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India First ULIP Plans

Today life insurance companies provide you with a vast array of financial products, including to Unit Linked Insurance Plans or ULIPs. These plans work as an investment of your savings and an insurance cover. India First provides you different with ULIPs plans that will give your life coverage and help you increase your savings by investing it market linked funds.

The ULIP Plans from India First Life Insurance:

1. IndiaFirst Smart Save Plan

If you are dreaming of a family vacation overseas, wanting that dream home for you and your family, looking at securing your family’s future then India First Smart Save Plan is the one to opt for. Get the security of insurance cover and help your savings grow through investments in different fund.

The key features and benefits of this plan are :

  • Enhance your savings with investments made in various funds managed systematically.
  • Choose from 4 different funds to make your investments grow.
  • Applicant from the age of 5 years to 60 years are eligible. The maturity age will be 75 years
  • The sum assured will be 10 times the premium amount.
  • Need finance in an emergency? Partial withdrawals will be allowed.
  • Enjoy tax benefits with this plan as per section 80C under the Income Tax Act 1961

2. IndiaFirst Happy India Plan:

This unit linked life insurance plan , is for all parents who want to provide their children with the best in life, from a better education to a better lifestyle. Your children can now aim to dream big and even achieve those dreams without having to worry about the availability of finances.

The key features and benefits of this are:

  • Enhance your savings with investment in various funds.
  • Get life cover for the parent, and in case of untimely death of the policyholder, the nominee will be paid lump sum.
  • Receive funds for each milestone of your child’s life from academic to personal, like finishing high school, college, and also achieving other life events.
  • Switch between funds to enhance your savings.
  • Enjoy tax benefits with this plan as per the Income Tax Act 1961 section 80C

3. IndiaFirst Money Balance Plan:

It provides you with insurance cover and helps you earn from your savings and also ensures your savings are safe.

The key features and benefits of this plan are:

  • Enjoy insurance cover for the whole policy with paying premiums for either limited premium payment or one-time payment of premium.
  • You can access your finance with partial withdrawals being available
  • Switching between funds to enhance your savings never seemed easier.
  • Get tax benefits with this plan under section 80C as per the Income Tax Act 1961

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

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