Headquartered in Mumbai, India First Life Insurance Company is a joint venture of Bank Of Baroda and Union Bank of India, and the UK’s financial and investment company, legal & General.
Incorporated in November 2009 with paid-up share capital of INR 663 Crore, India First Life Insurance Company is one of the fastest-growing life Insurance companies in India.
India First Life Insurance Company has grown exceptionally due to delivering good results to their customers and creating value for their investors without compromising integrity. The company is built on a strong foundation of trust and has a promising future.
India First Life Insurance Company has a plethora of life insurance products ranging from pension plans, term plans, ULIP, retirement plans, micro insurance plans, etc. The company has a variety of insurance products to cater to the needs of all types of customers. People can choose insurance products as per their requirements. The company has approximately 4800 branches across India.
India First Life Insurance Company has a variety of insurance products:
- India First life Plan
- India First Any Time Plan
- Star First Combi Plan
- Star First Optima/Classic/Comprehensive
Unit Link Investment Plans (ULIPs)
- India First Life Wealth Maximizer Plan
- India First Money Balance Plan
- India First Life Cash Back Plan
- India First Maha Jeevan Plan
- India First Simple Benefit Plan
- India First Guaranteed Retirement Plan
- India First Immediate Annuity Plan
Micro Insurance Plan
- India First Life “Insurance Khata” Plan
- India First happy India Plan
- India First Little Champ Plan
The process to claim India First Life Insurance
The following step by step process to be followed to claim India First Life Insurance:
The company can be notified regarding a particular claim
- By registering online
- By contacting the call center
- By contacting the sales advisor of the company
- By visiting Bank of Baroda branches
After notifying the company, the claimant has to submit the claim form at the earliest along with the following documents:
Copy of death certificate
Copy of age proof of insured
Copy of claimant’s age & address proof
Copy of Claimant’s passbook and canceled cheque
Medical report and discharge summary
Copy of FIR and panchnama, in case of unnatural/accidental death
On submission of all these documents, a claim will be registered. The documents will be sent for verification. If any additional documentation is required would be informed to submit it.
After the investigation of the case, the claim can be accepted or rejected. If accepted settlement amount will be calculated. The amount will be released via bank transfer/NEFT.
What is life insurance?
Our life seems beautiful if we are blessed with a caring family. We work hard and put our best efforts to ensure the beautiful life of our family. We take care of all the financial needs of our spouses, children, and parents.
But life is uncertain, you never know what life has in store for you. Due to any unfortunate incident if something unexpected happens to you then who will take care of your loved one.
Here comes life insurance, the best tool to protect your family from any financial crunch that may come up after your unfortunate demise.
Life insurance is the only way to help your family to meet routine living expenses and support your family to achieve all the life objective even when you are not around.
Life insurance is the most crucial thing that a person must have to secure a contented and peaceful future for his family in his absence.
Life is full of uncertainties, but death is the most certain in life. It is not wise to leave anything to chance and protect the future of your family with the best life insurance policy as per your financial needs.