About First Policy
First Policy is a Financial Services company based in Pune (India) founded in 2002. Insurance brokerage services in India focusing on risk management and various insurance types. First Policy has completed 1 acquisition, including Amicus Insurance. Its Indian entity First Policy Insurance Brokers Private Limited reported revenue of ₹16.17 Cr. First Policy offers products and services including Employee Benefits and Marine Insurance. Its focus areas include Insurance, Claims Management, Reinsurance and Brokerage.
Company details
First Policy is identified as an insurance brokerage firm in India that delivers comprehensive services such as employee benefits, liability insurance, and claims management to diverse industries including energy, manufacturing, and hospitality. Operations are supported by a network of offices across India and Nepal, where technology and trust are emphasized in risk analysis and insurance solutions. High-quality support is provided to ensure optimal cost and market-appropriate offerings, with a focus on accountability and adaptability in addressing business risks.
- Annual Revenue₹16.17 Cr
FY 2025 · +10% YoY
- Net Profit₹1.64 Cr
FY 2025 · 10% margin
- EBITDA₹4.46 Cr
FY 2025 · 28% margin
- Investments & Acquisitions
Associated legal entities of First Policy
First Policy operates through First Policy Insurance Brokers Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| First Policy Insurance Brokers Private Limited CIN U74140PN2002PTC017425 | Active | 13 Nov 2002 | Pune, Maharashtra | ₹16.2 Cr | 64 | 3 | View details |
Products & Services of First Policy
First Policy offers a comprehensive portfolio of products and services, including Employee Benefits and Marine Insurance.
Complete administration and support services for employee benefits insurance are offered to human resource departments
Coverage for marine-related risks is provided as part of the insurance portfolio
Apps and channels of First Policy
its YouTube channel First Policy Insurance Brokers has 420 subscribers and 17 videos.
Videos from First Policy
The most watched videos on First Policy's YouTube channel, First Policy Insurance Brokers (420 subscribers). Click a video to play it here.
More on First Policy Insurance Brokers.
Board of directors of First Policy Insurance Brokers Private Limited (First Policy)
First Policy Insurance Brokers Private Limited is the primary company behind First Policy. The board of First Policy Insurance Brokers Private Limited currently have 2 directors; the longest-serving is Ashok Kumar Jain, appointed in 2006. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashok Kumar Jain DIN 00392870 | Whole-time director | 19 Dec 2006 | 19 yrs 10 mo | First Policy Insurance Brokers Private Limited |
| Sachin Devichand Jain DIN 07538359 | Whole-time director | 24 Aug 2016 | 10 yrs 2 mo | First Policy Insurance Brokers Private Limited |
People of First Policy
2 people are tracked at First Policy (1 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
| Director | Leadership | |
Sanchi Jain | Lead - Partnership And Digital | Team |
Complete people profiles for First Policy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of First Policy
Figures of First Policy Insurance Brokers Private Limited, the primary company behind First Policy, for FY 2025. Revenue was ₹16.17 Cr (+10% year on year). Net profit was ₹1.64 Cr (10% margin). EBITDA was ₹4.46 Cr (28% margin). Revenue has grown at a compounded annual rate of +2% over three years and +15% over five years.
- ₹16.17 CrRevenue · FY 2025 · +10% YoY
- ₹1.64 CrNet profit · 10% margin
- ₹4.46 CrEBITDA · 28% margin
- ₹10.00 CrPaid-up capital
- 64Employees (provident fund records)
- +2%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of First Policy Insurance Brokers Private Limited are on its company page.
Detailed financial statements for First Policy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by First Policy
First Policy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Amicus Insurance.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Diversified insurance brokerage services are offered in India. | amicusbrokers.com | Mumbai, India | 2008 | Sep 2021 | •••• |
Complete acquisition details for First Policy
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of First Policy
2 dated milestones of First Policy across 19 years, from founding to its latest funding, stage changes and deals.
- Founded First Policy is founded.
- Acquisition Acquires Amicus Insurance.
Web traffic of First Policy
The website of First Policy (firstpolicy.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 11% vs previous month
Top companies in Insurance Providers
3 companies that operate in the same segment as First Policy (Insurance Providers) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | USD 502.59 M | 31,422 |
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Frequently Asked Questions about First Policy
First Policy was founded in 2002.
First Policy is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
The primary company behind First Policy, First Policy Insurance Brokers Private Limited, reported revenue of ₹16.17 Cr for FY 2025, up 10% year on year.
First Policy is identified as an insurance brokerage firm in India that delivers comprehensive services such as employee benefits, liability insurance, and claims management to diverse industries including energy, manufacturing, and hospitality. Operations are supported by a network of offices across India and Nepal, where technology and trust are emphasized in risk analysis and insurance solutions. High-quality support is provided to ensure optimal cost and market-appropriate offerings, with a focus on accountability and adaptability in addressing business risks.
First Policy offers Employee Benefits and Marine Insurance.
First Policy has made 1 acquisition, including Amicus Insurance.
First Policy operates through First Policy Insurance Brokers Private Limited.
The legal entities of First Policy currently have 2 directors, including Ashok Kumar Jain, Sachin Devichand Jain.