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IndiaFirst Life Guaranteed Pension Plan (143N066V05)

IndiaFirst Life Guaranteed Pension Plan is the perfect solution for securing your retirement. Learn more about indiafirst guaranteed retirement plan to secure your future today.

InsurerIndiaFirst Life Insurance Company Limited.Premium payment term2 to 10 years for limited-pay optionsPremium₹50,000 minimum purchase premium; no fixed maximum is published and the payable amount depends on the annuity option and policy schedule.
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Quick eligibility check

IndiaFirst Life Guaranteed Pension Plan (143N066V05)

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: 45 to 80 years?

Published source: Entry age

2Does your age meet this requirement: Entry age is 45 to 80 years?

3Do you meet this requirement: Minimum premium is ₹50,000 with no maximum subject to the annuity amount?

4Do you meet this requirement: Minimum annuity is ₹12,000 yearly, ₹6,000 half-yearly, ₹3,000 quarterly or ₹1,000 monthly?

5Do you meet this requirement: Limited premium-paying terms are 2 to 10 years?

6Document checkDo you have at least one of these required documents: Completed proposal form and personal statement, together with any report or other document forming the basis of policy issuance?

7Document checkDo you have this required document or proof: Government-issued identity proof and an annual survival certificate before the next annuity anniversary?

8Document checkDo you have at least one of these required documents: For a death claim: signed claimant statement/intimation, QR-code death certificate, original policy, PAN or Form 60, photo identity/address proof, bank passbook and cancelled cheque?

9Document checkDo you have this required document or proof: For an unnatural-death claim: MLC/FIR/Panchnama/inquest/final viscera/post-mortem reports and related hospital records where applicable?

0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
IndiaFirst Life Guaranteed Pension Plan official Bank of Baroda banner
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 typeIndiaFirst life insurance product; the exact plan is identified in the product title and policy document (retirement/annuity, savings, protection or unit-linked plan as applicable).View source
Each linked official brochure, customer information sheet or policy document identifies IndiaFirst Life as the life insurer; the plan-specific benefits remain in the product facts and tables.
Source
IndiaFirst Life official product documents
Page / section
Product title, policy schedule and insurer identification
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
InsurerIndiaFirst Life Insurance Company Limited.View source
The linked official IndiaFirst Life policy documents identify IndiaFirst Life Insurance Company Limited as the insurer.
Source
IndiaFirst Life official product documents
Page / section
Insurer name on the linked policy/brochure documents
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Premium payment term2 to 10 years for limited-pay optionsView source
The official page publishes limited premium payment terms from 2 to 10 years.
Source
IndiaFirst Life Guaranteed Pension Plan (143N066V05)
Page / section
Premium payment term
Accessed
20 Aug 2026
Confidence
high
Open official source ↗
Premium₹50,000 minimum purchase premium; no fixed maximum is published and the payable amount depends on the annuity option and policy schedule.View source
The current page lists a ₹50,000 minimum purchase premium and says the maximum is not fixed, subject to the annuity amount.
Source
IndiaFirst Life Guaranteed Pension Plan — Bank of Baroda official product page
Page / section
Eligibility Criteria and Features
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum annuityNo fixed maximum; depends on the annuity amount purchasable under the policyView source
The page does not publish a fixed maximum annuity.
Source
IndiaFirst Life Guaranteed Pension Plan (143N066V05)
Page / section
Annuity
Accessed
20 Aug 2026
Confidence
high
Open official source ↗
Guaranteed Pension plan typeIndiaFirst Life Guaranteed Pension Plan (UIN 143N066V05) is a non-linked, non-participating, individual savings deferred-annuity plan with five annuity options and lifetime guaranteed income.View source
The official overview identifies the plan type, and five-option annuity structure.
Source
IndiaFirst Life Guaranteed Pension Plan (143N066V05)
Page / section
Overview / Features
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Guaranteed Pension eligibilityEntry age is 45 to 80 years. Minimum premium is ₹50,000 with no maximum subject to the annuity amount. Minimum annuity is ₹12,000 yearly, ₹6,000 half-yearly, ₹3,000 quarterly or ₹1,000 monthly. Limited premium-paying terms are 2 to 10 years; the policy term is whole life.View source
The official Eligibility Criteria section publishes age, premium, annuity, payment-term and whole-life rules.
Source
IndiaFirst Life Guaranteed Pension Plan (143N066V05)
Page / section
Eligibility Criteria
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Annuity payment frequenciesAnnuity income can be paid monthly, quarterly, half-yearly or yearly. The plan can be purchased online and includes an escalating-life-annuity option.View source
The official Features section lists payment frequencies and online purchase.
Source
IndiaFirst Life Guaranteed Pension Plan (143N066V05)
Page / section
Features
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Guaranteed Pension death-benefit optionsDepending on the chosen annuity option, the policy may return 100% of purchase price to nominees/legal heirs on death, continue full benefits for a second annuitant under joint life, or pay premiums/purchase price under the specified death or critical-illness option; the policy terminates where the option says so.View source
The official benefit table and Features section describe the death, joint-life and critical-illness options.
Source
IndiaFirst Life Guaranteed Pension Plan (143N066V05)
Page / section
Benefits / Features
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Entry age45 to 80 yearsView source
The official eligibility table publishes the entry-age range.
Source
IndiaFirst Life Guaranteed Pension Plan (143N066V05)
Page / section
Eligibility Criteria
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Cover / death benefitThis deferred-annuity plan does not use a single fixed sum-insured amount. During the deferment or premium-paying period, death benefit is 105% of total premiums paid for single life (and for the second death in joint life). Under the return-of-purchase-price options after deferment, 100% of the purchase price or total premiums paid is payable as specified by the selected annuity option.View source
The brochure specifies 105% of total premiums paid for death during deferment and 100% purchase-price/total-premium returns for the relevant return-of-purchase-price options.
Source
IndiaFirst Life Guaranteed Pension Plan brochure ( 143N066V05)
Page / section
Pages 3–4, annuity option table and death-benefit notes
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Key exclusionsSuicide exclusion applies only to a deferred annuity during the deferment period. If the annuitant (or last survivor in joint life) dies by suicide within 12 months of commencement of risk or latest revival, the higher of 80% of total premiums paid or surrender value is payable if the policy is in force; the clause does not apply during the annuity period. Critical-illness benefits also apply only to the policy's defined 20 illnesses and their stated disease-specific exclusions.View source
The brochure lists disease-specific exclusions for each covered critical illness and expressly limits the 12-month suicide clause to the deferment period.
Source
IndiaFirst Life Guaranteed Pension Plan brochure ( 143N066V05)
Page / section
Pages 5–8, critical-illness exclusions; Page 14, question 19: suicide exclusion
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Policy chargesNo charges are applicable under the reviewed non-linked, non-participating deferred-annuity plan.View source
The brochure's charges section states that no charges are applicable under this plan.
Source
IndiaFirst Life Guaranteed Pension Plan — official brochure
Page / section
Charges and fees
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Free-look period30 days from receipt of the policy document; the policy document provides for refund processing within 7 days after permitted deductions.View source
The policy wording sets a 30-day free-look window and a seven-day refund-processing timeline after deductions.
Source
IndiaFirst Life Guaranteed Pension Plan — policy document
Page / section
Free-look period and refund
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Claim requirementsClaims require written intimation and a signed claimant statement, QR-code death certificate, original policy, PAN/Form 60, photo identity and address proof, bank passbook and cancelled cheque. Unnatural-death claims may additionally require MLC/FIR/Panchnama/inquest/final viscera/post-mortem and hospital records.View source
The claim checklist in the policy wording lists the claimant statement, death certificate, original policy, and bank-account evidence and additional unnatural-death reports where applicable.
Source
IndiaFirst Life Guaranteed Pension Plan — policy document
Page / section
Pages 14–16, Death claim and survival certificate
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Survival certificateFor an annuity continuing during the annuitant's lifetime, a survival certificate must be submitted every year before the next annuity anniversary; payment can stop until it is received.View source
The policy requires an annual survival certificate before the next annuity anniversary and allows payments to be held until submission.
Source
IndiaFirst Life Guaranteed Pension Plan — policy document
Page / section
Page 16, Survival certificate
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsNo fixed maximum; depends on the annuity amount purchasable under the policyView source
The manually reviewed product record states: “No fixed maximum; depends on the annuity amount purchasable under the policy”.
Source
IndiaFirst Life Guaranteed Pension Plan (143N066V05) — official product page
Page / section
Published product metadata
Accessed
20 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • No fixed maximum
  • depends on the annuity amount purchasable under the policy

Eligibility

  • Entry age is 45 to 80 years. Minimum premium is ₹50,000 with no maximum subject to the annuity amount. Minimum annuity is ₹12,000 yearly, ₹6,000 half-yearly, ₹3,000 quarterly or ₹1,000 monthly. Limited premium-paying terms are 2 to 10 years
  • the policy term is whole life.

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

Documents the bank lists

  • Completed proposal form and personal statement, together with any report or other document forming the basis of policy issuance.
  • Government-issued identity proof and an annual survival certificate before the next annuity anniversary.
  • For a death claim: signed claimant statement/intimation, -code death certificate, original policy, or Form 60, photo identity/address proof, bank passbook and cancelled cheque.
  • For an unnatural-death claim: MLC//Panchnama/inquest/final viscera/post-mortem reports and related hospital records where applicable.

Related official documents

IndiaFirst Life Guaranteed Pension Plan — Bank of Baroda official product pageofficial-product-page · current · accessed 30 Aug 2026
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IndiaFirst Life Guaranteed Pension Plan brochure (UIN 143N066V05)official-brochure · current · accessed 29 Aug 2026
↗
IndiaFirst Life Guaranteed Pension Plan policy documentpolicy-wording · current · accessed 29 Aug 2026
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Plan before applying

Try the numbers

Private, instant and based on the values you enter.

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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.

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.

Use the published table

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.

Life Annuity · Survival benefitLifetime annuity; single or joint life

This value is copied from Guaranteed Pension annuity options and death benefits. Check the table notes before relying on it.

Source: IndiaFirst Life Guaranteed Pension Plan brochure ( 143N066V05) · Pages 3–4, question 3: annuity options and benefits Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 5 rows · 3 columnsGuaranteed Pension annuity options and death benefitsCondensed transcription of the brochure's five-option benefit table; detailed conditions remain in the source document.View tableHide table

Scroll sideways to view every column

Guaranteed Pension annuity options and death benefits
OptionSurvival benefitDeath / critical-illness benefit
Life AnnuityLifetime annuity; single or joint lifeNo death benefit after annuity starts; joint life continues for the second annuitant
Life Increasing AnnuityAnnuity increases 5% simple annually after 20 yearsNo death benefit after annuity starts
Life Annuity with Return of Purchase Price on DeathLifetime annuity100% purchase price to nominee; joint-life return on second death
Life Annuity with Return of Purchase Price on Death or Critical IllnessAnnuity until earlier death or covered critical illness100% purchase price on earlier death/critical illness
Life Annuity with Return of Purchase Price on Death or Instalment on Survival20% of total premiums every 5th year from 20th annuity year, capped at 100%Purchase price less survival instalments on death
  • During deferment, death benefit is 105% of total premiums paid for single life; joint-life treatment follows the brochure's notes.
IndiaFirst Life Guaranteed Pension Plan brochure ( 143N066V05) · Pages 3–4, question 3: annuity options and benefits · accessed 29 Aug 2026Open official source ↗
Table 2 · 7 rows · 2 columnsGuaranteed Pension — eligibility, premium and annuity minimumsAge, premium, annuity, payment-term and frequency rows transcribed from the current product page.View tableHide table

Scroll sideways to view every column

Guaranteed Pension — eligibility, premium and annuity minimums
CriteriaPublished value
Entry age45–80 years
Minimum purchase premium₹50,000; no fixed maximum subject to annuity amount
Minimum annuity — yearly / half-yearly₹12,000 / ₹6,000
Minimum annuity — quarterly / monthly₹3,000 / ₹1,000
Premium-paying term2–10 years
Annuity frequenciesMonthly, quarterly, half-yearly or yearly
Policy termWhole life
  • The plan page describes five annuity options; the insurer brochure and policy document control option-specific death and return-of-purchase-price conditions.
IndiaFirst Life Guaranteed Pension Plan — Bank of Baroda official product page · Eligibility Criteria, Features and Annuity options · accessed 30 Aug 2026Open official source ↗

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