DLF PRAMERICA LIFE GETS INDIAN GO-AHEAD

India’s insurance authorities have given the go-ahead to DLF Pramerica Life Insurance Company (DPLI) a joint venture between real estate developer, DLF, and US financial services giant Prudential Financial. The new life insurance operation is now expected to be launched in the third quarter of this year, its two backers said. DLF's Vice-Chairman, Rajiv Singh, explained: “DLF Pramerica Life Insurance will be guided by our principle of improving the value proposition to our customers. The combination of PFI and DLF in this joint venture provides a strong foundation for DPLI to make a difference in the life insurance industry.” The two companies are also working on creating a joint venture asset management company.