IndiaFirst Life Insurance Company Limited is India’s youngest life insurance provider with a paid-up capital of Rs. 475 Crore. It is promoted by two of the largest public sector banks of India – Andhra Bank (30%) and Bank of Baroda (holding 44%) along with Legal & General (26%), the leading wealth and risk management and Investment Company of the United Kingdom. The company began operating in March, 2010 and inaugurated by the Hon’ble President of India, Shri Pranab Mukherjee (Finance Minister, at that time).
Its maiden profit for the first time was Rs. 6.9 Crore, in the financial year 2014-15. The company has its presence is more than 1000 locations all over the country via partner bank branches that exceeds Rs. 8500. IndiaFirst Life Insurance has been able to secure the lives of more than 7.9 Million customers and its asset under management is over Rs. 8000 Crore, as on 31st March, 2015. The products range of the company has a wide extent of coverage and designed for better financial protection in the time of need.