DLF Pramerica Life InsuranceIndia
DLF Pramerica Life Insurance Company Ltd. is a joint venture company formed between the DLF Limited and Prudential International Insurance Holdings Ltd. PIIH is a fully owned subsidiary of Prudential Financial, Inc. DLF Limited is the largest and most respected organizations in the real estate sector in India. It has been in the business for over six decades and maintains a track record of sustained growth, customer satisfaction and innovation. In September 2006, DLF Limited was nominated as the "Superbrands of India" in the consumer validated category. On the other hand, Prudential Financial Inc. is a U.S. based financial service leader with its headquarters based in Newark, New Jersey. It possessed approximately $638 billion of assets under management as of June 30, 2008, with operations in the United States, Asia, Europe and Latin America. As per the terms of the agreement, DLF holds 74% of the stake and PFI holds 26% of the stake from the joint venture. The company started with a paid up capital of Rs.100 crore, including Rs.26 crore coming from the Prudential.
DLF Pramerica has plans to scale up investment to about Rs.1,000 crore over the next 10 years or so. The combination of these two big giants, DLF and PFI's extensive expertise in the insurance sector provides a strong foundation for DLF Pramerica to succeed in the magnificently growing Indian life insurance market. DLF Pramerica commits to quality, trust and customer sensitivity. It has a vision to deliver the promises with agility. It has an objective to provide financial services to the consumers with the quality customer service. The company offers a broad range of insurance products both for Individuals, families and groups with options of wealth accumulations.