IndiaFirst Life Insurance Company Limited, a joint venture backed by two public-sector Indian banks and the local arm of the UK-based Legal and General Group, reportedly has announced plans to start offering pension products and microinsurance during the financial year 2013-14 following the release of the updates to the Insurance Regulatory and Development Authority (IRDA) guidelines on microinsurance, according to a statement attributed to the IndiaFirst Managing Director and Chief Executive Officer P. Nandagopal [1].
