>> It is India’s first life insurance company to have opted for the next-generation database to accelerate its digital transformation ambitions
>> Enables better customer experience due to real-time data replication
>> Enhanced data security due to data encryption
New Delhi, May.., 2019: DHFL Pramerica Life Insurance, one of the youngest and a fast-growing life insurance company has teamed up with MongoDB ATLAS, which is the next-generation database used by the world's most sophisticated organizations, to accelerate its digital transformation ambitions. Most digital applications of DHFL Pramerica were already using MongoDB at backend, which have now been migrated to MongoDB ATLAS, which is a database service on cloud that enables focusing on Apps instead of Ops. With the click of a button, one can scale up and down whenever needed, with nearly no downtime, full security, and a superlative performance thereby offering enhanced customer experience.
Mr. Anoop Pabby, CEO and MD, DHFL Pramerica Life Insurance Co. Ltd. said, “A versatile database solution forms an important pillar in DHFL Pramerica Life Insurance’s digital transformation strategy. This allows us to deploy, manage, and optimize the performance of our database with reliability and speed.”
For DHFL Pramerica, MongoDB ATLAS will completely take care of Database Server Management for its database applications with a Guaranteed Up-time of 99.90%, and eliminates physical database servers, leading to significant cost benefit. It automates the operational tasks that usually burdens the user, freeing the digital teams to focus on what they do best – delivering great applications. MongoDB ATLAS is a fully managed and automated Database as a Service (DBaaS) platform, available on-demand through pay-as-you-go model and billed on hourly basis. ATLAS is very easy to set up, fast, secure and High Available (HA) solution for our increased workloads on the fly with optimized dashboards, real-time performance metrics, customized alerts etc. MongoDB ATLAS deployments are easily scalable on cloud (AWS, GCP & Azure).
Mr. Anshuman Verma, Chief Marketing and Digital Officer; said, “We were looking for a highly capable and customer focused database solution and MongoDB ATLAS passed our benchmarks for web and mobile applications. It satisfied us on both performance and scalability on cloud (AWS, GCP & Azure). It is very easy to set up, fast, secure and High Available (HA) solution for our increased workloads with optimized dashboards, real-time performance metrics and customized alerts.”
MongoDB ATLAS provides a slew of technological advantages:
>> Automated Patching and One-Click upgrade offloads operational tasks such as configuration, patching, provisioning and upgrades.
>> Automated Security Features are enabled by default (VPC Peering, data encryption using TLS/SSL & IP Whitelist).
>> High Performance Throughput and low latency for most demanding workloads.
>> Built-in replication creates Always-On Availability through multiple servers (minimum of 3 copies of data are replicated).
>> Continuous and consistent Back-Up & Point-In-Time recovery of data.
>> Fine-Grained Monitoring for a precise and instant visibility to the database and hardware metrics to stay ahead of any issues that could impact performance and user experience.
>> Automatic Sharding helps to scale up or out across a range of instance size with no down time.
About DHFL Pramerica Life Insurance
DHFL Pramerica Life Insurance 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 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.
DHFL Pramerica Life Insurance 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.pramericalife.in