Indiafirst Life Insurance

"On September 16, Moneycontrol was the first to report that Warburg Pincus had kickstarted the process to explore an exit from IndiaFirst Life Insurance"

Warburg Pincus eyeing exit from IndiaFirst Life Insurance post 2018 bet

Investment bank Barclays has been roped in as an advisor to find a buyer for the PE major’s 26 per cent stake

Bank of Baroda plans to scale up all subsidiaries before listing, says MD and CEO

Bank of Baroda holds 64.98 percent stake in the IndiaFirst Life Insurance and has a shareholding of over 98 percent in Nainital Bank.

MC Interview | Resolution of large NCLT accounts boosts recoveries in Q2: BoB chief Debadatta Chand

Bank of Baroda is not looking to sell any foreign operations after the sale of Oman business, Chand said.

Bank of Baroda to focus on IndiaFirst Life Insurance, Nainital Bank for divestment

Stake sale plans for BOB Cards seem have been put on hold

Bank of Baroda-backed IndiaFirst Life Insurance files draft papers to raise funds via IPO

According to merchant banking sources, the IPO size could be between Rs 2,000 crore and Rs 2,500 crore.

CCI clears Bank of Baroda's additional stake buy in IndiaFirst Life Insurance

The transaction involves the Bank's acquisition of 21 per cent shareholding of IndiaFirst Life Insurance Company Ltd (IFLIC) from Union Bank of India.

This fund manager is an equal money manager at her home

Poonam Tandon, Chief Investment Officer - IndiaFirst Life Insurance Co. Ltd, has fought perceptions all her life. Like at a time in the early 2000s when she thought that gold prices had bottomed out. But being a woman, her views were seen as biased and discounted. She proved them wrong.

In 2015, we did Rs 130 crore, and today we do Rs 100 crore individual new biz every month: IndiaFirst Life CEO

The life insurance industry is poised to clock double digit growth, says IndiaFirst Life Insurance MD & CEO RM Vishakha, expressing confidence in the industry’s prospects after the Covid setback.

Union Bank plans to lower stake in IndiaFirst Life to less than 10%

As per guidelines of the Insurance Regulatory and Development Authority of India (IRDAI), one promoter cannot hold more than 10 per cent stake in two insurance ventures.

Warburg may acquire an additional 20.5% stake in IndiaFirst from Andhra Bank

The sale is expected to bring in Rs 700 crore for state-run lender Andhra Bank

IndiaFirst Life Insurance net rises 20% to Rs 62 crore in FY19; total premium crosses Rs 3,200 crore

IndiaFirst said it has crossed Rs 3,200 crore of total premium during the financial year ended March 2019.

Warburg Pincus concludes 26% stake purchase in IndiaFirst Life

The deal got fructified after getting requisite approvals from Insurance Regulatory and Development Authority of India, along with other regulatory agreements, an official statement said.

IndiaFirst Life Insurance buys 9% stake in CSC e-Governance Services

"The stated objective of IndiaFirst Life is to reach out to the masses and underserved customers with simple, easily accessed risk management solutions," IndiaFirst Life MD and CEO RM Vishakha said.

IndiaFirst Life FY18 net up 46% at Rs 51 cr

This is the fourth consecutive year of declaring profits for the company, since inception in 2009, it said in a release.

IndiaFirst Life Insurance sees 43% jump in APE over last year

The company recorded total new business APE of Rs 664 crore for the year from Rs 528 crore a year ago, hence witnessing Y-o-Y growth of 26 percent.

IndiaFirst Life aims to be among top 10 insurers in few years

The industry is growing at 26 percent and IndiaFirst is confident of delivering a better than industry growth over the next couple of years, an official said

Why customer's perspective should come first for financial products

It is the customer who is the best judge of options that optimally fit their investment objectives.

Your Facebook account may be key to insurance policy discounts

Life insurance companies are in early stages of discussions to see if access to one‘s social media profile could be an enabler to offer better rates of premium for a policy.

IndiaFirst eyes to collect Rs 2-K crore premium by March end

IndiaFirst Life Insurance is looking at achieving overall premium of Rs 2,000 crore by March-end from Rs 1,750 crore at present, a top company official said here.

IndiaFirst Life hopes to double profits in FY17: Chief

The insurer, which is a joint venture between Bank of Baroda, Andhra Bank and UK`s Legal & General group, has a large chunk of business coming in from the bank channels of distribution.

Insurance claims can still be rejected after 3 years for fraud

After several rounds of discussion with the regulator where life insurers opposed this move, they have to come to an understanding that fraudulent claims will not be passed

IndiaFirst Life expects 30% rise in premium in FY17

IndiaFirst Life Insurance, the joint venture of Bank of Baroda, Andhra Bank and Legal & General, aims to achieve assets under management (AUM) target of Rs 10,000 crore in the current fiscal.

IndiaFirst Life eyeing 30% growth in retail business

The target is lower than 38 percent growth achieved by the 3-way joint venture between Bank of Baroda, Andhra Bank and UK's Legal and General.

IndiaFirst Life enters pension space, launches retirement plan

IndiaFirst Guaranteed Retirement Plan is a non-linked, participating, endowment, deferred pension plan. This plan is for customers who are conscious to plan for their retirement and want to remain financially young, IndiaFirst Life Insurance Managing Director and CEO R M Vishakha said.