DHFL Pramerica Life Insurance New Business Premium up by 36% over previous quarter to Rs 162.88 Crore for Quarter ending December 31st, 2014

Overall 3rd quarter's profit after tax stands at Rs 12.43 Cr for quarter ending 31st Dec, 2014 vis-à-vis a loss of Rs 24.79 Cr in the same period, last year

Gurgaon - DHFL Pramerica Life Insurance Co. Ltd (DPLI) announced its financial results for the quarter ending, December 31st, 2014. DPLI garnered Rs 162.88 Cr in New Business Premium in the third quarter of the current fiscal year, demonstrating robust growth of 464 per cent over the corresponding period of 2013.

The consolidated Profit After Tax (PAT) for the period ending December 31st, 2014 stood at Rs 23.68 Cr against a loss of Rs 77.61 Cr for the corresponding period of 2013.

Mr. Anoop Pabby, DPLI's Managing Director & CEO said, "DPLI continues to show robust growth and our Q3 results reinforce our position as a stable and profitable company.
We will continue to look for ways to add value to our customer's lives by strengthening our distribution, improving our service capabilities and offering differentiated product solutions to meet their life insurance needs. With our differentiated approach, we aim to become the most preferred life insurance partner for our customers and distributors."
The Company currently protects over 3 mn lives and has 69 branches across India.

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.

DHFL Pramerica Life Insurance, which was earlier known as DLF Pramerica Life Insurance started operations in India on September 01, 2008 and 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 details 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 of the society. Today, led by Mr. Kapil Wadhawan, CMD, DHFL, the Company is one of India's leading mortgage finance institutions with presence in over 450 locations across the country, in addition to representative offices in Dubai and London.

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 details, 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 ,1.1 trillion of assets under management as of March 31, 2014, 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