Indiafirst Anytime Plan

• Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
• Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
• Do more with plans that offer pure protection, retirement planning and investment options

The IndiaFirst Anytime Plan is a pure term insurance scheme. The policyholder must always protect his/her loved ones from all sorts of uncertainties. The policyholder must ensure the fact that no event upsets your family’s well-being. The IndiaFirst Anytime Plan allows the holder of the policy to enjoy a cover period of 30 years at a price that is easily affordable. The policy ensures that upon the death of the insured individual, the nominee of the assured receives the lump sum payout. The IndiaFirst Anytime Plan takes care of the policyholder’s family even when he/she is not around to watch over them.

Eligibility – Who is the IndiaFirst Anytime Plan for?

In order to buy the IndiaFirst Anytime Plan, a customer has to fulfil certain eligibility criteria with respect to his/her age and the amount of insurance he/she seeks. These conditions are as shown below:

Sum Assured and Premium Range – What you get and what it costs

Sum Assured – Under the IndiaFirst Anytime Plan, sum assured is received by the nominee of the insured person upon the unfortunate death of the policyholder. The minimum sum assured under the IndiaFirst Anytime Plan stands at Rs.10,00,000. The maximum sum assured under the IndiaFirst Anytime Plan stands at Rs.49,00,000.

Note – The life insurance must be in the multiples of Rs.1,00,000.

Premiums – Premium is the amount that the policyholder pays in order to keep the IndiaFirst Anytime Plan active. The premium amount is affected by the premium payment frequency and premium payment mode. The policyholder can choose to pay the premiums for the IndiaFirst Anytime Plan via Regular Premium Payment mode or Single Premium Payment mode.

Disclaimer – The premiums may vary depending upon factors like age, location, plan term, etc.

Plan Coverage – What the IndiaFirst Anytime Plan covers

This insurance scheme is a non-participating pure term assurance policy. It does not offer any survival benefit or maturity benefit.

Exclusions – What the IndiaFirst Anytime Plan does not cover

Suicide Exclusion – In case the insured individual commits suicide within a period of 12 months from the revival date of the policy or the commencement date of the policy, whether insane or sane, death benefit will not be paid out by the insurer. However, in case of a policy with single premium mode, surrender value will be paid out. This payout does not depend on the mental condition of the policyholder at the time of death.

Other Key Features

Tax Benefits – How you can save under the IndiaFirst Anytime Plan

At present, the policyholder is eligible for tax benefits under the prevailing tax laws. However, it is advisable that one consults his/her tax advisor for a better understanding of the available tax benefits. The policyholder can avail deductions up to an amount Rs.1,00,000 on the paid premiums under the IndiaFirst Anytime Plan as per Section 80C of the IT Act, 1961. The death benefit under this plan is also eligible for tax deductions under Section 10 (10D) of the IT Act, 1961.

Why you should buy the IndiaFirst Anytime Plan from IndiaFirst Life Insurance Company?

The IndiaFirst Life Insurance Company is one of the leading insurance solution providers in India. The solutions offered by this company come with a lot of flexibility and innovation. They are designed to meet the needs of the customers. The IndiaFirst Life Insurance Company is the conglomeration of Legal and General (UK), Andhra bank and Bank of Baroda. Bank of Baroda is one of the largest banks in India with more than 3,900 branches spread across the country. Andhra Bank, on the other hand, has served Indian customers for more than 89 years. It has above 1,700 branches spread all over India. Legal and general Group (UK) comes with a lot of international experience. The IndiaFirst Anytime Plan allows the policyholder to enjoy a cover period of 30 years at a price that is easily affordable. The policy ensures that upon the death of the insured individual, the nominee of the assured receives the lump sum payout.