Peerless Financial Products Distribution Ltd (PFPDL) is a 100% subsidiary of The Peerless General Finance & Investment Company Ltd.
Peerless Financial Products Distribution Ltd has its origin from Peerless Developers Limited (PDL) which has undergone change of name as Peerless Financial Products Distribution Ltd with fresh certificate of incorporation on 11th January 2014. Peerless Developers Limited had been is one of the early entrants in promoting and constructing large-scale housing projects in the city and suburbs. Its pioneering venture, Peerless Prantik at Sonarpur triggered the real estate boom in the southern fringe, contributing significantly to the appreciation of real estate land price and development in that area. In just two decades, Peerless Developers made its mark as one of the frontline realtors, growing on the strength of its quality construction, on-time completion and ensuring the best value for its clients. Its mission was to build homes, not for the elite only, but for everyone - affordable homes built on a strong foundation, bringing you closer to nature, to peace, happiness and to yourself.
Since 2006, PDL (now PFPDL) diversified into Financial Product Distribution business. Financial Products Distribution entails a distribution company having a tie-up with a financial product company (i.e. principal) to distribute its products within a specified geography against payment of commission. Banking on the PEERLESS's strength of a strong and reliable brand, spread across 25 states and 4 UT (primarily in district headquarters, which gives an access to the emerging market in the hinterland), connectivity across all branches, widespread business network and huge customer, Financial Product Distribution emerged as a very lucrative option for Peerless Developers Ltd. (now PFPDL), Considering the presence and business network of PDL, the IRDA, in May,2012, was pleased to grant PDL to convert to exclusive Insurance Products Distributor. Consequent to approval of IRDA, the name of the company changed to Peerless Financial Product Distribution Ltd in January, 2014. The company presently does not have any real estate development activities and is exclusively a Financial Product Distributor of its respective principals.
Currently, PFPDL is the Corporate Agent registered under Insurance Regulatory & Development Authority of India Act 2015 and it distributes life insurance, general insurance and health insurance products of Max Life Insurance co. Ltd, Birla Sun Life Insurance Co Ltd, IFFCO TOKIO General Insurance Company Limited & Cigna TTK Health insurance Co Ltd. It is also the Mutual Fund distributor of Peerless Funds Management Company Ltd. Reliance Mutual Fund, and other well known Asset Management companies in the country. Our Corporate Agent registration number - CA0056 as granted by IRDA. Our CIN No- U70109WB1987PLC042819 as granted by Ministry of Corporate Affairs, Government of India.
Peerless Financial Products Distribution Ltd complies with applicable laws. All the insurance products are solicited and procured through licensed employees as Specified Persons, certified by IRDA as per Insurance Act, 1938.