Indiafirst Life Term Plan

IndiaFirst Life Insurance Company is a private sector life insurance company. This life insurance company is a joint venture between Union Bank of India, Bank of Baroda and Carmel Point India Investment India Private Limited.

There are various types of insurance plans offered by IndiaFirst Life Insurance Company. People are also provided with the benefit of term insurance coverage in the form of a term plan by IndiaFirst.

Under Indiafirst Life Term Plan, if the life assured dies during the policy term, then the amount is provided as death benefit to the nominee by the life assured.

One of the salient features of the term plans offered by IndiaFirst Life is that you can opt to receive the premiums paid by you post the policy term.

Features Of IndiaFirst Life Term Plan

Features of IndiaFirst Life Term Plan are as follows-

1. IndiaFirst Life term plans offer you the coverage of a term plan at a very affordable rate. If you get a term insurance policy at a young age, then you have to pay the minimum premium. So it is necessary that you get your term plan at working age.
2. IndiaFirst Life Term Plan gives you the option of adding options like Critical Illness Benefit. Through this, if you need any kind of medical expenses, then you are provided with the amount of money through the insurance amount.
3. In IndiaFirst Life Term Plan, you get multiple options to receive the pay-outs. You can choose to receive it in the form of monthly installments or as a lump sum payment.
4. In IndiaFirst Life Term Plan, you are also provided with the benefit of Disability and Accidental Death Benefit. If you become disabled or you die in an accident, then through this the sum assured is provided to the nominee.
5. You also get tax benefits in IndiaFirst Life Term Plan. In this, you are given tax exemption on the premium paid under Section 80C of the Income Tax Act, 1961 and under Section 10 (10D) on the death benefit.
6. With IndiaFirst Life Term Insurance Plan, you can get term insurance plan coverage for the entire life i.e. till the age of 99 years.
7. In IndiaFirst Life Term Plan, you get the premium payment options like monthly, quarterly, half-yearly, yearly and lump sum premium payment options.

Benefits Of IndiaFirst Life Term Plan

The benefits of IndiaFirst Life Term Plan are as follows-

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1. Trusted:

IndiaFirst Life Insurance Company is known to be one of the trusted life insurance companies. IndiaFirst Life Term Plan is backed by Bank of Baroda and Union Bank of India. Because of this, IndiaFirst Life Term Plan is trusted among the people.

2. Claim Settlement Ratio:

The claim settlement ratio of IndiaFirst Life Term Life Insurance Company is 100%. Hence, if any claim is made by a customer for insurance, it is settled 100%. While taking insurance from any insurance company, it is very important to see its claim settlement ratio. The higher the claim settlement ratio, the more profitable it is to buy insurance from it.

3. Flexible Options to Choose Plans:

IndiaFirst Life Term Plan gives you the option to choose from different types of term insurance plans as per your requirement. You can choose the type of plan you need in IndiaFirst Life Time Plan.

4. Premium Paying Terms:

You also get a variety of options for premium payment in IndiaFirst Life Term Plan. You can choose the premium term in this according to your capacity.

5. Buy Option:

Buying IndiaFirst Life Term Plan is very easy. You can buy it as per your convenience through both online and offline mediums.

6. High Coverage At Low Premiums:

IndiaFirst Life Term Plan offers you the maximum term plan coverage at the lowest premium. Hence, people who are on a tight budget can also avail the benefits of term insurance coverage through an IndiaFirst Life term plan.

7. Riders:

You also get the option of adding riders to the IndiaFirst Life plan. You can add three types of riders which are as follows-

• ATPD,
• Accidental Death,
• Critical Illness Riders.

8. Return Of Premium:

Generally, you are not provided with any kind of benefit in a term plan. But IndiaFirst Life Term Plan gives you the option of getting all your premiums paid back. If you opt for this, all the premiums paid by you are returned at the end of the policy term.

IndiaFirst Life Term Plan

Following are the term plans offered by IndiaFirst Life:

1. IndiaFirst Life e-Term Plus Plan

You can buy this term plan through online only. In this, many types of benefits are provided to you. Like- Critical Illness Cover, Accidental Cover, Disability Cover etc. Through this term insurance plan, you can avail the benefits of a term plan for a long period of time. It also covers death due to Kovid-19. Along with this, along with live stage benefit, premium discount is also provided to you.

2. IndiaFirst Life Guaranteed Protection Plan

This term plan offered by IndiaFirst Life is available at a very affordable cost. In this, you are provided with various types of benefits. Benefits such as death benefit, accidental total permanent disability, critical illness benefit, etc. are provided on the death of the life assured. It also covers 40 critical illnesses. Also, there is an option to return the premium paid now.

3. IndiaFirst Life Plan

This term plan offered by IndiaFirst Life is available at a very affordable cost. In this, you are provided with various types of benefits. Benefits such as death benefit, accidental total permanent disability, critical illness benefit, etc. are provided on the death of the life assured. It also covers 40 critical illnesses. Also, there is an option to return the premium paid now.

4. Indiafirst Online Term Plan

You can buy this term insurance plan through online medium. In this, death benefit is provided to the nominee in case of death. This term plan also covers critical illnesses. Along with this, Kovid-19 is also covered in this.

IndiaFirst Life Term Plan Eligibility

Eligibility for IndiaFirst Life Term Plan is as follows-

Documents Required For IndiaFirst Life Term Plan

The documents required for IndiaFirst Life Term Plan are as follows-

• application 
• Photo 
• age proof 
• address proof 
• identity proof 
• Income ratio 

IndiaFirst Life Term Plan Premium

In Indiafirst Life Term Plan, you get various premium payment options. You can choose any premium payment option as per your requirement and capability. 

In IndiaFirst Life Term Plan, you get the option of monthly, quarterly, half-yearly, yearly and single premium payment options for premium payment. 

How To Buy IndiaFirst Life Term Plan

You can buy Indiafirst Life Term Plan through both online and offline means. 

To buy through online mode, you have to go to the official website of IndiaFirst Life and go to the term insurance plan section and select the term insurance plan of your choice and buy it online. 

You can approach an insurance representative to buy IndiaFirst Life term plan offline. You will be assisted in buying IndiaFirst Life term plan by an insurance representative and you can easily buy IndiaFirst Life term plan through offline mode.