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INDIA FIRST Life Insurance

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IndiaFirst Life Insurance

Overview
IndiaFirst Life Insurance Co. Limited was launched in 2010 by then President Pranab Mukherjee and has carved a presence for itself across 1000 cities in the country. The company taps into a huge network of 50 million customers and 8, 000 branches in India and is a joint venture between big names like Bank of Baroda, Andhra Bank and Legal & General Group from the United Kingdom. The company offers protection, retirement, savings, health and wealth plans to customers in tandem with other group insurance solutions. The company is headquartered at Mumbai and focuses on offering simple yet customized plans for clients.

IndiaFirst Life Insurance at a glance
  • One of the fastest growing insurance providers in the country
  • Presence across 1000 cities.
  • Network of more than 50 million customers and 8, 000 branches in India.
  • Claim-settlement ratio of 71.87%
IndiaFirst Life Insurance Term Plans
There are several IndiaFirst Life Insurance Co. Limited term plans on offer for customers. These plans ensure value creation over the long haul and you can build a corpus for accomplishing future objectives. These plans also help in ensuring financial security and there are several tax benefits for the taking as well.

Documents needed to apply for IndiaFirst Term Plans
  • Age proof - (Any One)
    Driving License, Passport, Voter ID Card, Birth Certificate, etc
  • Identity proof – (Any One)
    Driving License, Passport, Voter ID card, PAN Card, Aadhar Card, or any document which proves citizenship
  • Income proof
  • Address proof – (Any One)
    Driving License, Passport and Utility Bill should clearly mention the permanent address
  • Income proof – (Any One)
    Salary Slip, Form 16, ITR
  • Recent passport size photograph

IndiaFirst Term Plans
  • IndiaFirst Anytime Plan: A pure term insurance plan for anyone between 18 and 60 years of age at the time of entry
  • IndiaFirst Star First Combi Plan: A unique product, that combines both life and health cover in a single policy with 5 options to choose from.
  • IndiaFirst Life Plan: A non-participating term insurance plan for anyone between 18 and 60 years of age at entry
  • IndiaFirst Life “Insurance Khata” Plan: A plan designed especially for the rural unbanked and the low income families

1: IndiaFirst Anytime Plan: A pure term insurance plan that can be brought online by anyone between 18 and 60 years of age at the time of entry.

Features Description
Age at Entry (Last birthday) Minimum: 18 years
Maximum: 60 years
Policy Term Minimum: 5 years
Maximum: 40 years
Maximum Age at Policy Expiry 70 years
Sum Assured Minimum: Rs 10,00,000
Maximum: Rs 5,00,00,000
Minimum Premium Annual: Rs 2000
Half-yearly: Rs 1024
Monthly: Rs 174
Single Pay: Rs 10,000
Premium Payment Term Regular Pay, Single Pay
Premium Payment Frequency Regular Pay: Annual, Half-yearly, Monthly
Single Premium: One-time payment

Advantages and Benefits
  • Option to pay monthly, half yearly, yearly or a single premium
  • Life cover for a period up to 40 years
  • Nominee to get lump sum equal to the sum assured in case the assured dies during the plan term

2: IndiaFirst Star First Combi Plan: A unique product, that combines both life and health cover in a single policy with 5 options to choose from.

Star First Optima
Features Description
Age at Entry Health Insurance:
Minimum: 18 years
Maximum: 65 years
Life Insurance:
Minimum: 18 years
Maximum: 60 years
Policy Term 5 years
Sum Assured (Life Insurance) Minimum: Rs 3,00,000
Maximum: Rs 9,00,000
( Total 7 options)
Premium Payment Term Regular Pay
Premium Payment Frequency Annual

Advantages and Benefits
  • Facility of recharge trigger when claimed amount is insufficient
  • Health cover for the entire family (Maximum 2 Adults and 3 Children –till 25 years of age)
  • Advantage of 405 days care procedure in the plan
  • Automatic restoration of up to 100% of sum assured on exhaustion of limit coverage
https://www.indiafirstlife.com/individual-insurance-plan/term-plan/start-first-combi-plans/star-first-optima

Star First Classic
A health-cum-insurance cover combi plan providing for regular hospitalisation benefits along with life cover.

Features Description
Age at Entry Health Insurance:
Minimum: 5 months
Maximum: 65 years
Life Insurance:
Minimum: 18 years
Maximum: 60 years
Policy Term Health Insurance:
1 year and 2 years
Life Insurance:
5 years
Maximum Age at Policy Expiry 65 years
Premium Payment Term Regular Pay
Premium Payment Frequency Life Insurance: Annual

Advantages and Benefits
  • Advantage of 101 day care procedures in the plan
  • Facility of cumulative bonus up to maximum of 25% of sum insured in case of claim free year
  • Option to continue with only the health policy or the life insurance policy
Star First Comprehensive
Features Description
Age at Entry Health Insurance:
Minimum: 3 months
Maximum: 65 years
Life Insurance:
Minimum: 18 years
Maximum: 60 years
Policy Term Health Insurance:
1 year and 2 years
Life Insurance:
5 years
Maximum Age at Policy Expiry 65 years
Sum Assured (Life Insurance) Minimum: Rs 3,00,000
Maximum: Rs 9,00,000
( Total 7 options)
Premium Payment Term Regular Pay
Premium Payment Frequency Annual

Advantages and Benefits
  • Facility of hospital cash as per your sum insured to pay for out of pocket expenses
  • Protect yourself or spouse or kid above 18 years of age with the Personal Accident Cover equal to health sum insured
  • Cover for both caesarean and normal delivery, Out Patient, Dental, Ophthalmic and Bariatric treatment
Star First Delite
Features Description
Age at Entry Health Insurance:
Minimum: 5 months
Maximum: 65 years
Life Insurance:
Minimum: 18 years
Maximum: 60 years
Policy Term Health Insurance:
1 year and 2 years
Life Insurance:
5 years
Maximum Age at Policy Expiry 65 years
Sum Assured (Life Insurance) Minimum: Rs 3,00,000
Maximum: Rs 9,00,000
( Total 7 options)
Premium Payment Term Regular Pay
Premium Payment Frequency Annual

Advantages and Benefits
  • Hospitalisation (including pre and post hospitalisation) , room rent, surgeons’ fees, cost of medicines, emergency ambulance fees covered
  • Flexibility to choose from 7 sum assured options
  • Floating sum assured for health insurance section
Star First Care
Features Description
Age at Entry Health Insurance:
Minimum: 5 months
Maximum: 65 years
Life Insurance:
Minimum: 18 years
Maximum: 60 years
Policy Term 5 years
Sum Assured (Life Insurance) Minimum: Rs 3,00,000
\Maximum: Rs 9,00,000
( Total 7 options)
Premium Payment Term Regular Pay
Premium Payment Frequency Annual

Advantages and Benefits
  • Cover for new born in the family as soon as he/she turns 2 years old
  • Hospitalisation (including pre and post hospitalisation), room rent, surgeons’ fees, cost of medicines, emergency ambulance fees covered
  • Floating sum assured for health insurance section

3: IndiaFirst Life Plan: A non-participating term insurance plan for anyone between 18 and 60 years of age at entry.

Features Description
Age at Entry (Last birthday) Minimum: 18 years
Maximum: 60 years
Policy Term Minimum: 5 years
Maximum: 40 years ( For both regular and single premium)
Maximum Age at Policy Expiry 70 years
Sum Assured Minimum: Rs 1,00,000
Maximum: Rs 50,00,00,000
Minimum Premium Annual: Rs 1000
Half-yearly: Rs 500
Monthly: Rs 100
Single Pay: Rs 5,000
Premium Payment Term Regular Pay, Single Pay
Premium Payment Frequency Regular Pay: Annual, Half-yearly, Monthly
Single Premium: One-time payment

Advantages and Benefits
  • Life cover up to 40 years period
  • No maturity or survival benefit is payable
  • Death benefit payable will be more than 105% of all the premiums paid

4: IndiaFirst Life “Insurance Khata” Plan: A plan designed especially for the rural unbanked and the low income families

Features Description
Age at Entry Minimum: 25 years
Maximum: 50 years
Policy Term 5 years, 7 years, 10 years
Sum Assured Minimum: Rs 2,500
Maximum: Rs 1, 50,000
Premium Minimum: Rs 500
Maximum: Rs 15,000
Premium Payment Term Single Pay

Advantages and Benefits
  • All premiums to be returned on maturity, in case the policy owner survives the policy term
  • Option to buy multiple single premium policies through the insurance Khata
  • Option to choose coverage term from 5/7 and 10 years