One of the youngest insurance companies in the country, IndiaFirst Life was started in the year 2010 and has since gone on to become one of the most sought after insurance companies in the country.
Microinsurance plans are perfect for the unbanked rural population as well as other families that have low income. These plans ensure that individuals get the benefit of an insurance plan at a low cost, thus reducing the burden on these families. IndiaFirst Life Insurance Company provides two different microinsurance plans that provide lump-sum payouts at the end of the tenure of the plan as well as financial inclusion. Customers who procure these plans can enjoy greater security and fulfill their dreams faster. Additionally, tax benefits can also be enjoyed on the premium. The two plans that are available are -
IndiaFirst Life MicroInsurance Plans come with a number of advantages as given below:
Policyholders can avail the benefit of small savings with this plan which requires a low premium amount but provides a number of advantageous benefits. Through this plan, individuals can avail an investment that increases every year.
Benefits and Features of IndiaFirst CSC Shubhlabh Plan
|Age at entry (in years)||Age at the end of cover (in years)||Premium Payment Frequency|
This term assurance, micro insurance plan provides return of premium plan. Death benefit is also provided to the nominee in case of the policyholder’s untimely demise as well as maturity benefit if the policyholder survives until maturity.
Benefits and Features of IndiaFirst Life ‘Insurance Khata’ Plan
|Age at entry (in years)||Policy Tenure||Sum Assured||Premium Amount in Rs. (this amount does not include applicable taxes)|
||5 years/7 years/10 years||
A joint venture between Andhra Bank, Bank of Baroda and Legal & General Group, this company has more than 8000 network branches in the country. IndiaFirst Life draws on its team’s experience in wealth management and banking to provide some of the best products which addresses a number of concerns such as savings, retirement, health and protection. All products are economic to procure and also hassle-free. IndiaFirst Life boasts of a high claim-settlement ratio as well as robust customer care service.
IndiaFirst Life Insurance Company follows the principle of ‘customer first’ in all of its activities and is also technology driven so that customers can avail all their policies easily without the need to go to a branch to procure a plan. This company has also won a number of awards and recognitions such as ‘Best Customer Centric Employee Engagement Award’ in 2017, ‘Marketing Capability Award’ in 2016 and ‘Best PR Case Study’ in 2016.