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IndiaFirst Life, the 23rd 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 (44% stake) and Union Bank of India (30% 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 percent 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.
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.
Overview
Location
India
Employees
1001-5000
Phone
1800 209 8700
Founded date
2009
Investors 1
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Mentions in press and media 12
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| Dec 29, 2025 | Samsung Life, BNP, Norwest, Prudential Plc eye stake in IndiaFirst Life Insurance | |
| Feb 1, 2025 | “Deemed dividend” clause exemption to encourage setting up of Global Treasury Centres in GIFT City: IFSCA on Union Budget | Indian and foreign corporates will be encouraged to set up large treasury operations in GIFT IFSC in Gujarat, after the Union Budget on Saturday proposed to exempt the “deemed dividend” clause impacting the Global Treasury Centres, said Int... |
| Nov 5, 2024 | Bank of Baroda's Ambitious Expansion Amidst Financial Challenges | In the ever-evolving landscape of Indian banking, Bank of Baroda (BoB) stands at a crossroads. With a bold plan to double its business to ₹48 lakh crore in five years, the bank is not just aiming for growth; it’s strategizing for survival. ... |
| Oct 30, 2024 | BoB to open 600 branches, strengthen ‘RAM’ loan focus: Chief Chand | As part of its plan to double its business (deposits + advances) to ₹48 lakh crore in five years, Bank of Baroda (BoB) aims to add 600 branches in the next two to three years even as it seeks to further increase the “RAM” (retail, agricultu... |
| Oct 10, 2024 | Spotlight: Can Warburg-backed insurer IndiaFirst pick up pace after deferring IPO plan? | Premium Rushabh Gandhi, MD & CEO, IndiaFirst Life Insurance IndiaFirst Life Insurance Company Ltd, which let regulatory approval to float an initial public offering lapse earlier this year, recorded higher earnings and new business prem... |
| May 18, 2024 | IndiaFirst Life to elevate Deputy CEO Rushabh Gandhi as MD; CEO Vishakha to retire | The board of IndiaFirst Life Insurance has approved the appointment of Deputy CEO Rushabh Gandhi as the Managing Director (MD) and CEO, following the current MD and CEO R M Vishakha, who will retire on June 30, 2024. “Her (Vishakha’s) resul... |
| Apr 5, 2024 | “We need to have far more flexibility in our structures,” RM Vishakha, MD & CEO IndiaFirst Life Insurance | Q How do you rate the growth of the Indian insurance industry? The insurance industry is undergoing a robust growth phase now. There is still immense potential in industry to further the positive trends in the growth of Gross Domestic Produ... |
| Jun 8, 2015 | IndiaFirst Life Insurance Launches Cash Back Plan | Mumbai, Maharashtra, India Payouts from 3rd year to help meet financial goals Guaranteed additions on investment Tax benefits for policyholder, security for next of kin Catering to the need for secure, regular payouts to meet mid to long te... |
| Mar 2, 2015 | Ms. R. M. Vishakha Takes Over as the MD and CEO of IndiaFirst Life Insurance | New Delhi, Delhi, India Senior BFSI professional Ms. R. M. Vishakha will take over as the new Managing Director and CEO at IndiaFirst Life Insurance Company tomorrow. Ms. Vishakha has a very successful track record of over 25 years in the f... |
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FAQ about IndiaFirst Life
When was IndiaFirst Life founded?
IndiaFirst Life was founded in 2009.
What has the press written about IndiaFirst Life?
Parsers VC has collected 12 articles mentioning IndiaFirst Life, among them “Samsung Life, BNP, Norwest, Prudential Plc eye stake in IndiaFirst Life Insurance” (Dec 29, 2025) and ““Deemed dividend” clause exemption to encourage setting up of Global Treasury Centres in GIFT City: IFSCA on Union Budget” (Feb 1, 2025).
Is IndiaFirst Life still active?
Yes, IndiaFirst Life is active; its latest activity on Parsers VC dates from Jul 24, 2026.