Menu
close
Ask an Expert arrow
search
mic
close-search

No results for

Check that your search query has been entered correctly or try another search.

Ask an Expert

We're happy to know that you're prioritizing your family's future. Our life insurance expert will assist you in finding the best insurance plan. To schedule a call, please share some of the below details.

right-icon-placeholder
right-icon-placeholder
male male

Male

male male

Female

male male

Other

To buy online

8828840199

Chat with us on WhatsApp

02262749898

IRIS is here to help!

Our Virtual Assistant

Plans that will interest you!

IndiaFirst Life Guaranteed Protection Plus Plan

Product Image

Product Name
IndiaFirst Life Guaranteed Protection Plus Plan
Dropdown Field
Tax Saving
Product Description

Need a protection plan? Look no further! This plan aims to give you and your family financial security in an easy way.

Product Benefits
  • Option to Get Your Money Back (ROP)
  • Multiple Life Options 
  • Flexible Premium Terms  
  • Insure your spouse under the same policy.
  • Cover till 99 years of age 
Porduct Detail Page URL

Get Quote

Product Buy Now URL and CTA Text

Learn More

IndiaFirst Life Plan

Product Image

Product Name
IndiaFirst Life Plan
Dropdown Field
Tax Saving
Product Description

A protection plan for your family that helps them stand independently! IndiaFirst Life Plan gives your family a financial cushion to fall back on in your absence.

Product Benefits
  • Flexible Policy Term
  • Life Cover upto 50 Cr
  • Choice to Customise Life Coverage
  • Flexible Premium Terms
  • Tax* benefits
Porduct Detail Page URL

Get Quote

Product Buy Now URL and CTA Text

Learn More

IndiaFirst Life Radiance Smart Invest Plan

Product Image

 

Product Name
IndiaFirst Life Radiance Smart Invest Plan
Dropdown Field
Investment
Product Description

Have you heard of a plan that not only gives you a life cover but also helps in wealth creation? Enjoy 2 benefits in 1 plan with IndiaFirst Life Radiance Smart Invest Plan.

Product Benefits
  • Zero Fund allocation charges
  • 10 different funds to choose from
  • 3 Plan Options 
  • 100% money invested for higher returns
  • Life Cover
Porduct Detail Page URL

Get Quote

Product Buy Now URL and CTA Text

Learn More

IndiaFirst Life Guaranteed Pension Plan

Product Image

 

Product Name
IndiaFirst Life Guaranteed Pension Plan
Dropdown Field
Retirement
Product Description

Make your golden years truly golden! Invest in the Guaranteed Pension Plan that is designed to guarantee an income for as long as you live.

Product Benefits
  • Receive regular income after retirement
  • Choose from 5 different annuities. 
  • Return of purchase price 
  • Cover against critical illnesses

 

Porduct Detail Page URL

Get Quote

Product Buy Now URL and CTA Text

Learn More

Why IndiaFirst Life?

1.6 Crore

Lives secured since Inception

list
Available in 16,500+

BOB & UBI Branches

list

26,796 Crore

AUM as of Feb'2024

list

1 Day

Claim settlement assurance

list

Achieving excellence in claim settlement ratio.

97.04%

Families were financially helped by ensuring quick and easy claim settlements in FY 22-23.

graph image

Plan your financial goals with our easy-to-use calculators.

How much life insurance do you need?

calci

Income Tax Calculator

calci

Pension & Retirement Calculator

calci

Child Plan Calculator

calci

Future Wealth Calculator

calci

Power of Compounding Calculator

calci

Cost of Delay Calculator

calci

ULIP Calculator

calci

PPF Calculator

calci

HRA Calculator

calci

EMI Calculator

calci

BMI Calculator

calci

Paid Up Calculator

calci

Fund Allocation Calculator

calci

How people have benefitted from IndiaFirst Life

Hassle-free Onboarding Process

From the onboarding process to the comprehensive medical tests, IndiaFirst Life ensured a hassle-free journey for me. The features of the plan I purchased are as per my expectations, providing me with peace of mind for future.

Mohit Agarwal

(Mumbai, 21st March 2024)

How people have benefitted from IndiaFirst Life

Pleasant Online Buying Experience

Buying IndiaFirst Life's life-insurance policy was a pleasant experience for me. The hassle-free nature of interaction with the company's representative was a boon and so was the inclusion of must-have features in their policy plans.

Satyam Nagwekar

(Mumbai, 22nd March 2024)

How people have benefitted from IndiaFirst Life

Trusted ally in my financial journey

IndiaFirst Life's Radiant Smart Invest Plan has completely won me over! It's like having a trusted ally in my financial journey. With its flexible fund switch options, I've been able to craft my investments just as I envisioned. In just a year, I've seen a remarkable 20% return on my investments! The support from the onboarding team has been absolutely fantastic, making me feel truly cared for and supported.

Paulomi Banerjee

(Kolkata, 21st March 2024)

How can we help?

View All FAQ’s

Why prefer IndiaFirst Life?

Answer

IndiaFirst Life Insurance Company Limited (IndiaFirst Life) is one of the fastest-growing private life insurers in India, offering products that cater to the unique needs and aspirations of each individual. Our commitment to technology enhances the online life insurance buying experience, making it straightforward and efficient. The robust support from Bank of Baroda and Union Bank of India establishes us as a trusted life insurance company in India.

Who should buy life insurance?

Answer

Every individual, irrespective of age, occupation or marital status, should buy life insurance. Life insurance provides financial security. It can also grow your savings to fulfill future aspirations.
 

Young working professionals can buy life insurance at an early stage to benefit from low premiums. This will help them fulfill their responsibilities that come with growing older.
 

Newly married couples will eventually have children and other financial obligations. If they buy life insurance early, it will help them fulfill their responsibilities with ease.
 

Young parents know that children are an investment. Life insurance can help them cope with all future expenses such as their higher education, marriage and others.
 

Individuals with dependants such as aging parents, unmarried siblings, or physically or mentally challenged children must buy life insurance for their financial security.
 

People with debts who have taken loans can protect their family from the burden of repayment with life insurance.
 

People approaching retirement can have their post-retirement expenses taken care of with the income earned from life insurance.

What are the factors influencing life insurance premiums?

Answer

The life insurance premium amount is determined basis the following:
 

Age: The best life insurance policy is taken when you are young as you are healthy and expected to live longer. This makes you less of a liability to the insurer and you benefit from a lower premium payment.
 

Gender: Scientific and statistical data prove that women outlive men by approximately 5 years. This increases their life insurance policy tenure, giving them the benefit of lower premiums.
 

Medical history: Any prior illness or family history of certain genetic medical conditions could warrant a higher premium payment. To get the best life insurance policy, the insurer may subject you to a medical test.
 

Lifestyle choices: A stressful lifestyle that includes alcohol and tobacco can impact your life insurance premium.

What are the factors you should consider before buying life insurance?

Answer

While life insurance is an absolute must to safeguard your family's financial security, it is important to consider these factors when purchasing a policy.
 

Take a cover you can afford: Life insurance cover is proportionate to premium paid - the higher the premium, the more the cover. Before arriving at this figure, consider all other household expenses and debts. Ensure that you can afford the premium payment for the entre policy term as a missed payment can affect your life cover.
 

Policy tenure: The sum assured should be sufficient to finance your family's future expenses, such as children's education, healthcare for aging parents, as well as provide a steady source of income for daily needs. Choosing life insurance with the maximum tenure will ensure long term financial security.
 

Compare plans: Different insurance companies offer different life insurance products. Compare different plans based upon their offerings, benefits, claim settlement ratio, life insurance claim settlement process and ease of purchase and renewal. Choose a reputed company and beware of spurious ones online.
 

Be honest with your facts: If you suffer from any pre-existing medical condition or life-threatening lifestyle habits, disclose it during policy purchase as every insurance company in India rejects a life insurance claim settlement that is fraudulent.
 

Claim settlement: Check the claims payment process and settlement ratio, to prevent your family's emotional and financial stress during the life insurance claim. A consistently good ratio is a good indicator of the life insurance company's willingness to pay.

What are the different types of life insurance?

Answer

A life insurance company in India offers many options and you will find a life insurance plan that best meets your needs
 

Term insurance: Term insurance is an affordable pure risk coverage life insurance plan that protects your future earning power and your family's financial security in the event of an accident, illness or death by natural causes. If you die before the policy term ends, your beneficiaries receive the sum assured as a death benefit.
 

Endowment plan: Endowment offers the double benefit of life insurance and savings, along with a certain level of guaranteed returns. It is ideal for building a corpus for future needs. If the insured survives the policy term, the maturity amount is paid. If not, the beneficiary receives the sum assured as a death benefit.
 

ULIP: ULIP (Unit Linked Insurance Plan) is a form of life insurance that provides life cover, while growing your wealth through market-linked investments. ULIP offers customized options that can evolve to your needs.
 

Retirement Plan: This gives life cover and helps build a corpus to fund your retirement expenses, which makes it a good life insurance for senior citizens.
 

Annuity Plan: A type of retirement plan, in which the insurer takes a lump sum premium, invests it, and pays you back higher returns as a regular income.
 

Child Plan: This life insurance cum investment plan helps build a corpus for your child's future requirements. In case of your death, the child receives the sum assured as a lump sum or in installments.

What are the Benefits of Life Insurance?

Answer

A life insurance policy is the best financial protection plan as it offers several benefits.
 

Financial security: If you purchase a sizeable life cover, it will be paid as a lump sum death benefit to your dependants, in case of your accidental death. This can help them live comfortably, especially if they do not have a source of income and have young children or aging parents.
 

Wealth creation: Some life insurance plans offer the double benefit of investment plus insurance. The insurer invests a portion of the premium payments in equity funds to grow your funds, while the rest goes towards life cover.
 

Protection for every life stage: Whether it is financial security for your children's future, a steady source of income post the breadwinner's death, retirement planning or simply long-term savings, there is a life insurance policy for every need.
 

Tax savings: Section 80C of the Income Tax Act makes the premium payments tax-free, which reduces your taxable income. Furthermore, Section 10(10D) ensures that the pay-outs also remain tax-free. These tax laws make life insurance a worthy investment.
 

Retirement planning: Your work life may end, but your living expenses will still continue. A retirement life insurance policy offers coverage plus a steady source of income which can fund daily expenses, set up a small business or be reinvested in other financial instruments.
 

Safe investment: Financial products that offer market linked returns are subject to market volatility, which makes them risky. Life insurance, however, offers you assured benefits in exchange for premium payments.
 

Loan options: In case of an unexpected financial crisis, life insurance lets you borrow from the sum assured, depending on the policy terms and conditions.
 

Riders: Riders are additional benefits that you can purchase to make your life insurance policy stronger. Riders protect you from uncertainties such as critical illness, accidental death, or total permanent/partial disability that can cause loss of income.

What is Life Insurance?

Answer

Life insurance is a contract between a policyholder and an insurance company  that provides financial security to a policyholder's family, in case of their demise. The policyholder pays "premiums" to the insurer in exchange for a "life cover", also known as "sum assured". This amount is predetermined during the policy  purchase and is based on the premiums to be paid. Premium payments are made over a period of time called a "policy term," which can be anywhere from two years to several decades. It is important to find a good balance between price and coverage as purchasing too little life cover can affect your family's financial security, in case of your accidental death.

 

Life insurance ensures that your dependents live comfortably after your death. Some life insurance plans pay you the sum assured and a "maturity benefit" if you outlive the term. This makes life insurance a good savings plan too.

How much life insurance do I need?

Answer

The simplest way to figure the minimum life cover to take is to multiply your current annual income by 10-15 times if you are under 55 years of age. For example, if your current annual salary is ₹ 10 lakh, you should buy a life insurance policy with a life cover of at least ₹ 1-1.5 crore. Your life cover depends on many factors such as age, number of dependants, the debts you have, and your financial goals so keep these in mind when you buy life insurance. Know how much life insurance you need here.

How to choose the right sum assured under life insurance?

Answer

The sum assured should be able to cover your family's future expenses in case of your accidental death. To arrive at the right amount, consider the following factors:

  • Expected working years
  • Current regular annual expenses
  • Future life goals and aspirations
  • Current liabilities vs. savings and investments
  • ULIP is a good life insurance plan as it gives the double benefit of insurance and investment.

How does life insurance work?

Answer

Different life insurance products offer different benefits. The simplest and most common form of life insurance, term insurance, provides higher life cover at affordable premium payments. Premiums can be paid on a monthly or yearly basis. Term insurance pays the life cover as a death benefit to the dependants on the policyholder's death. If the holder outlives the policy, there is no reimbursement or payment. Some life insurance products such as whole life plans offer a maturity benefit if the policyholder survives the plan term.

If the life insurance premium is not paid on time, what would happen?

Answer

It is important that premiums paid are within the due date, especially for term insurance. Some life insurance companies offer a grace period of up to 30 days post that. If the premium is not paid within this period, the policy will terminate. You will have lost out on all benefits including your investment.

How do I file a life insurance claim?

Answer

A life insurance claim can be filed at the insurance company's branch, uploaded on their website, or emailed to them. However, the following documents must be provided for the claim to be addressed.

 

  • Claim form
  • Death certificate
  • Insurance policy document
  • Claimant's ID and address proof
  • The insurer has the right to ask for more evidence other than this, if required.

Do my life insurance policy's survivor benefits apply to me?

Answer

Some life insurance companies in India allow the policyholder to claim the survival benefit if he or she survived the policy term. For example, term insurance with the return of premium option (ROP) repays all the premiums paid as survival benefits after the policy matures. However, a pure term plan has no such benefits.

Your guide to life insurance basics.

 

girl-book

India’s Firsts

Embark on a voyage through India’s pioneering achievements with “A collection of India’s Firsts”.






 

vintage-pic

1800 209 8700

Customer Care Number

whatsapp

8828840199

For online policy purchase

call

02262749898

Chat with us on WhatsApp

mail

Protect your family’s future.

Hi, great to know that you are planning for your family’s future, let us understand your requirements better.

right-icon-placeholder

Nice to meet you <first name>

What do you identify as?

male male

Male

female female

Female

other other

Other

Great, when do you celebrate your birthday?

Build a legacy for your family.

Hi, great to know that you want to build a legacy for your family, let us understand your requirements better.

right-icon-placeholder

Nice to meet you <first name>

What do you identify as?

male male

Male

female female

Female

other other

Other

Great, when do you celebrate your birthday?

Build wealth for your child’s future.

Hi, great to know that you want to become the wind beneath your child’s wings. Let us understand your requirement better:

right-icon-placeholder
right-icon-placeholder

Great to know that! <name> is identified as?

male male

Male

female female

Female

other other

Other

Great, when do you celebrate

Plan for your golden retirement years

Hi, great to know that you want plan for your comfortable and super fun retirement, let us understand your requirements better.

right-icon-placeholder

Nice to meet you <first name>

What do you identify as?

male male

Male

female female

Female

other other

Other

Great, when do you celebrate your birthday?

Plan for your second income

Hi, great to know that you want to plan for your second income, let us understand your requirements better.

right-icon-placeholder

Nice to meet you <first name>

What do you identify as?

male male

Male

female female

Female

other other

Other

Great, when do you celebrate your birthday?

Buy your dream house.

Hi, great to know that you want invest for your dream house, let us understand your requirements better.

right-icon-placeholder

Nice to meet you <name> , What do you identify as?

male male

Male

female female

Female

other other

Other

Great, when do you celebrate your birthday?