About Sahara Life Insurance
Sahara Life Insurance is a company based in Lucknow (India) founded in 2004 was acquired by ICICI Prudential Life Insurance in July 2017. It operates as a B2C, and B2B. The company has 392 employees. Sahara Life Insurance offers products and services including Endowment, Money Back, Term Assurance, Unit Link, and Group Insurance. Sahara Life Insurance operates in a competitive market with competitors including SBI Life Insurance, Life Insurance Corporation of India, HDFC Life, ICICI Prudential Life Insurance and PNB MetLife, among others.
- Headquarter Lucknow, India
- Employees 392 as on
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Sahara India Life Insurance Company Limited
- Date of Incorporation 13 Sep, 2000
- Jurisdiction Lucknow, Uttar Pradesh, India
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
392
as on
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Acquired by
ICICI Prudential Life Insurance
(Jul 04, 2017)
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Products & Services of Sahara Life Insurance
Sahara Life Insurance offers a comprehensive portfolio of products and services, including Endowment, Money Back, Term Assurance, Unit Link, and Group Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides savings and protection through long-term policies.
Offers periodic payouts with life coverage benefits.
Delivers pure protection for a specified period.
Combines insurance with market-linked investments.
Provides coverage for employee groups.
Adds extra benefits to main policies.
Funding Insights of Sahara Life Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sahara Life Insurance
Sahara Life Insurance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include ICICI Prudential Life Insurance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of life insurance services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sahara Life Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sahara Life Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sahara Life Insurance Comparisons
Competitors of Sahara Life Insurance
Sahara Life Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SBI Life Insurance, Life Insurance Corporation of India, HDFC Life, ICICI Prudential Life Insurance and PNB MetLife, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Life Insurance joint venture between SBI and BNP Paribas Cardiff
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| domain | founded_year | HQ Location |
Life insurance and micro insurance services are provided in India.
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| domain | founded_year | HQ Location |
Life and health insurance services are offered in India.
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| domain | founded_year | HQ Location |
Provider of life insurance services
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| domain | founded_year | HQ Location |
Provider of life insurance services
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| domain | founded_year | HQ Location |
Life and general insurance products are provided by Tata AIA.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sahara Life Insurance
Frequently Asked Questions about Sahara Life Insurance
When was Sahara Life Insurance founded?
Sahara Life Insurance was founded in 2004.
Where is Sahara Life Insurance located?
Sahara Life Insurance is headquartered in Lucknow, India. It is registered at Lucknow, Uttar Pradesh, India.
How many employees does Sahara Life Insurance have?
As of the latest available data, the latest employee count at Sahara Life Insurance is 392.
What does Sahara Life Insurance do?
Sahara India Life Insurance Company Limited operates as a life insurance provider in India, launched in 2004 and regulated by IRDA. It offers various products like endowment, money back, and group insurance through agents and online channels. Based primarily in Lucknow, it serves individual customers and corporate clients with policies for financial protection and investment. The company emphasizes grievance redressal and public disclosure for transparency.
Who are the top competitors of Sahara Life Insurance?
Sahara Life Insurance's top competitors include SBI Life Insurance, Life Insurance Corporation of India and PNB MetLife.
What products or services does Sahara Life Insurance offer?
Sahara Life Insurance offers Endowment, Money Back, Term Assurance, Unit Link, and 2 more products and services.
Who are Sahara Life Insurance's investors?
Sahara Life Insurance has 1 investor. Key investors include ICICI Prudential Life Insurance.
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