Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Policy typeYearly renewable group term life insuranceView source
The official page describes the plan as yearly renewable group term insurance.
- Source
- IndiaFirst Group Term Plan
- Page / section
- Plan overview
- Accessed
- 20 Aug 2026
- Confidence
- high
InsurerIndiaFirst Life Insurance Company LimitedView source
The official product name identifies IndiaFirst Life.
- Source
- IndiaFirst Group Term Plan
- Page / section
- Product identity
- Accessed
- 20 Aug 2026
- Confidence
- high
Entry age18 to 85 years for employer-employee groups; 14 to 85 years for non-employer-employee groupsView source
Minimum entry age is 18 for employer-employee and 14 for non-employer-employee groups; maximum is 85.
- Source
- IndiaFirst Group Term Plan
- Page / section
- Eligibility
- Accessed
- 20 Aug 2026
- Confidence
- high
Illustrated premiumAnnual premium before GST ranges from ₹138 to ₹9,565 across the ₹1–₹5 lakh illustrations and age groups 18–34, 35–49, 50–59 and 60–70; the chart also publishes GST-inclusive values and joining-month adjustments.View source
The tables publish annual premiums before and after at 18% for each age band and sum-insured option; a separate schedule adjusts the premium for joining month and remaining coverage months.
- Source
- Rate Chart Annexure 30 07
- Page / section
- Pages 1–2 — premium before/after tables
- Accessed
- 28 Aug 2026
- Confidence
- high
Group eligibilityMinimum 10 members for employer-employee groups; 20 for EDLI; 50 for non-employer-employee groupsView source
The page specifies minimum group sizes by scheme type.
- Source
- IndiaFirst Group Term Plan
- Page / section
- Group size
- Accessed
- 20 Aug 2026
- Confidence
- high
Group term coverIndiaFirst Group Term Plan provides yearly renewable group life cover to Bank of Baroda savings-account customers and corporates, with voluntary or automatic enrolment, nominee payout through the master policyholder and the option to amplify cover with EDLI.View source
The official overview and features describe the group, renewal and enrolment structure.
- Source
- IndiaFirst Group Term Plan
- Page / section
- Overview / Benefits / Features
- Accessed
- 23 Aug 2026
- Confidence
- high
Premium frequencies and additionsMembers can pay premiums monthly, six-monthly or yearly, and new members may be added during the plan year.View source
The official Features section lists three premium frequencies and mid-year additions.
- Source
- IndiaFirst Group Term Plan
- Page / section
- Features
- Accessed
- 23 Aug 2026
- Confidence
- high
Group term age and sizeEntry age is 18 years for employer-employee groups and 14 years for non-employer-employee groups; maximum entry age is 85 years. Minimum group size is 10 for employer-employee groups, 20 for group term assurance in lieu of EDLI and 50 for non-employer-employee groups.View source
The official Eligibility table publishes the age and group-size thresholds.
- Source
- IndiaFirst Group Term Plan
- Page / section
- Eligibility
- Accessed
- 23 Aug 2026
- Confidence
- high
Illustrated sum insuredThe rate chart illustrates ₹1 lakh, ₹2 lakh, ₹3 lakh, ₹4 lakh and ₹5 lakh sum-insured options.View source
The official rate chart contains separate tables headed 1 Lac, 2 Lac, 3 Lac, 4 Lac and 5 Lac Sum Assured.
- Source
- Rate Chart Annexure 30 07
- Page / section
- Pages 1–2 — 1 to 5 Lac Sum Assured tables
- Accessed
- 28 Aug 2026
- Confidence
- high
Policy termIndiaFirst Group Term Plan is a yearly renewable term plan, available to members for one year from the date of issuance. Members joining during the plan year receive cover only for the balance period until the master plan renews.View source
The brochure calls the plan yearly renewable, states one year from issuance, and explains that mid-year entrants are covered for the balance of the plan year.
- Source
- IndiaFirst Group Term Plan — brochure
- Page / section
- Pages 3–5 — term, mid-year entry and grace period
- Accessed
- 29 Aug 2026
- Confidence
- high
Key exclusions and benefit conditionsThere is no maturity or survival benefit and no surrender or paid-up value. If a member dies by suicide within 12 months from the cover commencement date, the nominee receives 80% of premiums paid (excluding extra premium), rather than the full sum assured. Death benefits are otherwise payable only during the plan term after premium and underwriting conditions are met.View source
The brochure explicitly states no maturity benefit, no surrender/paid-up value and the 80% premium-return treatment for suicide within 12 months.
- Source
- IndiaFirst Group Term Plan — brochure
- Page / section
- Pages 3–6 — risk factors, maturity/surrender and suicide condition
- Accessed
- 29 Aug 2026
- Confidence
- high
Geographic limitsMinimum 10 members for employer-employee groups; 20 for EDLI; 50 for non-employer-employee groupsView source
The manually reviewed product record states: “Minimum 10 members for employer-employee groups; 20 for ; 50 for non-employer-employee groups”.
- Source
- IndiaFirst Group Term Plan — official product page
- Page / section
- Published product metadata
- Accessed
- 20 Aug 2026
- Confidence
- high
Benefits and features
- Minimum 10 members for employer-employee groups
- 20 for
- 50 for non-employer-employee groups
Eligibility
- Entry age is 18 years for employer-employee groups and 14 years for non-employer-employee groups
- maximum entry age is 85 years. Minimum group size is 10 for employer-employee groups, 20 for group term assurance in lieu of and 50 for non-employer-employee groups.
Passing a listed condition does not mean the bank will approve an application.
Related official documents
Group term life plan_Brochure_V05.cdrproduct-guide · current · accessed 15 Aug 2026
↗Rate Chart Annexure 30 07fees-and-charges-schedule · current · accessed 15 Aug 2026
↗IndiaFirst Group Term Plan — official rate chartrate-sheet · current · accessed 28 Aug 2026
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