The Economic Times

BNP Paribas Cardif to bring bancassurance expertise to IndiaFirst Life after stake buy

French insurer BNP Paribas Cardif will acquire a significant stake in IndiaFirst Life Insurance. This strategic move marks Warburg Pincus's exit from the Indian insurer. The transaction is subject to necessary regulatory approvals before finalization. BNP Paribas Cardif aims to leverage its global bancassurance expertise in this new partnership. This collaboration will enhance protection and savings solutions for Indian customers.