• IndiaFirst Secure Save Plan

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    Life holds a number of promises, with each one of us striving to fulfil them. Finance can become a major constraint in achieving these promises, especially if those of our loved ones are linked to ours. IndiaFirst Secure Save Plan is a special product which offers assured returns on an investment, ensuring our loved ones are protected in the event of our demise . A profit savings plan, it helps us plan our future systematically, factoring multiple situations.


    Eligibility Criteria for IndiaFirst Secure Save Plan

    Individuals who wish to purchase this plan need to satisfy a few basic eligibility criteria.

    Minimum entry age 5 years
    Maximum entry age 65 years
    Minimum age at maturity NA
    Maximum age at maturity 75 years
    Minimum premium
    • Monthly payment – Rs 1,044
    • Half-yearly payment – Rs 6,143
    • Yearly payment – Rs 12,000

    Key Features of IndiaFirst Secure Save Plan

    The important features which can help in understanding IndiaFirst Secure Save Plan are highlighted below.

    Plan type Non-linked plan with profit savings
    Plan basis Single/Individual
    Policy term
    • Minimum – 10 years
    • Maximum – 30 years
    Premium payment term Premiums should be paid for a period equal to policy term
    Maturity benefit The sum assured plus all accrued bonuses will be paid on maturity of this plan
    Premium payment frequency Monthly, half-yearly and yearly
    Loan Loan facility available, with the loan amount depending on the surrender value of a policy. Loans upto a maximum of 90% of surrender value can be availed, subject to certain conditions
    Surrender value Policy can be surrendered after three full premiums are paid. Surrender value will be paid in full, with this amount depending on factors like policy term and premium amount
    Free look period The company provides a 15 day free look period within which a policy can be returned
    Alterations NA
    Grace period
    • 15 days for monthly payments
    • 30 days for half-yearly and yearly payments
    Revival/Renewal A lapsed policy can be revived by paying all pending premiums and interests. Revival is possible within 2 years of first missed payment
    Sum assured Minimum – Rs 1 lakh Maximum – Rs 20 crore
    Policy coverage Maturity Benefit, Death Benefit

    Benefits/Advantages of IndiaFirst Secure Save Plan

    IndiaFirst Secure Save Plan offers a number of benefits to policyholders, some of which are mentioned below.

    • Savings – Policyholders can create surplus savings by investing in this plan. This surplus can be used during emergencies/post-retirement.
    • Bonus – The amount invested in a plan is eligible to earn terminal and reversionary bonuses, offering better returns on investment.
    • Tax benefits – Premiums paid and amount received on maturity are eligible for tax exemptions under Sections 80C and 10(10) D of the Income Tax Act respectively.
    • High sum assured – Individuals can choose a sum assured which matches their financial lifestyle, with the plan offering cover up to a maximum of Rs 20 crore.
    • Flexible – Policyholders can choose the premium, policy term and premium payment frequency according to their current financial position.
    • Affordable – Individuals can avail protection under this plan at affordable rates.
    • Maturity benefit – The sum assured and all accrued bonuses will be paid to a policyholder on completion of the policy term.
    • Death benefit – A death benefit equivalent to the sum assured and the bonuses accrued during the policy will be paid to the nominee in the event of demise of policyholder.
    • Loans – Policyholders can avail a loan against their policy, with the plan offering financial security during emergencies.

    Working of IndiaFirst Secure Save Plan

    IndiaFirst Secure Save Plan follows a simple workflow, with eligible individuals expected to follow a few simple steps to enjoy the benefits of this IndiaFirst Life plan . We can understand its working by taking the example of Miss Anusha, a relationship manager with a popular MNC. Anusha decides to purchase this plan on her 35th birthday, choosing to secure the future of her family. She chooses a sum assured of Rs 50 lakhs, with the policy term being 30 years. She pays an nnual premium towards maintaining this policy.

    Consider the following scenarios to see how Secure Save Plan works.

    Scenario 1: Anusha pays all the premiums, with the policy ending after 30 years. In this case, she will receive a maturity benefit which consists of the sum assured plus the terminal and reversionary bonus.

    Scenario 2: Anusha passes away 20 years after purchasing this plan, leaving behind her husband and two children. In this case, her eldest daughter (nominee) will receive a death benefit which includes the sum assured and the bonuses accrued until Anusha’s demise. The policy will cease to end after this lump sum amount is paid.

    Premium Payment

    Policyholders can choose to pay premiums according to their convenience, with an option to pay premiums monthly, half-yearly or yearly.

    Premium Payment Frequency Minimum Premium Maximum Premium
    Monthly Rs 1,044 NA
    Half-yearly Rs 6,143 NA
    Yearly Rs 12,000 NA

    Riders

    This plan can be enhanced by opting for the IndiaFirst Term Rider. This rider can be purchased at an additional cost and provides an extended life cover based on the needs of a policyholder.

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    IndiaFirst Secure Save Plan Reviews

  • Page 1 of 1
    • Indiafirst Life Insurance
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have got a life Insurance policy from the INDIAFIRST LIFE INSURANCE company and I hold this policy for the past 10years and this policy has the tenure of 25years. The customer support service is good with the INDIAFIRST LIFE INSURANCE company.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 29, 2018
    • Indiafirst Life Insurance
      "Good Policy to hold"
      0.5 4.0/5 "Great!"
      I have two life insurance policies with India First Life Insurance company. I pay approximately 1 lakh and 28 thousand rupees for 2 policies. 1st policy completed 2 years and tenure for that policy is 15 years and maturity amount is approximately 12 lakhs. Another policy completed 1 year and tenure for that policy is 5 years and maturity amount is apporximately 7.5 lakhs.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 29, 2017
    • Indiafirst Life Insurance
      "Excellent policy to use"
      0.5 5.0/5 "Blown Away!"
      I am got the India first Life insurance around 10 years ago. The customer support is very good with India first. This policy has the tenure of 30years. I pay the premium of Rs,2600 every month. The plan benefits and the coverage is excellent with India first.
      Was this review helpful? 0
      , nellore
      Reviewed on Oct 28, 2017
    • Indiafirst Life Insurance
      "Better policy to use"
      0.5 4.0/5 "Great!"
      Got the India first money back life insurance policy for more than 3years. The customer support is good with India first. This policy has the tenure of 10 years. The plan benefits and the coverage is good with this policy . The premium amount is Rs,15,000 per year.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 25, 2017
    • Indiafirst Life Insurance
      "Piece of rubbish bordering a scam"
      0.5 0.5/5 "Unacceptable"
      This is mainly sold through BOB branches and used for trapping existing account holders. Abject lack of transparency. Only roaming agents trap the people. You will not get any clear guidelines from actual customar care persons in your town. Nobody knows where there are. If you want to suspend the plan all that the roaming agents do is give you the mail address and that's all.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 12, 2016
    • Indiafirst Life Insurance
      "Term online policy"
      0.5 4.0/5 "Great!"
      I have bought a term policy online with INDIA FIRST LIFE insurance. I have done a online search and I have found this policy . I am supposed to pay a premium of 1600 per quarter and the policy coverage would be for 1 lakhs and I am holding this policy for the past 2 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Sep 03, 2016
    • Indiafirst Life Insurance
      "Good claims"
      0.5 4.0/5 "Great!"
      I have a life insurance with India first. The insurance was provided to me by my company since they have a tie up with this insurance agency. The policy provides me with good claims and claim bonus. Total tenured period is for 10 years and the yearly payment that I make is deducted from my salary.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Jun 10, 2016
    • Indiafirst Life Insurance
      "Great benefits!"
      0.5 5.0/5 "Blown Away!"
      I am having a term insurance policy with IndiaFirst insurance. Premium amount of 660 is paid on monthly basis for this policy. As this is a endowment policy, the policy holder will be covered under the policy for his 70 years. The insurer will give good returns for the low premium if anything happens to the policy holder within the time.
      Was this review helpful? 1
      , thane
      Reviewed on Feb 18, 2016
    • Indiafirst Life Insurance
      "Recommended by my friend "
      0.5 4.0/5 "Great!"
      From INDIAFIRST LIFE INSURANCE I have taken my life insurance policy through my friend. The processing part went smoother with them. One thing is like they will call the customers to make the premiums but by the time I would been already paid it. This only will be quite annoying.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 27, 2015
    • Indiafirst Life Insurance
      "Average plan"
      0.5 4.0/5 "Great!"
      I have a life insurance from india first for 15 years in which after the maturity will get the ,lump sum amount with bonus. Policy coverage offered is 5 lakhs. Payments can be through directly through online . I took the plan through the agent and he gave all the explanation.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 25, 2015
    • Indiafirst Life Insurance
      "Extra benifits..."
      0.5 5.0/5 "Blown Away!"
      Customer service and their guidance was good. Plan benefits an all fine. Executives are really helpful based on my life insurance with India first. Lock in period was 3yrs. But I closed that policy but nothing wrong in it. I got benefited like 11% return. Only thing is, I getting unwanted sales call and it should be avoid.
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 13, 2015
    • Indiafirst Life Insurance
      "Good one.."
      0.5 5.0/5 "Blown Away!"
      It is of normal traditional plan with IndiaFirst Life insurance and sum assured would be nearly of double. This insurance was suggested me by one of the banks while I have taken the home loan and at that time I was in requirement of life insurance thus I took it with IndiaFirst. Customer service is fine and paying premium through online.
      Was this review helpful? 2
      , solapur
      Reviewed on Aug 21, 2015
    • Indiafirst Life Insurance
      "Excellent !!!"
      0.5 5.0/5 "Blown Away!"
      Actually this Indiafirst Life insurance is recommended by Bank of Baroda and the bank is near to my home so easy for me to deal with them. Term insurance is of thirty years plan and no payback amount in this plan actually. Incase the policy holder expires in any situation the amount will be reimbursed to the family members. Reimbursement amount would be of 50lakhs and once in a year have to pay 12thousand.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 16, 2015
    • Indiafirst Life Insurance
      "Better"
      0.5 4.0/5 "Great!"
      I got this life insurance policy from Indian Insurance company through my office. I am not sure about the claim experience because I have not used it yet.I know the general plan benefits of this policy which are like 100000 coverage for Life and 300000 for mediclaim.
      Was this review helpful? 4
      , bangalore
      Reviewed on Mar 26, 2015
    • Indiafirst Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a life insurance with India first Insurance. First of all, the reason why I have chosen the insurance is because of the flexibility as I can my bills on a monthly basis. The total coverage is for 50 years and I have taken that for a period of 15 years. I was looking out for this kind of a policy and the executive guided me with this insurance.
      Was this review helpful? 4
      , amritsar
      Reviewed on Feb 19, 2015
    • Indiafirst Life Insurance
      "Satisfactory"
      0.5 3.0/5 "Satisfactory"
      It was a collateral offer provided by India first along with term loan. The principal amount is good as well as the returns are expected after 2-3 years. Overall life insurance policy with India first is good.
      Was this review helpful? 4
      , nasik
      Reviewed on Jan 26, 2015
    • Indiafirst Life Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I do have one life insurance policy from INDIAFIRST LIFE INSURANCE where the policy covered for 15 years . Yearly I need to pay about 7312 . After 15 years I will get some lump-some amount. They will provide 2 lakhs as accidental insurance . The best part was they will call and remind for the payment
      Was this review helpful? 6
      , bangalore
      Reviewed on Nov 08, 2014
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