IndiaFirst Life Insurance

About company

Headquartered in Mumbai with a paid-up share capital of INR 754.37 crore, IndiaFirst Life Insurance Company Limited (IndiaFirst Life) is one of the fastest-growing private life insurers in India. Our key differentiators are our simple and easy-to-understand products that are optimally priced. IndiaFirst Life Insurance Company Ltd, a domestic subsidiary of Bank of Baroda. IndiaFirst Life Insurance came into existence in November 2009, as the 22nd entrant in the private Life Insurance Industry. As on 31 March 2025, it’s New Business Individual Retail Premium stood at INR 1,425 Crores & Total Premium stood at INR 7,218 Crores. Today, IndiaFirst Life Insurance services over 16 Mn customers spread across 90%+ of India’s pin codes. IndiaFirst has diverse workforce of ~4,600 PAN India. It also has robust network of ~22,000 Partner branches along with ~115 Third party distributors & Corporate agents covering every nook and corner of India. IndiaFirst Life Insurance has also built a strong network of ~1,880 agents which completes our Distribution ecosystem. Our initial shareholders were Bank of Baroda, Andhra Bank (now, Union Bank of India), and Legal & General Middle East Limited. In February 2019, Legal & General sold its stake to Carmel Point Investments India Private Limited, a private limited company incorporated under the laws of India and affiliate of the Warburg Pincus Group. In April 2020, Andhra Bank was amalgamated into The Union Bank of India. Our current shareholding pattern is as follows: Bank of Baroda – 65% Union Bank of India – 9% Carmel Point Investments India Private Limited – 26%