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Group Insurance Plans

 

Safeguard Or Protect Your Loan

 

ULIP As A Wealth Creator

 

Insurance Company As Fund Manager For Corporates

 

Fund Management Philosophy

Groups work with and exist only because of their members. Members could be your customers, employees or any other individuals associated with you. The value that individual members bring to your group can never be underestimated. However, while being an important part of your group or organization, they are also an essential part of their family. It is hence your responsibility to ensure basic financial security for them. You may choose from our range of group products including IndiaFirst Employee Benefit Plan, IndiaFirst Group Credit Life Plan and IndiaFirst Group Term Plan

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We wish to fulfill our dreams for ourselves and our family. When we take loans from banks and financial institutions to fulfill these dreams, we need to protect ourselves from the risks we expose ourselves and our families to. Realizing this inherent need to secure our risk of financial liability while fulfilling our dreams, we bring to you the IndiaFirst Group Credit Life Plan - a pure term plan offered to borrowers (of a common lender) against any loan. This plan provides you with a risk cover that shields your family from the burden of your loan liabilities.

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A ULIP is a life insurance plan, which offers the dual benefits of protection as well as savings. The protection component is the insurance cover while the savings component is that portion of the premium that is invested by the insurance company on your behalf in a fund/(s) of your choice. The first one is called Death Benefit and the second one, Maturity Benefit. At present, we provide you the IndiaFirst Smart Save Plan and the IndiaFirst Young India Plan to help you fulfill your dreams while ensuring the financial security of your loved ones.

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The nature of the Life Insurance business implies the formation of technical provisions, investment in & the holding of assets to cover these technical provisions and a solvency margin. An insurer has to meet its contractual liabilities to policyholders by managing such assets in a sound, careful and practical manner taking into account the profile of the liabilities held and, indeed, the complete risk-return profile. The complete risk-return profile results' from an integrated view on product and underwriting policy, reinsurance policy, investment policy and solvency level policy.

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Everyone has two basic expectations - Safety and Returns. Both are opposite goals, but we work hard to achieve both in a balanced way. We have an institutional policy which is mandated by the Board monitored by Investment Committee and delivered by the team. This is the framework in which we operate. This framework is tight as well as practical enough to allow room for judgmental exceptions which are not taken just by one individual but by the whole team. We have professional fund managers who are experts in the equity and fixed income markets to take care of your returns.

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