Indiafirst Life Insurance Company Limited
Legal Status of Firm
Limited Company (Ltd./Pvt.Ltd.)
Annual Turnover
Rs. 1000 - 5000 Crore
Indiamart Member Since
Feb 2014
IndiaFirst Guaranteed Retirement Plan
IndiaFirst Guaranteed Retirement Plan is a guaranteed financial protection plan for your second innings. It offers you the option to earn guaranteed returns for the initial years in the plan and an opportunity to further build your retirement corpus through bonus, thereon.REASONS TO BUY INDIAFIRST GUARANTEED RETIREMENT PLAN
- Guaranteed peace of mind – earn assured returns and strengthen your finances
- Stay ahead of inflation through your consistently growing retirement corpus with bonuses in the latter years
* Multiple options to invest at your own pace – regular, limited or single premiums
* Start early and build a corpus for the future
* Maximize your retirement pool, up to a term of 40 years
* You are eligible for tax deductions on premiums paid under this plan as per Section 80 (CCC) of the Income Tax Act, 1961 as per Income Tax Laws
Product Details
Company Details
Product Description
- Guaranteed peace of mind – earn assured returns and strengthen your finances
- Stay ahead of inflation through your consistently growing retirement corpus with bonuses in the latter years
- Multiple options to invest at your own pace – regular, limited or single premiums
- Start early and build a corpus for the future
- Maximize your retirement pool, up to a term of 40 years
- You are eligible for tax deductions on premiums paid under this plan as per Section 80 (CCC) of the Income Tax Act, 1961 as per Income Tax Laws
- Death benefits are tax free under Section 10 (10D) of the Income Tax Act, 1961
- Tax benefit on commuted amount which is currently up-to 1/3rd of the maturity / vesting amount under Section 10(10A) of the Income Tax Act, 1961
About the Company
Headquartered in Mumbai, IndiaFirst, with a share capital of INR 4750 mn (Rs. 475 crore), is one of the country's youngest life insurance company promoted by two large public sector banks - Bank of Baroda and Andhra Bank along with UK's leading risk, wealth and investment company Legal & General.
We launchedour operations nationwide in March, 2010 at the hands of ShriPranab Mukherjee, Former Minister of Finance, Government of India. We believe we can differentiate ourselves through simple, easy to understand products that are fairly priced and efficiently serviced.
We are today present in over 1000 cities and towns across the country through 6000 partner bank branches. We have covered over 1.74 million lives and have over INR 50 billion (Rs. 5000 crore) of AUM in just 4 years of operations.
Our product range covers the typical needs of health, security/ protection (term insurance), savings and wealth. We also have a wide range of group insurance products ranging from credit life, term and employee liability (gratuity and leave encashment) plans. We will follow this with a whole range of pension and micro insurance plans shortly.
IndiaFirst brings together a real understanding of the Indian consumers by the promoter banks with international best practices developed by 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.
Our Vision"Become a life insurance and pension business leader in providing significant value for all stakeholders through true customer delight."
Business Highlights- One of the fastest growing life insurance company in the country. Moved from 23rd position to 8th position amongst private life insurers within 3 years
- Defied industry trend – grew by 34% in terms of new business premium at the end of FY 2012-13
- Over Rs. 5,000 crore of AUM – ensuring superior risk adjusted returns. Have consistently outperformed our benchmark indices
- Over 1.74 million lives covered
- Wide network with 6000 touch points across 1000 cities and towns
- Over 30 awards won in a span of 3 years – across Operations, IT, Marketing and HR; including Company of the Year – Life Insurance at the Indian Insurance Awards, 2012
Seller Contact Details
No. 301, 'b' Wing, The Qube, Infinity Park, Infinity Park Mumbai - 400097, Maharashtra, India
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