Sahara India Life Insurance Company Ltd. (SILICL) is first Wholly Indian Life Insurance Company in the Private Sector. The Sahara Pariwar, popularly known as the world's largest 'family' with diversified business interests, is a recent entrant in the field of life insurance and its insurance company - Sahara India Life Insurance Company Ltd. was granted license by the insurance regulator - the IRDA, on 6 February 2004.
The wonderful facilities and services offered by the Sahara India Life Insurance make it one of the well preferred insurance companies in the country. The chairman of the Sahara Life Insurance is Mr. Subrata Roy Sahara, who is also the chairman of the Sahara Pariwar Group.
Sahara India Life Insurance was granted the license to start its operations by the insurance regulator IRDA in year 2004. After granting lincence the company started its operation in month of october. Since then, the company has grown to a significant extent and has considerably added to its customer base.
When the company started its operations in the year 2004, the initial paid up capital of Sahara India Life Insurance was Rs 157 crores. Today it has increased significantly and the company is now one of the most profit making organizations in the country.