Most of us strive to earn a steady source of income, one which can support our lifestyle. While a number of investment avenues offer cashback, finding an insurance policy which also provides cashback can be hard. A good money back policy provides not just life cover, but also an assured income after a specified period of time. IndiaFirst Life Insurance offers solutions for various needs, with it providing a money back plan as well.
Money back plans are ideal for people looking to secure the financial future of their loved ones. These help in meeting medium/short-term goals, with guaranteed payouts, irrespective of market conditions.
Investing in a money back plan from IndiaFirst offers these benefits:
IndiaFirst Life Insurance currently offers a single money back plan:
IndiaFirst Life Cash Back Plan – This is a non-linked, non-participating money back policy which can be purchased by paying limited premiums. Periodical payouts ensure that there is sufficient money for life events. As a limited premium plan one enjoys the benefits of staying protected for a longer period by paying premium only for a specified term.
Benefits and features of IndiaFirst Life Cash Back Plan
|Plan Name||Entry Age||Maturity Age||Minimum Premium|
|IndiaFirst Life Cash Back Plan||Minimum: 15 years
||Maximum: 70 years||Monthly – Rs.522 Quarterly – Rs.1,554 Half-yearly – Rs.3,071 Yearly – Rs.6,000|
There are numerous occasions in life when one requires money. Lack of money during such situations can lead to problems which can have an adverse impact on the individual and his/her family. The Cash Back plan from IndiaFirst ensures that a policyholder has funds at regular intervals, enabling him/her to fulfil his/her duties.
With no risk factor associated with the plan, one can be rest assured that market conditions do not dilute the value of the investment. A limited premium payment term helps one stay protected for a longer period of time by paying a lower amount.
Guaranteed additions ensure that the returns are significant.
Additionally, IndiaFirst Life has established itself as a keen player in the Indian insurance sector, having earned an ISO 9001:2008 certification. The company has a good track record when it comes to consumer grievances, having established a dedicated team to handle all such issues. This ensures that policyholders/nominees do not face any problems when it comes to claims.
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