Saving Plan

Savings Plans are a type of life insurance policy, which provides the combined benefit of insurance coverage and savings. This type of policy is paid out a lump sum amount after a predefined term at which the policy matures. Upon maturity, the insured receives the sum assured plus the bonus for the policy term, if any. And then going forward, the insured is not covered by the policy. In case of an unfortunate demise of the insured, during the policy tenure, a sum assured amount as death benefit along with bonus (if any) is paid to the beneficiary. This product is suitable for customers who have a conservative outlook towards growing their savings, i.e. they don’t want to take risks with their savings by entering into the stock market preferring safer option. IDFC FIRST Bank brings you some of the best Savings plans from five leading Life insurance companies in the Industry – ICICI Prudential, HDFC Life, Bajaj Allianz, TATA AIA and Aditya Birla Sunlife. We aim to provide a curated set of products to simplify the selection process for our customers.