logo
logo

India First Life Appoints Varun Gupta As President & Chief Distribution Officer Bancassurance and Sumeet Sahni As President & Chief Distribution Officer Agency & Alliances

Jul 10, 2024•about 1 year ago

Position

Chief Distribution Officer

Company

IndiaFirst Life Insurance Company Ltd

Sumeet Sahni
MumbaiInsurance

Description

IndiaFirst Life announced the appointment of Varun Gupta as President & Chief Distribution Officer (CDO) – Bancassurance and Sumeet Sahni as President & Chief Distribution Officer (CDO) – Agency & Alliances. The new appointments are part of the company's strategy to strengthen further its distribution network in line with its growth plans.

Company Information

Company

IndiaFirst Life Insurance Company Ltd

Location

Mumbai, Maharashtra, India

About

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.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

Executive Insights

Based on hiring data
New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months