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IndiaFirst Life “INSURANCE KHATA” Plan

IndiaFirst Life “INSURANCE KHATA” Plan

Make Small Investments

  • One-time premium payment as low as Rs.500 up to Rs 15,000

Get Your Premium Back

  • All premiums will be returned on maturity, in case the policy owner survives the policy term

Flexibility to buy multiple single premium policies

  • Flexibility to buy multiple single premium policies through your Insurance Khata and boost the benefits

Death Benefit

  • A lump sum amount will be paid to the nominee/appointee / legal heir in the untimely event of the Life Assured's demise as per the following table:
Death Benefit Absolute amount assured on death

The absolute amount assured on death is the Sum Assured on death and will be determined on the basis of following table:

Age at Entry Policy Term
25 years to 50 years 10 7 5
Death Benefit 10*Single Premium 7*Single Premium 5*Single Premium

Maturity Benefit

  • In case of survival of the life assured till the end of the policy term, the policyholder stands to receive Guaranteed assured benefit on maturity, which is a return of all the premium he has paid, excluding service tax, if any

Tax Benefit

  • Tax benefits are available on premiums paid and benefits receivable as per prevailing Income Tax Laws
Age at Entry
Entry Age Years
Minimum 25 years as on last birthday
Maximum 50 years as on last birthday
Age at Maturity
Age at Maturity Years
Maximum 60 years as on last birthday

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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