Affordable Group Term Insurance

Voluntary or Automatic Enrolment

Mid-Year Member Additions

Yearly renewable policy

इंडियाफ़र्स्ट लाइफ़ ग्रुप टर्म प्लान

IndiaFirst Group Term Plan provides comprehensive group life cover to customers of saving account with Bank of Baroda. Tailored for Bank’s corporates and saving account holder, this group term plan offers flexibility in opting life cover as per the customer requirement. This a yearly renewable policy with options for adding new members and provides tax benefits.

  • Benefits
  • Features
  • Eligibility
  • Disclaimer

इंडियाफ़र्स्ट लाइफ़ ग्रुप टर्म प्लान : Benefits

इंडियाफ़र्स्ट लाइफ़ ग्रुप टर्म प्लान : Features

  • Life cover benefit available for your group at affordable rates.
  • Members can opt for voluntary or automatic schemes
  • Sum assured paid through Master policyholder to nominee
  • Amplify your cover with the Employee Deposit Linked Insurance (EDLI)
  • Flexibility to choose between three premium paying frequencies, namely - monthly, six-monthly, and yearly
  • Liberty to add new members during the plan year

इंडियाफ़र्स्ट लाइफ़ ग्रुप टर्म प्लान : Eligibility

Age for Entry
Entry age Years
Minimum Employer-Employee Group: 18 years
Non Employer-Employee Group: 14 years
Maximum 85 years
Group Size
Group size Count
Minimum Employer-Employee Group: 10
Group Term Assurance in lieu of EDLI: 20
Non Employer -Employee Group: 50
Maximum NA

इंडियाफ़र्स्ट लाइफ़ ग्रुप टर्म प्लान : Disclaimer

Bank of Baroda is authorized by the Insurance Regulatory and Development Authority to act as a Corporate Agent from 01/04/2025 to 31/03/2028 for procuring or soliciting business of Life insurance, General insurance & Standalone Health insurance under Registration Code CA0004". For more details on risk factors, terms and conditions please read the sales read sales brochure carefully before concluding a sale. The purchase of Insurance products by Bank of Baroda customers is purely on a voluntary basis. The insurance products are underwritten by the respective insurance company. Bank of Baroda does not perform any insurance e-commerce activity on its website. The contract of insurance is between the insurer and the insured; and not between the Bank and the Insured.


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