A latch-up free insulated gate transistor includes an anode region electrically connected to an anode contact, a first base region on the anode region, a second base region on the first base region, connected to a cathode contact, an insulating region on the second base region and a field effect transistor on the insulating region, electrically connected between the cathode contact and the first base region. The field effect transistor provides an electrical connection between the first base region and the cathode contact in response to a turn-on bias signal. The insulating region prevents electrical conduction between the second base region and the field effect transistor and, in particular, suppresses minority carrier injection from the second base region to the source of the field effect transistor which is electrically connected to the cathode contact. The prevention of minority carrier injection reduces the likelihood of parasitic latch-up by cutting-off the regenerative P-N-P-N path that would otherwise exist between the anode and cathode. The insulating region is selected from the group consisting of SiO.sub.2, Si.sub.3 N.sub.4, Al.sub.2 O.sub.3 and MgAl.sub.2 O.sub.4 and is preferably formed using SIMOX processing techniques.