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
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
Smart Retirement structureThis non-participating unit-linked pension plan provides three pension-fund choices (equity, debt and liquid), zero premium-allocation and policy-administration charges, return of mortality charges at maturity under Retire Smart, unlimited switches and premium redirections, and guaranteed additions up to 5% in year 1.View source
The official Benefits and Features sections publish fund choices, charges, switches and guaranteed additions.
- Source
- IndiaFirst Life Smart Retirement Plan
- Page / section
- Benefits / Features
- Accessed
- 23 Aug 2026
- Confidence
- high
Smart Retirement eligibilityEntry age is 18–70 years and maturity age is 40–80 years. Minimum policy/
The official Eligibility Criteria section publishes age, term, premium and death-benefit rules.
- Source
- IndiaFirst Life Smart Retirement Plan
- Page / section
- Eligibility Criteria
- Accessed
- 23 Aug 2026
- Confidence
- high
Sum insured / coverSum Assured on Death is 105% of total premiums paid during the policy term; under the policy wording, recent partial withdrawals can reduce that amount. The plan does not publish one fixed rupee sum-insured amount because the death benefit also compares this formula with the fund value and depends on the selected option.View source
The current page states that Sum Assured on Death is 105% of total premiums paid and that the death benefit is the higher of Sum Assured on Death or fund value; partial withdrawals in the preceding two years reduce the sum assured.
- Source
- IndiaFirst Life Smart Retirement Plan
- Page / section
- Benefits — Death Benefit; Eligibility Criteria — Sum Assured on Death
- Accessed
- 7 Sept 2026
- Confidence
- high
Entry and maturity agesEntry age 18–70 years; maturity age 40–80 yearsView source
The official eligibility table publishes the entry and maturity ranges.
- Source
- IndiaFirst Life Smart Retirement Plan
- Page / section
- Eligibility Criteria
- Accessed
- 23 Aug 2026
- Confidence
- high
Minimum policy term5 years for single pay; 15 years for 8- or 10-year regular pay; 16 years for 15-pay, with maturity no later than age 80View source
The official eligibility table publishes payment-mode-specific minimum terms.
- Source
- IndiaFirst Life Smart Retirement Plan
- Page / section
- Eligibility Criteria
- Accessed
- 23 Aug 2026
- Confidence
- high
PremiumCurrent page minimums are ₹60,000 yearly, ₹30,000 half-yearly, ₹15,000 quarterly, ₹5,000 monthly and ₹1,50,000 single premium; no fixed maximum is published and BAUP underwriting applies.View source
The current page publishes minimum premiums by frequency and states that the upper amount is subject to the Board Approved Underwriting Policy.
- Source
- IndiaFirst Life Smart Retirement Plan — Bank of Baroda official product page
- Page / section
- Eligibility Criteria — premium modes
- Accessed
- 31 Aug 2026
- Confidence
- high
Waiting periodNot applicable as a health-claim waiting period: this is a unit-linked pension/
The brochure says linked insurance products offer no liquidity during the first five years and cannot be surrendered or withdrawn completely or partially before the end of year five.
- Source
- IndiaFirst Life Smart Retirement Plan — official brochure
- Page / section
- Page 1 — liquidity lock-in
- Accessed
- 29 Aug 2026
- Confidence
- high
Key coverageTwo options: Retire Smart pays the higher of 105% of total premiums paid or fund value on death and returns mortality charges at vesting when conditions are met; Retire Secure pays the death benefit as a lump sum, pays future premiums into the fund and continues to vesting. At vesting, the fund value is payable, with annuity or partial-commutation choices under the policy.View source
The brochure describes both plan options, the 105% death-benefit floor, mortality-charge return under Retire Smart and future-premium waiver under Retire Secure.
- Source
- IndiaFirst Life Smart Retirement Plan — official brochure
- Page / section
- Pages 2–5 — Plan options, death benefit and vesting benefit
- Accessed
- 29 Aug 2026
- Confidence
- high
Key exclusionsInvestment risk is borne by the policyholder: fund values and NAV can rise or fall and returns are not guaranteed. The five-year lock-in prevents surrender or partial withdrawal before year five; early discontinuance transfers value to the discontinued policy fund subject to discontinuance charges and applicable rules. Guaranteed additions apply only to the first policy-year premium, require annualised premium above ₹60,000, do not apply to top-ups and are recovered if cancelled during the free-look period.View source
The brochure explicitly states the market-risk, lock-in, discontinuance and guaranteed-addition conditions.
- Source
- IndiaFirst Life Smart Retirement Plan — official brochure
- Page / section
- Pages 1, 5, 13–18 and 21–22 — lock-in, discontinuance, guaranteed-addition conditions and risk disclosures
- Accessed
- 29 Aug 2026
- Confidence
- high
Free-look period30 days from receipt of the policy document. Refund deductions include risk premium, stamp duty, medical-examination costs and guaranteed additions; the brochure says processing is within 7 days.View source
The brochure specifies a 30-day free-look period, permitted deductions and a seven-day refund timeline.
- Source
- IndiaFirst Life Smart Retirement Plan — official brochure
- Page / section
- Pages 19–20, Free-look cancellation
- Accessed
- 30 Aug 2026
- Confidence
- high
Premium grace period30 days for quarterly, half-yearly and yearly modes; 15 days for monthly mode.View source
The brochure publishes 30 days for non-monthly premium modes and 15 days for monthly mode.
- Source
- IndiaFirst Life Smart Retirement Plan — official brochure
- Page / section
- Pages 19–20, Grace period
- Accessed
- 30 Aug 2026
- Confidence
- high
Revival requirementsRevival requires a written request, payment of unpaid premiums, a declaration of good health and a medical examination if required by IndiaFirst.View source
The brochure lists the written revival request, unpaid premiums, good-health declaration and possible medical examination.
- Source
- IndiaFirst Life Smart Retirement Plan — official brochure
- Page / section
- Pages 15–18, Discontinuance and revival
- Accessed
- 30 Aug 2026
- Confidence
- high
Geographic limitsTwo options: Retire Smart pays the higher of 105% of total premiums paid or fund value on death and returns mortality charges at vesting when conditions are met; Retire Secure pays the death benefit as a lump sum, pays future premiums into the fund and continues to vesting. At vesting, the fund value is payable, with annuity or partial-commutation choices under the policy.View source
The manually reviewed product record states: “Two options: Retire Smart pays the higher of 105% of total premiums paid or fund value on death and returns mortality charges at vesting when conditions are met; Retire Secure pays the death benefit as a lump sum, pays future premiums into the fund and continues to vesting. At vesting, the fund value is payable, with annuity or partial-commutation choices under the policy.”.
- Source
- IndiaFirst Life Smart Retirement Plan — official product page
- Page / section
- Published product metadata
- Accessed
- 15 Aug 2026
- Confidence
- high
Benefits and features
- Two options: Retire Smart pays the higher of 105% of total premiums paid or fund value on death and returns mortality charges at vesting when conditions are met
- Retire Secure pays the death benefit as a lump sum, pays future premiums into the fund and continues to vesting. At vesting, the fund value is payable, with annuity or partial-commutation choices under the policy.
Eligibility
- Entry age is 18–70 years and maturity age is 40–80 years. Minimum policy/
premium-paying term is 5 years for single pay, 15 years for 8/ 10-year regular pay and 16 years for 15-pay. Minimum premium is ₹60,000 yearly, ₹30,000 half-yearly, ₹15,000 quarterly, ₹5,000 monthly or ₹1,50,000 single pay. Death sum assured is 105% of total premiums paid.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Completed proposal form and personal statement; IndiaFirst may require a declaration of good health and a medical examination.
- Proof of age where requested by the insurer; the selected plan option, premium mode and fund allocation are recorded in the proposal form.
- For a death or vesting claim: claim intimation, claimant statement, original policy document, or Form 60, address proof and cancelled cheque or passbook.
Related official documents
IndiaFirst Life Smart Retirement Plan — Bank of Baroda official product pageofficial-product-page · current · accessed 29 Aug 2026
↗IndiaFirst Life Smart Retirement Plan — current Bank of Baroda product pageofficial-product-page · current · accessed 7 Sept 2026
↗IndiaFirst Life Smart Retirement Plan — official policy documentofficial-policy-pdf · current · accessed 7 Sept 2026
↗IndiaFirst Life Smart Retirement Plan — official brochurebrochure · current · accessed 29 Aug 2026
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