IndiaFirst Life new premium grows by 28% in FY 2013-14

Company has covered approximately 2.4 million lives and has Rs 6,500 cr of AUM at end of FY 2013-14

IndiaFirst Life Insurance saw a 28% rise in new premium for FY 2013-14. The company's gross new business premium grew from Rs 1316 crore in FY 2012-13 to Rs 1681 crore in FY 2013-14.

"The results for FY 2013-14 demonstrate our ability to adapt to the increasingly volatile and fast changing market conditions. Our customer focused approach, both in terms of products as well as processes has been the main contributor to our continued growth. Our focus in the year ahead will be on deeper market penetration by reaching new customer segments, expansion of our product & service offerings and enhancement our overall customer experience," said P. Nandagopal, Managing Director & CEO, IndiaFirst Life Insurance.

The company has covered approximately 2.4 million lives and has Rs 6,500 crore of Assets Under Management (AUM) at the end of FY 2013-14.