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    Indiafirst Anytime Plan

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment 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:

    Minimum age to apply 18 years
    Maximum age to apply 60 years
    Maximum age at maturity 70 years

    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.

    Maximum sum assured or life cover Rs.49,00,000
    Minimum sum assured or life cover Rs.10,00,000

    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.

    Premium Payment Mode (Regular Premium) Yearly, half-yearly, monthly (via direct debit or ECS)
    Premium Payment Mode (Single Premium) One time
    Premium payment frequency for monthly premium payment mode 0.0870
    Premium payment frequency for half-yearly premium payment mode 0.5119

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

    Plan Coverage – What the IndiaFirst Anytime Plan covers

    Death Benefit In case the assured person encounters death in an unfortunate event, the death benefit is paid out to the nominee. The amount that is received by the nominee is equal to the sum assured as per the policy.
    Surrender Benefit Surrender Value is paid out if the policyholder surrenders the insurance policy after 3rd term year and before end of the term. No Surrender Value is payable in case of a regular premium policy.

    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

    Grace period A grace period of 30 days can be availed by the policyholder under the IndiaFirst Anytime Plan for half-yearly and yearly premium payment modes. For monthly premium payment modes via direct debit and ECS, a grace period of 15 days can be availed by the policyholder. This is time offered by the insurer to the policyholder for payment of premiums. The plan benefits under the policy continue to be active during the grace period.
    Free look period A free look period of 15 days can be enjoyed by the policyholder under the IndiaFirst Anytime Plan. If the policyholder does not like the terms of this policy, he/she can return the original policy document to the insurer and cancel the policy. The policyholder must provide his/her reason for not accepting the policy in writing and send it along with policy document. The amount refunded will have applicable deductions like stamp duty charges, cost of medical examination (if any), etc.
    Revival The IndiaFirst Anytime Plan can be revived by the policyholder by making payment for the unpaid premiums. The revival of the policy can happen only within a specific period of time.

    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.