IndiaFirst Life Insurance was incorporated on June 19, 2008, as Baroda L&G; Life Insurance Company Ltd. It was one of the fastest-growing private life insurers in India in terms of New Business IRP in fiscal 2022. It also recorded the highest growth in terms of New Business IRP amongst life insurers with PSU bank parentage, with a CAGR of 27.3%, for the five-year period ending fiscal 2022.