IndiaFirst Life Group Protection Rider

(Non-Linked, Non-Participating, Group Rider)

Providing that extra safety, we present IndiaFirst Life Group Protection Rider– an extra layer of life insurance cover that provides extra financial protection to your member & his family in his absence. For, a little extra protection goes a long way.

Risk cover at affordable price
Protection against accidental death
Protection against terminal illness
Tax Advantages

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Overview
Key features
Eligibility Criteria
Customer Feedback
FAQ

Key features of IndiaFirst Life Group Protection Rider

2 Benefit Options

Choose from Accidental Death Benefit (ADB) and Terminal Illness Benefit Option.

Enhanced Risk Cover

Avail additional cover to protect your group members and their family.

Financial Protection

Financial protection against critical illness and accidental death.

Tax Benefits

Tax benefits may be available on premiums paid and benefits receivable as per prevailing Income Tax Laws.

Eligibility Criteria

Age
Sum Assured
Policy Term
Premium Frequency

Age at Entry

Answer: Minimum: 18 Years
Maximum: 60 Years

Age at Maturity

Answer: Maximum: 70 Years

Sum Assured

Answer: Minimum: Rs. 5,000
Maximum: 100% of Base Life cover (Subject to board approved underwriting policy)

Policy Term

Answer: Same as base plan

Premium Frequency

Answer: Same as 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

General
Premiums and Payments
Policy Terms and Conditions

What is the IndiaFirst Life Group Protection Rider Plan?

Answer: IndiaFirst Life Group Protection Rider Plan is a non-linked, non-participating, group rider which may be attached to one-year renewable group and other long term group products, designed to enhance financial security for your members in case of accidental death or member being diagnosed with any terminal illness.

What is the sum insured in this policy?

Answer

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

Rider Option	Maximum per Life
Accidental Death Benefit	Base Life cover subject to maximum of Rs. 2 Cr*
Terminal Illness Benefit	Base Life cover subject to Board approved underwriting policy

Note:

*Rider benefit is limited to a maximum of 100% of Base Life cover

What is the rider term and the premium payment term in the policy?

Answer: The rider term as well as the premium payment term will be same as that of the base plan, subject to a minimum of 1 year and maximum of 5 years (credit linked policies). The rider will not be offered if the term of the rider exceeds outstanding term under the base policy.

What are the premiums and premium paying modes available in the policy?

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 policy within the grace period the policy will lapse, and no benefit is payable. The cover will cease, and no further benefits will be payable in case of a lapsed policy.

What are your options to revive the policy?

The Revival period shall be a period of five years starting from the last premium due date. You can revive your policy within a Revival Period along with the base plan from the date of first unpaid premium subject to applicable Board approved underwriting. There is no revival charge or penal interest/Late fees on revival. If rider has lapsed and not is revived within Revival Period or rider is opted out from base policy, then it cannot be included in the future period of the 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.

Are there any constraints to revive your policy?

Yes. You can revive your policy as long as you do it within Revival Period as per base policy years from the due date of the first unpaid premium but before the maturity date. 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 non-forfeiture conditions?

Answer

If the base policy lapses, then rider benefit will cease. The rider benefit will terminate upon the happening of the first of the following events:

On the date of receipt of free-look cancelation requests by member/Master Policyholder.
On payment of rider Sum Assured against a valid claim
On the date of intimation of repudiation of claim as may be applicable for accidental death benefit or terminal illness benefit, as the case may be. The base policy continues after payout/ repudiation of terminal illness benefit.

Illustration:

Accidental Death Benefit (ADB) rider: In case of death due to an accident occurred due to Drink and Drive(criminal offence), no benefit is payable i.e. additional accidental claim will be repudiated. So there is no question of any further payment as insured person is not alive, hence the rider terminates.
Terminal Illness (TI) rider accelerated benefit of base cover amount): Terminal Illness is to be established by medical practitioner certificate. Even if there is a pre-existing condition and non-disclosure of that leads to non payment of rider benefit, the rider remains inforce and benefit will be payable on expiry of the pre-existing disease or exclusion window provided the person is alive at that time. On account of any other reason, the rider cover terminates on repudiation.

On the expiry of the revival period for member
On the expiry of rider term for Member/Master Policyholder
On the maturity of the base policy or the date on which the base policy is surrendered, terminated by member/Master Policyholder.
On the expiry of Policy Term of the base policy. At the time of rider attachment to the base policy, rider term/PPT would be aligned to the outstanding term/PPT of the base policy.
On receipt of written request for cancelation/surrender of this rider, effective from the next Rider Premium due date provided no surrender/termination value has been paid
On cancelation/termination of this rider on grounds of misrepresentation, fraud or non-disclosure by member/Master Policyholder as per section 45 of Insurance Act (1938) as amended from time to time

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

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

What are the tax benefits in 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.