DHFL Pramerica Life Insurance Co. Ltd was known as DLF Pramerica Life Insurance when it started life insurance business in FY09. In FY14, DHFL took over DLF’s stake and the company was renamed as DHFL Pramerica Life Insurance. The insurer largely sells non-participating products as about 70% of the insurer’s portfolio is non-par plans. Non-par products guarantee the investment benefits upfront. Anoop Pabby, managing director and chief executive officer, DHFL Pramerica, in an interview to Mint Money talks about why they sell mainly non-par products, expectations from the bancassurance channel and changes that company has undergone when the shareholders changed from DLF Ltd to Deewan Housing Finance Ltd. Edited excerpts:
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