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Headquartered in Mumbai, IndiaFirst may be a life assurance company promoted by two large public sector banks - Bank of Baroda and Andhra Bank along side Legal & General, the UK's leading risk, wealth, and investment trust . Bank of Baroda holds a 44% stake within the company, while Andhra Bank and Legal & General have 30% and 26% stakes respectively.Currently, IndiaFirst is serving in over 1000 cities and towns across the state through quite 6000 partner bank branches. Thus far it's insured quite 2.7 million lives.
Headed by Ms. R.M Vishakha, IndiaFirst life assurance Company works on the principle of Bancassurance (bank insurance model) and thus, it's using an existing base of promoter banks.Incorporated in November 2009, the merchandise range of IndiaFirst life assurance covers typical needs of health, insurance , savings, and wealth. it's also offering a good gamut of insurance products starting from credit life, term to employee liability (gratuity) plans.
Life insurance may be a vital aspect of monetary planning that must be carefully chosen. Hence, IndiaFirst offers easy to grasp life assurance plans which may be customized to satisfy needs at different life stages.
