Pramerica Life Insurance Awarded Great Place To Work Certification for Second Consecutive Year

Gurugram, 03 July 2024: Pramerica Life Insurance, one of the fastest growing life insurers in India, announced that it has been awarded the prestigious Great Place To Work® Certification™ for the second year in a row. This recognition highlights Pramerica Life’s commitment to fostering an inclusive, transparent, and supportive work environment, which has been instrumental in driving the company’s remarkable business growth and successful Pramerica Life 2.0 transformation journey.

Notably, Pramerica Life has demonstrated improvement across various metrics from 2023 to 2024, including fairness at the workplace, respect for people, and employee pride in their work. These advancements reflect the company’s on-going efforts to enhance employee satisfaction and engagement, reinforcing the company's position as a leading people centric organization in the life insurance space. 

Key Initiatives that have contributed to the company’s continued success:

• Employee Engagement: Regular pulse surveys and feedback sessions ensure that employees' voices are heard and acted upon, creating a responsive and dynamic workplace. To facilitate this, an employee engagement committee named SPARKLE has been created that plans and executes employee engagement to enhance psychological, physical, emotional wellbeing of the employees.
• Open Communication: Transparency remains a core value at Pramerica Life. Monthly town halls, an open-door policy and regular updates keep everyone informed and aligned with the company's goals. “Aap Ki Awaaz” is an initiative to regularly seek feedback from employees. This is a platform where employees are free to express their ideas and create an atmosphere of open dialogue.
• Talent Development: Comprehensive training programs, mentorship opportunities and career development workshops empower employees to achieve their full potential and advance in their careers. One of the initiatives at Pramerica Life is the Leading for Results (LFR) coaching program, that offers individualized sessions aimed at honing leadership skills, fostering continuous learning and providing actionable insights for driving impactful outcomes.
• Team Camaraderie: Team-building activities, social events and virtual meetups foster strong bonds among team members, promoting a supportive and collaborative work culture.
• Business Growth: Strategic initiatives and innovative approaches have driven substantial growth, positioning Pramerica Life as one of the fastest-growing companies in the industry

Speaking on the achievement Mr. Sharad K Sharma, Chief Human Resources & Ethics Officer, said “At Pramerica Life, empowering our employees is at the heart of everything we do. As we enter a new phase of growth, we remain steadfast in our commitment to provide our team with the autonomy to pursue their passions, fostering an environment where creativity and dedication thrive. Winning this Certificate for two years in a row with improved scores, affirms our continuous pursuit of excellence and our employees' dedication to our collective success.”

Pramerica Life continues to raise industry standards by placing its employees at the forefront of its operations. This recognition as a Great Place To Work not only underscores the company's exceptional workplace culture but also solidifies its reputation as an employer of choice for ambitious professionals seeking career advancement in a supportive and high-growth environment. 

About Pramerica Life Insurance Limited

Pramerica Life Insurance Limited is a joint venture between DIL, a wholly owned subsidiary of Piramal Capital and Housing Finance Limited and Prudential International Insurance Holdings, Ltd. (PIIH), a fully owned subsidiary of Prudential Financial, Inc. (PFI). Pramerica Life Insurance Limited represents the coming together of two renowned financial services organizations with a legacy of business excellence spread over decades. Pramerica Life Insurance Limited, 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. Pramerica is the brand name used in India and select countries by PFI. For more details, please visit: www.pramericalife.in

About Piramal Capital & Housing Finance Limited

Piramal Capital & Housing Finance Limited (referred as Piramal Finance), a wholly owned subsidiary of Piramal Enterprises Limited (flagship company of the Piramal Group), is a housing finance company engaged in retail and wholesale lending. In retail lending, Piramal Finance is one of the leading players that addresses the diverse financing needs of the under-served and unserved people of ‘Bharat’ market. It has over 1 million customers and a network of branches across 318 cities/towns in 27 states. It offers multiple products, including home loans, loan against property, used car loans, small business loans to Indian budget conscious customers at the periphery of metros and in Tier I, II and III cities. In wholesale lending, it caters to both real estate as well as non-real estate sector and offers multiple products including construction finance, structured debt and senior secured debt. For more information visit: piramalfinance.com

About Prudential Financial, Inc.

Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with approximately $1.4 trillion in assets under management as of December 31, 2022, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better by creating financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for nearly 150 years. For more information, please visit: news.prudential.com