IndiaFirst Life Insurance
Headquartered in Mumbai, IndiaFirst, with share capital of Rs. 475 crore, IndiaFirst Life Insurance is one of the youngest life insurance companies in the country promoted by largest public sector banks - Bank of Baroda and Andhra Bank along with UK's leading risk, wealth and investment company Legal & General. Bank of Baroda holds a 44 percent stake in IndiaFirst, while Andhra Bank and Legal & General hold a 30 percent and 26 percent stake respectively. Its initial product range covers the typical needs of protection (term insurance), savings, education and retirement. The company plans to follow this with a whole range of wealth accumulation, health and group insurance plans.
Bank of Baroda is one of the largest public sector banks in the country with an enviable network of over 3900 branches that spreads across the geography of India and over 70 branches across 22 countries globally! This behemoth financial institution is over 100 years old and has been built on financial prudence, corporate governance and most importantly – the trust of its valuable customers.
Andhra Bank has been serving the Indian customer for over 85 years and currently has a network of over 1716 branches. The bank has developed best in class deposit and lending schemes for its valued Both the banks are nationalised and provide best in class products and services to every Indian citizen.
Legal & General is one of UK's leading financial institutions with a heritage of over 150 years. It provides life assurance, pensions, investments and general insurance plans to over 5.5 million customers across UK. It brings rich fund management and insurance experience to India.