IndiaFirst Life Guaranteed Monthly Income Plan is a non-linked, participating, limited premium, life insurance plan that offers monthly guaranteed payouts post completion of your premium payment term & gap year (if opted).
Reasons to buy IndiaFirst Life Guaranteed Monthly Income Plan
- We assure you guaranteed income coming your way every month
- Get more than what you pay! Stand to receive from 105% to 125% of your premiums annually while we assure you the monthly regular support through payouts
- Set and achieve bigger goals with the help of timely assured payouts in this policy
- Plan your income better. Choose whether you want to start receiving your guaranteed monthly amount immediately post payment years or you prefer to wait a few years.
- With various flexibilities on offer, you can tailor the plan to suit your needs as you get a variety of premium payment, policy term options and premium payment modes to choose from
- Stand to enhance your savings with the help of bonus at maturity while protecting your loved ones through a life cover in case of any unfortunate event.
- You may also stand to get tax benefits for the premiums you pay and benefits you receive as per applicable tax laws
What are the eligibility criteria?
- Minimum age at entry is 18 years and maximum age at entry is 50 years
- Premium Payment Term is 8 to 11 years. The policy term is a sum of the premium payment term, gap year and guaranteed regular income term.
- The sum basic assured will be calculated basis your (life assured’s) age, gender, annual premium, premium payment term or policy term and gap year chosen.