Abstract: An inflatable life raft assembly is disclosed, including a deployable and inflatable life raft that a user can voluntarily and repeatedly deploy from a storage carrier, inflate for use, and fold back into the container after use. The carrier is integrally formed with or permanently attached to the inflatable life raft. A compressed gas cylinder and/or manual inflator or pump can assist the user in inflating the life raft. The storage carrier can automatically open when the life raft inflates, by pressure exerted from within the carrier by the expanding life raft. The inflatable life raft can include one or more gas impervious chambers, such as two or more communicated or isolated air chambers.