February 19, 2017 11:50 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: 48
Compensation as of Fiscal Year 2016.

DHFL Pramerica Life Insurance Company Ltd. Key Developments

DHFL Pramerica Life Insurance Reports Earning Results for the Third Quarter Ended December 31, 2016

DHFL Pramerica Life Insurance reported earning results for the third quarter ended December 31, 2016. For the quarter, the company reported a net profit of INR 154 million. This represents a 24% increase over the net profit of INR 12.4 million recorded in the same quarter in previous fiscal.

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.

Recent Private Companies Transactions

October 25, 2016

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact DHFL Pramerica Life Insurance Company Ltd., please visit www.dhflpramerica.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.