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Wednesday, January 28, 2015

DHFL Pramerica Life reports Q3 net profit at Rs. 23.68 cr

DHFL Pramerica Life Insurance reported its consolidated profit after tax for the quarter ending December at Rs. 23.68 crore.

The company had posted a loss of Rs. 77.61 crore for the corresponding period last year, it said in a statement.

The insurer garnered Rs. 162.88 crore in new business premium in the third quarter of the current fiscal.

“We will continue to look for ways to add value to our customers’ lives by strengthening our distribution, improving our service capabilities and offering differentiated product solutions.

“With our differentiated approach, we aim to become the most preferred life insurance partner for our customers and distributors,” DPLI Managing Director and CEO Anoop Pabby said.

The company currently insures over 3 million lives and has 69 branches across the country.

DPLI is a joint venture between Dewan Housing Finance Corporation (DHFL) and Prudential International Insurance Holdings (PIIH), a fully-owned subsidiary of Prudential Financial, a financial services leader headquartered in the U.S.

Source : Thehindubusinessline


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