Affordable Group Term Insurance

Voluntary or Automatic Enrolment

Mid-Year Member Additions

Yearly renewable policy

  • Benefits
  • Features
  • Eligibility
  • Disclaimer

IndiaFirst Group Term Plan : 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

IndiaFirst Group Term Plan : 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

IndiaFirst Group Term Plan : 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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