DHFL PRAMERICA LIFE INSURANCE INAUGRATES FIRST BRANCH IN COIMBATORE

Strengthens its presence in the Southern region

Gurgaon:DHFL Pramerica Life Insurance Co. Ltd. (DPLI) strengthened its presence in Southern region with the formal inauguration of its first branch office in Coimbatore, Tamil Nadu today. This is DPLI’s 2nd branch in Tamil Nadu and 6th in the Southern region of India. The DPLI branch was formally inaugurated in presence of Mr. D. Nandakumar, President - The Chamber of Commerce and Industry, Coimbatore.

The Coimbatore DPLI branch office is spread over 2150 sq. ft., located at Raheja Centre, 3rd floor, on Avinashi Main Road, adjacent to Hotel Residency. The branch will provide services such as financial need analysis to individuals and groups, policy buying, policy renewals, policy servicing, claims processing, and fund management.

Mr. Anoop Pabby, Managing Director and CEO, DHFL Pramerica Life Insurance said,“Coimbatore is one of the fastest growing tier-II cities in India and a major hub for multifaceted industries such as education, information technology, healthcare and manufacturing. We are delighted to inaugurate our first branch here as we see immense growth opportunities and is a significant market for the company. This (new) branch in the city is in line with our strategy of offering innovative, simple and hassle-free insurance products and services to our customers. The branch will add to the customer’s convenience and elevate us to an even better position to address the life insurance needs of the customers”.

Mr Pabby further added, “Since the inception, DPLI’s expansion strategy has been based on penetrating deep into one region and strengthening its presence there, rather than spreading thinly across the country”.

In addition to Coimbatore, DPLI is also present in Chennai, Bangalore, Hyderabad, Belgaum and Cochin. With the opening of the Coimbatore branch, DPLI now has 153 employees across the Southern region.

The Company currently protects over 8 mn lives and now has 79 branch offices, across India. It has 25 life 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.

The company’s corporate office is in Gurgaon, Haryana.

About DHFL Pramerica Life Insurance (DPLI)

DPLI is a joint venture between Dewan Housing Finance Corporation Ltd. (DHFL), India’s second largest private sector housing finance company 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. The life insurance joint venture agreement between the two partners was signed in July 2013.

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.

About DHFL

DHFL was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access to the lower and middle income segments in the semi-urban and rural areas of the country. Today, led by Mr. Kapil Wadhawan, CMD, DHFL is India’s second largest housing finance company in the private sector, with a large network presence across the country, in addition to representative offices in Dubai, UAE and London, UK.

All through its years of growth, DHFL has stayed with its core vision of financial inclusion. The Company’s wide network, coupled with insights into local customer needs has enabled the Company to provide meaningful financial access to customers even in India’s smallest towns. With a strong business foundation, an extensive distribution network, proven industry expertise and a deep understanding of the Indian customer, DHFL is one of India’s largest financial services companies. For further information, please visit www.dhfl.com.

About PFI

Pramerica* is a trade name used by Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States, and its affiliated companies in select countries outside the United States. PFI (NYSE: PRU), a financial services leader with more than ,1.218 trillion of assets under management as of 4th May 2016, has operations in the United States, Asia, Europe and Latin America. PFI’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., PFI’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, a company incorporated in the United Kingdom.

*Pramerica and the Rock Logo are proprietary service marks and may not be used without the permission of the owner.