IndiaFirst happy India Plan

IndiaFirst Happy India Plan is a unit linked endowment insurance plan that offers you insurance cover on your life and additionally helps you to grow your money through market linked instruments. This ensures that your family receives financial support as planned by you, even in your absence.

Key Features

  • Your child or loved one will receive funds at every momentous occasion in his/ her life as planned by you - be it high school/ college/ professional course and any other life events.
  • You have an insurance cover on your life which ensures that your loved one receives a lump sum amount (sum assured) in case of any unfortunate event results in the life assured’s death.
  • Your family gets additional financial security even if any unfortunate event results in the life assured’s death/ disability. We will do this by paying the remaining premiums into the plan or directly to you.
  • You can opt for the beneficiary to receive the fund value at maturity even if the sum assured has been paid out, in the unfortunate event of the life assured’s demise.
  • You can make the most of your investments by ‘switching’ from one fund to another.
  • Get easy access to your money by being able to withdraw partially.


  • Tax Benefits:
Enjoy tax benefits on the premium you invest under Section 80C of Income Tax Act, 1961. Your family members also get benefits without any applicable Tax, in case of demise of the life assured under Section 10(10) D of Income Tax Act, 1961.
  • Death Benefit:
Your beneficiary will receive the sum assured amount if he/ she has attained the age of 18 years, in the unfortunate event of the life assured’s demise, during the plan term. The sum assured will be paid out to the appointee if the beneficiary is a minor. However, at any point of time, the death benefit will not be less than 105% of the total premiums paid during the plan term.
  • Maturity Benefit:
You receive the fund value at the end of the plan term

Am I eligible?

ENTRY AGE 18 years 50 years
MATURITY AGE - 60 years
POLICY TERM 10/15/20/25 years
SUM ASSURED 7 times of annualized premium 10 times of annualized premium
PREMIUM PAYMENT TERM 10 years 25 years
PAYMENT MODE Yearly, Monthly, and Half-Yearly

What if?

I am unable to pay premium on time

Grace period of 30 days will be provided and you should pay the premium with in the specified time period.

I want to take a loan

Such option is not available in the policy