IndiaFirst, a life insurance joint venture among Bank of Baroda, Andhara Bank and UK-based Legal & General, would target more of tier-II & -III cities than metros for its business expansions Speaking to FE, of the company PNandagopal said IndiaFirst would target medium-sized policy of around Rs 15-20,000 per policy for tenure of 15 years. We see a lot of opportunities in interiors of Indla, he added. The latest life insurance joint venture wouldn t have any agents initially and would prefer to mobilse business through the branches of the banks which have formed the joint venture. The business has to ...

More...