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Life Insurance 3224 views December 24, 2019
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IndiaFirst Life Insurance Company Limited is established on the foundation of ‘Trust’ and with a passion to offer the best-in-class insurance products to the customers. IndiaFirst Life believes it is better to be prepared for the uncertainties of life. IndiaFirst Life Insurance Company was established in 2009 with an aim to make insurance products accessible to every Indian household.
IndiaFirst Life Insurance review has been immensely positive as the company has found its position in the list of ‘Top 10 in Gross Business’ and amongst the ‘Top 12 in Retail Business’. Since its incorporation, the company has established a wide network of more than ‘10 Lakh’ happy retail customers. The company is successful in setting up a strong foothold in the minds of its customers as the total premiums collected by the end of FY 2019 is Rs 3200 Crores while the AUM has increased to Rs 15000 Crores.
The company has been formed by a successful joint venture between Bank of Baroda, Andhra Bank, and Carmel Point Investments India Private Limited. The shareholding pattern amongst the joint venture stands as follows: Bank of Baroda: 43.30%, Andhra Bank: 29.53% and Carmel Point Investment India Private Limited – 27.17%. During the initial formation of the company, Legal & General was the third partner in the joint venture. However, they sold their stakes to Carmel Point Investment India Private Limited in February 2019.
|Name of the Company||IndiaFirst Life Insurance Company Limited|
|Sector / Industry / Sub-Industry||Finance / Insurance / Life Insurance|
|Headquarters Address||301, B Wing, The Qube, Infinit Dindoshi, Film City Road Mumbai, 400097 India|
|Owners||Bank of Baroda, Andhra Bank, and Warburg Pincus LLC.|
|Key Person||Ms. R. M. Vishakha (MD & CEO)|
It is a well-known insurance provider in India offering the best-in-class insurance products. Apart from offering amazing products, the company has strong values and vision that make it one of the most preferred insurance partners in India. Let’s check these below.
The company is formed by a joint venture of leading banks in India and the Mauritian Company. The extensive footprint and experience of both the leading public-sector banks in India make it easier for IndiaFirst Life to reach its customers.
The strong virtual presence of IndiaFirst Life makes it easier for customers to access services online. The website allows them to make IndiaFirst life insurance online payment with a few clicks and at the convenience of their home. Being a technology-driven company, it offers a seamless policy servicing experience to its customers
The company offers products for every stage of life covering all the insurance needs of their customers. For example, the IndiaFirst life insurance child plan is one of the most recommended child plans to secure the child’s future.
The company is dedicated to the ‘Customer First’ principle. The IndiaFirst investment plans and customer service give them an edge over others.
Online Portal and Policy Servicing
Life Insurance and policy servicing go hand-in-hand as customers require to carry out certain activities on a perpetual basis. Having a strong online presence makes it easier for the customer to avail the policy servicing facilities at the comfort of their home. The online portal of IndiaFirst allows the customer to carry out various policy servicing activities like:
Thus, a strong online presence makes it easier for the company to reach its customers present at any corner of the world.
The company is focused on offering insurance products as per the insurance needs of their customers. IndiaFirst offers a comprehensive package of insurance policies suitable for every stage of life and for fulfilling every insurance need.
Understanding the importance of having financial protection and wealth creation, the renowned insurance company has curated individual insurance plans by keeping in mind the insurance needs (namely Financial Protection, Retirement Planning, Savings, and Wealth Creation needs) of its customers. The company also offers insurance products as per the risk profile of their customers i.e. insurance plans ranging from unit-linked plans to traditional plans. The following are various individual insurance plans offered by IndiaFirst Life Insurance.
Thus, the product catalogue is wide and comprises of insurance products for everyone. IndiaFirst Life insurance plans are the best plans that every individual must buy to balance their investment portfolio. IndiaFirst Life is known for designing and providing life insurance plans that offer comprehensive protection against the uncertainties of life and help in building wealth.
The performance of the IndiaFirst Life insurance unit-linked plans is amazing and it has been consistently providing good returns to its customers. Thus, with consistent good returns and amazing insurance products, IndiaFirst Life Insurance Company Limited has proved itself as the best insurance provider in India.
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