DHFL PRAMERICA LIFE INSURANCE REPORTS Rs. 61.4 cr. PAT IN FY 2016-17

Gurgaon: DHFL Pramerica Life Insurance Co. Ltd. (DPLI) reported a robust growth of 21% in FY 2016-17 posting a profit after tax (PAT) of Rs. 61.4 cr. against Rs. 50.8 cr. in FY 2015-16.

Business performance - FY 2016-17

Collected New Business Premium (NBP) of Rs. 874 cr. in FY 2016-17 up from Rs. 727 cr. in FY 2015-16; 20% growth over FY 2015-16

Gross Written Premium (GWP) of Rs. 1142 cr. in FY 2016-17 up from Rs. 920 cr. in FY 2015-16, a growth of 24% over last year

AUM of Rs. 2707 cr. in FY 2016-17 up from Rs. 2072 cr. in FY 2015-16; growth of 31%

Commenting on the Company’s performance, Mr. Anoop Pabby, Managing Director & CEO, DHFL Pramerica Life Insurance said, “During the year, DPLI has delivered a strong performance across all metrics of quality, customer centricity,growth and profitability. The results are a reflection of our commitment towards building a customer centric culture, a sharply segmented approach to distribution, investments in Digitization & Technology and launch of innovative & relevant products. These initiatives have enhanced customer experience & have helped us remain a significant player in the Industry .”

“In FY 2017-18, we will continue the emphasis on enhancing quality of advice in the quest to become the most preferred life insurance partner for our customers and partners.” Mr. Pabby added.

The Company currently protects over 12 million lives and now has 102 branch offices across India. It has 28 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.

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

About DHFL

DHFL was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access for Indians to own a home of their own. Today, led by Mr. Kapil Wadhawan, CMD, DHFL, the company is CARE Triple A rated and reckoned as one of India’s leading financial institutions with a large presence across the country, in addition to representative offices in Dubai and London.

Throughout its years of growth, DHFL has stayed true to its core vision of financial inclusion, especially to the low and middle income customers across India. 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 a respected and trusted financial services company in India with a concerted focus towards enabling home ownership to the low and middle income customer. For further information, please visit www.dhfl.com.

About PFI

PFI, a financial services leader with over ,1 trillion of assets under management as of February 17, 2017, has operations in the United States, Asia, Europe and Latin America. Prudential’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. Prudential International Insurance Holdings & Prudential Financial Inc. of the United States are not affiliated with Prudential Plc, a Company incorporated in the United Kingdom. In the U.S., PFI’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.pramericafinancial.com.

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