loans for professionals and loan against property and repayment options include step-up repayment facility and flexible loan instalment plan. The company provides housing finance to individuals and corporates for purchase/construction of residential houses. Currently it operates in India, Kuwait, Oman, Qatar, Saudi Arabia, Singapore, United Arab Emirates and United Kingdom. In the same year, IRDA granted registration to HDFC Standard Life Insurance, as the first private sector life insurance company in India. In 2000, HDFC Asset Management Company launched its mutual fund schemes. Hasmukhbhai Parekh played a key role in the foundation of this company which started with the main aim of solving the housing shortage in India and started rising steadily thereafter. HDFC was promoted by the Industrial Credit and Investment Corporation of India ( ICICI). It was founded in 1977 with the support from India's business community, as the first specialised mortgage company in India and main company among HDFC group of companies. It also has a presence in banking, life and general insurance, asset management, venture capital, realty, education, deposits and education loans. It is a major housing finance provider in India. Housing Development Finance Corporation Limited ( HDFC) is an Indian private development finance institution based in Mumbai.
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