June 19, 2021

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Indiafirst Life Insurance expects 30 percent growth in Next Financial Year

IndiaFirst Life Insurance which is a joint venture of Bank of Baroda , Andhra Bank and Legal & General, announced that it is targeting Rs 10,000 crore of assets under management (AUM) in the 2015-16 fiscal.

The company’s AUM was Rs 9,061 crore during the 2014-15 fiscal.

“We are looking at about 30 per cent growth in the next financial year with a total premium collection of about Rs 2,000 crore,” IndiaFirst managing director and chief executive officer RM Vishakha said in a release.