Promoted by Bank of Baroda and Union Bank of India, IndiaFirst Life Insurance Company Limited (IndiaFirst Life) has introduced IndiaFirst Life Micro Bachat Plan. IndiaFirst Life Micro Bachat Plan takes care of the insured’s liquidity needs through its loan facility. The policy can be purchased online or offline. This limited premium paying, and participating plan provides a shorter pay commitment of 5 years while offering savings and protection in a single policy up to 15 years.
This non-linked, participating, limited pay, micro-life insurance policy is designed to offer dual benefits of security and disciplined savings to secure life’s certainties. The competitively priced, low premium size makes this plan an ideal choice for ensuring security and savings. Providing financial support to the insured’s family, in case of any eventuality, the plan ensures constant life cover benefits despite missing a premium. To take care of the liquidity needs, the loan facility on the policy can be availed with a shorter pay commitment of 5 years.
