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IndiaFirst Group Term Plan

IndiaFirst Group Term Plan

When you care for those who are no less than family

Life cover option

  • Life cover benefit available for your group at affordable rates

Voluntary or automatic schemes

  • Members can opt for voluntary or automatic schemes

Sum assured paid through nominee

  • Sum assured paid through Master policyholder to nominee

Amplify your cover

  • Amplify your cover with the Employee Deposit Linked Insurance (EDLI)

Flexibility to choose premium paying frequencies

  • Flexibility to choose between three premium paying frequencies, namely - monthly, six-monthly, and yearly

Liberty to add new members

  • Liberty to add new members during the plan year

Tax benefits

  • Avail tax benefits under Section 80 C and Section 10 (10D) as per prevailing Income Tax Laws.
Age at Entry (For Non-Employer Employee group)
Entry Age Years
Minimum 14 years
Maximum 85 years
Age at Entry (For Employer Employee group)
Entry Age Years
Minimum 18 years
Maximum 85 years
Age at Maturity
Age at maturity Years
Minimum NA
Maximum 86 years
Group Size
Group Size Count
Minimum 50 members (Under Group Term Assurance in lieu of EDLI - 20 members)
Maximum NA

DISCLAIMER

"Bank of Baroda is authorized by the Insurance Regulatory and Development Authority to act as a Corporate Agent from 01.04.2019 to 31.03.2022 for procuring or soliciting insurance business of Life Insurance & General Insurance under Registration Code CA0004"

The contract of insurance is between the Insurer and the Insured; and not between the Bank and the Insured

Insurance is the subject matter of solicitation.

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