Latest news with #PramericaLifeInsurance
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Business Standard
17-07-2025
- Business
- Business Standard
See valuation challenge if earnings growth stays tepid: Pramerica Life CIO
Market outlook: In an email interview, Abhishek Das, chief investment officer, Pramerica Life Insurance said that Nifty earnings are projected to grow 7-8 per cent for the year premium Sirali Gupta Mumbai Listen to This Article Nifty earnings are projected to grow 7–8 per cent for the year, says ABHISHEK DAS, chief investment officer, Pramerica Life Insurance in an email interview with Sirali Gupta. Das believes debt could be a diversification option. Edited excerpts: Can markets sustain their rally in H2-2025? What are the key downside risks? Indian markets may remain volatile in H2-CY25 due to global uncertainties and tariff-related risks. While strong domestic indicators— 7.4 per cent Q4 GDP (gross domestic product) growth, easing inflation, and Reserve Bank of India's (RBI's) liquidity support—are positives, external shocks due to global trade policies as well as geopolitical turmoil
The Wire
27-06-2025
- Business
- The Wire
Pramerica Life Insurance Achieves 99.18% Individual Claims Paid Ratio in FY25, Demonstrates Continued Focus on Customer-Centric Service
Gurugram, 26 June 2025: Pramerica Life Insurance, one of India's fastest growing life insurers, has reported a robust 99.18% individual claims paid ratio for FY24-25, reinforcing its commitment to prompt and empathetic service at life's most critical moments. This milestone builds on a consistently upward trend in claims performance over the past three years - 98% in FY22, 99% in FY23, 99.06% in FY24, and now 99.18% in FY25 - reflecting the company's focus on customer-first delivery. During the financial year, the company settled 722 individual death claims, paying out ₹34 crore towards death benefits. Maintaining an average turnaround time of just 3 days (72 hours) from the receipt of final documents, Pramerica Life has demonstrated that operational excellence and human empathy can go hand in hand. Speaking on this, Pankaj Gupta, MD and CEO, Pramerica Life Insurance said, 'At Pramerica Life Insurance, our growth journey has always been anchored in delivering meaningful value to our customers - and nothing defines that more than a claim settled with care and speed. Our 99.18% claims paid ratio is not just a performance metric, it's a reflection of the trust we've earned and our commitment to stand by families in their most difficult moments. As we scale and grow, this commitment to compassion, integrity and service excellence remains at the heart of our brand purpose.' This performance is supported by a range of customer-focused initiatives aimed at making the claims experience smoother and more transparent: • Dedicated Claims Relationship Officers are assigned to each claim, ensuring handholding through the process. • A centralised Claims Helpdesk via phone and email handles queries from both claimants and distributors. • Tele-investigations have been introduced to speed up verification and reduce delays. • Use of digital tools like QR code scanning, online checks, and integrations with CIBIL and IIB enhances the accuracy and speed of processing. • All payouts are made via direct bank transfer, ensuring timely and secure disbursement. In times of crisis - including natural calamities, terrorist incidents, or pandemics - Pramerica Life takes proactive measures by identifying affected policyholders and settling claims on priority. Special Claim Help Desks are activated in such scenarios and details are disseminated via press notes, the company website, and social media for easy access. Further reinforcing commitment, the company has 'Pratigya Kavach', a dedicated initiative for defence personnel to ensure claim settlement within 3 days, offering additional assurance and peace of mind to the segment and their families. With this strong performance and a growing suite of customer-centric initiatives, Pramerica Life Insurance continues to strengthen its position as a trusted life insurance partner, one that delivers on its promises and supports families when they need it most. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.).
Business Standard
26-06-2025
- Business
- Business Standard
Pramerica Life Insurance Achieves 99.18% Individual Claims Paid Ratio in FY25, Demonstrates Continued Focus on Customer-Centric Service
VMPL Gurugram (Haryana) [India], June 26: Pramerica Life Insurance, one of India's fastest growing life insurers, has reported a robust 99.18% individual claims paid ratio for FY24-25, reinforcing its commitment to prompt and empathetic service at life's most critical moments. This milestone builds on a consistently upward trend in claims performance over the past three years - 98% in FY22, 99% in FY23, 99.06% in FY24, and now 99.18% in FY25 - reflecting the company's focus on customer-first delivery. During the financial year, the company settled 722 individual death claims, paying out ₹34 crore towards death benefits. Maintaining an average turnaround time of just 3 days (72 hours) from the receipt of final documents, Pramerica Life has demonstrated that operational excellence and human empathy can go hand in hand. Speaking on this, Pankaj Gupta, MD and CEO, Pramerica Life Insurance said, "At Pramerica Life Insurance, our growth journey has always been anchored in delivering meaningful value to our customers - and nothing defines that more than a claim settled with care and speed. Our 99.18% claims paid ratio is not just a performance metric, it's a reflection of the trust we've earned and our commitment to stand by families in their most difficult moments. As we scale and grow, this commitment to compassion, integrity and service excellence remains at the heart of our brand purpose." This performance is supported by a range of customer-focused initiatives aimed at making the claims experience smoother and more transparent: - Dedicated Claims Relationship Officers are assigned to each claim, ensuring handholding through the process. - A centralised Claims Helpdesk via phone and email handles queries from both claimants and distributors. -Tele-investigations have been introduced to speed up verification and reduce delays. - Use of digital tools like QR code scanning, online checks, and integrations with CIBIL and IIB enhances the accuracy and speed of processing. - All payouts are made via direct bank transfer, ensuring timely and secure disbursement. In times of crisis - including natural calamities, terrorist incidents, or pandemics - Pramerica Life takes proactive measures by identifying affected policyholders and settling claims on priority. Special Claim Help Desks are activated in such scenarios and details are disseminated via press notes, the company website, and social media for easy access. Further reinforcing commitment, the company has 'Pratigya Kavach', a dedicated initiative for defence personnel to ensure claim settlement within 3 days, offering additional assurance and peace of mind to the segment and their families. With this strong performance and a growing suite of customer-centric initiatives, Pramerica Life Insurance continues to strengthen its position as a trusted life insurance partner, one that delivers on its promises and supports families when they need it most.
Business Standard
12-06-2025
- Business
- Business Standard
Pramerica Life Insurance Recognised as a Great Place to Work® for the Third Consecutive Year
VMPL Gurugram (Haryana) [India], June 12: Pramerica Life Insurance, one of the fastest growing life insurers in India has been certified as a Great Place to Work® for the third consecutive year, reaffirming its commitment to building a workplace rooted in trust, and excellence. This year, the company has also earned a spot among the Top 50 Best Workplaces in India within the BFSI sector, a prestigious recognition that highlights its continued investment in people first practices and workplace culture. The company's GPTW Trust Index Score has consistently improved, rising to 90 in 2025, up from 88 in 2024 and 83 in 2023, indicating a steady upward trend in employee satisfaction and trust. Speaking on the achievement, Pankaj Gupta, MD & CEO, Pramerica Life Insurance, said "Our growth story is powered by our people. This recognition reinforces what we've always believed - that a thriving workplace culture is a powerful enabler of long-term business performance. Our people are our biggest differentiator, and by fostering a purpose-driven, inclusive environment, we not only enhance employee engagement but also deliver stronger outcomes for our customers and stakeholders. At Pramerica Life, culture and business go hand in hand - and we're proud to see this alignment consistently recognised." At the heart of Pramerica Life's success is its unwavering focus on its people. The company has embedded people first policies that place employee needs and aspirations at the forefront of decision-making. The organisation has fostered transparent communication channels, encouraging openness, collaboration, and mutual respect across all levels. Pramerica Life places well-being at the core of its employee engagement strategy. The company actively supports the mental, emotional, and physical health of its people through various initiatives that promote a balanced lifestyle and provide access to essential resources and support systems. Through robust learning and development opportunities, the company enables its employees to continuously upskill and stay ahead in a fast-evolving industry landscape. Finally, Pramerica Life has cultivated a growth mindset culture that champions innovation, agility, and shared success. Employees are encouraged to take initiative, experiment, and collaborate to drive positive outcomes--making the workplace dynamic, forward-looking, and rewarding. Commenting on the recognition, Sharad K Sharma, CHRO, Pramerica Life Insurance, said "The steady rise in our Trust Index Score tells a powerful story - one of intentional effort and tangible impact. It reflects our ongoing commitment to creating an environment where every individual feels truly valued, actively engaged and fully supported to bring their best selves to work. Building such a culture is not a one-time achievement but a continuous journey and we take pride in fostering a workplace where trust and collaboration drive organisational success." Pramerica Life continues to raise industry standards by placing its employees at the forefront of its operations. Being recognised as a Great Place to Work highlights the company's exceptional workplace culture and solidifies its reputation as an employer of choice for ambitious professionals seeking career advancement in a supportive and high-growth environment. (ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)
The Wire
12-06-2025
- Business
- The Wire
Pramerica Life Insurance Recognised as a Great Place to Work® for the Third Consecutive Year
Gurugram, 12 June 2025 – Pramerica Life Insurance, one of the fastest growing life insurers in India has been certified as a Great Place to Work® for the third consecutive year, reaffirming its commitment to building a workplace rooted in trust, and excellence. This year, the company has also earned a spot among the Top … Continue reading "Pramerica Life Insurance Recognised as a Great Place to Work® for the Third Consecutive Year"
