DLF Pramerica To Infuse INR1.5-2b Capital

For maintaining solvency margin and expanding its network

Private life insurance company, DLF Pramerica has announced that it would infuse capital of INR1.5 to INR2 billion within the next two years for maintaining solvency margin and expanding its network – reported Business Standard.

Maninder Sood, senior vice-president and head, Agency Sales, said: “We will pump in capital for solvency margin and expanding our operations in the country.”

DLF Pramerica, a joint venture between realty company DLF and Prudential International Insurance, is also looking to expand its network in the Indian states of Punjab, Haryana and Gujarat. In the next two years, the company also intends to open branches in other states like UP, Kerala and Tamil Nadu, as quoted in the magazine.