India-First Life Insurance planning to do Rs 200-crore business by March-end
India-First Life Insurance formed by Bank of Baroda (44% stake), Andhra Bank (30%) and Legal and General (26%) is planning to a business of Rs. 200 crore by the end of March 2010. First Life has applied for license to the Insurance Regulatory and Development Authority (IRDA) for licenses and is planning to open 50 branches of its own.
India-First Life will start offering its products with the launch of three plans, all three of which as ULIP plans. The plans cater to savings, children and retirement planning.
January 1, 2010
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