IndiaFirst Life Insurance Reviews, Ratings, Best Plans and USPs

IndiaFirst Life Insurance has a wide range of plans each suitable to fully secure its policyholders & its term insurance plans offer a high protection cover for low premiums. Whenever the sudden need of hospitalization arises then it may even lead us to a point that if we are not secured – it could leave us mentally stressed. To come out or to avoid this agony it is ideal to opt for one of the insurance plans as per our basic needs & requirements. This is the ultimate way to safeguard the lives & interests of our loved ones.

To avoid such difficult situations below are the top policies offered by IndiaFirst Insurance:

• Term Plans
• Savings Plans
• Child Plans
• Investment Plans (ULIPs)
• Point of Sale Plans
• Retirement Plans
• Common Service Centre Plans

Term Plans

Terms plans is one of the cheapest plans available in the market which offers a massive coverage fulfilling most of the needs at a very low cost. It assures that the needs of the family will be taken care of in case of loss of life of the sole breadwinner. This is the go-to plan for most of us. Let us look at some of the term plans offered by IndiaFirst Insurance:

IndiaFirst Anytime Plan

It provides a high coverage at a considerably low cost. It is a hassle-free buy which can be easily bought from the company’s website thus targeting a low premium. There are two options to pay off the premium under this plan – Regular Pay and Single Pay. Regular payments can be made under the first option in the plan during the entire duration of the policy. Or else, under Single Pay a lumpsum payment is made at the start of/inception of the policy. Also, in case of death of insured during the tenure of the policy the entire sum assured is safely handed over to the nominee.

IndiaFirst Life Plan

The following are the features of the plan:

• Unique benefit provided to the insured under this plan – Inter Consultation services by medical experts for medical review
• Premium payment options – either via Regular pay or Single pay
• The company categorizes and adopts differential premium pricing facility for smokers and non-smokers. They are allowed to choose coverages ranging from Rs. 50 lakhs or above
• A minimum of 105% of all premiums cleared off till date of death – is paid to the nominee as sum assured in case of death during the tenure of the policy

India First ULIPs

Unit Linked Insurance Plans (ULIP) are nothing, but a combination of insurance plans mixed with the best of features of mutual funds. Whatever premiums are paid by insured over a period of time are collected in the form of a corpus and then readily invested in the stocks and shares of several companies which are operating in the capital market. They promise amazing returns which are linked to the market as premium paid is invested at a prevailing NAV which tends to fluctuate as per the market cycle – this helps to sustain a wider insurance coverage.

Every fund represents a certain risk criterion – the return size is directly related to the risk factor involved in the fund.  Here, the applicable charges like administration charges, fund management or administration charges are deducted from the premium paid. Premiums are set out to be locked in for approx. 5 years after which partial withdrawals are allowed from the fund portfolio.

• Equity Fund – High Risk
• Debt Fund – Low Risk
• Balanced Fund (Mix of Equity & Debt Fund) – Moderate Risk

IndiaFirst Smart Save Plan

The features of this plan are as follows:

• Premiums are invested either into the following of the fund basis the discretion of the policyholder: Equity 1 fund, Debt 1 Fund, Value Fund, Balanced 1 Fund
• On maturity, fund value is given out either in lumpsum or in installments over a period of 5 years under a Settlement option
• A total of two free switches is allowed every month to change between the funds with a bare minimum value of Rs. 5000 giving an option to premium redirection of future premiums to another fund
• Unlimited free partial withdrawals subject to Rs. 5000 is allowed to be made from the fund

IndiaFirst Child Plans

Child Plans are favored by most parents who have young children to provide for. In the best of their child’s interest & welfare if in case the parent/guardian meets with any unfortunate and unexpected life threat – this plan is the one to go to. Here, the underwriting is done on the life of the parent & the details of the child are provided under the policy.

IndiaFirst Traditional/Investment Plans

The basic features of these plans are as follows:

• Plans are issued for a longer term and ideally money cannot be withdrawn from the plans
• The plan becomes paid-up if at least three full years’ premium is cleared off and future premium payments are stopped by insured. In such a case, either a reduced sum assured is maintained with reduced coverage or an option to surrender the plan is given to policyholder when plan becomes paid up
• Plans are classified either as participating or non-participating plans. The participating plans are entitled to a share in the bonuses and profits of the company unlike the non-participating plans.

IndiaFirst Maha Jeevan Plan

• IndiaFirst term rider is available for a more comprehensive coverage
• Loans are available up to a maximum of 90% of surrender value
• When the maturity becomes due, the guaranteed sum assured is paid and also in addition to that simple revisionary bonus or terminal bonus is paid to insured

IndiaFirst CSC ShubhLabh Plan

• This plan can be conveniently bought with the help of Common Service Centers by simply providing name and the Aadhar card numbers
• A unique feature here is that a guaranteed floor rate of 1% is added into the account each year
• In the initial 5 years an interest (guaranteed) is credited to the account at approx. 4% and further the rate reduces to 0.5% from 6^th year onwards

Best policies of IndiaFirst Insurance Life Insurance

IndiaFirst Insurance Life Insurance caters to a wide range of life insurance and wealth management plans. The key details of the best policies of IndiaFirst Insurance life insurance are listed in the table below: