IndiaFirst Life Insurance Company is a Mumbai-based private life insurer, promoted by Bank of Baroda, that began selling policies in November 2009 and offers term, savings, child, pension and market-linked plans.
IndiaFirst Life Insurance Company at a Glance (Stats Table)
| Detail | Information |
|---|---|
| Full name | IndiaFirst Life Insurance Company Limited |
| Type | Private sector life insurer |
| Main promoter | Bank of Baroda (65% stake) |
| Other shareholders | Carmel Point Investments India, a Warburg Pincus affiliate (26%); Union Bank of India (9%) |
| Incorporated | 2008 |
| Operations began | 16 November 2009 |
| Head office city | Mumbai |
| IRDAI registration number | 143 |
| Company ID (CIN) | U66010MH2008PLC183679 |
| Paid-up capital | ₹754.37 crore (company-quoted) |
| Assets managed | ₹30,968 crore as of March 2025 (company-quoted) |
| Individual claim settlement ratio | 98.22% for FY 2024-25 (company-quoted) |
| FY26 net profit | ₹127.42 crore (up from ₹102.28 crore) |
| Toll-free number | 1800 209 8700 |
| Stock market status | Not listed yet; IPO plans exist, no dates announced |
IndiaFirst Life Insurance Company Details: What Is It, Really?
Think of IndiaFirst Life Insurance Company Details as the insurer’s ID card. You pay a premium, and IndiaFirst Life Insurance Company pays your family if you die during the policy term, or pays you a benefit at maturity, depending on the plan.
- It is regulated by IRDAI, India’s insurance regulator, under registration number 143.
- It sells through bank branches, agents and online channels.
- Its main bank partners are Bank of Baroda and Union Bank of India.
- It offers term, savings, child, pension, group and unit-linked plans.
What Does IndiaFirst Life Insurance Cover, and For Which Age?
Simple answer: it depends on the plan you pick. IndiaFirst Life Insurance is a bundle of plans, and each one covers a different job: protecting your family, saving money, growing money in the market, or planning for a child.
What You Can Get Covered
| Plan Type | What It Covers | Who Gets the Money |
|---|---|---|
| Term plans (Elite Term Plan, e-Term Plus Plan) | Death during the policy term; e-Term Plus also lists critical illness and accidental total permanent disability | Your nominee, or you in case of disability or illness |
| Savings plans (Guaranteed Benefit Plan, IndiaFirst Life Plan) | Life cover plus planned payouts or a maturity amount | You at maturity, or your nominee on death |
| Market-linked plans (Money Balance Plan, Radiance Smart Invest Plan) | Life cover plus investment in market funds | Your nominee on death, or you at maturity, based on fund value |
| Child plan (Little Champ Plan) | Savings goals for a child’s future | As per plan terms |
| Riders (add-ons) | Accidental death, total and permanent disability, premium waiver | Added on top of the base plan |
Age Limits: Who Can Buy?
| Detail | IndiaFirst Life Elite Term Plan |
|---|---|
| Minimum entry age | 18 years |
| Maximum entry age | 65 years |
| Maximum age at maturity | 99 years |
| Policy term | 5 to 81 years |
| Premium payment | Regular premium, same as policy term |
What Is Usually Not Covered
Every policy has exclusions. Typical ones include death by suicide within the first year of the policy and claims made after hiding health or lifestyle facts in the form. Read the exclusions list in your policy document before paying.
IndiaFirst Life Insurance Started In Which Year?
IndiaFirst Life Insurance Started In Which Year? The company was set up in 2008, but it began selling policies on 16 November 2009. So if someone says “2008” and someone else says “2009”, both are right. One counts paperwork. The other counts the first customer.
| Year | What Happened |
|---|---|
| 2008 | Company incorporated as a joint venture of Bank of Baroda, Andhra Bank and Legal & General of the UK |
| 2009 | Operations began on 16 November 2009 |
| 2019 | Warburg Pincus affiliate Carmel Point Investments India became a shareholder with a 26% stake |
| 2020 | Andhra Bank merged into Union Bank of India, which took over that stake |
| 2022 | Bank of Baroda raised its holding to 65%; IPO draft papers filed |
IndiaFirst Life Insurance Company Owner: Who Holds the Shares?
Now for the favourite question at every family dinner. Who is the IndiaFirst Life Insurance Company Owner?
There is no single human owner. IndiaFirst Life Insurance Company is owned by institutions, and the biggest one is Bank of Baroda.
| Shareholder | Stake | Who They Are |
|---|---|---|
| Bank of Baroda | 65% | Large public sector bank and the main promoter |
| Carmel Point Investments India | 26% | Affiliate of global investor Warburg Pincus |
| Union Bank of India | 9% | Public sector bank and distribution partner |
IndiaFirst Life Insurance Bank Of Baroda: The Connection Explained
Search Indiafirst Life Insurance Bank Of Baroda and you will see the two names together everywhere. Bank of Baroda promoted IndiaFirst Life Insurance Company, is its largest shareholder, and its branches are a major selling point.
What does that mean for you? You may get a policy offer at a bank branch, and the insurer has a big parent behind it. But your contract is with IndiaFirst Life, not the bank.
IndiaFirst Life Insurance Is Government Or Private?
People ask IndiaFirst Life Insurance Is Government Or Private because a public sector bank sits at the top. Here is the clean answer.
| Question | Answer |
|---|---|
| Is it a government insurer like LIC? | No |
| Is it a private life insurer? | Yes, it entered the market in 2009 as a private sector life insurer |
| Who runs it? | A company board with promoters led by Bank of Baroda |
| Does the government guarantee your policy? | No separate government guarantee applies |
| Who regulates it? | IRDAI |
So the cleanest label for IndiaFirst Life Insurance Company is “private life insurer with a public sector bank as its biggest owner.”
IndiaFirst Life Insurance Company LTD: Money and Performance in 2026
The legal name is IndiaFirst Life Insurance Company LTD, and the numbers below come from market data reports and company statements.
| Money Check | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Revenue (reported as sales) | ₹7,569.85 crore | ₹6,865.81 crore |
| Net profit | ₹127.42 crore | ₹102.28 crore |
IndiaFirst Life Insurance Policy Details: Plans You Will See
When people search IndiaFirst Life Insurance Policy Details, they want either the plan list or what is inside their own policy. Here are both.
| Plan Type | Example Plans | Best For |
|---|---|---|
| Term plans | e-Term Plus Plan, Elite Term Plan | Pure family protection at a low cost |
| Savings plans | Guaranteed Benefit Plan, IndiaFirst Life Plan | Planned savings with life cover |
| Market-linked plans | Money Balance Plan, Radiance Smart Invest Plan | People who accept market ups and downs |
| Child plans | Little Champ Plan | Parents saving for a child’s future |
| Group and other plans | Group protection, corporate funds, PMJJBY | Employers and organisations |
Inside your own policy schedule, look for the policy number, sum assured (life cover), premium and due dates, start and maturity dates, nominee name, riders, and the free look period. Keep a soft copy in your email and tell your nominee where it lives.
IndiaFirst Life Insurance Claim Settlement Ratio: How Good Is It?
Claim settlement ratio answers one question: out of 100 claims that came in, how many did the insurer pay? For IndiaFirst Life Insurance Company, the IndiaFirst Life Insurance Claim Settlement Ratio looks decent, though sources report slightly different numbers.
| Source Type | Figure Reported | Note |
|---|---|---|
| Company website | 98.22% (individual, FY 2024-25) | Company-stated |
| Insurance comparison sites | Around 96.8% to 98.0% (FY 2024-25) | Methods differ |
| Three-year average (FY 2022-25) | About 97.98% | Industry average is about 98.66% |
| Amount-based ratio | Around 94% on average | Counts rupees paid, not claim count |
IndiaFirst Life Insurance Share Price: Why You Cannot Find One
Plenty of people type IndiaFirst Life Insurance Share Price into search and scratch their heads. The reason is simple: IndiaFirst Life Insurance Company is not listed on the stock market as of 28 October 2026, so there is no daily price on NSE or BSE.
What we know about the IPO:
- Draft papers were filed with the market regulator in 2022.
- The plan was a fresh issue of up to ₹500 crore plus an offer for sale of up to about 14.13 crore shares by existing shareholders.
- Broker and IPO tracking sites currently show the dates, price band and lot size as “to be announced.”
IndiaFirst Life Insurance Company Customer Care Number and Contacts
Let us put the IndiaFirst Life Insurance Company Customer Care Number where you can find it fast.
| Channel | Details |
|---|---|
| Toll-free helpline | 1800 209 8700 (Monday to Saturday, 9 am to 7 pm, as per the company’s citizen charter) |
| Service requests by email | customer.first@indiafirstlife.com |
| Claims email | claims.support@indiafirstlife.com |
| Buying a policy online | 8828840199 (Monday to Saturday, 9 am to 7 pm) |
| In person | Nearest IndiaFirst Life branch, or Bank of Baroda and Union Bank of India branches for policy services |
IndiaFirst Life Insurance Login: Customer Portal Steps
The IndiaFirst Life Insurance Login option sits on the official website. Policyholders use it to view policy details, pay premiums, download statements and raise service requests.
- Open the official website by typing the address yourself, not by tapping an ad.
- Find the customer login option near the top of the page.
- Enter your policy number or registered details.
- Confirm with the one-time password sent to your registered mobile number.
Distribution Portal IndiaFirst Life Insurance: For Agents and Partners
The Distribution Portal IndiaFirst Life Insurance is not for regular policyholders. It is the sign-in area for agents, advisors and partner staff. Such portals usually help with new applications, tracking policies, commission reports and forms. Customers should use the customer login instead. Agents who lost their credentials should contact their branch manager or the sales support team, and take the exact portal address from the official partner page or the onboarding email.
IndiaFirst Life Insurance Policy Status Check Online
You paid the premium. Now you ask, “Is my policy active?” That is where IndiaFirst Life Insurance Policy Status comes in.
| Status | Plain Meaning | What to Do |
|---|---|---|
| In force | Premiums paid; policy is alive | Keep paying on time |
| Lapsed | Premium missed beyond the grace period | Ask about revival |
| Paid-up | You stopped paying, but reduced benefits remain | Check the new benefit amount |
| Matured | Plan term is over | Claim your maturity amount |
How To Check Fund Value Of IndiaFirst Life Insurance
This applies only to market-linked (unit-linked) plans. Term plans have no fund value. The maths is simple: fund value = units you own x latest unit price (NAV). Own 1,000 units at ₹30 each and your fund value is ₹30,000.
How To Check Fund Value Of IndiaFirst Life Insurance: log in to the customer portal, open your market-linked policy, view the unit statement, and compare the units in each fund with the latest published NAV.
How To Cancel IndiaFirst Life Insurance Policy
You can cancel your IndiaFirst Life Insurance Policy during the free-look period or surrender it later, depending on your policy terms.
Option 1: During the Free-Look Period
The free-look period is usually 15 or 30 days, depending on the policy.
- Check your policy’s free-look period.
- Submit a cancellation request with your policy number.
- Provide ID proof if required.
- Keep the acknowledgement for reference.
Option 2: After the Free-Look Period
You may surrender the policy, choose paid-up benefits if eligible, or let it lapse. The amount refunded depends on the policy terms, and market-linked plans may have a five-year lock-in. Confirm the surrender value with the insurer before deciding.
IndiaFirst Life Insurance Review: Pros and Cons
This IndiaFirst Life Insurance Review highlights the company’s key advantages and drawbacks.
Pros
- Backed by Bank of Baroda.
- Reported claim settlement ratio close to 98%.
- Reported FY26 profit of ₹127.42 crore.
- Offers term, savings, and child insurance plans.
- Provides toll-free customer support.
Cons
- Claim settlement performance varies by reporting period.
- Not publicly listed, so no stock market share price.
- Market-linked plans involve investment risks and charges.
- Compare other insurers before buying through a bank branch.
Conclusion
IndiaFirst Life Insurance Company began operations in 2009 and is mainly owned by Bank of Baroda. Its key details include IRDAI registration number 143 and a reported claim settlement ratio of around 98%. Customers can use the IndiaFirst Life Insurance Login to check policy details, while agents access the Distribution Portal IndiaFirst Life Insurance. Before purchasing a policy, compare its benefits, charges, and terms. You may also cancel during the free-look period, subject to applicable conditions and deductions.
Read more:
Frequently Asked Questions
1. Is IndiaFirst Life Insurance Company safe?
It is regulated by IRDAI and backed mainly by Bank of Baroda. Compare policy benefits and risks before buying.
2. Who is the IndiaFirst Life Insurance Company Owner?
Bank of Baroda owns 65%, Carmel Point Investments India 26%, and Union Bank of India 9%.
3. IndiaFirst Life Insurance Is Government Or Private?
It is a private life insurer, not a government insurer like LIC.
4. What is the IndiaFirst Life Insurance Company Customer Care Number?
Call 1800 209 8700 or email customer.first@indiafirstlife.com.
5. IndiaFirst Life Insurance Started In Which Year?
It began selling policies on 16 November 2009.
6. How To Check Fund Value Of IndiaFirst Life Insurance?
Log in to your market-linked policy account and check the latest fund value.
7. How To Cancel IndiaFirst Life Insurance Policy?
Submit a cancellation request during the free-look period. Later, surrender or other options may apply, subject to policy terms.
