IndiaFirst premium grew by over 43 pc to Rs 1,000 cr in FY12

Wednesday 04, April, 2012 Private insurer IndiaFirst Life Insurance today said it garnered premium at Rs 1,000 crore during FY12 by over 43 percent compared to the previous fiscal. IndiaFirst premium stood at Rs 700 crore in FY11, the company said in a statement issued here. "Being incorporated in November, 2009, we have approximately covered 1.6 million lives. The trust displayed by our customers, distributors and shareholders in us, adds to our responsibility of ensuring continuous innovation to keep providing enhanced value," IndiaFirst Managing Director and CEO P Nandagopal said. Last financial year, IndiaFirst surpassed its rural and social obligations laid down by the regulator, he said. The company acquired 14 per cent of its business from rural India and covered 5,27,589 lives against 5,000 lives - taking the benefits of life insurance to the doorsteps of customers across the country, irrespective of their location.

[ Back to News Room ]

Back to Top^