IndiaFirst Life
Vineet Ubale is an experienced IT professional with a strong background in project management and technology implementation within the insurance sector. Currently serving as Assistant Vice President and Information Technology Manager at IndiaFirst Life since August 2018, Vineet plays a key role in managing projects related to the Sales application stack, focusing on the Micro Insurance portal and customer-facing chatbots. Prior to this, Vineet was a Project Manager at C2L BIZ Solutions Pvt Ltd, overseeing the delivery of financial analysis tools for a Hong Kong insurance client. Vineet's career began at Bharti AXA Life Insurance, where various roles, including Manager IT and IT Business Analyst, emphasized effective business design and demand management. Additional experience includes a position at Convergys as Level 2 Support, mentoring teams and managing escalations. Vineet holds a Bachelor of Arts degree in History and Sociology from St. Andrew's College of Arts, Science and Commerce and completed SSC at Raigad Military School.
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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.