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IndiaFirst Life Term Insurance Plans

You are getting a successful, prospering career, and providing all the comfort and happiness to your family, but who will take care of your family in case of a mishap. IndiaFirst Life offers a range of term plans that provide protection for the family against the uncertainties of the life.

SIndiaFirst Life has 72.21% as Claim Settlement Ratio. (as per IRDAI Annual Report 2014-15).

IndiaFirst Life offers following term plans:

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1. IndiaFirst Life Plan

You always want to assure protection for your family against any untoward event. IndiaFirst Life Plan is a non-participating pure term insurance plan ensures you for the financial well-being of your family, in case of your demise.

Key Features

• Enjoy life cover of up to 40 years

• Nominee receives lump sum benefit

• Differential premium rates on choosing a healthy lifestyle

• Tax benefits as per the income tax laws

Benefits

  • Death Benefit

    In case of demise of the life insured during the policy term, the nominee is entitled to receive a Sum Assured amount as a lump sum payout. Death benefits payable will be at least 105% of all the premiums paid till date of death.

  • Surrender Benefit

    For regular pay policies, there is no surrender value. For single pay policies, surrender value is payable if you have paid all due premiums for three policy years. Surrender benefit for single pay policies equal to 40% * premium paid * (unexpired term/total term).

  • Tax Benefit

    The premium payment under the plan is eligible for tax benefits as per Section 80C of the Income Tax Act and the policy proceeds are also entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) 18 years 60 years
Age at Maturity - 70 years
Policy Tenure 5 years 40 years
Premium Paying Term Regular Pay and Single Pay Years -
Premium Paying Mode Monthly, Semi Annually & Annually -
Sum Assured 1 Lacs 50 crores (subject to underwriting)
Maturity Proceeds Nil -
Rider Benefits Not Available -

2. IndiaFirst Anytime plan

IndiaFirst Anytime plan is an online pure protection plan that ensures protection for your family, in case of a mishap. This plan pays a lump sum benefit to the family and thus secures them financially. This term plan assures you that the loved ones are taken care of, when you are not around.

Key Features

• Life cover of up to 40 years at an affordable price

• Nominee is entitled to receive lump sum benefit

• Flexible life cover and premium paying options to choose from

• Differential premium rates on choosing a healthy lifestyle

• Enjoy hassle-free procedure to buy plan online

Benefits

  • Death Benefit

    In the event of the demise of the life insured, the nominee/legal heir will receive the sum assured amount as a lump sum.

  • Surrender Benefit

    For regular pay policies, there is no surrender value. For single pay policies, surrender value is payable if you have paid all due premiums for three policy years. Surrender benefit for single pay policies equal to 40% * premium paid * (unexpired term/total term).

  • Tax Benefit

    The premium payment under the plan is eligible for tax benefits as per Section 80C of the Income Tax Act and the policy proceeds are also entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) 18 years 60 years
Age at Maturity - 70 years
Policy Tenure 5 years 40 years
Premium Paying Term Regular Pay and Single Pay Years -
Premium Paying Mode Monthly, Semi Annually & Annually -
Sum Assured 10 Lacs 50 crores (subject to underwriting)
Maturity Proceeds Nil -
Rider Benefits Not Available -

3. IndiaFirst Simple Life Plan

People always want to provide their family with the best of comforts and happiness. IndiaFirst Simple Life Plan is a pure term insurance plan that ensures that your family is protected against any uncertainties of life. This term plan provides financial protection to the family so they can lead a comfortable life, when you are not around.

Key Features

• Get a life cover of 5 or 10 years

• Flexible sum assured options to choose from

• Assured financial protection to your family

• Tax benefits as per income tax laws

Benefits

  • Death Benefit

    In the event of the demise of the life insured, the nominee will receive the sum assured amount as a lump sum and the policy terminates thereafter.

  • Surrender Benefit

    You have the option to surrender your plan, provided you have paid all due premiums for at least three policy years. Surrender benefit under this plan is equal to 40% * premiums paid * (unexpired term/total term).

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) 18 years 60 years
Age at Maturity - 60 years
Policy Tenure 5 years 10 years
Premium Paying Term Single Pay Years -
Premium Paying Mode Single Pay -
Sum Assured Rs. 5,000 Rs. 50,000 (subject to underwriting)
Maturity Proceeds Nil -
Rider Benefits Not Available -