Security Name: 8.40% Indiafirst Life Insurance Company 24 Mar 2032
ISIN:
INE381Y08029
Taxable
Tax Category
24 Mar, 2027
Call Date
(1 Yr 8 Mo 6 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
24 Mar, 2022
Allotment Date
NA
Put Date
24 Mar, 2026
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
8.4%
Coupon
Fixed Interest
Coupon Basis
Quote Not Available
Current Yield
09 Mar, 2026
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Indiafirst Life Insurance Company
IndiaFirst Life Insurance Company Limited (IFLIC) commenced operations on November 16, 2009, after receiving Insurance Regulatory and Development Authority’s (‘IREDA’) license to transact life insurance business in India. The company caters to Life Insurance, Health Insurance & Pension Funds. The business is spread across individual and group products including participating, non-participating and unit linked products. It also has individual agents, corporate agents, brokers and other intermediaries for distribution.
The ratio in FY24 is 1.02x and it was 1.34x in FY23, indicating decrease in the debt level due to significant increase in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 11.70x and it was 5.47x in FY23, indicating increase in the debt servicing ability of the issuer due to its highest-ever Profit After Tax (PAT) of ₹112 Cr, marking an impressive 47% growth from the previous year.
Interest coverage ratio
Recent News
Go Digit promoter’s entity gets nod to become India’s first private reinsurer
Apr 14, 2025 | Indiafirst Life Insurance Company
IndiaFirst Life Insurance Company standalone net profit declines 38.40% in the September 2024 quarter
Apr 21, 2025 | Indiafirst Life Insurance Company
Related Videos
Masala Bonds
From Spices to Securities: The Journey of Masala Bonds
Types of Bonds
Dive deep into this comprehensive guide on Types of Bonds
STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
Yield (YTC)
Principal Amount
Accrued Interest from
Select the number of units below
BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE381Y08029 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 8.40% Indiafirst Life Insurance Company 24 Mar 2032 |
| Credit Rating |
|---|
| AA Stable by CARE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 8.400000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 24/03/2027 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Principal Amount |
|---|
| ₹NaN |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹NaN |
| Price |
|---|
| ₹NaN |
| Yield |
|---|
| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
