IndiaFirst Life Insurance

What Is IndiaFirst Life Insurance?

IndiaFirst Life Insurance is one of the leading insurance companies in India. It offers various insurance products such as protection, savings, ULIP, retirement and child plans to help individuals and families protect their financial future in the event of life's uncertainties. You can easily check the premium rates of IndiaFirst Life Insurance plans online.

Why Should You Buy IndiaFirst Life Insurance Plan?

You should buy IndiaFirst Life Insurance plan because of the following reasons:

• Financial Security for Your Loved Ones: IndiaFirst Life Insurance plans are specially designed to provide financial protection and peace of mind to your loved ones in case of an unfortunate event. The payout from the life insurance plans can help your family maintain their lifestyle, cover essential expenses, and even achieve long-term financial goals like education and retirement.

• Comprehensive Coverage Options: IndiaFirst Life Insurance offers a wide range of insurance products tailored to suit various life stages and needs. Whether you're looking for pure protection with term insurance, wealth creation through investment-linked plans, or comprehensive coverage with a whole-life policy, IndiaFirst has you covered. Their diverse portfolio ensures you can find a plan that aligns perfectly with your financial goals and requirements.

• Guaranteed Returns: IndiaFirst Life Insurance, notably Savings and retirement plans, ensures you receive guaranteed returns when your plan matures. As you pay your premiums over time, your savings grow. Upon maturity, you can choose to receive this accumulated amount either as a one-time lump sum or as a regular income.

• Affordable Premiums: IndiaFirst Life Insurance offers comprehensive plans, like term life insurance plans, at very affordable premiums, so that you can financially secure your loved ones without any hassle. 

• Tax Benefits: Opting for IndiaFirst Life Insurance plans can also provide you with tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. This means you can secure your financial future and enjoy tax advantages while doing so, making IndiaFirst a smart choice for your insurance needs.

What Are The Types of Life Insurance Plans Offered By IndiaFirst Life Insurance?

The various life insurance policies in multiple segments offered by IndiaFirst Life Insurance are as follows: 

• Term Insurance Plans

• Savings Plans

• ULIP Plans

• Retirement Plans

• Child Plans

IndiaFirst Term Insurance Plans

Here is a list of all IndiaFirst Life Term Insurance Plans:

Let’s learn more about IndiaFirst Term Plans in detail: 

1. IndiaFirst Life Plan

   Here are the key features of this plan:

   • High coverage at affordable rates

   • Coverage available up to 80 years

   • Life cover options from 1 lac to 50 Crs

   • Lump sum death benefit for the family in case of policyholder’s untimely demise 

   • Tax deductions on premiums and additional benefits as per applicable tax laws.

2. IndiaFirst Life Guaranteed Protection Plus Plan

   Here are the key features of this plan:

   • Affordable life cover for you and your family

   • Choose from 7 different coverage options to tailor the policy to your safety needs

   • Flexible payout options: lump sum or monthly income (based on selected coverage)

   • Whole life coverage until age 99 with premiums paid for a short duration

   • Financial protection against Accidental Death, Accidental Total Permanent Disability, or up to 40 Critical Illnesses with Incidence Coverage Option.

IndiaFirst Savings Plans

Let’s learn more about IndiaFirst Savings Plans in detail: 

1. IndiaFirst Life Guaranteed Single Premium Plan

   Here are the key features of this plan:

   • Guaranteed 7 times returns on a 30-year investment

   • 1.25 times life insurance cover for your loved ones

   • Enhanced maturity benefits for higher premium bands

   • Additional benefits on maturity: 1% for premiums between 5 Lakh - 9.99 Lakh, and 2% for premiums of 10 lakh and above

   • Worry-free guaranteed maturity benefit for life's milestones

   • Convenient online purchase option available.

2. IndiaFirst Life IndiaFirst Guarantee of Life Dreams Plan

   Here are the key features of this plan:

   • Choice of 3 Income Options: Immediate, Intermediate, and Deferred

   • Start receiving income as early as the end of the 1st policy month or defer based on your needs

   • Guaranteed long-term income for 30 or 40 years, depending on your chosen income option

   • Life insurance cover throughout the policy term for family security

   • Loyalty benefits for timely premium payments

   • Protection against missing a premium with Life Cover Continuance Benefit at no extra cost

   • 'Save the Date' feature for receiving annual income on a special date

   • Enhanced benefit for females with higher income benefits

   • Tax benefits available on premiums paid and benefits received as per prevailing tax laws.

3. IndiaFirst Life Fortune Plus Plan

   Here are the key features of this plan:

   • Provide long-term financial protection for your loved ones with life insurance cover for up to 15 or 20 years

   • Pay for a limited period while ensuring financial security through life insurance cover for the entire policy term

   • Offer your loved ones the choice of a lump sum or income over 5 years in the event of the life assured's death

   • Receive regular guaranteed survival benefits and cash bonuses, if declared, to meet ongoing financial needs after the premium paying term ends

   • Secure a lump sum benefit on maturity for your long-term goals

   • Choose to defer guaranteed survival benefits and cash bonuses, earning additional interest

   • Enjoy a discount for early renewal premium payments

   • Add the Waiver of Premium Rider option to relieve your loved ones from the burden of future premium payments

4. Indiafirst Life Smart Pay Plan

   Here are the key features of this plan:

   • Pay for a shorter period with flexible options tailored to your time horizon to achieve long-term goals

   • Continue to enjoy life cover benefits even if you miss a premium payment (applicable after two full years of premiums)

   • Experience the potential upside of earnings with an annual bonus, if declared

   • Receive 103% of one annual premium back as a survival benefit

   • At the end of the term, receive Sum Assured at Maturity plus accrued bonuses (if declared)

   • Add the Waiver of Premium Rider option to relieve your loved ones from the burden of future premium payments

   • Conveniently purchase this policy online at your convenience

   • Potential tax benefits on premiums paid and benefits received as per prevailing tax laws.

IndiaFirst ULIP Plans

Let’s learn more about IndiaFirst ULIP Plans in detail: 

1. IndiaFirst Life Radiance Smart Invest Plan 

   Here are the key features of this plan:

   • Safety net for yourself and your loved ones with life insurance cover

   • The Death Benefit ensures that your loved ones' dreams are safeguarded in your absence

   • Choose from three plan options to meet your life insurance coverage needs: Life Option, Extra Shield Option, Family Care Option

   • Life Option provides a safety net of life insurance cover against death

   • Extra Shield Option offers additional insurance cover against both death and accidental death

   • Family Care Option ensures continuity of policy benefits through premium waivers

   • Tailor the policy to suit your insurance needs with flexible term and premium paying options

   • Participate in market-linked fund options to grow your money

   • Select from ten different fund options for flexibility according to your requirements.

2. IndiaFirst Money Balance Plan

   Here are the key features of this plan:

   • Optimize your savings with the 'automatic trigger-based' investment strategy, systematically building savings with secure earnings through automatic transfers into consistent-return, relatively safe funds.

   • Choose to pay premiums regularly, for a limited period, or through a single payment.

   • The policy provides life cover in the event of the life assured's untimely demise.

   • Access your money for financial emergencies through partial withdrawals after the completion of the lock-in period.

   • Conveniently purchase this policy online.

   • Enjoy tax benefits as per applicable tax laws.

3. IndiaFirst Smart Save Plan

   Here are the key features of this plan:

   • Systematically build savings through investments in various funds.

   • Get life cover in the event of the life assured's untimely death.

   • Optimize investments through the flexibility of 'switching' or 'redirecting your premium' from one fund to another.

   • Safeguard your savings by transferring investments into a liquid fund during the last 3 years of the plan.

   • Explore potential tax benefits on premiums paid and benefits received in accordance with prevailing tax laws.

IndiaFirst Retirement Plans

Let’s learn more about IndiaFirst Retirement Plans in detail: 

1. IndiaFirst Life Guaranteed Pension Plan

   Here are the key features of this plan:

   • Select from 5 different annuity options to ensure a lifetime of income security.

   • Safeguard your family with the Return of Purchase Price facility, ensuring your nominee(s) receive the premium amount in case of an unfortunate event.

   • Pay for a limited period while enjoying lifelong annuity benefits.

   • Opt for the Single Life option for individual annuity benefits or the Joint Life option to extend them to your loved ones.

   • Consider the Escalating Life Annuity option for a constant rate of growth in your annuity amount.

2. IndiaFirst Life Guaranteed Annuity Plan

   Here are the key features of this plan:

   • Ensure a lifetime income for your members with our annuity options.

   • Provide the freedom to choose from 3 different annuity options.

   • Support the loved ones of your members with options like Joint Life Last Survivor Annuity for Life.

   • Members can protect their family with the Return of Purchase Price facility under Life Annuity, receiving back the investment amount with the 100% Return of Purchase Price option.

   • Enjoy a regular monthly/quarterly/half-yearly/yearly income throughout your retirement years.

3. IndiaFirst Guaranteed Retirement Plan

   Here are the key features of this plan:

   • Enjoy peace of mind with guaranteed additions of 9% on total premiums paid during the first 2/4/6 policy years based on the premium payment term.

   • Consistently grow your retirement corpus with bonuses (if declared) by paying premiums.

   • Maximize your retirement savings with a policy term of up to 40 years.

   • Start planning your retirement at any age with this flexible policy.

   • Choose between single, limited, or regular premiums to align with your cash flow.

   • Conveniently purchase this policy online at your convenience.

   • Explore potential tax benefits on premiums paid and benefits received in accordance with prevailing tax laws.

IndiaFirst Child Plans

Let’s learn more about IndiaFirst Child Plans in detail: 

IndiaFirst Life Little Champ Plan

Here are the key features of this plan:

• Safeguard the dreams of your loved ones with the built-in Waiver of Premiums (WOP) for added protection.

• Enjoy flexibility in choosing the Death Benefit as either a lump sum payout or regular income.

• Tailor the policy to your needs with options for policy terms, premium payment terms, and payment modes.

• Select from 8 payout options providing guaranteed payouts ranging from 101% to 125% of the Sum Assured during the policy term, based on your specific needs.

How To Buy IndiaFirst Life Insurance From Policybazaar?

Here are the steps to buy IndiaFirst Life Insurance from Policybazaar:

• Step 1: Visit the official Policybazaar website and go to the Term Insurance section.

• Step 2: Provide your name, contact details, gender, and date of birth.

• Step 3: Enter the information regarding your job type, yearly income, educational qualifications, and smoking/tobacco consumption habits.

• Step 4: Choose IndiaFirst term plan from the list of term insurance plans that appears.

• Step 5: Pay using your preferred mode to complete the process.

What Are The Riders In IndiaFirst Life Insurance?

Here are the riders in the IndiaFirst Life Insurance:

• IndiaFirst Term Rider: You can avail an additional life cover on your base death benefit for a period of 5 to 30 years with this rider. However, the minimum sum assured should be Rs. 1 Lakh and maximum sum assured must be Rs. 20 Crores.

• IndiaFirst Life Waiver of Premium Rider: With this rider, your premiums will be waived off in case you suffer from death, accidental total permanent disability or critical illness. The minimum premium to avail this rider must be Rs. 500/year.

What Are The Exclusions In IndiaFirst Life Insurance?

Here are the exclusions in the IndiaFirst Life Insurance:

Suicide: If the policyholder commits suicide within 12 months of buying the policy, his/her nominees will not be able to claim the death benefit.

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.