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November 28, 2015 8:20 AM ET


Company Overview of DHFL Pramerica Life Insurance Company Ltd.

Company Overview

DHFL Pramerica Life Insurance Company Ltd. provides life insurance products and services in India. The company offers protection plans, including a decreasing benefit term insurance plan; a monthly benefit term insurance plan; and a term life insurance plan for the financial security needed in case of unfortunate events, such as death or on the inability to earn due to physical disabilities. It also provides child progress plans, including a child protection cum savings plan; and a child benefit protection cum savings plan. In addition, the company offers savings plans, such as a participating endowment cum insurance plan, a whole life insurance cum savings plan, and a traditional endowment ...

4th Floor

Building 9, Tower-B

Cyber City


Gurgaon,  122002


Founded in 2008


91 12 4469 7000


91 12 4271 7070

Key Executives for DHFL Pramerica Life Insurance Company Ltd.

Head of Marketing and Senior Vice President
Head of Agency Sales and Senior Vice President
Age: 47
Compensation as of Fiscal Year 2015.

DHFL Pramerica Life Insurance Company Ltd. Key Developments

Prudential Financial Seeks To Acquire Stake In DHFL Pramerica

Prudential Financial, Inc. (NYSE:PRU) is “fairly close” to acquiring additional stake in DHFL Pramerica Life Insurance Company Ltd. to hike its shareholding to 49%, a top company official said. “There has been substantial progress in the talks. Prudential’s intent of moving from 26 to 49% or even 50% (if the law permits) was always strong. They are fairly close to it (completing the transaction),” Anoop Pabby, Managing Director and Chief Executive Officer of DHFL Pramerica, told BusinessLine. Both the shareholders have been in talks for over six months now.

DHFL Pramerica Seeks Acquisitions

DHFL Pramerica Life Insurance Company Ltd., encouraged by stronger financial performance, is now open to acquisitions for growth. "We are willing to look at inorganic growth so long as the proposal is agreeable to our two principal shareholders. The stronger financial position now can allow us to look at acquisitions for growth," Chief Executive Officer Anoop Pabby said.

PFI And DHFL Might Increase Stake In DHFL Pramerica

Chief Executive Officer Anoop Pabby confirmed that the two principal shareholders — Prudential Financial, Inc. (NYSE:PRU) and Dewan Housing Finance Corporation Limited (BSE:511072) are in talks after the increase in foreign investment limit under the Indian insurance law. Indications are that PFI may increase its holding in DHFL Pramerica Life Insurance Company Ltd. to 49%, the maximum foreign investment limit now permitted under the Indian law.

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