Chennai: IndiaFirst Life Insurance Company Limited has said it continued to grow despite the Covid-19 pandemic.
Promoted by Bank of Baroda and Union Bank of India, the organisation announced a 5 per cent growth in individual New Business (NB) Annual Premium Equivalent (APE).
Rushabh Gandhi, deputy CEO, IndiaFirst Life, said, “IndiaFirst Life has written Rs 894 Crore of NB APE, the highest ever since its inception. This translates to a Y-o-Y growth of 5 per cent which, on the back of an industry leading 25 per cent year on year growth in FY20, is satisfying.”