IndiaFirst Life Little Champ Plan

(Non Linked, Participating, Life Insurance Plan)

IndiaFirst Life Little Champ Plan provides consistent guaranteed payouts to support your child's education and secure their future, ensuring comprehensive financial protection even in your absence.

Financial Protection
Customisable Policy
Guaranteed Payouts
Flexible Coverage Options
Bonus Accumulation
Tax Benefits as per prevailing tax laws

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Overview
Key features
How to Buy
Eligibility Criteria
Customer Feedback
FAQ

Key Features of IndiaFirst Life Little Champ Plan

Life Cover

Protect your loved ones with life insurance cover in case of death or Accidental Total Permanent Disability (ATPD)

Premium Waiver

No need to pay any future premiums, in case of death or ATPD of the life insured

Policy Flexibility

Choose the policy term, premium payment term, and payment mode that suit your needs

Death Benefit Choices

Choose between lump sum or monthly payments for death benefits.

Payout Options

Choose from 8 payout options offering guaranteed payouts from 101% to 125% of Sum Assured

How to buy IndiaFirst Life Little Champ Plan?

Step 1

Enter information

Fill in the required details such as your name, your child’s name, phone number, etc.

Step 2

Pick sum assured

Choose the sum assured amount and premium payment terms as per your requirement.

Step 3

Review your quote

The insurer will then conduct a verification and a quote will be shown for your confirmation.

Step 4

Speak to our experts

Our sales representative will help you with the process.

Eligibility Criteria

Age

Premium Paying Term (PPT)

Policy Term

Sum Assured

Minimum Annual Premium

Age at Entry

Question: Age at Entry
Sequence
Answer: Minimum: 21 years

Maximum: 45 years
Tags

Maximum Age at Maturity

Question

Maximum Age at Maturity

Sequence

Answer

For Premium Paying Term

o 7 to 12 years - 65 years

o 13 to 14 years - 70 years

Premium Paying Term (PPT)

Question: Premium Paying Term (PPT)
Sequence
Answer: 7 to 14 years
Tags

Policy Term

Question: Policy Term
Sequence
Answer: Premium Paying Term Policy Terms
Min Max
7 15 20
8 16 20
9 17 20
10 18 25
11 19 25
12 20 25
13 21 25
14 22 25
Tags

Premium Paying Term	Policy Terms
Min	Max
7	15	20
8	16	20
9	17	20
10	18	25
11	19	25
12	20	25
13	21	25
14	22	25

For Premium Payment Term

Question

For Premium Payment Term

Sequence

Answer

Minimum Limit

7 to 9 years: ₹1,50,000
10 to 14 years: ₹2,00,000

Maximum limit: No limit, subject to underwriting

Minimum Annual Premium

Question: Minimum Annual Premium
Sequence
Answer: Premium Paying Mode Minimum Premium
Monthly Rs. 1349
Quarterly
Rs. 4015

Half Yearly
Rs. 7934

Yearly
Rs. 15500
Tags

Premium Paying Mode	Minimum Premium
Monthly	Rs. 1349
Quarterly	Rs. 4015
Half Yearly	Rs. 7934
Yearly	Rs. 15500

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)

IndiaFirst Life Little Champ Plan FAQs

View All FAQ

General

Premiums and Payments

Claim and Beneficiary

What is the term of the policy?

Answer: This is a limited premium payment policy with the option of choosing a policy term from 15 to 25 years.

What is the date from which the Risk Cover starts?

Answer: The Risk commencement date is the date of issuance of the policy from which the death coverage starts under this Policy.

Is any tax applicable? If yes, who bears it?

Answer: Yes. The applicable taxes will have to be borne by you, the policyholder. These are subject to change from time to time as per Tax laws.

What are the tax benefits under this policy?

Answer: Tax* benefits may be available on premiums paid and benefit receivable as per prevailing Income Tax Laws. Tax* benefits are subject to change from time to time as per the Income Tax Act, 1961. Please consult your tax consultant before purchasing this policy.

What do you receive at the end of the policy term?

Answer: The Life Assured or nominee will get all the simple revisionary bonuses, if declared accrued and terminal bonus (if declared ) along with the last instalment of guaranteed payout, based on the payout option chosen as maturity benefit.

Can you return your policy (free look)?

Answer

A period of 30 days (from the date of receipt of the policy document) is available to the policyholder to review the terms and conditions of the policy. If he/she is not satisfied with any of the terms and conditions, he/she has the option to cancel his/her policy.

On cancellation, the Company will refund an amount equal to the:

Premium paid

Less: i. proportionate risk premium for the period of cover

Less ii. Any stamp duty charges

Less iii. Expenses incurred on medical examination of the proposer, if any

What is the IndiaFirst Life Little Champ Plan?

Answer: IndiaFirst Life Little Champ Plan is a non–linked, participating, endowment insurance plan. It helps you plan the financing for your child’s education through payouts at regular intervals and securing the child’s future even in case of your death or ATPD. By way of its unique liquidity feature of guaranteed payouts, bonus accumulation (if declared), and life insurance benefit, this product offers a perfect blend for taking care of the financial needs of your child.

How much can you at least pay to purchase this policy?

Answer: Premium Paying Mode Minimum Premium
Monthly Rs. 1,349
Quarterly Rs. 4,015
Half Yearly Rs. 7,934
Yearly Rs. 15,500

Premium Paying Mode	Minimum Premium
Monthly	Rs. 1,349
Quarterly	Rs. 4,015
Half Yearly	Rs. 7,934
Yearly	Rs. 15,500

What are the premium paying modes available under the policy?

Answer

The life assured has the option to pay monthly/ quarterly/ half yearly / yearly mode.

The following premium frequency factors for monthly, quarterly and half yearly policies will apply on the yearly premium for the below frequency.

Premium Frequency	Factor To Be Applied To Yearly Premium
Monthly	0.0870
Quarterly	0.2590
Half Yearly	0.5119

Who are the people involved in the policy?

Answer

This policy may include the 'Life Assured', the 'Policyholder', the 'Nominee(s)' and the 'Appointee'.

Who is a Life Assured' ?

Life assured is the person, on whose life the policy has been issued. Death cover starts immediately on the Policy start date. On the Life Assured's death, the relevant benefit is paid out and the policy continues to ensure predefined payouts. Any person can be the life assured, as long as –

Minimum Entry Age	Maximum Entry Age
21 Years	45 Years

The maximum maturity age depends upon the premium paying term as shown in table below

Premium Paying Term	Maximum Maturity Age
7 to 12 Years	65 Years
13 to 14 Years	70 Years

Who is a policyholder?

A policyholder is the person who holds the policy.

Who is a nominee(s) ?

Nominee(s) is/are the person(s) nominated by the Life Assured under this Policy who is authorized to receive the claim benefit payable under this Policy and to give a valid discharge to the Company on settlement of the claim.

Who is an appointee?

Appointee is the person to whom the proceeds/ benefits secured under the Policy are payable if the benefit becomes payable to the nominee(s) and nominee(s) is minor as on the date of claim payment.

What is the Sum Assured under this policy?

Answer

You have the option to choose the Sum Assured as per your needs and requirement

Sum Assured Limits
Sum Assured Limits	Minimum	Maximum
7 to 9 years	Rs. 1,50,000	No limit, subject to BAUP
10 to 14 years	Rs. 2,00,000	No limit, subject to BAUP

What are the Risk Cover options available in this plan?

Answer

The plan provides coverage in case of death, accidental death and ATPD of the life assured.

The following Risk Cover options are available under this plan where premium amount varies depending upon the choice of the options:-

Death Cover
Death Plus Accidental Death Cover (ADB)
Death Plus Accidental Total Permanent Disability Cover (ATPD)
Death Plus ATPD Plus ADB (Comprehensive Cover)

Accidental Death

“Accidental Death” shall mean death:

a. which is caused by Bodily Injury resulting from an Accident and

b. which occurs due to the said Bodily Injury solely, directly and independently of any other causes and

c. which occurs within 180 days of the occurrence of such Accident provided date of accident is within the policy term

Accidental Total and Permanent Disability refers to a disability, which:

a. is caused by Bodily Injury resulting from an accident, and

b. occurs due to the said bodily injury, directly and independently of any other causes, and

c. occurs within 180 days of the occurrence of such accident provided date of accident is within the policy term

For the purposes of this benefit, the loss of both arms, or of both legs, or of one arm and one leg, or of both eyes, shall be considered total and permanent disability, without prejudice to other causes of total and permanent disability.

“Loss of an arm or a leg” shall mean physical severance of the arm at or above the wrist or physical severance of the leg at or above the ankle which:

a. is caused by bodily injury resulting from an accident, and

b. occurs due to the said bodily injury, directly and independently of any other causes, and

c. occurs within 180 days of the occurrence of such accident irrespective of the expiry of policy term provided date of accident is within the policy term.

“Loss of an eye” shall mean total and irrevocable loss of sight of an eye which:

a. is caused by bodily injury resulting from an accident, and

b. occurs due to the said bodily injury, directly and independently of any other causes, and

c. occurs within 180 days of the occurrence of such accident irrespective of the expiry of policy term provided date of accident is within the policy term.

An “Accident” is a sudden, unforeseen and involuntary event caused by external and visible means.

“Bodily Injury” is accidental bodily harm excluding illness or disease solely and directly caused by external, violent means which is verified and certified by a Medical Practitioner.

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