IndiaFirst Life Group Micro Insurance Plan

A comprehensive insurance plan for your entire group & their family members

IndiaFirst Life Group Micro Insurance Plan is a non-linked, non-participating, group micro insurance plan, which can be purchased by you, as the master policyholder to provide a comprehensive protection to your borrowers or members and their loved ones. This policy will also ensure that your borrowers/ members are able to manage their financial goals well and achieve all their dreams.

REASONS TO BUY INDIAFIRST LIFE GROUP MICRO INSURANCE PLAN

  • Safeguard your members and their family from after effects of unfortunate experiences like Death, ATPD, CI

  • You have four different cover options to choose from:
    i.  Life Cover
    ii. Life Cover + Accidental Total Permanent Disability
    iii. Life Cover + Critical Illness
    iv. Life Cover + Accidental Total Permanent Disability +     Critical Illness

  • Cover your loan up to Rs 2 lakh through Level or Reducing cover option

  • Get the flexibility of having the cover period as low as one month or going up to 10 years

  • No GST on the premiums paid

What are the eligibility criteria?

  • The minimum age at entry is 14 years and the maximum age at entry is 69 years

  • The maximum age at maturity is 70 years

  • Minimum term in the plan is 1 month and the maximum term is 120 months, depending upon the type of group and the policy.

  • Premium Paying terms available are Single Pay or Regular Pay or Limited Pay – Policy Term less than 24 months

  • Minimum group size that can be covered is 5 members and there is no limit on the maximum group size

  • The Minimum Sum Assured in the plan is INR 1,000 per member. The Maximum Sum Assured in the plan is INR 200,000 per member per policy

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