IndiaFirst Term Plans

IndiaFirst offers best in market protection through its term plans. The term plans offer financial support to the family of the life insured against the odds of his demise in unfortunate cases. The person who has a higher liability on his life needs to have bigger term plan so as to reduce pressure on the family in case of his death.

IndiaFirst Life Plan
  1. Term of Policy: the minimum term of the policy is 5 years however maximum is 30 years
  2. Age of maturity: 70 years
  3. Premium payment terms: the premium can be paid either on regular basis or in single installment
  4. Mode: there are four options of paying the premium viz. single premium, monthly, half yearly or annually
  5. Age of entry: minimum age of entry to the plan is 18 years and maximum entry age is 60 years
  6. Sum assured: one can buy this plan for minimum sum assured of 5 lakh, however maximum sum assured is 20 lakh
  7. Premium amount: minimum premium should be Rs. 500 monthly, Rs. 1000 half yearly and Rs. 2000 annually. However minimum premium for single payment is Rs. 5000
  8. Benefits: surrender benefit (for single premium option), no maturity benefit and death benefit
IndiaFirst Anytime Plan
  1. Term of Policy: the minimum term of the plan is 5 years and maximum is 30 years
  2. Age of maturity: policy will mature on the attainment of the age of 70 years
  3. Premium payment terms: the premium can be paid either on regular basis or in single installment
  4. Mode: single premium, monthly, half yearly or annually
  5. Age of entry: minimum age of entry to the plan is 18 years and maximum entry age is 60 years
  6. Sum assured: one can buy this plan for minimum sum assured of 10 lakh, however maximum sum assured is 49 lakh
  7. Premium amount: minimum premium amount is Rs 2400 however there is no such maximum amount.
  8. Benefits: surrender benefit (for single premium option), no maturity benefit and death benefit
Features of IndiaFirst term plans
  • The cover is for a longer period i.e. 30 years.
  • The policies can be bought online which makes them easy to acquire and hence no intermediaries are required for the same.
  • There is a surrender value also for policies which have single premium mode of payment.
  • Policies offer tax benefit as per Income Tax Act, 1961.
  • There is flexibility in payment of premium and grace period is also provided in case of late payments.
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