Home / Business and Economy / Pramerica Life Insurance Achieves Triple-Digit Growth for Third Year
Pramerica Life Insurance Achieves Triple-Digit Growth for Third Year
1 Jun
Summary
- Pramerica Life Insurance reported 19% NBP growth and 29% APE growth in FY26.
- The company maintained a 99.29% claims paid ratio for the third consecutive year.
- Over 8,500 veterans have been employed, comprising 17% of the workforce.
Pramerica Life Insurance announced a third consecutive year of double-digit growth for the fiscal year ending March 31, 2026. The company achieved a 19% year-on-year increase in New Business Premium (NBP) and a 29% rise in Annualised Premium Equivalent (APE).
This financial success is complemented by a sound business quality, evidenced by a 99.29% claims paid ratio, which has steadily improved over three years. Pramerica Life also saw robust growth in its retail segment, expanding its network to serve diverse income levels effectively.
The company has made substantial contributions to defence personnel and veterans, covering over 8.7 crore lives and employing over 8,500 veterans. These ex-servicemen constitute nearly 17% of Pramerica Life's current workforce.
Pankaj Gupta, MD & CEO, highlighted the company's focus on steady progression, customer centricity, and responsible scaling. Pramerica Life aims to expand insurance access and deliver relevant solutions for modern India, fostering financial inclusion and community impact.
Internally, Pramerica Life is recognized for its inclusive culture, holding Great Place To Work certification for four years and being named among India's Best Workplaces for Women. This commitment to diversity and inclusion supports its mission to serve India meaningfully.
