Get ₹ 1 Cr. Life Cover @ 803#/month
IndiaFirst Life Plan
#PromotedByBankOfBaroda
(Non-Linked, Non-Participating, Pure Term Insurance Plan)
to 50 Cr
Premium Not Paid*
Benefits**
Key benefits of
IndiaFirst Life Plan
#PromotedByBankOfBaroda
In this fast-paced world, we need the easiest and smartest solution to meet the needs of our near and dear ones. Our IndiaFirst Life plan is one such solution which ensures that you meet all of them and that your absence does not make your loved ones feel dependent and vulnerable.
Life cover up to
₹ 50 crore
Your family is protected in case of the untimely death of the life assured. You can choose a life cover between ₹ 1 lakhs and ₹ 50 crore depending on your requirement.
Life Cover up
to 40 Years
Avail the benefits of choosing your own term from 5 years to 40 years at very reasonable prices.
Flexible premium payment options
Pay your premiums monthly, quarterly, six-monthly, annually, or as a lump sum payment (single premium).
Tax* benefits
You can avail tax benefits on the premiums paid under section 80C and death benefits under 10(10D) of the Income Tax Act, 1961.
Convenience of
reviving your plan
If you are unable to pay your premiums due to any hindrance, you can revive your plan within 5 years from the due date of the first unpaid premium.
How does the
IndiaFirst Life plan work?
#PromotedByBankOfBaroda
Vikas Rai
Swati Mishra
40 years
Vikas, married with 2 kids, buys a term plan of ₹ 2 crore cover for 20 years
Vikas pays an annual premium of ₹ 41,740 for 18 years
40 to 58
years
59 years
Vikas passes away due to unfortunate events during the policy term
She gets the death benefit as a lumpsum amount of ₹ 2 crore
Vikas's wife
40 years
Swati, a single mother, buys a term plan of ₹ 1 crore cover for 30 years
Swati pays an annual premium of ₹ 13,090 for 20 years
40 to 60
years
61 years
Swati passes away during the policy term
She gets ₹ 1 crore as a lumpsum amount
Swati's daughter
How To Buy
IndiaFirst Life Plan Online
#PromotedByBankOfBaroda
STEP 1
Enter your details
Enter some basic details like name, mobile number, and the person for whom you want to buy the plan.
STEP 2
Choose the
sum assured
Choose from a life cover between ₹ 1 lakh & ₹ 50 crore depending on your requirement.
STEP 3
Make
payment
Choose any online mode of payment to invest in this plan and the policy will be issued to you.
Why choose IndiaFirst Life?
#PromotedByBankOfBaroda
Partnered with India's second largest PSU
Bank of Baroda
Number of
Lives Insured
1.4 Cr.
Claim Settled Ratio
98.04%
(Individual Death Claim for FY 23-24)
Bank Branches
Across India
8.4K +
Awards & Recognition
INDIA'S BEST
WORKPLACESTM
IN BFSI - 2023
THE ECONOMIC
TIMES BEST
BRANDS – 2021
TOP 100 | INDIA'S
BEST WORKPLACES
FOR WOMEN
Explore IndiaFirst Life Plan
#PromotedByBankOfBaroda
Eligibility Criteria
#PromotedByBankOfBaroda
Age
Parameter
- Minimum
- Maximum
| Parameter | Age at Entry | Age at maturity |
| Minimum | 18 Years | 70 Years |
| Maximum | 60 Years |
Age at Entry
- 18 Years
- 60 Years
Age at maturity
- 70 Years
Policy Term
| Parameter | Minimum | Maximum |
| Single pay | 5 Years | 40 Years |
Parameter
- Single pay
Minimum
- 5 Years
Maximum
- 40 Years
Annualized Premium
| Parameter | Details |
| Regular Premiums | Monthly, six monthly, & yearly |
| Single Premiums | Onetime payment only |
Parameter
- Regular Premiums
- Single Premiums
Details
- Monthly, six monthly, & yearly
- Onetime payment only
FAQs: Answers to your queries
#PromotedByBankOfBaroda
IndiaFirst Life Plan is a pure protection plan which offers an insurance cover on your life. The plan secures your family members/ loved ones in case of life assured's demise.
| Regular Premium | Single Premium |
|---|---|
| 5 to 40 years | 5 to 40 years |
This plan may include the 'Life Assured', the 'Policyholder', the 'Nominee(s)' and the 'Appointee'.
Who is a Life Assured'?:
Life assured is the person, on whose life the plan depends. The plan ends and the benefit is paid out on the life assured's death Any Indian citizen can be the life assured, subject to -
| Minimum age at the time of applying for the plan | Maximum age at the time of applying for the plan | Maximum age at end of the plan term |
|---|---|---|
| 18 years as on the last birthday | 60 years as on the last birthday | 80 years as on the last birthday |
Who is a Policyholder?
A Policyholder is the person who holds the plan. The Policyholder may or may not be the life assured. A Policyholder must be at least 18 years old while applying for the plan. You can choose a nominee under than plan if you and the life assured are the same.
Who is a Nominee(s)?
A nominee(s) is the beneficiary under the plan who receives the death benefit in case of the life assured's demise. The nominee(s) is appointed by you, the policyholder. The nominee(s) can even be a minor (i.e. below 18 years of age).
Who is the Appointee?
An appointee is the person you can nominate at the time of buying the plan in case your nominee(s) is a minor. The appointee receives the benefits under the plan and holds the same till the nominee(s) attains 18 years of age.
| Regular premium | Single Premium |
|---|---|
| Monthly (through ECS or Direct Debit), six monthly yearly | Onetime payment only |