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IndiaFirst Life Forays Into Health Insurance


IndiaFirst Life Insurance forayed into the health insurance segment by launching a new product and said it expects to garner about 10% of its total premium within next three years. The company, a joint venture between public sector lenders Bank of Baroda and Andhra Bank along with UK-based investment firm Legal & General, also said it aims to sell at least 1 lakh health insurance policies within that period. As a line of business, health offers the best potential in the insurance sector. We have launched out first plan --IndiaFirst Money Back Health Insurance Plan --and in the coming days, we will come out with more offers. The Money Back Plan would offer protection to customers for up to 10 years. The minimum premium payout of the customer would be . 10,000. The health insurance cover would be a minimum for . 1.5 lakh and maximum of . 10 lakh.
 

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