IndiaFirst Smart Save Plan

Features of the IndiaFirst Smart Save Insurance Plan

1. This is a (ULIP), which means that the risk will be borne by the policyholder.
2. Choose among 5 investment fund options:
   1. Equity 1 Fund.
   2. Balanced 1 Fund.
   3. Debt 1 Fund.
   4. Index Tracker Fund.
   5. Value Fund.

1. No additional riders available.
2. No Top Up options available.
3. Switching is possible, with a minimum amount of Rs.5,000, with 24 free switches every year (2 free, per month).
4. Partial Withdrawal facilities are available, after 5 policy years or 18 completed years of age of the policyholder.
5. Loans are available under this plan before 5 policy years (and not after).
6. Investments can be protected against market fluctuations in the last 3 years of the plan before maturity.
7. Single, limited and regular payment options available.
8. If policyholder stops paying premiums before 5 policy years are completed, then the Fund Value (net of any discontinuance charges) will be transferred to the Discontinued Policy Fund. This fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after 5 policy years are completed. In case the policyholder dies within this time period, only the accumulated fund value will be disbursed to the nominee.
9. If the policyholder stops paying premiums after 5 policy years are completed, then the total accumulated policy fund amount till the date of discontinuance will be disbursed to the policyholder, and the policy will terminate immediately.
10. In case the policyholder wants to surrender the policy before 5 years are complete, the will stop and the Fund Value (net of any discontinuance charges) will be sent to the Discontinued Policy Fund. This fund will be credited with a minimum interest rate of 3.5% p.a. and the funds generated from this will be disbursed after 5 policy years are completed. In case the policyholder dies in this time, only the accumulated fund value will be payable to the nominee.