IndiaFirst Life Insurance Company Limited (IndiaFirst Life), promoted by Bank of Baroda and Union Bank of India has introduced IndiaFirst Life Saral Bachat Bima Plan, a savings and protection cover for the entire family. This non-linked, non-participating, individual, limited premium policy provides a shorter pay commitment of five or seven years while keeping you and your entire family protected for 12 or 15 years.
IndiaFirst Life claims that the Saral Bachat Bima Plan is a competitively priced plan that helps in saving for future financial needs. It secures family’s future of the plan holder in case of an unfortunate event. Furthermore, it offers Sum Assured on Maturity plus accrued guaranteed additions on the date of maturity. Tax benefits can be availed as per prevailing Income Tax Laws. Rushabh Gandhi, Deputy CEO, IndiaFirst Life Insurance Company Limited said, “In line with our #CustomerFirst ideology, we are delighted to launch IndiaFirst Life Saral Bachat Bima Plan. This bespoke simplified product offers dual benefit of protection and savings.”
