Company Information

Get to know IndiaFirst Life Insurance

IndiaFirst Life Insurance Company Limited was established in 2009 and is a joint venture between two of India's largest public sector banks, Bank of Baroda and Union Bank of India, and Carmelpoint Investments India Private Limited (which is owned by private equity funds managed by Warburg Pincus LLC). The company's mission is to make insurance simple, accessible, and affordable for everyone. It offers a comprehensive suite of products including term plans, wealth accumulation plans, savings plans, and retirement solutions, which are distributed through its extensive bancassurance network and other channels.

Industry

Financial InsurancePRIMARY
Financial Banking
Financial Other Service

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IndiaFirst Life Insurance

N/A

Founded in

2009 (17 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.