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IndiaFirst Life Insurance Company is a joint venture between two of India's nationalized banks - Bank of Baroda (BOB) with 44 %, and Andhra Bank with 30% stake in the JV, and UK-based financial & investment solution provider Legal & General with remaining 26 per cent stake. Headquartered in Mumbai, IndiaFirst Life Insurance Company commenced its business operations in March 2010, one of the latest entrants in the sector with a paid-up share capital of INR 625 crore.
As on September 30th, 2015, the company has its presence in over 1000 cities pan India through 8500 partner bank branches. The company has secured10.3 million lives and has over INR 8,250 crore as Assets under Management.
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Monday, Oct 02, 2017 10:00 AM
IndiaFirst Life Insurance is eyeing to be among the top 10 insurers in terms of retail business premium over the next few years as it is the fastest growing company in the sector, a company official said.
Thursday, Jun 15, 2017 10:00 AM
The life insurance industry maintained growth in May, with private players saw the annual premium equivalent (APE) increasing 38% year-on- year.
Thursday, Jun 08, 2017 10:00 AM
Private sector life insurer, IndiaFirst Life Insurance today said it has settled claims amounting to Rs 161 crore and supported around 8,000 families under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) scheme so far.