IndiaFirst Life Insurance reported profit of Rs 35 crore for the financial year 2016-17.
The company was launched in 2010-11. It is promoted by Bank of BarodaBSE 3.16 %, Andhra BankBSE 4.27 % and Legal & General.
The company witnessed a new retail premium collection growth of 82 per cent to Rs 403 crore by the end of FY 2016-17, as against Rs 221 crores in FY 2015-16.