IndiaFirst Life
Nikunj Agarwal possesses over two decades of experience in the insurance and financial services industry. Currently serving as Vice President & Regional Head at IndiaFirst Life since January 2018, Nikunj has also held titles including Vice President & Channel Head and Business Unit Head-North at the same company. Prior experience includes roles as Area Head at IDBI Federal Life Insurance from January 2008 to January 2018, and Sales Manager at Aviva India from December 2005 to January 2008. Earlier in the career, Nikunj held management positions at CITI FINANCIAL, JRC Services, and CIPL, which is an associate of Citi Bank India. Completing a Management Development Program in Business Administration and Management at the Indian Institute of Management, Lucknow in December 2022, enhances the strategic leadership and management capabilities.
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IndiaFirst Life
IndiaFirst Life, the 22nd entrant in the Indian life insurance industry, launched its operations in November 2009. IndiaFirst Life is promoted by two large public-sector banks, Bank of Baroda (65% stake) and Union Bank of India (9% stake). Their footprint and experience offered by these entities continue to fortify the value proposition it offers to all stakeholders. Carmel Point Investments India Private Limited incorporated by Carmel Point Investment Ltd, a body corporate incorporated under the laws of Mauritius and owned by private equity funds managed by Warburg Pincus LLC also holds 26% stake in IndiaFirst Life. Declaring its maiden profits in FY 2014-15, IndiaFirst Life is amongst few Life Insurance companies in India to break-even within five years since inception. IndiaFirst Life’s footprint today, extends to over 1000 cities and towns pan-India, through over 12,000 points of sale. IndiaFirst Life’s competitive advantage is its new-age intuitiveness that delivers value through state-of-the-art digitalisation initiatives across its complete value chain, that stems from the company’s “CustomerFirst” ideology.