IndiaFirst Life
Rajat Singhal possesses extensive experience in operations and distribution services within the insurance sector. Currently serving as Vice President Operations at IndiaFirst Life since February 2016, Rajat has previously held the positions of Deputy Vice President and Assistant Vice President Operations in the same company. Prior to this, Rajat was the Group Head of Distribution Services at IndiaFirst Life Insurance from December 2009 to January 2016. Rajat holds a Master's degree in Human Resource Development and Management from NL Dalmia Management & Research Institute.
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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.