IndiaFirst Life Insurance, today announced that the company had crossed Rs 900 crore in new business premium in the first 500 days of its operations.
The company has also covered 1.2 million lives during this period and the assets under management (AUM) with the company at the close of 500 days was Rs 1,000 crore, the company said in a release.
“Our fast growth is a validation by our customers of our ‘customer first’ philosophy. Crossing the Rs 900 crore mark in new business premium in the first 500 days of our operations is a result of all the hard work, dedication and honesty put in by our team in making the consumers understand their insurance requirements and our products,” said P Nandagopal, Managing Director & CEO, IndiaFirst Life Insurance.
IndiaFirst Life is a joint venture between two public sector banks- Bank of Baroda and Andhra Bank along with UK’s risk, wealth and investment company Legal & General.