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Insurance

IndiaFirst Life Saral Bachat Bima Plan

A non-linked, non-participating individual life savings policy with limited premium payments, guaranteed additions and life cover.

Policy typeLife insuranceInsurerIndiaFirst Life Insurance Company LimitedPolicy structureNon-linked, non-participating, individual life, limited-premium savings policy.
Official product page ↗Compare category

Quick eligibility check

IndiaFirst Life Saral Bachat Bima Plan

0 of 6 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.

1Does your age meet this requirement: Minimum entry age is 3, 6 or 46 years and maximum entry age is 45 or 50 years, depending on policy term and selected death benefit?

Published source: Entry age

2Does your age meet this requirement: Entry-age range depends on policy term and selected death benefit?

3Do you meet this requirement: the page lists minimum ages of 3, 6 or 46 years and maximum ages of 45 or 50 years?

4Does your age meet this requirement: Age at the end of the plan must be at least 18 years and no more than 60 or 65 years depending on death benefit?

5Do you meet this requirement: Sum assured and premium must remain within the published minimum and maximum limits?

6Document checkDo you have this required document or proof: Health declaration and normal insurer proposal/KYC documents; the page states that medical tests are not required when the declaration is confirmed?

0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
IndiaFirst Life Saral Bachat Bima 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 typeLife insuranceView source
Manually classified from the insurer/product identity published on the official Bank of Baroda page.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Product title and current official product page
Accessed
20 Aug 2026
Confidence
high
Open official source ↗
InsurerIndiaFirst Life Insurance Company LimitedView source
Manually classified from the insurer/product identity published on the official Bank of Baroda page.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Product title and current official product page
Accessed
20 Aug 2026
Confidence
high
Open official source ↗
Policy structureNon-linked, non-participating, individual life, limited-premium savings policy.View source
Non-linked, non-participating, individual life, limited-premium savings policy.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Product overview
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Policy term12 or 15 years.View source
12 or 15 years.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Features
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Premium-paying termPremiums are paid for 5, 7 or 10 years while cover continues for the entire policy term.View source
Premiums are paid for 5, 7 or 10 years while cover continues for the entire policy term.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Features
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Guaranteed additionsAnnual guaranteed additions are provided under the policy, subject to the policy terms.View source
Annual guaranteed additions are provided under the policy, subject to the policy terms.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Features
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Death benefitOn death of the life assured, the nominee can receive a lump-sum amount or income over a period of 5 years.View source
On death of the life assured, the nominee can receive a lump-sum amount or income over a period of 5 years.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Features
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Accidental-death benefitAn additional sum assured is payable for accidental death during the first year of the policy only.View source
An additional sum assured is payable for accidental death during the first year of the policy only.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Features
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Funeral coverAccelerated, not additional, funeral cover of 10% of sum assured on death or ₹25,000, whichever is lower, is paid in advance after intimation of death.View source
Accelerated, not additional, funeral cover of 10% of sum assured on death or ₹25,000, whichever is lower, is paid in advance after intimation of death.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Features
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Optional riderIndiaFirst Life Waiver of Premium Rider may be added for enhanced benefits.View source
IndiaFirst Life Waiver of Premium Rider may be added for enhanced benefits.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Features
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Medical requirementNo medical tests are stated as necessary; the proposer must confirm the health declaration.View source
No medical tests are stated as necessary; the proposer must confirm the health declaration.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Features and documents
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Entry ageMinimum entry age is 3, 6 or 46 years and maximum entry age is 45 or 50 years, depending on policy term and selected death benefit.View source
Minimum entry age is 3, 6 or 46 years and maximum entry age is 45 or 50 years, depending on policy term and selected death benefit.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Eligibility criteria
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Age at end of planMinimum age at the end of the plan is 18 years; maximum is 60 or 65 years depending on the death benefit.View source
Minimum age at the end of the plan is 18 years; maximum is 60 or 65 years depending on the death benefit.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Eligibility criteria
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Minimum sum assured₹84,000.View source
₹84,000.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Eligibility criteria
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Maximum sum assured₹5,00,000.View source
₹5,00,000.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Eligibility criteria
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Minimum yearly premium₹12,000 per year.View source
₹12,000 per year.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Eligibility criteria
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Maximum yearly premium₹50,000 per year.View source
₹50,000 per year.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Eligibility criteria
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Tax treatmentTax exemptions are subject to applicable tax laws as amended from time to time.View source
Tax exemptions are subject to applicable tax laws as amended from time to time.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Disclaimer
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Bank distribution disclosureBank of Baroda acts as a corporate agent; the insurance is underwritten by the respective insurer, the contract is between insurer and insured, and purchase is voluntary.View source
Bank of Baroda acts as a corporate agent; the insurance is underwritten by the respective insurer, the contract is between insurer and insured, and purchase is voluntary.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
Disclaimer
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Waiting periodFor policies sourced through the Point of Sale (POS) channel, a 90-day waiting period applies from acceptance of risk. During that period, a non-accidental death pays 100% of premium paid; after the period, the sum assured on death applies. Accidental death is not subject to this waiting period, and the waiting period is not applied on policy revival.View source
The policy wording states that -channel policies have a first-90-day waiting period, with 100% of premium for non-accidental death during the wait and no wait for accidental death or revival.
Source
IndiaFirst Life Saral Bachat Bima Plan — official policy document
Page / section
Waiting Period and death-benefit clauses
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
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 at that date, provided the policy is in force. The policy also limits accidental-death and other benefits to the conditions in the policy schedule and applicable underwriting terms.View source
The current IndiaFirst product page publishes the 12-month suicide-exclusion rule and the higher-of-80%-premiums-or-surrender-value benefit.
Source
IndiaFirst Life Saral Bachat Bima Plan
Page / section
— What happens in case the life assured commits suicide?
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Sum insured / coverMinimum sum assured ₹84,000; maximum sum assured ₹5,00,000.View source
The eligibility section publishes minimum sum assured of Rs. 84,000 and maximum sum assured of Rs. 5,00,000.
Source
IndiaFirst Life Saral Bachat Bima Plan — official Bank of Baroda page
Page / section
Eligibility Criteria
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
PremiumMinimum yearly premium ₹12,000; maximum yearly premium ₹50,000.View source
The eligibility section publishes minimum premium of Rs. 12,000 yearly and maximum premium of Rs. 50,000.
Source
IndiaFirst Life Saral Bachat Bima Plan — official Bank of Baroda page
Page / section
Eligibility Criteria
Accessed
29 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • On death of the life assured, the nominee can receive a lump-sum amount or income over a period of 5 years.

Eligibility

  • Entry-age range depends on policy term and selected death benefit; the page lists minimum ages of 3, 6 or 46 years and maximum ages of 45 or 50 years
  • Age at the end of the plan must be at least 18 years and no more than 60 or 65 years depending on death benefit
  • Sum assured and premium must remain within the published minimum and maximum limits

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

Documents the bank lists

  • Health declaration and normal insurer proposal/ documents; the page states that medical tests are not required when the declaration is confirmed

Related official documents

IndiaFirst Life Saral Bachat Bima Plan official product pageproduct-page · current · accessed 21 Aug 2026
↗
IndiaFirst Life Saral Bachat Bima Plan — official Bank of Baroda pageofficial-product-page · current · accessed 29 Aug 2026
↗
IndiaFirst Life Saral Bachat Bima Plan — official product pageofficial-product-page · current · accessed 29 Aug 2026
↗
IndiaFirst Life Saral Bachat Bima Plan — official policy documentpolicy-wording · current · accessed 29 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

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.

-channel waiting period · Published term90 days from acceptance of risk

This value is copied from Saral Bachat waiting period and exclusion terms. Check the table notes before relying on it.

Source: IndiaFirst Life Saral Bachat Bima Plan — official policy document · Waiting period, death benefit and exclusion clauses Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 7 rows · 2 columnsSaral Bachat waiting period and exclusion termsWaiting-period and exclusion rows transcribed from the current IndiaFirst policy materials.View tableHide table

Scroll sideways to view every column

Saral Bachat waiting period and exclusion terms
TopicPublished term
-channel waiting period90 days from acceptance of risk
Non-accidental death during wait100% of premium paid
Accidental death during waitWaiting period not applicable; death benefit applies
Policy revivalWaiting period not applicable on revival
Suicide exclusionWithin 12 months of commencement or revival; higher of 80% premiums paid or surrender value
Accidental-death add-onAn amount equal to sum assured on death during the first policy year, subject to policy terms
Funeral cover10% of sum assured on death or ₹25,000, whichever is lower; accelerated, not additional
  • The 90-day waiting rule is explicitly stated for the channel; it should not be presented as universal for every distribution channel.
IndiaFirst Life Saral Bachat Bima Plan — official policy document · Waiting period, death benefit and exclusion clauses · accessed 29 Aug 2026Open official source ↗
Table 2 · 8 rows · 2 columnsIndiaFirst Life Saral Bachat Bima — published eligibility rangesPolicy term, premium-paying term, age, cover and premium ranges transcribed from the official distribution page.View tableHide table

Scroll sideways to view every column

IndiaFirst Life Saral Bachat Bima — published eligibility ranges
Published itemRange or condition
Policy term12 or 15 years
Premium-paying term5, 7 or 10 years
Entry ageMinimum 3, 6 or 46 years; maximum 45 or 50 years, depending on selected option
Age at end of planMinimum 18 years; maximum 60 or 65 years, depending on death benefit
Sum assured₹84,000 to ₹5,00,000
Yearly premium₹12,000 to ₹50,000
Funeral cover10% of sum assured on death or ₹25,000, whichever is lower
Accidental-death benefitAdditional sum assured during the first policy year only
  • The page does not state a waiting period or a complete exclusions list; policy wording controls those items.
IndiaFirst Life Saral Bachat Bima Plan — official Bank of Baroda page · Features and Eligibility Criteria · accessed 29 Aug 2026Open official source ↗

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