Gurgaon / Chennai – DHFL Pramerica Life Insurance has announced its Quarterly Results for the period ended December 31, 2017. The Company continues its profitable growth journey during the third quarter of FY2017-18 and posted a notable New Business Premium growth of 61% over the corresponding quarter last year. During the quarter, DPLI’s Profit After Tax (PAT) grew 78% to Rs 27.3 cr. over the corresponding quarter, last year.
Business Performance – Q3 FY2017-18
- New Business Premium of Rs 359 cr. against Rs 223 cr. in Q3 FY2016-17;a growth of 61%
- Profit of Rs 27.3 cr. (PAT) against Rs 15.4 cr. in Q3 FY2016-17; a growth of 78%
- Gross Written Premium (GWP) of Rs 457 cr., a 56% growth over Q3 FY2016-17
Commenting on the Company’s performance, Mr. Anoop Pabby,Managing Director and CEO, DHFL Pramerica Life Insurance said, “We are delighted with our business results this quarter. A growth of 78% in PAT & a 61% jump in the New Business Premium is a testimony of our sharply segmented distribution strategy amplified with our customer centric approach to provide relevant protection solutions in the market place. We digitized some of our key business processes to provide an agile & dynamic customer experience as well. We forged a partnership with Lakshmi Vilas Bank& Dhanlaxmi Bankfor distribution of DPLI’s innovative product offerings supported by seamless customer service experience. DPLI today protects over 20 Mn lives & has a Pan India footprint of 114 Branch offices.”
It has 32life insurance products and six riders in its products basket, fulfilling a gamut of life insurance needs from child’s future protection to retirement in its portfolio.
About DHFL Pramerica Life Insurance (DPLI)
DPLI is a joint venture between DHFL Investments Limited (DIL), a wholly-owned subsidiary of Dewan Housing Finance Corporation Ltd. (DHFL), one of India’s largest housing finance companies (the second largest in the private sector) and Prudential International Insurance Holdings, Ltd. (PIIH), a fully owned subsidiary of Prudential Financial, Inc. (PFI), a financial services leader headquartered in the U.S. DPLI represents the coming together of two renowned financial services organizations with a legacy of business excellence spread over decades.
DPLI has a pan India presence through multiple distribution channels which have been customized to address the specific insurance needs of diverse customer segments. The Company is committed to providing protection and quality financial advice to its customers. For further information on the Company, please visit www.dhflpramerica.com.