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October 08, 2015 8:25 PM 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

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.

DHFL Pramerica Seeks Acquisitions

DHFL Pramerica Life Insurance Company Ltd. is looking for acquisitions. DHFL Pramerica actively seeks inorganic growth and is open to picking up “strategic stake” in small banks and NBFCs, said Anoop Pabby, Managing Director and Chief Executive Officer of DHFL Pramerica. “Organic build up in insurance is slow. So if any NBFC or small bank is looking for growth capital, we will be open to picking a strategic stake in them to expand our distribution and footprint”, Anoop Pabby told Business Line.

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