search
bell
2
icon

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
icon

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!
Pay Premium
Track application

En

menu

More

Term Insurance Plans

Income Based Term Plans

Term Insurance Coverage Options

Term Insurance for EveryOne

Term Insurance For Coverage for all Ages

Term Insurance Calculator

Term Insurance Riders

drop-header-img

IndiaFirst Life Elite Term Plan

Learn More Get Quote
drop-header-img
IndianFirstLife

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

Download Brochure One Pager

drop-header-img
IndianFirstLife

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

Download Brochure

drop-header-img
IndianFirstLife

Life Plan

  • Flexibility to choose the duration

  • Family will receive the payout

  • Flexibility to choose the assured amount

  • Long term protection

Download Brochure

drop-header-img
IndianFirstLife

Protect Shield Plus Plan

  • Instant Issuance

  • Flat rate cover

  • No medicals

  • Tax benefits as per prevailing tax laws

Download Brochure

drop-header-img
IndianFirstLife

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.

Download Brochure

drop-header-img
IndianFirstLife

Term Rider Plan

  • Additional Life Cover for up to 5-30 years

  • Guaranteed Lumpsum Death Benefit

  • Enjoy Tax Benefits on Premiums You Invest.

Download Brochure

Investment Plans

Term Insurance Plan

ULIP Plans

Savings Plans

Retirement & Pension Plans

Guaranteed Returns Plans

Life Insurance Rider

Group & Corporate Life Insurance Plans

Child Insurance Plans

drop-header-img

IndiaFirst Life Radiance Smart Invest Plan

Learn More Get Quote
drop-header-img
IndianFirstLife

Elite Term Plan

  • Benefits at Maturity & Life cover

  • High cover at affordable cost

  • Convenient premium payment options

  • Sum Assured as lumpsum or monthly instalments

Download Brochure

drop-header-img
IndianFirstLife

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

Download Brochure

drop-header-img
IndianFirstLife

Life Plan

  • Flexibility to choose the duration

  • Family will receive the payout

  • Flexibility to choose the assured amount

  • Long term protection

Download Brochure

drop-header-img
IndianFirstLife

Protect Shield Plus Plan

  • Flexibility to choose the duration

  • Family will receive the payout

  • Flexibility to choose the assured amount

  • Long term protection

Download Brochure

drop-header-img
IndianFirstLife

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.

Download Brochure

drop-header-img
IndianFirstLife

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

Download Brochure

drop-header-img
IndianFirstLife

Money Balance Plan

  • Optimised Investment Strategy

  • Flexible-Premium Payment

  • Partial Withdrawal Flexibility

  • Convenient Fund Accessibility

Download Brochure

drop-header-img
IndianFirstLife

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

Download Brochure

drop-header-img
IndianFirstLife

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

Download Brochure

drop-header-img
IndianFirstLife

Wealth Maximizer Plan

  • Market Linked Returns

  • Free switches for maximum gain

  • Long-term loyalty benefits

  • Add top-up premiums

Download Brochure

drop-header-img
IndianFirstLife

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

Download Brochure

drop-header-img
IndianFirstLife

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.

Download Brochure

drop-header-img
IndianFirstLife

Guaranteed Single Premium Plan

  • One-time payment (Single Pay)

  • Tax saving benefits*

  • Life Cover that is 1.25 times higher

Download Brochure

drop-header-img
IndianFirstLife

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

Download Brochure

drop-header-img
IndianFirstLife

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

Download Brochure

drop-header-img
IndianFirstLife

Guaranteed Pension Plan

  • Income for Life

  • 5 Annuity Choices

  • Joint Life Security

  • Escalating Annuity option

Download Brochure

drop-header-img
IndianFirstLife

Guaranteed Annuity Plan

  • Retirement Planning

  • 12 Annuity Options

  • Exclusive benefits for NPS subscribers

  • Continuity with Joint Life Option

Download Brochure

drop-header-img
IndianFirstLife

Guaranteed Retirement Plan

  • Assured Returns

  • Beat Inflation

  • Choose How to Save

  • Save Longer for up to 40 years

Download Brochure

drop-header-img
IndianFirstLife

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

Download Brochure

drop-header-img
IndianFirstLife

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.

Download Brochure

drop-header-img
IndianFirstLife

Guaranteed Single Premium Plan

  • One-time payment (Single Pay)

  • Tax saving benefits*

  • Life Cover that is 1.25 times higher

Download Brochure

drop-header-img
IndianFirstLife

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

Download Brochure

drop-header-img
IndianFirstLife

Term Rider Plan

  • Additional Life Cover for up to 5-30 years

  • Guaranteed Lumpsum Death Benefit

  • Enjoy Tax Benefits on Premiums You Invest.

Download Brochure

drop-header-img
IndianFirstLife

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

Download Brochure

drop-header-img
IndianFirstLife

ADB Rider

  • Up to 2 Cr. Additional cover over existing policy

  • Protect your loved ones at affordable price.

  • Tax Advantages

Download Brochure

drop-header-img
IndianFirstLife

TPD Rider

  • Up to 1 Cr. Additional cover

  • Protect your loved ones at affordable price.

  • Tax Advantages

Download Brochure

drop-header-img
IndianFirstLife

Group Living Benefits Plan

  • Comprehensive Group Health Insurance

  • Affordable Heatlh Coverage for Corporate

  • COVID-19 Protection for Group Life Insurance

  • Fixed Benefit Assurance

Download Brochure

drop-header-img
IndianFirstLife

Group Term Plan

  • Affordable Group Term Insurance

  • Voluntary or Automatic Enrollment

  • Enhanced Coverage with EDLI

  • Flexible Premium Payment

Download Brochure

drop-header-img
IndianFirstLife

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

drop-header-img
IndianFirstLife

Little Champ Plan

  • Financial Protection

  • Customisable Policy

  • Guaranteed Payouts

  • Flexible Coverage Options

Download Brochure

Insurance Calculators

Investment Calculators

Financial Planning Calculators

Health Calculators

drop-header-img

IndiaFirst Life Elite Term Plan

Learn More Get Quote
drop-header-img

Term Insurance Calculator

Use our Term Insurance Calculator to estimate the right cover for your family’s financial security.

drop-header-img

Child Plan Calculator

Plan your child’s education and future goals with our easy Child Plan Calculator.

drop-header-img

Retirement Planning Calculator

Estimate how much you need to save for a comfortable and stress-free retirement.

drop-header-img

Cost of Delay Calculator

See how delaying investments can impact your long-term wealth creation.

drop-header-img

Human Life Value Calculator

Calculate your Human Life Value and understand the insurance cover your family needs.

drop-header-img

Paid-Up Calculator

Check the paid-up value of your policy and make informed financial decisions.

drop-header-img

Annuity Calculator

Estimate your regular income after retirement using our Annuity Calculator.

drop-header-img

ULIP Calculator

Estimate potential returns on your ULIP investments over the policy term.

drop-header-img

Compound Interest Calculator

Understand how your money grows over time with the power of compounding.

drop-header-img

Future Wealth Creation Calculator

Plan your investments effectively to achieve your long-term wealth goals.

drop-header-img

SIP Calculator

Calculate returns on your monthly SIP investments in just a few clicks.

drop-header-img

Lumpsum Calculator

Calculate your estimated returns on your lumpsum investment

drop-header-img

Simple Interest Calculator

Find out the interest amount based on your principal, rate, and time using the simple interest method.

drop-header-img

SSY Calculator

Use our simple SSY calculator and figure out how much you can save for your daughter’s future.

drop-header-img

Income Tax Calculator

Calculate your tax liability and plan your taxes efficiently.

drop-header-img

Home Loan EMI Calculator

Calculate your home loan EMIs and manage repayments with ease.

drop-header-img

Car Loan EMI Calculator

Find out your car loan EMI and choose the right repayment plan.

drop-header-img

Personal Loan EMI Calculator

Estimate your personal loan EMIs before applying for a loan.

drop-header-img

Inflation Calculator

Understand how inflation will affect your expenses and future goals

drop-header-img

Gratuity Calculator

Calculate the gratuity amount you may receive based on your tenure and salary.

drop-header-img

Salary Calculator

Calculate your take-home salary after deductions and allowances.

drop-header-img

BMI Calculator

Check your Body Mass Index and understand your health better.

Expert Resources

Knowledge Centre

drop-header-img

IndiaFirst Life Radiance Smart Invest Plan

Learn More Get Quote
drop-header-img

Nominee Central

Your one-stop hub to help your loved ones easily access, understand, and manage everything related to life insurance nomination and claims.

drop-header-img

Life Insurance Ki Kitaab

Your simple, go-to guide for understanding life insurance basics.

drop-header-img

India's Firsts

Discover India’s pioneering innovations and historic milestones that shaped the world.

drop-header-img

Life+ Newsletter

Your monthly dose of simple, smart insights on insurance and money matters—delivered straight to your inbox.

drop-header-img

Insurance Videos

Quick, easy videos that help you understand insurance better.

drop-header-img

Insurance Podcasts

Listen to expert insights that simplify insurance on the go.

Claims

drop-header-img

IndiaFirst Life Radiance Smart Invest Plan

Learn More Get Quote

Download Section

Reach Out to Us

drop-header-img

IndiaFirst Life Radiance Smart Invest Plan

Learn More Get Quote

En

search
bell
2
icon

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
icon

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!
menu
Menu
close
More arrow
back More
close
Ask an Expert arrow
drop-header-img

Get Quote Learn More

Ask an Expert

Menu

Term insurance

Pay Premium
Invest & Save Tax
search
mic
close-search
image Protect Your Family image Build Wealth image Plan Your Retirement

No results for

Check that your search query has been entered correctly or try another search.

askchat-img Choose a Time Slot
cross

Let Us know a suitable time for you.

Ask an Expert to Buy Life Insurance

We're happy to know that you're prioritizing your family's future. Our life insurance expert will assist you in finding the best insurance plan. To schedule a call, please share some of the below details.

right-icon-placeholder
right-icon-placeholder
male male

Male

male male

Female

male male

Other

Thank you for submitting your details

Our representative will reach out to you soon to guide you through our life insurance plans that fit your life goals

13 Aug 2024

The Ancient Roots and Modern Impact of the Fibonacci Sequence

Written by
The Logical Indian
Category
Places and People
Views
Guaranteed Pension Plan

Introduction

The Fibonacci Sequence, renowned for its fascinating numerical pattern (1, 1, 2, 3, 5, 8, 13, 21, ...), is deeply rooted in the mathematical heritage of ancient India. While commonly attributed to Leonardo Fibonacci in the 13th century, the sequence's origin predates him by several centuries, with Indian mathematicians playing a pivotal role.

Ancient Indian Genesis

Around 200 B.C.E., the Indian mathematician Pingala laid the foundation for the sequence in his work Chandaḥśāstra, the earliest known treatise of Sanskrit prosody. His cryptic formula, misau cha ("the two are mixed"), referred to the number of beats in poetic verses but marked the first appearance of what we now recognize as the Fibonacci Sequence.

Evolution and Clarity in Indian Scholarship

The sequence gained clarity through the efforts of Virahanka, an Indian prosodist, and mathematician who lived around 700 A.D. Virahanka's work, unfortunately, lost to time, served as a significant milestone in shaping the Fibonacci Sequence into its familiar form. The sequence was further popularised by Acharya Hemachandra, a 12th-century poet, mathematician, and philosopher, in his writings around 1150 A.D.

Fibonacci's Role in Popularization

Leonardo Fibonacci, often credited with the sequence's discovery, came into the picture in 1202 A.D. Inspired by the works of Hemachandra, Fibonacci introduced the sequence to the Western world in his book Liber Abaci. However, Fibonacci's association with the sequence was not rooted in the original discovery but in an exercise involving rabbit population growth. In Liber Abaci, he described a scenario where one pair of rabbits, starting in the first month, would multiply under certain conditions. The number of pairs at the end of each month followed the Fibonacci Sequence, illustrating its recurrence in nature.

Acknowledging Indian Mathematicians

Despite Fibonacci's role in popularising the sequence, it is essential to acknowledge the Indian mathematicians who laid the groundwork for its conceptualization centuries earlier. The sequence's prevalence in ancient Sanskrit texts demonstrates its significance in Indian mathematical thought and its broader cultural context.

 

The Fibonacci Sequence's relevance extends beyond its historical origins, finding applications in various fields today. In modern times, the sequence is employed in modeling natural phenomena, financial analysis, and even artistic endeavors. Its unique mathematical properties make it a valuable tool for understanding patterns and growth in diverse disciplines.

 

Conclusion

The history of the Fibonacci Sequence is a testament to the rich mathematical contributions of ancient Indian scholars. While Leonardo Fibonacci played a crucial role in introducing the sequence to the West, its roots lie deep in the mathematical traditions of India. The sequence's enduring allure and applications in contemporary contexts highlight the timeless nature of mathematical concepts that transcend cultural and historical boundaries.

References

  • Indian Express - https://indianexpress.com/article/opinion/columns/view-from-the-right-bharat-fibonacci/

  • Britannica - https://www.britannica.com/biography/Fibonacci

  • Live Mint https://www.livemint.com/Opinion/d3ddePsFMHKZhHLmx1jAxL/The-men-who-knew-infinity-Indias-lost-history-of-mathemati.html

  • Tech Target - https://www.techtarget.com/whatis/definition/Fibonacci-sequence#:~:text=The%20Fibonacci%20sequence%20is%20a,of%20the%20preceding%20two%20numbers

Find Your Favorite Topic

IndiaFirst Life & the logical indian

Headquartered in Mumbai, IndiaFirst Life Insurance Company Limited (IndiaFirst Life), is one of the country's youngest life insurance companies. The Logical Indian is an independent and public-spirited digital media platform for Indian Millennials. IndiaFirst Life and The Logical Indian have come together to showcase India’s rich history of innovation in different fields of life which have made a significant mark on humanity and globally. Please note, The information presented here is the result of a collaborative effort between The IndiaFirst Life, Dentsu Creative & The Logical Indian. All research and fact-finding is credited to Dentsu Creative in association with The Logical Indian.

author-by

Thank you for subscribing to Life+ Newsletter!

Keep an eye on your inbox-great things are coming your way