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Ask an Expert to Buy Life Insurance

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.

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Key features of IndiaFirst Life Group Critical Illness Rider

Protection Against Critical Illnesses

A group rider designed to enhance financial security of group members against Critical Illnesses.

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Affordable Life Cover

The Plan offers an affordable critical illness cover to group members

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Option to choose from 3 different cover

Choose from 3 different critical illness covers which include benefit for 40, 20 and 5 conditions respectively.

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Sum Assured

Avail additional sum assured of upto 50 Lakh, limited to a maximum of 100% of Base Life cover at inception of cover.

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Eligibility Criteria

Age at Entry

Answer
  • Minimum: 18 Years
  • Maximum
    • When attached to one-year renewable group products: 65 years
    • When attached to long term group products: 69 years

Age at Maturity

Answer
  • Maximum
    • When attached to one-year renewable group products: 66 years
    • When attached to long term group products: 74 years 

Sum Assured

Answer
  • Minimum: As per base plan or Rs. 5,000 whichever is lower
  • Maximum: ₹50,00,000 subject to board approved underwriting policy

Rider and Premium Term

Answer

The rider term as well as the premium payment term will be same as that of the base plan, subject to a maximum of 5 years 

Premium Frequency

Answer

As per base plan

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

What is IndiaFirst Life Group Critical Illness Rider?

Answer

IndiaFirst Life Group Critical Illness Rider is a non-linked, non-participating group rider which may be attached to one-year renewable group products or other long term group products, designed to enhance financial security for your members in case of diagnosis of any of the covered Critical Illness.

What is the sum insured in this rider?

Answer

The sum insured in the policy will be as decided by you or your member as required. However, the minimum sum insured would be the base plan’s minimum sum insured or Rs. 5000, whichever is lower.

What are the various benefit options available under this rider?

Answer

There are 3 benefit options, as mentioned below:

  • Critical Illness (CI) Benefit with 40 conditions
  • Critical Illness (CI) Benefit with 20 conditions
  • Critical Illness (CI) Benefit with 5 conditions 

 

Master policyholder/member can choose any one of the above benefit options at inception of cover commencement.  

Is there a grace period for missed premiums?

Answer

Grace period means the specified period of time immediately following the premium due date during which a payment can be made to renew or continue a policy in force without loss of continuity benefits such as waiting periods and coverage of pre-existing diseases. If a valid claim has occurred during grace period, then rider Sum Assured will be paid after deducting due premium. Grace period terms and conditions will be applicable under Regular/ Limited premium payment options. Grace period will be same as per base policy.

What are the premium paying modes available in the rider?

Answer

Premium paying mode depends upon the option selected in the base plan. Minimum premium would be as per the minimum rider sum insured.

The maximum total Rider Premium (which is inclusive of rider extra premium) shall, in no case, exceed 100% of premiums (including extra premium, if any) payable under the base policy

What if you miss paying your premiums?

Answer

In the event of non-payment of premium due under the rider within the grace period the rider will lapse, and no benefit is payable. The cover will cease, and no further benefits will be payable in case of a lapsed rider.

 

How can you revive the rider?

The revival period will be same as the base policy. You can revive your rider within a Revival Period along with the base policy from the date of first unpaid premium subject to applicable Board approved underwriting policy. There is no revival charge or penal interest/Late fees on revival. If rider is lapsed and not revived within Revival Period or rider is opted out from base policy, then inclusion of the rider shall be as per the Board Approved Underwriting Policy. On revival, if allowed, all due unpaid premium will be collected without any interest/Late fees and cover continues subject to Board approved underwriting policy. The revival is subject to satisfactory medical and financial requirements raised by the Insurer. The medical cost, if any to be borne by you. 

What are the benefits available under this rider?

Answer

This rider provides a lump sum benefit equal to rider Sum Insured if the member is diagnosed with any one of the covered critical illnesses during the term of the rider. The rider terminates once the full amount is paid to the member.

 

Note: For transgender lives, if any, male rates will be applicable

 

There will be a waiting period of 90 days from policy or membership inception or from any subsequent reinstatement.

 

There will be a survival period of 28 days applicable between the diagnosis of a critical illness and eligibility for critical illness benefit payment. 

What are the tax*benefits in this rider?

Answer

Tax* benefits may be available on premiums paid and benefits receivable as per prevailing Income Tax* Laws. These are subject to change from time to time as per the Government Tax* laws. Please consult your tax consultant before investing.

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

Answer

This is a pure protection policy. There is no maturity benefit payable under this rider

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Why IndiaFirst life

1.6 Crore

Lives secured since Inception

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Available in 16,500+

BOB & UBI Branches

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27,073 Crore

AUM as of Feb'2024

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1 Day

Claim settlement assurance

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Customer Care Number

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