Dlf Pramerica Life Insurance Company Inaugurates A Branch Office In Ahmedabad.

Dec. 16, 2010 - PRLog -- Ahmedabad – DLF Pramerica Life Insurance Co. Ltd. (DPLI), a joint venture between DLF Limited (DLF), a leading real estate development company in India, 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., today inaugurated a new branch office in Ahmedabad, the business hub of Gujarat.

Spread over 5,800 sq. ft., the Ahmedabad office is centrally located at 101, 1st Floor, Shivalik 10, Opp. SBI Zonal Office, Ambawadi, and is headed by Mr. Manoj Nair, AVP & Regional Manager for Ahmedabad. The office has 80 employees and 118 Life Associates already on board.

Speaking on the occasion, Mr. Kapil Mehta, DPLI’s Managing Director and CEO said, “The opening of our new branch office in Ahmedabad is a very significant milestone for us. Not only does this extend our reach beyond Northern India where we currently have all our 27 offices, but it also establishes our presence in Gujarat, a region where we see immense potential for life insurance business and which we expect will be a key growth driver for us in the coming years”.

DPLI is expanding its presence in the country in a phased manner and its initial focus was on North India. It has now ventured into West India, starting with Gujarat.

“Rather than spreading ourselves thinly across the country, our expansion strategy is based on penetrating deep and strengthening our presence in one region before moving on to the next. This we believe is the only way we can address the life insurance needs of customers residing in Tier II and Tier III cities that continue to remain underserved. We already have an extensive branch network in North India in Delhi NCR, Haryana and Punjab. We now plan to strengthen our presence in Gujarat and will open offices in cities that offer viable business possibilities”, Mr. Mehta elaborated.

Speaking about DPLI’s value proposition for its customers, Mr. Maninder Sood, Senior Vice President - Head Agency Sales of DPLI, said “Our commitment towards offering innovative life insurance products, coupled with high quality insurance advice has been well appreciated by our customers. We hope we continue receiving a similar positive response from customers in Gujarat as well.”

Commenting on the life insurance industry, Mr. Mehta said, “2009 has been a year of significant transition for the industry. Customers have slowly begun to understand that the basic purpose of life insurance is protection - a view that our company strongly endorses. This mindset change is also very consistent with the manner in which developed insurance markets have evolved. Our company will continue to work towards educating Indian consumers on the critical need for protection to provide financial security in the case of any eventuality”.

DPLI started operations in India on September 01, 2008 and currently has a wide range of innovative insurance products in its portfolio, including pure protection, pension, child and unit-linked products. The Corporate Office is in Gurgaon, Haryana. For more information, please visit http://www.dlfpramericalife.com.

About DLF

DLF Limited (http://www.dlf.in) is one of the leading real estate companies in the world. It has a 62-year track record of sustained growth, customer satisfaction, and innovation.  DLF's primary business is development of residential, commercial and retail properties. DLF has a unique business model with earnings arising from development and rentals. As of September 30, 2009, the company has around 238 million sq. ft. of existing development and 432 million sq. ft. of developable area, of which 49 million sq. ft. is under construction. DLF has entered into several strategic alliances with global industry leaders. Also, it has recently forayed into the infrastructure, SEZ, financial services and hotel businesses.

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 , a financial services leader with approximately $667 billion of assets under management as of December 31, 2009, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, PFI is focused on helping individual and institutional customers grow and protect their wealth. In the U.S., the company’s Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. PFI's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services.

Contact Us :
DLF Pramerica Life Insurance Company Limited.
http://www.dlfpramericalife.com
101, 1st Fooor, Shivalik 10
Opp SBI Zonal Office, Ambawadi
Ahmedabad, Gujarat -38006

# # #

DLF Pramerica Life Insurance Company Limited is a joint venture between DLF Limited, one of India’s largest and most respected real estate organizations, and Prudential International Insurance Hold.