Industry: Life Insurance
Founded: 16th November 2009
About IndiaFirst Life Insurance
At IndiaFirst Life Insurance, we come to work every day with the goal of making insurance easily available to every Indian household. From that momentous day in November 2009, when as the 22nd private sector entrant in the Life Insurance Industry, we sold our first policy; to as of 31 March 2020, where IndiaFirst Life ranks 12th in the private sector in Individual NB APE for FY 2020. We ended FY20 on a strong footing with INR 3,360 crore worth of total premiums collected and AUM of INR 14,723 crore
We’ve had Bank of Baroda, Andhra Bank (now, Union Bank of India) and Legal & General as our founding partners. After journeying with us through our years of growth, Legal & General sold its stake in February 2019 to Carmel Point Investments India Private Limited, a body corporate incorporated under the laws of Mauritius and owned by private equity funds managed by Warburg Pincus LLC, New York, United States. This is the first deal wherein a private equity fund has taken an interest in a life insurance company. In April 2020, Andhra Bank was amalgamated into The Union Bank of India. Our shareholding pattern as of today stands at: Bank of Baroda – 44%, Union Bank of India – 30% and Carmel Point Investments India Private Limited – 26%.
ndiaFirst Life Insurance Contact Details
Address: 12th and 13th Floor, North [C] wing,
Tower 4, Nesco IT Park, Nesco Center,
Western Express Highway, Goregaon (East), Mumbai – 400063
Website: https://www.indiafirstlife.com/
Phone Number: 1800 209 8700
Email: customer.first@indiafirstlife.com
