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Baroda First Wealth Pack

Baroda First Wealth Pack is a bundle of Banking and Insurance Products, available to persons aged between 18-55 years. Under this pack, each year a lumpsum amount as opted by Customer at the time of purchase of pack is to be deposited continuously for 10 years and following -4- products shall be made available to customers:-

A Baroda First Savings Bank Account having inbuilt Group Term Insurance and other features like auto sweep, reverese sweep etc.
A Recurring Deposit viz. Baroda First Regular Deposit wherein only annual installment as per pack opted is payable.
IndiaFirst Smart Save Plan- ULIP Scheme of IndiaFirst Life Insurance Co. Ltd.
IndiaFirst Group Term Insurance linked with with Baroda First Savings Bank Deposit

� Out of three variants, customer will have the option to choose any of the variants depending on his income as well as saving needs. Investment under the different variants of Baroda First Wealth Pack shall be made as under:-

Product		Baroda First Wealth Pack-Silver*	Baroda First Wealth Pack-Gold	Baroda First Wealth Pack-Platinum
Investment Amount		Rs. 25,000/-	Rs. 50,000/-	Rs. 1,00,000/-
Investment received from customer will be appropriated as under:
		BFWP-Silver	BFWP-Gold	BFWP-Platinum
1.	“Baroda First Regular Deposit Account” (RD with annual Installment for 10 years)	Annual Installment of Rs. 10,000/-	Annual Installment of Rs. 20,000/-	Annual Installment of Rs. 50,000/-
2.	“Baroda First Savings Bank Account” (with inbuilt feature of availability of group Insurance cover)	Rs. 2,250/-	Rs. 4900/-	Rs. 8,100/-
3.	India First Smart save Plan (ULIP) *	Rs. 12000	Rs. 24000	Rs. 40000
	*Sum assured under Smart Save (18-less than 51 yrs)	Rs. 2 lac	Rs. 3 lac	Rs. 5 lac
	*Sum assured under Smart Save (51-less than 60 yrs)	Rs. 2 lac	Rs. 2.64 lac	Rs. 4.40 lac
4.	Payment of Insurance premium (inclusive of Service Tax) for Group Insurance Plan of IndiaFirst	Rs. 750/- (Insurance cover available Rs. 2.00 lacs)	Rs. 1100/- (Insurance cover available Rs. 3.00 lacs)	Rs. 1900/- (Insurance cover available Rs. 5.00 lacs)
	Total Insurance Cover (ULIP+ Group Term ) for 18-less than 51 yrs aged Customer	Rs. 4 lac	Rs. 6 lac	Rs. 10 lac
	Total Insurance Cover (ULIP+ Group Term ) for 51-less than 60 yrs aged Customer	Rs. 4 lac	Rs. 5.64 lac	Rs. 9.40 lac

Other benefits:-

Rate of Interest as applicable on Recurring Deposit for 10 years at the time of purchase of pack shall be applicable to Baroda First Regular Deposit
Rate of Interest as applicable on Savings Bank shall be applicable on Baroda First Savings Bank deposit account.
Baroda First Savings Bank account shall have auto sweep and reverse sweep facility. Amount in excess of threshold limit Rs. 10,000/- shall be transferred to Flexi deposit in multiple of Rs. 5000/- and in case of need revere sweep in multiple of Rs. 1000/- shall be made from flexi deposit. LIFO (Last in First Out system shall be followed for reverse sweep). Flexi deposit shall be for a maximum period of 181 days and Bank’s normal Term Deposit interest rate shall be applicable on Flexi Deposit amount.
Tax benefit as applicable from time to time shall be available to the Customer on premium paid under India First Smart Save Plan and India First Group Term Plan.
For further details of Baroda First Wealth pack please visit Bank of Baroda’s nearest branch to you.

Disclaimer :-

IndiaFirst Smart Save Plan and India First Group Term Plan are products of India First Life Insurance Co Ltd and will be subject to underwriting norms of the company and subject to the respective policy terms and conditions.
In Indiafirst Smart Save Plan, the investment risk shall be borne by the policyholder.
Please know the associated risks and the applicable charges in the insurance products. The premium an funds are subject to certain charges such as Premium Allocation charge, Policy Administration charge, Fund Management Charge and applicable Mortality Charge.


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