IndiaFirst life cash back plan

It is a non-participating, non-linked, money back insurance plan. The policy provides periodical payouts and security for your family despite the ups and downs of life. Under this policy, you can choose how much you would like to insure yourself based on your requirements.

Key Features

Pay for a limited period under the policy and enjoy periodical pay back through the policy term ¡ You can pay during your earning years but stay invested for longer (9/ 12/ 15 years) based on your requirements ¡ Enjoy every joyous moments of your life through guaranteed payouts at regular interval during the policy term ¡ Enjoy the boost of guaranteed additions that are paid into your policy after completion of every policy year!


  • 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:
In case of life assured's unfortunate demise, we will pay the death benefit to the nominee/ appointee/ legal heir/ assignee / person as directed by a court of competent jurisdiction. The death benefit payable will be the sum of Sum Assured on death and guaranteed addition, till date of death where Sum Assured on death is defined as:
Higher of 10 times of annualized premium or 105% of all premiums paid, excluding service tax and extra premium / rider premium, if any, as on date of death or guaranteed sum assured on maturity. Annualized premium is the annual premium excluding modal factor, extra premium and rider premium, if any.
In the life assured's unfortunate demise, after the payment of death benefit, the policy gets terminated and hence no Survival Benefit or Maturity benefit is payable.
  • Maturity Benefit:
You receive the fund value at the end of the plan term

Am I eligible?

ENTRY AGE 15 years 55 years
MATURITY AGE - 70 years
POLICY TERM 9 years 15 years
SUM ASSURED Rs.50,000 No limit
PAYMENT MODE Yearly, Monthly, and Half-Yearly, quarterly

What if?

I am unable to pay the 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