# Sahara India Life Insurance

Sahara India Life Insurance is an Insurance based in Lucknow, India.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Lucknow, India
- **Region:** Asia
- **Address:** Sahara India Centre, 2, Kapoorthala Complex, Lucknow, Uttar Pradesh, 226024, India
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **Website:** saharalife.com
- **LinkedIn:** https://linkedin.com/company/sahara-india-life-insurance-company-limited

## Regulatory record

- **Reports private funds:** No

## About

Sahara India Life Insurance is a life insurance company based in Lucknow, India. It manages approximately $177.15 million in assets, primarily in Asia.

## Sectors

- Insurance

## People

- Subrata Roy — Founder

## 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.

## Related profiles

- [Saham Assurance](https://altss.com/profile/saham-assurance)
- [Sahel Capital](https://altss.com/profile/sahel-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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