IndiaFirst Life Insurance has become the first life insurance company to get a GIFT City IFSC registration.
With this registration, India First Life Insurance is enabled to extend its services outside India’s borders.
IndiaFirst Life Insurance received approval from the Insurance Regulatory and Development Authority of India (IRDAI) in August 2023.
It obtained registration from the International Financial Services Centre Authority (IFSCA) in September 2023.
Bank of Baroda, Union Bank of India, and Warburg Pincus-owned Carmel Point Investments are promoters of IndiaFirst Life Insurance. They hold 65%, 9% and 26% stake in it.
