Insurance

IndiaFirst Life Elite Term Plan

A regular-premium pure term plan offering life cover up to age 99 with lump-sum or five-year instalment death-benefit options.

Policy typeNon-linked, non-participating individual pure term life insurance InsurerIndiaFirst Life Insurance Company Limited Entry ageMinimum entry age 18 years; maximum entry age 65 years.

Official product page ↗Compare category

✓ Manually checked 30 Aug 2026 · active

Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

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 typeNon-linked, non-participating individual pure term life insuranceView source

The official page explicitly classifies the policy as non-linked, non-participating, regular-premium pure term insurance.

Source: IndiaFirst Life Elite Term Plan
Page / section: Fees and charges
Accessed: 20 Aug 2026
Confidence: high

Open official source ↗

InsurerIndiaFirst Life Insurance Company LimitedView source

The official product identity identifies IndiaFirst Life.

Source: IndiaFirst Life Elite Term Plan
Page / section: Product identity
Accessed: 20 Aug 2026
Confidence: high

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Entry ageMinimum entry age 18 years; maximum entry age 65 years.View source

Minimum entry age 18 years; maximum entry age 65 years.

Source: IndiaFirst Life Elite Term Plan
Page / section: Eligibility criteria
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

Policy term5 to 81 years.View source

5 to 81 years.

Source: IndiaFirst Life Elite Term Plan
Page / section: Eligibility criteria
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

Sum assuredFrom ₹50 lakh; no maximum limitView source

The official page gives ₹50 lakh as the minimum and no maximum.

Source: IndiaFirst Life Elite Term Plan
Page / section: Eligibility criteria
Accessed: 20 Aug 2026
Confidence: high

Open official source ↗

Minimum premium₹270 monthly; ₹803 quarterly; ₹1,587 half-yearly; ₹3,100 yearlyView source

The official page lists payment-mode minimum premiums.

Source: IndiaFirst Life Elite Term Plan
Page / section: Eligibility criteria
Accessed: 20 Aug 2026
Confidence: high

Open official source ↗

Death benefit payoutLump sum or monthly instalments over 5 yearsView source

The page allows lump-sum death benefit or monthly instalments over five years.

Source: IndiaFirst Life Elite Term Plan
Page / section: Benefits and features
Accessed: 20 Aug 2026
Confidence: high

Open official source ↗

Maximum coverage ageLife cover may continue up to age 99 years.View source

Life cover may continue up to age 99 years.

Source: IndiaFirst Life Elite Term Plan
Page / section: Benefits and features
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

Death-benefit payout optionsDeath benefit can be paid as a lump sum or as monthly instalments over 5 years.View source

Death benefit can be paid as a lump sum or as monthly instalments over 5 years.

Source: IndiaFirst Life Elite Term Plan
Page / section: Benefits and features
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

Tax treatmentTax benefits on premiums paid and sum assured are subject to prevailing tax laws.View source

Tax benefits on premiums paid and sum assured are subject to prevailing tax laws.

Source: IndiaFirst Life Elite Term Plan
Page / section: Benefits and features
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

Maximum age at maturity99 years.View source

99 years.

Source: IndiaFirst Life Elite Term Plan
Page / section: Eligibility criteria
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

Premium payment termRegular premium; premiums are paid for the same duration as the policy term.View source

Regular premium; premiums are paid for the same duration as the policy term.

Source: IndiaFirst Life Elite Term Plan
Page / section: Eligibility criteria
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

Premium payment modesMonthly, quarterly, half-yearly or yearly.View source

Monthly, quarterly, half-yearly or yearly.

Source: IndiaFirst Life Elite Term Plan
Page / section: Eligibility criteria
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

Minimum sum assured₹50 lakh.View source

₹50 lakh.

Source: IndiaFirst Life Elite Term Plan
Page / section: Eligibility criteria
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

Minimum premium by frequency₹270 monthly; ₹803 quarterly; ₹1,587 half-yearly; ₹3,100 yearly.View source

₹270 monthly; ₹803 quarterly; ₹1,587 half-yearly; ₹3,100 yearly.

Source: IndiaFirst Life Elite Term Plan
Page / section: Eligibility criteria
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

Policy classificationNon-linked, non-participating, individual pure term insurance with regular premiums.View source

Non-linked, non-participating, individual pure term insurance with regular premiums.

Source: IndiaFirst Life Elite Term Plan
Page / section: Fees and charges
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

Bank distribution disclosureBank of Baroda acts as corporate agent; the insurer underwrites the policy, the contract is between insurer and insured, and purchase is voluntary.View source

Bank of Baroda acts as corporate agent; the insurer underwrites the policy, the contract is between insurer and insured, and purchase is voluntary.

Source: IndiaFirst Life Elite Term Plan
Page / section: Terms and conditions
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

Applicable time-bound exclusionNo health waiting period is stated for this pure term plan. If death is due to suicide within 12 months from commencement of risk (or from revival, as applicable), the nominee receives 80% of total premiums paid to date or the available surrender value, whichever is higher, provided the policy is in force.View source

The brochure states that in case of death due to suicide within 12 months from commencement of risk or revival, 80% of total premiums paid or the surrender value, whichever is higher, is payable if the policy is in force.

Source: IndiaFirst Life Elite Term Plan brochure ( 143N070V01)
Page / section: Page 5 — suicide clause
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Key exclusions and non-paymentsThe brochure's suicide clause applies for the first 12 months from commencement of risk or revival, with the 80% premium/surrender-value payment described in the waitingPeriod fact. The plan has no surrender value, no maturity or survival benefit, and no loan facility; other exclusions and claims conditions are governed by the issued policy wording.View source

The brochure states no maturity or survival benefit, no surrender value and no loan facility; the suicide clause is printed on page 5.

Source: IndiaFirst Life Elite Term Plan brochure ( 143N070V01)
Page / section: Pages 4-5 — maturity, surrender, loan and suicide terms
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Geographic limitsLump sum or monthly instalments over 5 yearsView source

The manually reviewed product record states: “Lump sum or monthly instalments over 5 years”.

Source: IndiaFirst Life Elite Term Plan — official product page
Page / section: Published product metadata
Accessed: 21 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

Lump sum or monthly instalments over 5 years

Eligibility

Entry age 18–65 years
Maturity age up to 99 years
Policy term 5–81 years
Regular premium is payable through the policy term
Minimum sum assured ₹50 lakh; no maximum limit stated

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

Normal insurer proposal, and underwriting documents; consult the insurer brochure for the applicable evidence requirements

Try the numbers

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Life-cover needs estimate

See whether your current cover and savings may leave a gap for your family. This does not calculate an insurance premium.

Yearly household income to replaceThe income your family may need to replace.₹ten lakh rupees₹1,00,000₹1,00,00,000Years of income neededHow long your family may need that replacement income. years1 years30 yearsLoans still to be paidHome loans and other debts the cover may need to clear.₹twenty lakh rupees₹0₹5,00,00,000Cover and savings already availableExisting life cover and money already set aside for the family.₹five lakh rupees₹0₹5,00,00,000

Possible cover gap₹1,15,00,000one crore fifteen lakh rupees

Income your family may need₹1,00,00,000one crore rupees

Cover and savings already counted₹5,00,000five lakh rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Condition

Suicide within first 12 months · Published rule80% of premiums paid to date or available surrender value, whichever is higher, subject to the brochure clause

This value is copied from IndiaFirst Life Elite Term Plan — time-bound conditions. Check the table notes before relying on it.

Source: IndiaFirst Life Elite Term Plan brochure ( 143N070V01) · Pages 4-5 — policy conditions Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 6 rows · 2 columnsIndiaFirst Life Elite Term Plan — time-bound conditionsKey conditions transcribed from the official brochure for the product page.View tableHide table

Scroll sideways to view every column

IndiaFirst Life Elite Term Plan — time-bound conditions
Condition	Published rule
Suicide within first 12 months	80% of premiums paid to date or available surrender value, whichever is higher, subject to the brochure clause
Maturity / survival	No maturity or survival benefit
Surrender	No surrender value
Loan	Loan facility is not available
Free-look cancellation	30 days from receipt of policy document; refund is reduced by the listed risk, medical and stamp-duty amounts
Premium grace period	30 days for yearly, half-yearly and quarterly modes; 15 days for monthly mode

The issued policy wording controls claims and any additional exclusions.

IndiaFirst Life Elite Term Plan brochure ( 143N070V01) · Pages 4-5 — policy conditions · accessed 29 Aug 2026Open official source ↗

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IndiaFirst Life Elite Term Plan

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Life-cover needs estimate

Find the exact published value

Complete rates, limits and schedules

Related products

Accident Care Individual Insurance Policy

Arogya Sanjeevani Policy - National

Auto Secure Private Car Package Policy - TATA AIG

Auto Secure Two-Wheeler Package Policy - TATA AIG