new delhi indiafirst life insurance a joint venture between bank of baroda and andhra bank along with the uks leading risk wealth and investment company legal general on wednesday announced the opening of its first financial planning centre fpc in chennai the centre was inaugurated by dr p nandagopal managing director ceo indiafirst life insurance the company will offer its entire range of services including new business application processing policy servicing request processing advisor licensing processing advisor sales training claim intimation processing and document collection and record management for business applicationsour financial planning centers are one more step towards moving closer to our customers both potential as well as existing we are sure that these fpcs will help take our service standards to the next level said dr nandagopal while this is the first fpc in tamil nadu the company has been present in the state through close to 250 outlets of its partner banks we aim to reach out to a wider set of customers through our alternate channel we expect to enhance our overall profitability and cost efficiency while building a stronger connect with our customers through the launch of our alternate channel and fpcs added dr nandagopal there will be nearly 1000 advisors attached to each fpc along with indiafirst employees the advisor lounge would be used by advisors and customers to complete their transactions customers can also visit the fpc to meet the companys relationship managers and analyze their overall financial plans the company has generated approximately rs 25 crores through their bancassurance model in the last 500 days of operations from tamil nadu with the launch of the fpc the company expects its advisors to contribute 30 40 percent of the business over a period of 34 years the company proposes to set up such fpcs across important cities in india