IndiaFirst Life Insurance Company, a leading financial institution, is renowned for a range of traditional investment plans that are designed for offering healthy long term returns. They offer the dual benefit of savings and financial security. The insurance company is a joint collaboration of Andhra Bank, Bank of Baroda and Carmel Point Investments India Private Limited. It has an extensive network of 8000+ branches across India.
The four traditional investment plans from IndiaFirst Life Insurance Company are:
(Non Linked, Non Participating, Limited Premium, Money Back Insurance Plan)
IndiaFirst Life Cash Back Plan offers guaranteed payouts at regular intervals for meeting immediate financial goals and an assured maturity payout for ensuring financial stability in the future.
| Eligibility Criteria | Minimum | Maximum |
|---|---|---|
| Entry Age (for 9 year plan) | 15 years | 45 years |
| Entry Age (for 12 year plan) | 15 years | 50 years |
| Entry Age (for 15 year plan) | 15 years | 55 years |
| Maturity Age | - | 70 years |
| Sum Assured | Rs. 50,000 | No Upper Limit (subject to underwriting) |
IndiaFirst Maha Jeevan Plan is a participating, non-linked endowment plan that assures the policyholder of a maturity amount. This amount is also accompanied by a revisionary bonus, as declared by the insurer at every financial year end and terminal bonus, if any.
The minimum age for applying is 5 years and the maximum age for applying is 55 years. The minimum age at the end of the plan is 20 years and the maximum age at the end of the plan is 70 years.
IndiaFirst Simple Benefit Plan offers the dual benefit of financial protection and savings. This includes an assured payout along with bonuses for specific occasions like maturity or death.
| Eligibility Criteria | Minimum | Maximum |
|---|---|---|
| Entry Age | 18 years | 50 years |
| Maturity Age | - | 70 years |
| Sum Assured | Rs. 20,000 | Rs. 5,00,000 |
In case you survive the policy term, the guaranteed sum assured on maturity, along with the simple reversionary bonus and terminal bonus, if any is paid at the end of the plan term.
IndiaFirst Life Guaranteed Monthly Income Plan is a non-linked, participating, limited premium, life insurance plan that offers monthly guaranteed payouts after the completion of the premium payment tenure and gap year (if opted).
| Eligibility Criteria | Minimum | Maximum |
|---|---|---|
| Entry Age | 18 years | 50 years |
| Premium Payment Term | 8 years | 11 years |
| Sum Assured | INR 75,000 No limit subject to board approved underwriting policy | |
You can apply for IndiaFirst Life Traditional Plans in two ways:
There are some traditional plans from IndiaFirst Life Insurance Company that are available only on their official website. All that applicants need to do is to select the required traditional plan and the coverage, and then type in the required personal details. An applicant’s premium eligibility will be decided based on the personal details that he/she has provided. Next, the applicant can pay the premium online through the available modes of payment – debit card, credit card or net banking to purchase your chosen IndiaFirst Traditional Plan.
IndiaFirst Investment Traditional Plans that are not available through their official website can be purchased through their intermediaries, banks, agents or brokers with their assistance.
Why choose IndiaFirst Life Traditional Plan?
Some of the features and benefits of IndiaFirst life traditional plans are as follows:
Which is the best Traditional Plan of IndiaFirst Life Traditional Plans 2019?
The best IndiaFirst investment traditional plan of 2019 depends on your unique financial objectives. One traditional plan would not be the best suited for individuals across varied investment and savings needs.
Which is the best IndiaFirst Life Traditional Plans for long term?
You can consider any of these traditional plans from IndiaFirst Life Insurance - Cash Back Plan, IndiaFirst Maha Jeevan Plan, IndiaFirst Life Guaranteed Monthly Income Plan or IndiaFirst Simple Benefit Plan for long term investment and savings benefits.
Why should I buy IndiaFirst Life Traditional Plans?
Here are some benefits of IndiaFirst life traditional plans:
How to pay premium? What are the modes of payment available?
You can make your premium payment towards your IndiaFirst Life Traditional Plans in the following way:
If your IndiaFirst traditional plan is available on the insurance company’s official website, you have to make your premium payment online through the available modes of payment like debit card, credit card or net banking.
How can I check policy status for IndiaFirst Life Investment Plans?
Visit the IndiaFirst investment company website with your registered user ID and password that is linked directly to your policy number. This will direct you to a page where you can view the relevant policy details.
