IndiaFirst Life Investment Plans

The four traditional investment plans from IndiaFirst Life Insurance Company are:

IndiaFirst Life Cash Back Plan

(Non Linked, Non Participating, Limited Premium, Money Back Insurance Plan)

IndiaFirst Life Cash Back Plan offers guaranteed payouts at regular intervals for meeting immediate financial goals and an assured maturity payout for ensuring financial stability in the future.

Product Benefits

• Pays higher of 10 times the annualized premium or sum assured on maturity, along with accumulated Guaranteed Additions, on the unforeseen death of the life assured.
• Enables policyholders to fulfil their short and medium term financial objectives through regular assured payouts.
• Boosts your investments through Guaranteed Additions.
• Lets you enjoy long term benefits on investments by paying only for a limited period.
• Avails tax benefits as per Section 80C and Section 10(10D) of the Income Tax Act, 1961.

Eligibility Details

How the Plan Works

• In case of death, the total of Sum Assured on death and guaranteed additions accumulated, till date of death will be paid. In case the life assured survives during the defined policy term, the life assured will receive periodical pay outs during the policy term. The pay out amount will vary depending upon sum assured at maturity opted by the policyholder.

IndiaFirst Maha Jeevan Plan (Non Linked, Participating, Endowment Plan)

IndiaFirst Maha Jeevan Plan is a participating, non-linked endowment plan that assures the policyholder of a maturity amount. This amount is also accompanied by a revisionary bonus, as declared by the insurer at every financial year end and terminal bonus, if any.

Product Benefits

• Ensures your family's financial security in case of the life assured's unfortunate demise by paying higher of 10 times the annualised premium or sum assured on maturity along with accumulated bonuses.
• Accumulate your savings systematically, through regular premium contributions based on your income and needs
• Boost your investments through bonus (if any) and additional earnings through terminal bonus (if any)
• Plan your future needs and decide when you need the assured amount - anytime between 15 – 25 years.
• Enhance the plan benefits with IndiaFirst Term Rider and get an additional death benefit equal to the rider sum assured in case of the life assured's untimely demise.
• Avail tax benefits under Section 80C and Section 10(10D) as per the prevailing Income Tax Laws

Eligibility Details

The minimum age for applying is 5 years and the maximum age for applying is 55 years. The minimum age at the end of the plan is 20 years and the maximum age at the end of the plan is 70 years.

• Minimum Sum Assured: Rs. 50,000 and Maximum Sum Assured: Rs. 20,00,00,000. The minimum and maximum policy term is 15 and 25 years respectively.

How this Plan Works

• In case of death, a higher of (Guaranteed Sum Assured on maturity or 10 times (7 times if entry age is 45 and above) Annualized Premium) + Accrued Bonus till death, if any + Term Rider Sum Assured, if opted
• In case you survive the policy term, the guaranteed sum assured on maturity along with the simple reversionary bonus and terminal bonus, if any, is paid at the end of the plan term.

IndiaFirst Simple Benefit Plan

IndiaFirst Simple Benefit Plan offers the dual benefit of financial protection and savings. This includes an assured payout along with bonuses for specific occasions like maturity or death.

Product Benefits

• Includes guaranteed maturity amount (sum assured) and the bonus, if any
• Instils savings habit
• Over the counter (OTC) plan issuance with simplified underwriting for a Sum Assured up to Rs. 2 lakh
• Access your money during emergencies by availing a loan of up to 90% of surrender value
• Enjoy tax benefits on premium payment as per Section 80C and maturity benefits as per Section 10(10D) of the Income Tax Act, 1961

Eligibility Details

How the Plan Works

• In case of death a higher of (Guaranteed Sum Assured on maturity or 10 times (7 times if entry age is 45 and above) Annualized Premium) + Accrued Bonus till death, if any.

In case you survive the policy term, the guaranteed sum assured on maturity, along with the simple reversionary bonus and terminal bonus, if any is paid at the end of the plan term.

IndiaFirst Life Guaranteed Monthly Income Plan

IndiaFirst Life Guaranteed Monthly Income Plan is a non-linked, participating, limited premium, life insurance plan that offers monthly guaranteed payouts after the completion of the premium payment tenure and gap year (if opted).

Product Benefits

• Guaranteed monthly source of income
• Makes policyholders eligible for 105% to 125% of their premiums annually
• Offers the flexibility to choose between guaranteed monthly amount immediately post payment years or opt for payouts after a few years
• Offers the flexibility to opt for policy term, premium payment, premium payment modes as per your preference
• Offers bonus at maturity that further enables you to be eligible for a bigger corpus
• Enjoy tax benefits on annual premium payment as per Section 80C and maturity benefits as per Section 10(10D) of the Income Tax Act, 1961

Eligibility Details

How the Plan Works

• In case of death, higher of Sum Assured on death + accrued Simple Reversionary Bonus + Terminal bonus, if any.
• In case the life assured survives the premium payment term, the life assured will receive the guaranteed regular income as survival benefit in this policy. These monthly income payouts will be in the range of 105% to 125% of annualized premium basis the life assured’s age, gender, gap year and premium payment term chosen at inception. The life assured will receive the survival benefit till the last month of policy or date of death whichever is earlier.