The Sahara Pariwar's latest foray is in the field of Life Insurance. The Pariwar's life insurance company - Sahara India Life Insurance Company Ltd.- has been granted licence by the insurance regulator IRDA on 6th February 2004. With this approval Sahara India Life Insurance Company Ltd. becomes the first wholly and purely Indian company, without any foreign collaboration to enter the Indian Life insurance market. The launch is with an initial paid up capital of 157 crores. The Chairman of the company is Shri Subrata Roy Sahara who is also the Chairman of Sahara Pariwar.