Meerut: IndiaFirst Life Insurance Company Limited (IndiaFirst Life), promoted by Bank of Baroda and Union Bank of India, today announced the launch of IndiaFirst Life Guaranteed Protection Plan. This non-linked, non-participating term insurance policy will protect your loved ones from the uncertainties of life by providing a financially secure and prosperous future.
IndiaFirst Life Guaranteed Protection Plan is a comprehensive product presentation with seven plan options. Customers can choose any option to suit their needs. This term insurance policy is specially designed to provide financial assistance to the insured and his / her loved ones in case of Accidental Total Permanent Disability (ATPD), Critical Illness (CI), Death and Accidental Death (ADB), Degenerative Disease or Terminal Illness (TI). Is designed from Further, the insured can avail the benefits of this policy in lumpsum or in lumpsum and level / rising income as per the payout option chosen.
Vikramaditya Singh Khichi, director of IndiaFirst Life Insurance Company Limited and executive director of Bank of Baroda, said, “IndiaFirst Life is our own life insurance company. It offers a wide range of practical life insurance products for every category. We will continue to provide long term and sustainable benefits to our customers by providing the best products at competitive prices. We are confident that the IndiaFirst Life Guaranteed Protection Plan will cater to the insurance needs of Bank of Baroda’s steadily growing clientele. Through this comprehensive term insurance product, we want to fulfill the promise made to our customers and provide financial security to their loved ones. IndiaFirst Life Guaranteed Protection Plan shows our commitment to meet the needs of our customers. ”
The plan also provides the flexibility to extend life cover without any additional underwriting on occasions of life such as marriage, taking home loans, childbirth / legal adoption. The Assured Sum increases every year with the option of Life Plus, so that you can be adequately protected in view of your increasing financial needs as inflation increases. People will get tax benefits on premiums paid and benefits received as per the current income tax laws.
IndiaFirst Life will provide services to various customer segments with a diversified collection of 39 need-based (products and riders) products and expand investment opportunities by using wide distribution capabilities. The company serves customers in 98 percent of the country’s PIN codes.
#IndiaFirst #Life #presents #kind #guaranteed #protection #plan #innovative #coverage #options