Pramerica Life Insurance is ushering in a new era with its refreshed identity, Pramerica 2.0. This evolution marks a significant milestone as the company renews its commitment to providing innovative, customer-centric life insurance solutions.

Pramerica Life has achieved remarkable year-on-year growth, with New Business Premium surging to ₹1,106 crore, reflecting a 58% increase. Their claims settlement ratio stands at an impressive 99.06% and their solvency margin at 272%. In the defense segment, Pramerica Life has insured over 2.5 lakh personnel, covering 1 in 6 defense lives.  The company offers 34 diverse products and operates 137 branches across India. With 58% year-on-year growth in New Business Premium (NBP) for FY24, Pramerica Life is one of the fastest-growing insurers among the top 20 private life insurance companies. This marks the second consecutive year of high growth, following a 129% increase in FY23. 

On the agency force front, Pramerica Life boasts a network of about 9,000 agents and plans to add around 1,000 to 2,000 incremental active agents in the current fiscal. 

In this regard, I would like to explore an interaction for Pankaj Gupta, Managing Director & CEO of Pramerica Life Insurance, to further discuss the insurance landscape in India and Pramerica’s pivotal role in shaping it. During the interaction, Pankaj can elaborate on the following:

• Transformative Growth Strategy for Pramerica 2.0
• Customer centric programs 
• Leading Market Share of over 50% in Defense Segment 
• Driving Expansion and Innovation in India’s Insurance Sector
• Future Plans and Strategic Goals