IndiaFirst Life Insurance Insurance Data
Joint venture between Bank of Baroda, Union Bank of India, and Carmel Point Investments.
IndiaFirst Life Insurance is a life insurance company licensed by IRDAI (registration number 143). Its solvency ratio of 1.90× as of Q1 FY26-27 exceeds the IRDAI mandatory minimum of 1.5×, ranking 19th among 25 life insurers. The company reported gross written premium of ₹7218 crore in FY24-25, ranking 13th by premium among 25 life insurers. Its claims settlement ratio of 96.6% in Q1 FY26-27, placing it 4th among 10 life insurers with available data. Its 13th-month premium persistency ratio was 73.8% in Q1 FY26-27.
Peer rank among life insurers with data for that metric. Not shown when fewer than 3 peers have data.
Premium
| gross written premium | ₹7,218 crore | FY24-25 |
Solvency
| solvency ratio | 1.90× | Q1 FY26-27 |
Claim Settlement
| claim settlement ratio | 96.6% | Q1 FY26-27 |
Persistency
| 37th month persistency ratio | 57.9% | Q1 FY26-27 |
| 25th month persistency ratio | 63.9% | Q1 FY26-27 |
| 61st month persistency ratio | 54.0% | Q1 FY26-27 |
| 13th month persistency ratio | 73.8% | Q1 FY26-27 |
| 49th month persistency ratio | 59.4% | Q1 FY26-27 |
| 61st month persistency by policy count | 42.4% | FY24-25 |
| 13th month persistency by policy count | 68.1% | FY24-25 |
| 25th month persistency by policy count | 58.9% | FY24-25 |
| 37th month persistency by policy count | 57.9% | FY24-25 |
| 49th month persistency by policy count | 52.3% | FY24-25 |
Financial Position
| net worth | ₹1,435 crore | FY24-25 |
Distribution by Channel
| Individual Agents premium | ₹79.99 crore | FY24-25 |
| MI Agents policies | 0 | FY24-25 |
| Brokers premium | ₹157.29 crore | FY24-25 |
| Direct premium | ₹120.63 crore | FY24-25 |
| Corp. Agents (Other) policies | 214 | FY24-25 |
| Referrals premium | ₹0.00 crore | FY24-25 |
| Referrals policies | 0 | FY24-25 |
| Web Agg. premium | ₹0.00 crore | FY24-25 |
| IMF premium | ₹0.00 crore | FY24-25 |
| Bank Channel premium | ₹1,160.12 crore | FY24-25 |
| Others policies | 0 | FY24-25 |
| CSCs policies | 9,021 | FY24-25 |
| MI Agents premium | ₹0.00 crore | FY24-25 |
| Online policies | 0 | FY24-25 |
| POS premium | ₹0.00 crore | FY24-25 |
| Online premium | ₹0.00 crore | FY24-25 |
| POS policies | 0 | FY24-25 |
| Corp. Agents (Other) premium | ₹3.06 crore | FY24-25 |
| CSCs premium | ₹9.14 crore | FY24-25 |
| IMF policies | 0 | FY24-25 |
| Direct policies | 12,708 | FY24-25 |
| Web Agg. policies | 0 | FY24-25 |
| Brokers policies | 16,985 | FY24-25 |
| Others premium | ₹0.00 crore | FY24-25 |
| Individual Agents policies | 10,449 | FY24-25 |
| Bank Channel policies | 1,53,336 | FY24-25 |
Lapse & Surrender
| lapse and surrender ratio | 2.8% | FY24-25 |
Other Claims
| claims repudiation ratio | 0.46% | Q1 FY26-27 |
| claims settled in 1 to 3 months | 12.1% | FY24-25 |
| claims settled in 3 to 6 months | 1.0% | FY24-25 |
| claims settled in 6 to 12 months | 0.0% | FY24-25 |
| claims settled after 1 year | 0.0% | FY24-25 |
| claims paid within 1 month | 87.0% | FY24-25 |
Other
Data from IRDAI public disclosures. Click a metric name for full history and provenance.
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