IndiaFirst Life Insurance

With a passion for serving customers, we believe the certainties far outweigh the uncertain and we’d like you to prepare for those moments. We’re happy you decided to get to know us better.

Headquartered in Mumbai, IndiaFirst Life Insurance Company Limited (IndiaFirst Life), with a paid-up share capital of INR 663 crore, is one of the country's youngest life insurance companies. Our key differentiators are our simple, easy-to-understand products that are fairly-priced and efficiently serviced.

ABOUT US

With a passion for serving customers, we believe the certainties far outweigh the uncertain and we’d like you to prepare for those moments. We’re happy you decided to get to know us better.

Headquartered in Mumbai, IndiaFirst Life Insurance Company Limited (IndiaFirst Life), with a paid-up share capital of INR 663 crore, is one of the country's youngest life insurance companies. Our key differentiators are our simple, easy-to-understand products that are fairly-priced and efficiently serviced.

We’re Built on the Foundation of Trust

At IndiaFirst Life, 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 23rd private sector entrant in the Life Insurance Industry, we sold our first policy to March 2021 to as of 31 March 2021, where our Individual NB APE stands at INR 894 Crores and IndiaFirst Life ranks 12th. We ended FY21 on a strong footing with INR 4,056 Crores of total premiums collected and AUM of INR 17,109 Crores. The company continues to be one of the fastest growing private insurance players in the industry with a 5-year-CAGR of 32% (individual new business APE) which is approximately 2.8 times that of the overall life insurance industry in India

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%.