DLF Pramerica Life plan to launch by year end

DLF Pramerica Life Insurance Co Ltd (DPLI) today said it plans to launch its life insurance business and commence sales by this year-end. The company plans to commence life insurance business in the third-quarter of this year. "We are delighted that DLF Pramerica Life Insurance has achieved this important milestone in the process of launching its business in India," DLF Vice Chairman Rajiv Singh said. The company would begin its operation with a paid-up capital of Rs 110 crore. Of the total paid-up capital, DLF would contribute 74 per cent and remaining would come from its foreign partner Prudential Financial. Our products will focus on long term protection and will be a mix of traditional policies and Ulips.