IndiaFirst Life
Sameer Gupta is a seasoned professional with extensive experience in the insurance industry, currently serving as the Chief Business Officer and Head of Distribution Strategy & Sales Enablement at IndiaFirst Life since December 2009. Gupta has successfully executed initiatives to build scalable banca models and multi-channel distribution, leading significant growth in remote sales and establishing new partnerships in the microinsurance segment. Previous roles include leadership positions at Canara HSBC OBC Life Insurance Co. Ltd. and HDFC Standard Life Insurance, where Gupta demonstrated a strong ability to drive business development and increase sales through strategic partnerships. Educational qualifications include a PGDBM in Finance from the Centre for Management Development.
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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.