India First Life Insurance, which is backed by Bank of Baroda, has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The company plans to raise funds through the IPO to support its growth and expansion plans. India First Life Insurance is a joint venture between Bank of Baroda, Andhra Bank, and Legal & General. The company offers a range of life insurance products, including term insurance, savings plans, and retirement plans. The IPO will provide an opportunity for investors to invest in the growing insurance sector in India and benefit from the potential growth opportunities in the industry. The exact timeline and size of the IPO are yet to be announced.