IndiaFirst Life Insurance, a joint venture between Bank of Baroda, Andhra Bank and Legal and General of the UK entered into pension sector with launch of a 9% guaranteed retirement plan.
- For: Customers who are conscious to plan for their retirement and want to remain financially young.
- Offers: A customer can choose to pay one time, under the single premium mode, or pay for a limited period of 5 to 10 years for a plan term of 10 to 35 years, or select a payment and plan term of 10 years to anytime between 15 or 35 years.
The policyholder, who has option to receive the funds between 40-80 years, will also get a tax benefit on the premiums paid, as per Income Tax Act.
- IndiaFirst Life Insurance Managing Director and CEO: R M Vishakha
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