IndiaFirst Life Plan

IndiaFirst Life Plan is a pure term insurance plan that ensures that your loved ones are taken care of, even in your absence.

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Key Features

  • Enjoy a life cover for a period of up to 40 years at a reasonable price
  • Your family is secured, as they get an assured lump sum benefit immediately, in case of untimely death of the life assured.

Benefits

  • Tax Benefits:
Enjoy tax benefits on the premium you invest under Section 80C of Income Tax Act, 1961. Your family members also gets 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 the event of the life assured’s demise during the plan term, the nominee/ appointee/ legal hair will receive a lump sum amount equal to the sum assured. Death Benefit payable to the nominee/ appointee/ legal heir will be more than 105% of all the premiums paid at any point of time.
  • Maturity Benefit:
This is a term-plan.

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 18 years 60 years
MATURITY AGE - 70 years
POLICY TERM 5 years 40 years
SUM ASSURED Rs.10,00,000 Rs.50,00,00,000
PREMIUM PAYMENT 5 years or Single Payment
PAYMENT MODE Single, Monthly, and Half-Yearly

What if?

I am unable stop paying the premium

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