DLF Pramerica, AEGON get RE licence

The DLF Pramerica Life Insurance, a joint venture between the real estate major DLF and Prudential Financials, and AEGON Religare Life Insurance Company, which is a joint venture between AEGON and Religare have been given RE licence by the Insurance and Regulatory Development Authoiirity.

Written by Banking Bureau

July 1, 2008 22:17 IST

Now these companies will apply before the insurance regulatory body for product approval. Talking to FE, Kapil Mehta, CEO of the company, said that ?We are likely to launch our product by September?. The capital base of the company currently stands at Rs 110 crore and Prudential Financials holds 74% stake in the venture.

This article was first uploaded on July one, twenty eight, at seventeen minutes past ten in the night.