IndiaFirst Life

IndiaFirst Life

Insurance

Mumbai, Maharashtra 56,121 followers

We believe that the certainties in life will far outweigh the uncertain. So, plan for them.

About us

IndiaFirst Life, the 22nd entrant in the Indian life insurance industry, launched its operations in November 2009. IndiaFirst Life is promoted by two large public-sector banks, Bank of Baroda (65% stake) and Union Bank of India (9% stake). Their footprint and experience offered by these entities continue to fortify the value proposition it offers to all stakeholders. Carmel Point Investments India Private Limited incorporated by Carmel Point Investment Ltd, a body corporate incorporated under the laws of Mauritius and owned by private equity funds managed by Warburg Pincus LLC also holds 26% stake in IndiaFirst Life. Declaring its maiden profits in FY 2014-15, IndiaFirst Life is amongst few Life Insurance companies in India to break-even within five years since inception. IndiaFirst Life’s footprint today, extends to over 1000 cities and towns pan-India, through over 12,000 points of sale. IndiaFirst Life’s competitive advantage is its new-age intuitiveness that delivers value through state-of-the-art digitalisation initiatives across its complete value chain, that stems from the company’s “CustomerFirst” ideology.

Industry
Insurance
Company size
1,001-5,000 employees
Headquarters
Mumbai, Maharashtra
Type
Privately Held
Founded
2009
Specialties
Life Insurance, Health Insurance, Insuring Happy Families, and Spreading Smiles

Locations

  • Primary

    12th and 13th Floor, North [C] wing, Tower 4, Nesco IT Park,

    Nesco Center, Western Express Highway, Goregaon (East)

    Mumbai, Maharashtra 400063, IN

    Get directions

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Funding

IndiaFirst Life 1 total round

Last Round

Private equity

US$ 106.1M

See more info on crunchbase