IndiaFirst Life Insurance Company Limited has introduced the IndiaFirst Life Saral Bachat Bima plan to provide savings and protection cover to the whole family.
IndiaFirst Life Insurance Company Limited has introduced the IndiaFirst Life Saral Bachat Bima plan to provide savings and protection cover to the whole family. It is a limited premium, unlinked, non-participating, individual policy that offers a shorter salary commitment of five or seven years while protecting the insured and their entire family for 12 or 15 years.
IndiaFirst Life Saral Bachat Bima Plan aims to ensure the future of the family of the insured in the event of an unfortunate event. The plan also offers guaranteed annual add-ons, an additional first-year accidental death benefit, funeral coverage without medical tests, and fast treatment all under one roof.
The plan provides the sum assured at maturity plus the guaranteed additions accrued at the maturity date. Tax benefits may be granted in accordance with applicable income tax laws.
Commenting on the launch of the plan, Rushabh Gandhi, Deputy Managing Director, IndiaFirst Life Insurance Company Limited said, “In line with our Customer First ideology, we are delighted to launch IndiaFirst Life Saral Bachat Bima Plan. This simplified tailor-made product offers the double advantage of protection and economy. It is primarily designed for Regional Rural Bank (RRB) and Rural Branch customers who prefer simple and easy to understand products that can be used through a hassle-free “Saral” process.
IndiaFirst Life Insurance is promoted by Bank of Baroda and Union Bank of India.
Sanjeev Dobhal, CGM – Rural & Agri Banking, FI, RRB & RSETI, Bank of Baroda, said: “I am delighted that our partner IndiaFirst Life has created a hyper personalized and easy to understand product that meets the specific needs of our customers. rural / RRB. They can purchase the product through a streamlined OTC process, which takes care of their safety, security, and money needs. I am confident that through the IndiaFirst Life Saral Bachat Bima plan, the RRB business will grow exponentially.