IndiaFirst Maha Jeevan Plan

IndiaFirst Maha Jeevan Plan offers policyholders an assured maturity amount as well as a simple reversionary bonus declared by the Company every financial year-end. You can also avail any terminal bonus, if any. You can plan your future needs by deciding exactly when you need the assured amount (anytime between 15 and 25 years).

You work hard in life to ensure that your family is safe and comfortable. You make all of life's important decisions with these priorities which is why you may worry about a day when they do not have you to depend on.

Predicting the future is not possible, but it is possible with IndiaFirst Maha Jeevan Plan to make sure that your family's future needs are met even if you are not around to provide them.

Eligibility Conditions for IndiaFirst Maha Jeevan Plan

Minimum age at the time of applying for the plan	5 years as on the last on the last birthday
Maximum age at the time of applying for the plan	55 years as on the last on the last birthday
Minimum age at end of the plan term	20 years as on the last birthday
Maximum age at end of the plan term	70 years as on the last birthday

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Key Features of IndiaFirst Maha Jeevan Plan

Plan type	Non Linked Participating Endowment Plan
Plan basis	Individual
Free look period	15 days
Nomination	This policy allows you to nominate a person who will benefit from the policy. The nominee can be a minor.
Surrendering the policy	It is possible to surrender the policy for immediate cash requirement, any time after three full year's premiums have been paid. The amount payable on surrender will be the higher of Special Surrender Value (SSV) and the Guaranteed Surrender Value (GSV).
Loan	You can avail of a loan amount up to 90% of the available surrender value.
Refund	Pro-rata risk premium for the time the plan was in force Any stamp duty paid Expenses incurred on medical examination, if any
Revival of plan	Paying the pending premium amount and the interest from the due date of first unpaid premium. Begin the payment of premiums
Grace period	15 days
Suicide clause	If the life assured happens to commit suicide, whether sane or not, within 12 months from the date of revival, the benefit payable will be equal to the higher of 80% of total premium paid or surrender value.
Simple reversionary bonus	You may be able to avail a simple reversionary bonus, if any. It is a percentage of the sum assured declared by the company. The rate of bonus or percentage of the sum assured is not fixed and may change from time to time.
Premium Paying Mode	Premium Paying Mode	Minimum Premium
	Monthly	Rs. 522
	Six monthly	Rs. 3,071
	Yearly	Rs. 6,000
	Premium Frequency	Factor To Be Applied To Yearly Premium
	Monthly	0.0870
	Six monthly	0.5119
Life cover	Sum Assured	Limit
	Minimum	Rs. 50,000
	Maximum	Rs. 20,00,00,000

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Benefits of IndiaFirst Maha Jeevan Plan

Death Benefit: A lump sum amount will be paid to the nominee/ legal heir/ appointee in the untimely demise of the Life Assured. The lump sum amount payable will be as mentioned below:

	Less than 45 years	45 years or more
Death Benefit, provided the plan is in force.	Higher of (10 times Annualized Premium or Guaranteed Sum Assured on maturity), Accrued Bonus till death (if any) as well as Term Rider Sum Assured, if opted.	Higher of (7 times Annualized Premium or Guaranteed Sum Assured on maturity), Accrued Bonus till death (if any) as well as Term Rider Sum Assured, if opted.

The death benefit payable will not be less than 105% of the total premiums paid, at any point of time.

Tax Benefit: You can enjoy tax benefits on the premium you invest under Section 80(C). As per Section 10(10D) of the Income Tax Act, 1961, you can also get tax benefits on the benefits you receive at maturity of your plan.

Terminal Bonus: The Company will announce this bonus at the end of the financial year. At the end of the plan term, this bonus amount will be credited into the plan.

Riders:

IndiaFirst Term Rider can be chosen under the plan to enhance the life cover. In case of untimely event of the Life Assured's demise, the additional sum assured which has been opted under the IndiaFirst Life plan will be payable. Please note that the sum assured under IndiaFirst Term Rider cannot be more than the sum assured opted for under the Plan.

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