Indiafirst Life 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

IndiaFirst Life Plan, is a pure term protection plan, which will help you secure the future of your loved ones in your absence. The plan gives you a higher coverage for lower premiums. It is important for all of us that our families have to lead a healthy and happy life which is not affected by any sort of uncertainties. IndiaFirst term plan can give you that web of protection that you need for your family’s well-being. The plan also offers death benefits. The policy ensures that upon the death of the insured individual, the nominee will immediately receive the lump-sum amount and make sure that their lifestyle is unaltered and future needs are met as per their requirements.

Eligibility: Who is the IndiaFirst Life Plan for?

Any earning individual can opt for this plan. listed below are the eligibility conditions required for this plan.

Sum Assured and premium range: What it costs and what you get?

Under IndiaFirst Life Plan, sum assured is received by the nominee of the insured person upon the unfortunate death of the policyholder based on the number of premiums he/she has paid.

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

Plan coverage: What IndiaFirst Life Plan covers?

This is a non-participating pure term insurance plan. The plan does not cover any benefit other than death benefit. In case of an uncertain death of the policyholder, the nominee can avail the benefit and claim the amount to secure the future of their loved ones. The amount paid to the nominee depends on the number of premiums paid, duration covered etc.

Exclusions: What the IndiaFirst Life plan does not cover?

If the policyholder, whether mentally ill or otherwise, commits suicide within one year of the date of commencement of the policy, then the policy becomes void and the company will be liable to pay only the premiums paid until such period.

Other key features: free look period, Surrender value etc.

Tax Benefits: How can you save with IndiaFirst Life Plan?

Tax benefits are always applicable for life insurances. Under this plan, tax benefits are available for the premiums paid under section 80C. When the nominee receives the death benefit of the policyholder, it is exempted under section 10(10D) of the Income Tax act, 1961.

Why you should buy IndiaFirst Life Plan?

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) with 26% shares of the company, Andhra bank with 30% and Bank of Baroda with 44%. The headquarters is situated in Mumbai and most of the operations are carried out through Mumbai. When the company first started its operations in the year 2009, the company made more than Rs 2 billion in just 4 and half months. IndiaFirst Life insurance company has grew to glory since then.

IndiaFirst Life Plan is a pure term protection plan, that even breadwinner of a family should think of having. The plan is affordable to almost every person with wide range of coverage and protection for your loved ones.