October 24, 2016 10:28 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: 48
Compensation as of Fiscal Year 2016.

DHFL Pramerica Life Insurance Company Ltd. Key Developments

DHFL To Sell Stake In Pramerica To Prudential

Dewan Housing Finance Corporation Limited (BSE:511072) (DHFL) intends to sell stake in DHFL Pramerica Life Insurance Company Ltd. to Prudential Financial, Inc. (NYSE:PRU). DHFL is in advanced talks to sell 23%. "We have discussion with Prudential Financial with regard to them increasing stake from current level of 26% to 49%. It is in the final stage," DHFL Chairman and Managing Director, Kapil Wadhawan, said. "Hopefully, final decision should be reached by March," he said. He also added that the final discussion on valuation and other issues are going on.

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.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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