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-participating, non-linked individual savings life insuranceView source
The official page classifies this as an individual savings life policy.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Overview
- Accessed
- 20 Aug 2026
- Confidence
- high
InsurerIndiaFirst Life Insurance Company LimitedView source
The official product identity identifies IndiaFirst Life.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Product identity
- Accessed
- 20 Aug 2026
- Confidence
- high
Entry ageLumpsum option: 8 to 60 years; Income option: 4 to 55 years.View source
Lumpsum option: 8 to 60 years; Income option: 4 to 55 years.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Eligibility criteria
- Accessed
- 21 Aug 2026
- Confidence
- high
Policy and premium termLumpsum: 10 to 25 years; premium payment: 5, 6, 7, 8, 10 or 12 years; income variants: 5-5-5, 6-6-6, 7-7-7 or 7-8-6View source
The official page publishes policy-term, premium-term and income-variant schedules.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Eligibility criteria
- Accessed
- 20 Aug 2026
- Confidence
- high
Minimum sum assured₹5 lakh; no maximumView source
The official page publishes ₹5 lakh minimum and no maximum sum assured.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Eligibility criteria
- Accessed
- 20 Aug 2026
- Confidence
- high
Minimum premium₹50,000 yearly; ₹25,595 half-yearly; ₹12,950 quarterly; ₹4,350 monthlyView source
The official page lists payment-mode minimum premiums.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Eligibility criteria
- Accessed
- 20 Aug 2026
- Confidence
- high
BenefitsIncome or lump-sum option; death benefit in one payment or 5-year instalments; life cover continues for one year after one missed premium when the first two full annual premiums were paidView source
The page details benefit choices and the missed-premium continuity condition.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Benefits and features
- Accessed
- 20 Aug 2026
- Confidence
- high
Policy structureNon-participating, non-linked, individual savings life insurance policy.View source
Non-participating, non-linked, individual savings life insurance policy.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Overview
- Accessed
- 21 Aug 2026
- Confidence
- high
Benefit optionsChoose between Income Benefit and Lumpsum Benefit options.View source
Choose between Income Benefit and Lumpsum Benefit options.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Benefits and features
- Accessed
- 21 Aug 2026
- Confidence
- high
Death-benefit payoutDeath benefit is payable as a one-time payment or in instalments over 5 years.View source
Death benefit is payable as a one-time payment or in instalments over 5 years.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Benefits
- Accessed
- 21 Aug 2026
- Confidence
- high
Policy loan facilityThe policy includes a loan facility to support liquidity needs, subject to policy terms.View source
The policy includes a loan facility to support liquidity needs, subject to policy terms.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Overview and features
- Accessed
- 21 Aug 2026
- Confidence
- high
Missed-premium cover continuationLife cover continues for one full year after one missed premium, provided the first two full years' premiums have been paid.View source
Life cover continues for one full year after one missed premium, provided the first two full years' premiums have been paid.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Features
- Accessed
- 21 Aug 2026
- Confidence
- high
Tax treatmentTax benefits may apply to premiums paid and benefits received under prevailing tax laws.View source
Tax benefits may apply to premiums paid and benefits received under prevailing tax laws.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Features and disclaimer
- Accessed
- 21 Aug 2026
- Confidence
- high
Premium-payment terms5, 6, 7, 8, 10 or 12 years for both benefit options.View source
5, 6, 7, 8, 10 or 12 years for both benefit options.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Eligibility criteria
- Accessed
- 21 Aug 2026
- Confidence
- high
Lumpsum policy term10 to 25 years.View source
10 to 25 years.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Eligibility criteria
- Accessed
- 21 Aug 2026
- Confidence
- high
Income-benefit variants5-5-5, 6-6-6, 7-7-7 or 7-8-6, representing premium-payment term, gap period and income period.View source
5-5-5, 6-6-6, 7-7-7 or 7-8-6, representing premium-payment term, gap period and income period.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Eligibility criteria
- Accessed
- 21 Aug 2026
- Confidence
- high
Minimum sum assured₹5 lakh.View source
₹5 lakh.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Eligibility criteria
- Accessed
- 21 Aug 2026
- Confidence
- high
Minimum premium by frequency₹50,000 yearly; ₹25,595 half-yearly; ₹12,950 quarterly; ₹4,350 monthly.View source
₹50,000 yearly; ₹25,595 half-yearly; ₹12,950 quarterly; ₹4,350 monthly.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Eligibility criteria
- Accessed
- 21 Aug 2026
- Confidence
- high
Bank distribution disclosureBank of Baroda acts as a corporate agent; the insurer underwrites the product, the insurance contract is between insurer and insured, and purchase is voluntary.View source
Bank of Baroda acts as a corporate agent; the insurer underwrites the product, the insurance contract is between insurer and insured, and purchase is voluntary.
- Source
- IndiaFirst Life Guaranteed Benefit Plan
- Page / section
- Disclaimer
- Accessed
- 21 Aug 2026
- Confidence
- high
Waiting periodFor the POSP-LI channel, a 90-day waiting period from acceptance of risk applies. For a non-accidental death during those 90 days, the benefit is 100% of premiums paid; accidental death receives the entire death benefit. The sheet does not state this POSP-specific rule for other distribution channels.View source
The customer-information sheet states that the first 90 days apply under both options for the -LI channel, with different death-benefit treatment for accidental and non-accidental deaths.
- Source
- IndiaFirst Life Guaranteed Benefit Plan — Customer Information Sheet V09
- Page / section
- Page 1 — Waiting / lien period
- Accessed
- 29 Aug 2026
- Confidence
- high
Key exclusionsSuicide exclusion: if the life assured dies by suicide within 12 months of commencement of risk or revival, the nominee receives the higher of 80% of total premiums paid to the date of death or the surrender value available on that date, provided the policy is in force. The policy's waiting, lapse, paid-up and underwriting conditions also limit benefits as described in the policy document.View source
The sheet specifies the 12-month suicide exclusion and the higher-of-80%-premiums-or-surrender-value payment rule.
- Source
- IndiaFirst Life Guaranteed Benefit Plan — Customer Information Sheet V09
- Page / section
- Page 1 — Exclusions
- Accessed
- 29 Aug 2026
- Confidence
- high
Geographic limitsIncome or lump-sum option; death benefit in one payment or 5-year instalments; life cover continues for one year after one missed premium when the first two full annual premiums were paidView source
The manually reviewed product record states: “Income or lump-sum option; death benefit in one payment or 5-year instalments; life cover continues for one year after one missed premium when the first two full annual premiums were paid”.
- Source
- IndiaFirst Life Guaranteed Benefit Plan — official product page
- Page / section
- Published product metadata
- Accessed
- 21 Aug 2026
- Confidence
- high
Benefits and features
- Income or lump-sum option
- death benefit in one payment or 5-year instalments
- life cover continues for one year after one missed premium when the first two full annual premiums were paid
Eligibility
- Lumpsum option entry age 8–60 years; Income option entry age 4–55 years
- Premium payment terms are 5, 6, 7, 8, 10 or 12 years for both options
- Lumpsum policy term is 10–25 years
- Income variants are 5-5-5, 6-6-6, 7-7-7 or 7-8-6 (premium term–gap period–income period)
- Minimum sum assured ₹5 lakh; no maximum stated
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Normal insurer proposal, and underwriting documents; read the insurer brochure for full requirements
Related official documents
IndiaFirst Life Guaranteed Benefit Plan official product pageproduct-page · current · accessed 21 Aug 2026
↗IndiaFirst Life Guaranteed Benefit Plan — Customer Information Sheet V09customer-information-sheet · current · accessed 29 Aug 2026
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