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Elite Term Plan
Lifetime protection till age 99 years
High cover at affordable cost
Convenient premium payment options
Sum Assured as lumpsum or monthly instalments
Super Protection Plan
Option to get your money back (Return of Premium- ROP)
Flexibility to pay premiums at your convenience
Lifetime protection till age 99 years
Sum Assured as lumpsum or monthly instalments
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Life Plan
Flexibility to choose the duration
Family will receive the payout
Flexibility to choose the assured amount
Long term protection
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Protect Shield Plus Plan
Instant Issuance
Flat rate cover
No medicals
Tax benefits as per prevailing tax laws
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Saral Jeevan Bima Plan
Life Insurance Cover of up to ₹50 lakhs.
Flexible premium payment options
Up to 40 years of protection for loved ones.
Protection against COVID-19 with lump sum benefit.
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Term Rider Plan
Additional Life Cover for up to 5-30 years
Guaranteed Lumpsum Death Benefit
Enjoy Tax Benefits on Premiums You Invest.
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Elite Term Plan
Benefits at Maturity & Life cover
High cover at affordable cost
Convenient premium payment options
Sum Assured as lumpsum or monthly instalments
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Super Protection Plan
Option to get your money back (Return of Premium- ROP)
Flexibility to pay premiums at your convenience
Lifetime protection till age 99 years
Sum Assured as lumpsum or monthly instalments
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Life Plan
Flexibility to choose the duration
Family will receive the payout
Flexibility to choose the assured amount
Long term protection
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Protect Shield Plus Plan
Flexibility to choose the duration
Family will receive the payout
Flexibility to choose the assured amount
Long term protection
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Saral Jeevan Bima Plan
Life Insurance Cover of up to ₹50 lakhs.
Flexible premium payment options
Up to 40 years of protection for loved ones.
Protection against COVID-19 with lump sum benefit.
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Radiance Smart Invest Plan
Zero Fund allocation charges
10 different funds to choose from
3 plan options to achieve your investment goals
100% money invested for higher returns
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Money Balance Plan
Optimised Investment Strategy
Flexible-Premium Payment
Partial Withdrawal Flexibility
Convenient Fund Accessibility
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TULIP Plus Plan
Up to 100x life insurance cover
Up to 750%* return of Premium Allocation charges
Riders designed to cover additional risks
Reduced premium allocation charge for higher premiums
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TULIP Pro Plan
Up to 20X Life Cover for Your Loved Ones
Additional Coverage through TERM Rider
Multiple Investment Strategies and up to 10 Diversified Funds
Up to 600% of Premium Allocation Charges returned at Maturity
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Wealth Maximizer Plan
Market Linked Returns
Free switches for maximum gain
Long-term loyalty benefits
Add top-up premiums
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Assured Income For Milestones Plan
Guaranteed long-term income plan
Ideal for milestone-based financial planning
Three customizable benefit options
Immediate or deferred income variants
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Guarantee Of Life Dreams Plan
Choice of 3 income Options
UpTo 5% Extra Income on Online Purchase
Enhanced Income Benefit for Women
Option to Choose the date to receive a regular income.
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Guaranteed Single Premium Plan
One-time payment (Single Pay)
Tax saving benefits*
Life Cover that is 1.25 times higher
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Mahajeevan Plus Plan
Life cover of up to 15 or 20 years
Periodic Cash backs
Uninterrupted Life Cover
Money Back Discounts with Early Premium Payments
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Smart Retirement Plan
Market-linked returns, with 3 new funds!
2 plan options to secure your retirement
ZERO allocation or administration charges.
Guaranteed Additions* of up to 5% in Year 1
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Guaranteed Pension Plan
Income for Life
5 Annuity Choices
Joint Life Security
Escalating Annuity option
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Guaranteed Annuity Plan
Retirement Planning
12 Annuity Options
Exclusive benefits for NPS subscribers
Continuity with Joint Life Option
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Guaranteed Retirement Plan
Assured Returns
Beat Inflation
Choose How to Save
Save Longer for up to 40 years
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Assured Income For Milestones Plan
Guaranteed long-term income plan
Ideal for milestone-based financial planning
Three customizable benefit options
Immediate or deferred income variants
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Guarantee Of Life Dreams Plan
Choice of 3 income Options
UpTo 5% Extra Income on Online Purchase
Enhanced Income Benefit for Women
Option to Choose the date to receive a regular income.
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Guaranteed Single Premium Plan
One-time payment (Single Pay)
Tax saving benefits*
Life Cover that is 1.25 times higher
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Life Long Guaranteed Income Plan
Short-Term Payments, Long-Term Gains
Guaranteed Income to fulfill Financial Goals
Lifetime Income Till 99 years of age
Premium Payback Assurance
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Term Rider Plan
Additional Life Cover for up to 5-30 years
Guaranteed Lumpsum Death Benefit
Enjoy Tax Benefits on Premiums You Invest.
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Waiver of Premium Rider
3 Coverage Options
Guaranteed Financial Protection For Your Loved Ones
Policy Remains Effective in Your Absence (WOP)
10 Critical Illness Cover
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ADB Rider
Up to 2 Cr. Additional cover over existing policy
Protect your loved ones at affordable price.
Tax Advantages
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TPD Rider
Up to 1 Cr. Additional cover
Protect your loved ones at affordable price.
Tax Advantages
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Group Living Benefits Plan
Comprehensive Group Health Insurance
Affordable Heatlh Coverage for Corporate
COVID-19 Protection for Group Life Insurance
Fixed Benefit Assurance
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Group Term Plan
Affordable Group Term Insurance
Voluntary or Automatic Enrollment
Enhanced Coverage with EDLI
Flexible Premium Payment
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New Corporate Benefit Plan
A separate plan for each scheme
Minimum guaranteed return of 0.5% p.a.
Yearly Bonus as per company’s performance
Earn easy returns
Little Champ Plan
Financial Protection
Customisable Policy
Guaranteed Payouts
Flexible Coverage Options
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Human Life Value Calculator
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ULIP Calculator
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Future Wealth Creation Calculator
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Find out the interest amount based on your principal, rate, and time using the simple interest method.
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Enjoy 0% GST on your policy premium. Get ₹1 Cr. Life Cover at just ₹22.5/day* + 10%^ Online Discount with IndiaFirst Life ELITE Term Plan (UIN 143N070V01). *^T&C Apply.
Know More
Tired of complicated insurance? We’ve made it effortless - Introducing IndiaFirst Life app-like tool Calculate, plan, and protect—all from your device. Your future is just a tap away.
Install now!
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Maximum Age at maturity: 76 years
Minimum Group Size
Maximum Group Size
Minimum Term: 5 Years
Maximum Term: 30 Years
Minimum Term: 5 Years
Maximum Term: 10 Years
One time payment
Minimum Term: 5 Years
Maximum Term: 30 Years
Minimum Term: 5 Years
Maximum Term: 10 Years
One time payment
Regular & Limited Premium: Monthly/Quarterly/Half-Yearly/Yearly
Single Premium: One time premium only
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 Group Credit Life Plus Plan is a non-participating, non-linked group credit life insurance plan that can be offered to
You, the Master Policyholder can provide an opportunity to your members/ customers to secure their loved ones against the burden of repayment in case of unfortunate event of the life assured’s/ 3 member’s demise or total permanent disability due to the accident during the cover term. The policy will also help you, the Master Policyholder to protect your assets against uncertainty. Additionally, when individuals opt for loans, they can estimate their repayment capacity by using tools like a personal loan EMI calculator. This helps them understand the repayment schedule while ensuring that their loved ones remain financially protected under the plan.
Under this policy, there can be a maximum of two borrowers covered under the same policy.
| Level Term Cover | Reducing Term Cover | |
|---|---|---|
| Premium payment |
|
|
| Cover term |
|
|
| Sum assured |
|
|
The borrowers have the following options -
| First claim basis (100% of Loan) | Loan share percentage | |
|---|---|---|
| Extent of cover |
|
|
| Any one or both the borrower’s demise or total permanent disability due to an accident |
|
|
| Risk cover | Payment of interest | Moratorium Period |
|---|---|---|
|
|
|
Moratorium period is applicable if policy term is in multiple of years.
| Minimum Sum Assured | Maximum Sum Assured |
|---|---|
| Rs. 5,000/- per member | Other than Micro Finance Loan - No Limit; subject to Board approved underwriting policy Micro Finance Loan – Rs. 200,000 per member |
The minimum death benefit amount at any time during the cover term would be at least Rs.5,000
Does the policy offer a high Sum Assured discount?
Yes, the policy offers a high Sum Assured discount to the member as per the table below:
| Premium Paying Options | Sum Assured greater than equals to (Rs) | For Reducing Term Cover Discount rate as a % on premium rate | For Discount rate as a % on premium rate For Level Term Cover Discount rate as a % on premium rate |
|---|---|---|---|
| Single Premium | 3,00,00,000 | 1% | 4% |
| Limited Pay 5 years | 5,00,00,000 | 1.5% | 3% |
| Limited Pay 10 years | 7,50,00,000 | 1.5% | 3% |
| Regular Premium | 10,00,00,000 | N.A. | 1% |
| Regular premium | Limited premium | Single premium |
|---|---|---|
| Monthly (through ECS or Direct Debit)/ quarterly/ six-monthly/ yearly | Monthly (through ECS or Direct Debit)/ quarterly/ six-monthly/ yearly | One time premium only |
The following premium frequency factors for half-yearly, quarterly and monthly policies will apply on Annual Premiums.
| Premium Frequency | Half-yearly | Quarterly | Monthly |
|---|---|---|---|
| Factor to be applied to Annual Premium | 0.5119 | 0.2551 | 0.0870 |
Currently you may be eligible for the below mentioned tax benefits. These are subject to change from time to time as per Government Tax Laws. However, you are advised to consult your tax consultant.
| Premium paid by the Master Policyholder | Premium paid by the Member (by separate payment or by enhancing the loan amount) | |
|---|---|---|
| Master Policyholder | Can claim the deduction under Section 37(1), under Income Tax Act, 1961 for the entire amount paid as premium | No deduction |
| Member | No deduction | Can claim the benefits under Section 80C, under Income Tax Act, 1961. Receipt must be in the name of the individual member or the receipt must state that the premium paid by the Master Policyholder is on behalf of the member |
This policy includes the ‘Master Policyholder and the ‘Member’.
Who is the Master Policyholder?
Master Policyholder is the entity or organization (Bank or Financial Institution)that provides this policy to its customers / members who have taken loans. The Master Policyholder holds the Master Policy.
Who is the Member?
Member is the customer / employee of the Master Policyholder and is the Life Assured under this policy. The benefits are payable on the member’s life. The age limits for a member are -
| Minimum age at entry | Maximum age at entry | Maximum age at maturity |
|---|---|---|
| 14 years (last birthday) | 70 years (last birthday) | 76 years (last birthday) |
What is the group size to whom the cover can be offered?
| Minimum group size | Maximum group size |
|---|---|
| 10 | No limit |
You can offer all of the following cover types to your members -
Sum Assured can be either Level Term Cover or Reducing Term Cover
| Regular Premium | Limited Premium | Single Premium | |
|---|---|---|---|
| Level Term Cover | ✓ | ✓ | ✓ |
| Reducing Term Cover (linked to loan repayment schedule) | ✘ | ✓ | ✓ |
The term of the policy is the cover term of the member which will depend upon the tenure of the loan subject to the conditions mentioned below:
| Cover Term | Regular Premium | Limited Premium – 5 Years | Limited Premium – 10 Years | Single Premium |
|---|---|---|---|---|
| Minimum Term | 5 Years | 8 Years | 14 Years | 1 month to 36 months when cover term is in multiple of months 2 years to 30 years when cover term is in multiple of years |
| Maximum Term | 30 Years | 30 Years | 30 Years | 30 Years |
Maximum Cover Term per member should be less than or equal to loan term subject to the maximum cover term of 30 years
What are the premium paying options available under the policy?
| Regular Premium | Limited Premium | Single Premium |
|---|---|---|
| Equal to Cover Term | 5 years / 10 years | One-time payment |
There is no maturity benefit payable under the IndiaFirst Life Group Credit Life Plus Plan.
In cases where the loan is disbursed in phases, for example: construction linked home loan, the cover will start from the date of the first disbursement and will be equal to the total loan amount.
Tailored for groups it stands as a group protection insurance. This group life insurance offers security for all.
Tailored to meet diverse healthcare needs, this corporate health plan ensures financial security during hospitalisation, disabilities, critical illnesses, and more!
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IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
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IRDAI Information
IRDAI Regd. No. 143 | CIN: U66010MH2008PLC183679Trade logo displayed above belongs to one of our promoters and shareholders, Bank of Baroda and are used by IndiaFirst Life Insurance Company Limited under License.
For more details on risk factors, associated terms and conditions and exclusions please read the product brochure before concluding a sale.
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