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Sahara India Life Insurance
Sahara India Life Insurance is a life insurance company based in Lucknow, India. It manages approximately $177.15 million in assets, primarily in Asia.
Sahara India Life Insurance
Sahara India Life Insurance is a life insurance company based in Lucknow, India. It manages approximately $177.15 million in assets, primarily in Asia.
General information
Firm type
Insurance
Year founded
2004
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Lucknow
Corporate office
Sahara India Centre, 2, Kapoorthala Complex, Lucknow, Uttar Pradesh, 226024, India
Principals
Subrata Roy
Founder
Altss tracks 5 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs Sahara India Life Insurance now?
The firm is currently run by an administrator appointed by IRDAI on 2 June 2023, superseding the board and management. Before that, Subrata Roy was the central figure, supported by director O.P. Srivastava and Roy’s sons Seemanto and Sushanto as executive directors. Roy died in November 2023.
What happened to Sahara India Life’s policyholders?
Under the June 2023 IRDAI order, all policyholder assets and liabilities were transferred to SBI Life Insurance. The regulator took this step citing concerns about the firm’s ability to meet policyholder obligations; SBI Life now administers the book.
Does Sahara India Life still operate as an insurer?
No. The administrator appointed by IRDAI handles only residual statutory functions, grievance redressal, and the orderly wind-down. The firm retains its registration number but is not writing new policies or managing an active general account.
What was Sahara India Life’s relationship to the wider Sahara India Pariwar group?
It was a wholly controlled entity within the Subrata Roy–founded Sahara group, which also held interests in real estate, media, and hospitality. The group’s Lucknow headquarters also served as the registered office of the insurer.
Is Sahara India Life Insurance structured as a family office or asset manager?
It was structured as a statutory life insurer, not a family office. Its capital was deployed against policyholder liabilities through Indian government securities and corporate bonds, with no disclosed external fund management or direct co-investment activity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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