IndiaFirst Life
Sumeet Sahni serves as President and Chief Distribution Officer - Agency & Alliances at IndiaFirst Life Insurance since June 2024, where Sumeet focuses on driving growth and nurturing collaborative relationships. Previously, Sumeet held various leadership positions at Aditya Birla Sun Life Insurance from July 2009 to June 2024, including Head of Agency and Head of Sales for multiple regions, contributing to proprietary sales and strategic development. Sumeet’s career also includes roles at ICICI Prudential Life Insurance Co Ltd, managing agency sales across North India, and Max New York Life Insurance Co. Ltd., where Sumeet developed sales teams. Sumeet started in sales and marketing with Neptune Equipments Ltd., enhancing business development for garage automation equipment. Sumeet holds a Bachelor of Engineering in Electronics from Pune University.
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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.