• IndiaFirst Term Insurance

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Term plans from IndiaFirst offer protection in the truest sense and is a must have policy. These policies are purely meant to cover the family of the life insured against financial uncertainty in the unfortunate case , the sole breadwinner of the family meets their demise. The term plans provide financial security to the family and loved ones of the policyholder and prevents further hardship such as financial commitments like mortgages or other loans from passing on to them and allows them to carry on with the lifestyle they were used to.

    Types of IndiaFirst Term Plans:

    IndiaFirst Life Plan

    Feature

    Description

    Term of the policy

    Minimum term of the policy is 5 years

    Maximum term of the policy is 30 years

    Age of Maturity

    70 years

    Premium Payment Terms

    Single Payment or Regular Payment

    Premium Payment Mode

    Annual, Half-yearly, Monthly and single payment

    Age of entry

    Minimum age is 18 years as at last birthday

    Maximum age is 60 years as at last birthday

    Sum assured

    Minimum sum assured is Rs 5 lakhs

    Maximum sum assured is Rs 20 lakhs

    Premium Amount

    Minimum amount is Rs 500 for monthly, Rs 1000 for half yearly and Rs 2000 for yearly.

    Minimum amount for single payment premium is Rs 5000

    Benefits

    Death benefit is payable

    No maturity benefit

    Surrender benefit only for single premium payment term

    IndiaFirst Anytime Plan

    Feature

    Description

    Term of the policy

    Minimu

    m term of the policy is 5 years

    Maximum term of the policy is 30 years

    Maturity of the policy

    Policy Matures when policyholder or life assured attains 70 years as at last birthday

    Premium Payment Terms

    Single Payment

    Regular Payment

    Premium Payment Mode

    Annual, Half-yearly, Monthly and onetime payment

    Age of entry

    Minimum age is 18 years as at last birthday

    Maximum age is 60 years as at last birthday

    Sum assured

    Minimum sum assured is Rs 10 lakhs

    Maximum sum assured is Rs 49 lakhs

    Premium Amount

    Minimum amount is Rs 2400

    There is no maximum limit

    Benefits

    Death benefit is payable

    No maturity benefit

    Surrender benefit only for single premium payment term

    Features of IndiaFirst Term Plans:

    • Policy cover ages for a period of 30 years providing ample security blanket
    • The policies are easy to acquire and do not need the use of intermediaries. The policies can be bought online from their website
    • The policy offers a surrender value for those policies that have a single premium payment term
    • The policy offers flexibility in payment of premiums and provides grace periods to complete payment in case the due dates are missed
    • The policies offer tax benefits on premiums paid

    IndiaFirst Term Plan FAQ:

    1. Q) Is there a grace period provided for the policies?

    A) Yes. Grace period provided depends on the premium payment term and is 30 days for yearly or half yearly and 15 days for monthly. Failure to pay premium within the time frame will lead to lapsed policies

    2. Q) Can one revive a lapsed policy?

    A) Lapsed policies can be revived within 2 years from date of first missed premium but before the maturity date and the policyholder will have to pay all outstanding premiums and begin regular payment of premiums to revive the policy

    3. Q) Is there a suicide exclusion provided for the policy?

    A) If the life assured commits suicide whether in a sane or insane state of mind within 12 months from the date of commencement of the policy or revival of the policy or issue of the policy, the nominee stands will receive the surrender value of the policy till date. The suicide exclusion is applicable only to single premium payment policies and not regular payment policies.

    4. Q) What are the tax benefits of the policy?

    A) Under sections 80C and 10D of the income tax act of India 1961, the premiums paid towards the policy are eligible for tax deductions.

    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 Term Insurance 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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