Categories: Business

IndiaFirst Life Introduces ‘Saral Bachat Bima’ Insurance Plan

IndiaFirst Life Insurance Company Limited (IndiaFirst Life), a joint venture of Bank of Baroda and Union Bank of India introduced “IndiaFirst Life Saral Bachat Bima Plan”. It is a savings and protection cover plan for the entire family. The plan includes paying for the short term and enjoying long term benefits and it will provide consistent protection through insurance cover.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Benefits of the plan:

An amount equal to the Sum Assured on Death (SAD) will be paid in case of accidental death during the first policy year. In case of death of the life insured, an advanced payment by way of funeral cover. Flexibility to receive the death benefit as a lump sum or regular income for 5 years.
Boost savings with guaranteed additional benefits of 4.75% to 6% per annum. Option to opt for Waiver of Premium Rider.
No medical test and short application form.

Important takeaways for all competitive exams:

IndiaFirst Life MD & CEO: M. Vishakha;
IndiaFirst Life Headquarters: Mumbai, Maharashtra;
IndiaFirst Life Founded: 16 November 2009.

Find More Business News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.