DHFL Pramerica Life Insurance today reported its consolidated profit after tax for the quarter ending December at Rs 23.68 crore.
The company had posted a loss of Rs 77.61 crore for the corresponding period last year, it said in a statement.
The insurer garnered Rs 162.88 crore in new business premium in the third quarter of the current fiscal.
“We will continue to look for ways to add value to our customers’ lives by strengthening our distribution, improving our service capabilities and offering differentiated product solutions.
“With our differentiated approach, we aim to become the most preferred life insurance partner for our customers and distributors,” DPLI Managing Director and CEO Anoop Pabby said.
The company currently insures over 3 million lives and has 69 branches across the country.
DPLI is a joint venture between Dewan Housing Finance Corporation (DHFL) and Prudential International Insurance Holdings (PIIH), a fully-owned subsidiary of Prudential Financial, a financial services leader headquartered in the U.S.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.