IndiaFirst Life
Ronald Fernandes has extensive experience in the life insurance and financial services sector, currently serving as VP of Distribution Strategy, Sales Enablement, and Sales Effectiveness at IndiaFirst Life since January 2023. Prior to this role, Ronald held the position of Vice President at Ageas Federal Life Insurance from February 2008 to December 2022, focusing on channel management and distribution transformation projects. Ronald's earlier career includes a managerial role at Birla Sun Life Insurance, where responsibilities involved performance management and various strategic projects. Ronald also has a background in accounts and finance, with prior roles at SBI Capital Markets and Wilson Sandhu Logistics. Educational credentials include a Management Development Programme in Transformational Leadership from the Indian Institute of Management, Indore, and an MFM in Finance from NMIMS.
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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.