IndiaFirst Group Term Life Insurance Plan

When you care for those who are no less than family

Protect your employees and secure the future of their families with our Group Term Plan. Your employees can make the most of the low rates while you can enjoy a tax benefit with this yearly renewable life insurance plan.

Reasons to buy IndiaFirst Group Term Plan

  • Life cover benefit available for your group at affordable rates

  • Members can opt for voluntary or automatic schemes

  • The sum assured is paid to the nominee through you, the master policyholder

  • Amplify your cover with the Employee Deposit Linked Insurance (EDLI)

  • Flexibility to choose between three premium paying frequencies, namely - monthly, six-monthly, and yearly

  • Minimum group size is 50

  • Liberty to add new members during the plan year

  • There is no maturity or survival benefit

  • Avail tax benefits under Section 80 C and Section 10 (10D) as per prevailing Income Tax Laws.

What are the eligibility criteria?

  • Minimum age at entry is 14 years and maximum age at entry is 85 years for Non Employer Employee group

  • Minimum age at entry is 18 years and maximum age at entry is 85 years for Employer Employee group

  • Maximum age at maturity is 86 years

  • Minimum size of the group in lieu of EDLI to be as per EPFO requirement

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