IndiaFirst Life Group Living Benefits Plan

(Non-linked, Non-participating, Group Fixed Benefit Health Insurance Plan)

Introducing IndiaFirst Life Group Living Benefits Plan, a comprehensive group health insurance solution for corporations. Tailored to meet diverse healthcare needs, this corporate health plan ensures financial security during hospitalisation, fractures, disabilities and critical illnesses. Choose IndiaFirst for a group health plan that safeguards your employees' life.

Comprehensive Group Health Insurance
Affordable Heatlh Coverage for Corporate
COVID-19 Protection for Group Life Insurance
Fixed Benefit Assurance
Tax Benefits

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Overview
Key Features
Eligibility Criteria
Customer Feedback
FAQ

Key Features of IndiaFirst Life Group Living Benefits Plan

6 Health Cover Options

This plan offers 6 flexible cover options, including Daily Hospitalisation Cash, Broken Bones, Disability, Cancer, Vector-Borne Diseases and Coronavirus Cover.

Daily Hospitalisation Cash Benefit (DHCB)

Get daily cash benefit for hospitalisation, even the ICU - max 60 days per year.

Broken Bones Cover

Accidental Injury Cover pays 50% of the sum insured on 1st claim and the rest on the 2nd claim. Get full reinstatement at policy renewal.

Disability Cover

It offers protection against Accidental Total Permanent Disability (ATPD) or Accidental Permanent Partial Disability (APPD). The benefit is only paid once.

Cancer Cover

Get 20% of the cover on early stage cancer diagnosis, 80% on the advanced stage after 180 days. It can be claimed once only.

Vector Borne Diseases Cover

It pays the chosen sum insured on the diagnosis of malaria, dengue, filariasis, kalaazar, Japanese encephalitis, or Chikungunya.

Coronavirus Cover

Receive 50% cash on your 1st claim for COVID quarantine, with the remaining 50% on a 2nd claim. Please note that home quarantine is not covered.

Eligibility Criteria

Age
Group size
Premium
Sum assured

Age at Entry

Question

Age at Entry

Sequence

Answer

Minimum age at entry

91 days

Maximum age at entry

24 years as of last birthday

Maximum Cover Ceasing age

25 years as of last birthday

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Group size

Question

Group size

Sequence

Answer

Minimum Group Size

7 members

Maximum Group Size

No limit

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Premium

Question

Premium

Sequence

Answer

The minimum annualized premium

INR 100 p.a.

The maximum annualized premium

no limit

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Accidential Partial Permanent Disability

Question: Accidential Partial Permanent Disability
Sequence
Answer: Minimum Sum Insured (in INR)

10,000

Maximum Sum Insured (in INR)

1,00,000
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Daily Hospital Cash Benefit

Question

Daily Hospital Cash Benefit

Sequence

Answer

Minimum Sum Insured (in INR)

1,000 per day

Maximum Sum Insured (in INR)

10,000 per day

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Broken Bones Cover

Question

Broken Bones Cover

Sequence

Answer

Minimum Sum Insured (in INR)

10,000

Maximum Sum Insured (in INR)

1,00,000

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Accidental Total Permanent Disability

Question

Accidental Total Permanent Disability

Sequence

Answer

Minimum Sum Insured (in INR)

10,000

Maximum Sum Insured (in INR)

1,00,000

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Cancer Cover

Question

Cancer Cover

Sequence

Answer

Minimum Sum Insured (in INR)

10,000

Maximum Sum Insured (in INR)

50,00,000

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Vector Borne Diseases Cover

Question

Vector Borne Diseases Cover

Sequence

Answer

Minimum Sum Insured (in INR)

5,000

Maximum Sum Insured (in INR)

1,00,000

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Coronavirus Cover

Question

Coronavirus Cover

Sequence

Answer

Minimum Sum Insured (in INR)

25,000

Maximum Sum Insured (in INR)

2,00,000

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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

General

Premiums and Payments

Claim and Beneficiary

What are the tax benefits under this Policy?

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 happens in case of submission of information which is false or incorrect?

Answer

Fraud, Misrepresentation and forfeiture would be dealt with in accordance with provisions of Sec 45 of the Insurance Act 1938, as amended from time to time. Indisputability Clause: Extract of Section 45 of the Insurance Act 1938, as amended from time to time states

1) No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three years from the date of the policy, i.e., from the date of issuance of the policy or the date of commencement of risk or the date of revival ofthe policy or the date of the rider to the policy, whichever is later.

2) A policy of life insurance may be called in questionat any time within three years from the date of issuance of the policy or the date of commencement of risk or the date of revival oft he policy or the date of the rider to the policy, whichever is later, on the ground of fraud: Provided that the insurer shall have to communicate in writing to the insured or the legal representatives or nominees or assignees of the insured the grounds and materials on which such decision is based.

3) Notwithstanding anything contained in sub-section (2), no insurer shall repudiate a life insurance policy on the ground of fraud if the insured can prove that the mis-statement of or suppression of a material fact was true to the best of his knowledge and belief or that there was no deliberate intention to suppress the fact or that such mis-statement of or suppression of a material fact are within the knowledge of the insurer: Provided that in case of fraud, the onus of disproving lies upon the beneficiaries, in case the policyholder is not alive.

4) A policy of life insurance may be called in question at any time within three years from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, which ever is later, on the ground that any statement of or suppression of a fact material to the expectancy of the life of the insured was incorrectly made in the proposal or other document on the basis of which the policy was issued or revived or rider issued: Provided that the insurer shall have to communicate in writing to the insured or the legal representatives or nominees or assignees of the insured the grounds and materials on which such decision to repudiate the policy of life insurance is based: Provided further that in case of repudiation of the policy on the ground of misstatement or suppression of a material fact, and not on the ground of fraud, the premiums collected on the policy till the date of repudiation shall be paid to the insured or the legal representatives or nominees or assignees of the insured within a period of ninety days from the date of such repudiation.

5) Nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do so, and no policy shall be deemed to be called in question merely because the terms of the policy are adjusted on subsequent proof that the age of the Life Insured was incorrectly stated in the proposal.

What is the Waiting Period & Survival Period under this Policy?

Answer

Waiting period under different cover options is applicable as follows:

Cover Option/ Event Daily Hospitalization Cash Benefit (DHCB)	Waiting Period (in days) 30 (not applicable on hospitalization due to accident)
Broken Bones Cover	Not Applicable
Disability Cover	Not Applicable
Cancer Cover	180
Vector Borne Diseases Cover	30
Coronavirus Cover	15

Waiting Period is not applicable from second policy period onwards in case of continuous renewal of the policy.
For Cancer Cover option, Survival period of 5 days is applicable, i.e. for a claim to be eligible;the life insured should have survived for a period of 5 days from the date of diagnosis of Early/Advanced Stage Cancer.

You are prohibited from accepting rebate in any form

Answer

Prohibition of Rebate: Section 41 of the Insurance Act, 1938, as amended from time to time, states

1) No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person, to take or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the Policy, nor shall any person taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer.

2) Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakh rupees.

What are your options to revive the policy?

Answer: In case of non-payment of premium within the grace period for non-annual premium payment mode, the policy lapses and cover ceases on expiry of the grace period.

There is no revival in this fixed benefit health insurance policy as this is an yearly renewable product.

Can you cancel this policy (Free-look)?

Answer

You the Master Policyholder/Member can return this Policy Document if you disagree with any of the terms and conditions within the first 15 days for all channels except Distance Marketing or electronic mode where it is 30 days from receipt of your Policy Document / Certificate of Insurance. You are required to send us the Policy Document / Certificate of Insurance and a written request stating the reasons for cancellation. In case there is any claim paid out during this period, Master Policyholder/ Member shall not be eligible to free-lookthepolicy.

Do you get any refund when you cancel your policy?

Yes. We will refund an amount within 15 days of receipt of the request equal to the –
Premium paid
Less: i. Pro-rata risk premium and rider premium, if any for the time the policy was in force
Less ii. Any stamp duty paid
Less iii. Expenses incurred on medical examination, if any
Distance Marketing includes every activity of solicitation (including lead generation) and sale of insurance products through the following modes: (i) Voice mode, which includes telephone calling; (ii) Short Messaging service (SMS); (iii) Electronic mode which includes e-mail, internet and interactive television (DTH); (iv) Physical mode which includes direct postal mail and newspaper & magazine inserts; and, (v) Solicitation through any means of communication other than in person.

Is there a grace period for missed premiums in this policy?

Answer

Grace period means the specified period of time immediately following the premium due date during which a payment can be made to continue a policy. If a valid claim has occurred during grace period, then the chosen benefit will be paid after deducting due premium. 15 days of grace period will be allowed under monthly premium mode and 30 days for all other premium modes, wherever applicable.

In case of renewal of the policy 30 days grace period is allowed to the Master policyholder/member in force without loss of continuity benefits such as waiting periods. If a claim has occurred during this grace period (i.e the grace period between previous policy end date and renewal policy commencement date), then the chosen benefit will not be paid.

What is the surrender benefit payable under this Policy?

Answer: There is no surrender benefit under this policy.
However, you, the Master Policyholder can surrender the Policy anytime. In case of surrender of the policy within the policy period, the member shall get an option to continue the policy as an individual policy till their coverage is terminated as per Certificate of Insurance.

What is the maturity benefit payable under this Policy?

Answer: There is no maturity benefit payable under the policy.

What are the conditions under which the cover shall terminate?

Answer

By “terminal date” we mean the cover ceasing date. i.e. In case the member is not eligible for further coverage based on the scheme rules, the premium for that member will not be paid. Consequently, the cover will cease.

The insurance coverage will also cease at the earliest of:

Member with age 66 years as on last birthday for Cancer Cover & Coronavirus Cover and 80 years for other cover options
Termination of contract with the Master Policyholder and member does not wants to continue as individual member till end of term as per Certificate of Insurance
Non-payment of regular premium during the grace period
Occurrence of death of the member
DHCB for the child on attaining age 25 years

What is the death benefit in this Policy?

Answer: There is no death benefit payable on death of the member till the end of policy term or prior to terminal date. If death occurs before registering the claim for any benefit eligible as per the plan option chosen, then the same will be paid to the nominee/ appointee/ legal heir.

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