NE BUSINESS BUREAU
AHMEDABAD, FEB 28
IndiaFirst Life Insurance Company Limited (IndiaFirst Life), promoted by Bank of Baroda and Union Bank of India, has on Saturday announced the launch of IndiaFirst Life Long Guaranteed Income Plan, a joint release said.
This distinctive plan is designed to ensure financial stability and provide guaranteed income to the family to secure the certainties of life. To offer simple and guaranteed solutions, this customer-centric protection plan provides a steady return to ease the fulfilment of financial goals while minimising risk, the statement added..
Rushabh Gandhi, Deputy CEO, IndiaFirst Life Insurance Company Limited said, “It is always exciting to buy a product that offers a lifetime guarantee. With this ethos in mind and line with our #CustomerFirst ideology, we are delighted to launch IndiaFirst Life-Long Guaranteed Income Plan, which guarantees a tax-free income till 99 years of age of the life assured. This multi-generation plan provides guaranteed returns for as long as 59 years to take care of both you and your loved ones.”
Commenting on the launch, Purshotam, Chief General Manager – Retail Liabilities, Wealth Management Services, Marketing, NRI Business & Capital Market Division, Bank of Baroda said, “IndiaFirst Life has been on the forefront in bringing about bespoke products and the Life Long Guaranteed Income Plan is a product that provides tax-free guaranteed regular income for a lifetime and beyond. The plan has several best-in-class features that meet customers’ requirements for the long-term.”
With the assurance of guaranteed lifetime income and return of all premiums at the end of the income benefit period, IndiaFirst Life-Long Guaranteed Income Plan enhances protection coverage with two rider options – IndiaFirst Term Rider and IndiaFirst Life Waiver of Premium Rider. The plan also ensures a continued life cover despite missing the payment of a premium.
IndiaFirst Life offers a diversified suite of 42 need-based offerings (products & riders) catering to varied customer segments, leveraging multiple distribution capabilities, and augmenting various investment options. The company services customers in over 98% of pin-codes across the country.
