Plan For Financial Stability & Protect Your Family

Savings Plan

Whether saving for emergencies, a dream vacation, or a major purchase, savings plans provide a disciplined approach to accumulating funds. The key advantage lies in the consistent contributions, which allow you to watch your savings grow steadily along with securing your family's future.

Retirement planning
Risk diversification
Family protection
Goal-oriented savings
Child education funding
Tax benefits*

Calculate Premium Learn More

Explore IndiaFirst Life Savings Plans

Products

IndiaFirst Life Guarantee of Life Dreams Plan

Product Name: IndiaFirst Life Guarantee of Life Dreams Plan
Product Description: Wouldn't it be wonderful if we had a second source of income to support our dreams? Here is a way to make your dreams come true where you can start earning an income from the end of the 1st month itself.
Product Benefits: Choice of 3 income Options

Guaranteed Long-Term Income

Life Insurance Cover

Protection even if you miss one premium.
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Guaranteed Returns

Products

IndiaFirst Life Guaranteed Single Premium Plan

Product Name: IndiaFirst Life Guaranteed Single Premium Plan
Product Description: Wondering if there is a way to get 7x return on your investments? Your search ends here! With this single payment plan, you can achieve your financial goals.
Product Benefits: Guaranteed 7x returns on investment
One-time payment (Single Pay)
Tax saving benefits
Life Cover that is 1.25 times higher
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Guaranteed Returns

Products

IndiaFirst Life Long Guaranteed Income Plan

Product Name: IndiaFirst Life Long Guaranteed Income Plan
Dropdown Field: Guaranteed Returns
Product Description: An endowment life insurance plan which guarantees regular income, making it an excellent guaranteed savings plan.
Product Benefits: Short-Term Payments, Long-Term Gains
Guaranteed Income to fulfill Financial Goals
Lifetime Income Till 99 years of age
Premium Payback Assurance
Continuous Life Cover without any interruption
Enhance with Optional Riders
Product Buy Now URL and CTA Text: Learn More

Products

IndiaFirst Life Mahajeevan Plus Plan

Product Name: IndiaFirst Life Mahajeevan Plus Plan
Product Description: Imagine security, savings and cash flow all bundled up to fit your unique financial needs.
Product Benefits: Life cover of up to 15 or 20 years

Periodic Cash backs

Flexible payment options

Uninterrupted Life Cover

Potential Bonus Earnings

Money Back Discounts with Early Premium Payments
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Savings

Products

IndiaFirst Life Cash Back Plan

Product Name: IndiaFirst Life Cash Back Plan
Product Description: A plan that offers guaranteed payouts at regular intervals to meet your specific financial needs.
Product Benefits: Pay for shorter period, enjoy long term benefit

Get Periodic Payouts

You can stay invested for 9, 12, or 15 years

Guaranteed Payouts at regular intervals

Receive Guaranteed Additions# after completion of every policy year!

Comprehensive Risk Cover
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Savings

Products

IndiaFirst Maha Jeevan Plan

Product Name: IndiaFirst Maha Jeevan Plan
Product Description: Enjoy a guaranteed maturity amount, annual bonuses^, flexible life insurance coverage options and potential terminal bonuses. Tailor your coverage to meet your family's financial needs.
Product Benefits: Flexible Payouts of 15-25 Years
Get guaranteed maturity benefit + bonuses (if declared)
Policy remains effective in your absence (WOP).
Flexible Premium Payment Options
Tax Benefits*
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Savings

Products

IndiaFirst Simple Benefit Plan

Product Name: IndiaFirst Simple Benefit Plan
Product Description: Introducing a non-linked endowment life insurance plan offering life cover, assured savings, and bonuses on specific events.
Product Benefits: Flexible Policy Term

Instant Policy Issuance

Comprehensive Death Benefit

Guaranteed Maturity Payout

Tax Benefits*

Receive reversionary & terminal bonus (if declared)
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Savings

Products

IndiaFirst Life Guaranteed Monthly Income Plan

Product Name: IndiaFirst Life Guaranteed Monthly Income Plan
Product Description: A non-linked, participating, limited premium, life insurance plan which offers guaranteed monthly income and life cover – an ideal blend for your family's security and prosperity.
Product Benefits: Guaranteed Monthly income

Choose Policy term between 16 to 27 years.

Flexible Premium Payment Options

Stand to Receive from 105% to 125% of your premiums Annually

Comprehensive Death Benefit

Receive Simple Reversionary Bonus & Terminal Bonus (if declared)
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Guaranteed Returns

Products

IndiaFirst Life Smart Pay Plan

Product Name: IndiaFirst Life Smart Pay Plan
Product Description: A smart solution designed to offer money-back plan with shorter pay commitments, liquidity, and life cover.
Product Benefits: Shorter Premium Payment Period

Uninterrupted Life Cover

Get 103% of one annual premium as Survival Benefit

Get Sum Assured at Maturity + bonuses (if declared)

Policy remains effective in your absence (WOP)

Tax Benefits*
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Savings

Products

IndiaFirst Life Saral Bachat Bima Plan

Product Name: IndiaFirst Life Saral Bachat Bima Plan
Product Description: A comprehensive savings plan for your family's financial security with guaranteed benefits, shorter payment terms & life cover.
Product Benefits: Long-Term Protection
Shorter Pay Commitment of 5 or 7 years.
Yearly Guaranteed Additions
Flexible Death Benefits
Receive Additional Sum Assured on Accidental Death
Policy Remains Effective in Your Absence (WOP)
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Group Insurance

Products

IndiaFirst Life Micro Insurance Khata Plan

Product Name: IndiaFirst Life Micro Insurance Khata Plan
Product Description: A simple, secure, micro-life insurance and endowment plan. This savings plan protects your family's needs in case of emergencies, while also ensuring returns on your investment.
Product Benefits: Simple and easy to purchase policy
Family financial protection
Guaranteed benefit on maturity
Flexible coverage options
Increase coverage with additional premiums
Assured benefit clarity right at the inception
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Micro Insurance

Products

IndiaFirst Life Guaranteed Benefit Plan

Product Name: IndiaFirst Life Guaranteed Benefit Plan
Product Description: A non-linked, limited premium endowment policy with 5/ 6/ 7-year commitment, providing savings, protection, and flexible options to suit your needs.
Product Benefits: Choose Income or Lumpsum Benefit
Customize your plan
Limited Premium Payment Period
Continuous Life Cover
Waiver of Premium Rider
Tax Benefits*
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Guaranteed Returns

Products

IndiaFirst Life Fortune Plus Plan

Product Name: IndiaFirst Life Fortune Plus Plan
Product Description: Start a personalized journey with this guaranteed savings life insurance plan that provides flexible premiums, guaranteed survival benefits, and cash bonuses (if declared) along with life insurance cover during the entire policy term of 15 or 20 years.
Product Benefits: Shorter pay commitment of 6,7,8,9 or 10 years.

Get Guaranteed survival benefit.

Sum Assured, bonuses*, and interests at maturity.

Policy remains effective in your absence (WOP).
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Savings

Products

IndiaFirst Life Micro Bachat Plan

Product Name: IndiaFirst Life Micro Bachat Plan
Product Description: Save smartly for your future goals with just 5 years of premiums. Get covered for up to 10 or 15 years, ensuring peace of mind for your loved ones.
Product Benefits: 5-year premiums for long-term goals
Life cover for an entire year even if one premium is missed
Annual bonuses for boosting savings
Accidental Death Benefit option
Payouts in a lump sum or instalments over 5 years for death benefit
Waiver of Premium Rider option
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Micro Insurance

Products

IndiaFirst Life Micro Insurance Khata Plan

Product Name: IndiaFirst Life Micro Insurance Khata Plan
Product Description: A simple, secure, micro-life insurance and endowment plan. This savings plan protects your family's needs in case of emergencies, while also ensuring returns on your investment.
Product Benefits: Simple and easy to purchase policy
Family financial protection
Guaranteed benefit on maturity
Flexible coverage options
Increase coverage with additional premiums
Assured benefit clarity right at the inception
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Micro Insurance

Products

IndiaFirst CSC Shubhlabh Plan

Product Name: IndiaFirst CSC Shubhlabh Plan
Product Description: Enjoy the convenience of smaller savings with IndiaFirst CSC Shubhlabh Plan, a low premium insurance plan that protects your family from life’s uncertainties while growing your investment year on year.
Product Benefits: Hassle-free enrollment
Guaranteed extra returns @ 4% p.a. for first 5 years
Easy access to funds after 5 years
Build wealth & get life cover.
Flexible premium payments options.
Tax benefits*
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Savings

Products

IndiaFirst Life POS Cashback Plan

Product Name: IndiaFirst Life POS Cashback Plan
Product Description: Plan offers you the best of both worlds: Regular Cashback to enjoy your present and a Guaranteed Maturity Payout to plan your future.
Product Benefits: Family security
Regular payouts
Limited premium
Tax benefits
Flexible term options
High risk cover
Product Buy Now URL and CTA Text: Learn More
Dropdown Field: Savings

Why do you need a Savings Plan?

Wealth Accumulation

Grow your savings over time, creating a financial cushion for the future.

Comprehensive Coverage

Enjoy extensive protection across various aspects of your life and investments.

Tax Benefits

Avail tax advantages on premium payments and maturity returns that can enhance your overall returns on investment.

Flexibility in Premium Payments

Tailor premium payments to your financial circumstances for added convenience.

High Return Potential

Seek substantial returns on your investments, maximizing your wealth over the long term.

Retirement Planning

Secure your retirement with strategic investment plans that provide financial stability.

Customizable Investment Options

Shape your investment portfolio according to your goals and risk tolerance.

Risk Diversification

Spread your investments to mitigate risk and safeguard against market fluctuations.

Family Protection

Ensure financial security for your loved ones through thoughtful investment planning.

Liquidity Options

Access funds when needed, providing flexibility in managing unforeseen expenses.

Guaranteed Returns

Enjoy a secure investment with assured returns, minimizing uncertainties.

Goal-Oriented Savings

Align your investments with specific goals, such as buying a home or funding child’s education.

Death Benefit Protection

Safeguard your family's financial future with life insurance coverage.

Loan Facilities

Tap into the value of your investments through available loan options.

Loyalty Additions

Earn additional benefits as a reward for your continued investment commitment.

Accelerated Death Benefits

Access a portion of the death benefit in case of critical illness, easing financial burdens.

Bonus Additions

Enhance your returns with bonus additions, maximizing the value of your investment.

How Does a Savings Plan Work?

Guaranteed Income: Insurance savings policies ensure steady income through maturity returns, monthly payouts, and bonuses.
Financial Security: Choose a savings plan for a financial cushion covering current needs, future concerns, and family well-being.
Dual Purpose Protection: Traditional insurance savings plans offer life protection and guaranteed investment returns at policy maturity.
Flexibility in Term: Tailor savings policy duration to meet both short and long-term financial goals.
Fixed Premium Term: Opt for a fixed premium payment term, ensuring stable payments for a specified period.
Enhanced Coverage: Personalise savings plans with riders like waiver of premium and terminal illness for added protection.
Pay-out Options: Decide when and how you receive payouts—monthly, annually, or periodically.
Tax Advantages: Enjoy tax benefits on premiums and benefits with an assured income plan, following prevailing tax laws.
Additional Benefits: Get reversionary and terminal bonuses (if declared) as added advantages in guaranteed savings plans.
Policy Loan Option: Use policy surrender value for a loan with better interest rates in emergencies.

How to Buy a Savings Plan from IndiaFirst Life?

Step 1

Define Your Investment Goals & Choose a Plan

Decide on your investment amount and the financial gains you aim to achieve wth a savings plan from IndiaFirst Life.

Step 2

Determine Premiums and Coverage

Calculate affordable premiums and desired coverage to align with your financial needs.

Step 3

Decide Benefits, Riders, and Add-Ons

Customize your plan with add-ons like optional riders such as death benefit, critical illness rider, and liability cover to enhance your IndiaFirst Life Savings Plan

Step 4

Payment and Confirmation

Make secure payments and receive prompt confirmation for a hassle-free experience with IndiaFirst Life Savings Plans.

Why Choose IndiaFirst Life?

Making wealth and ensuring your family's financial safety is important. IndiaFirst Life Savings Plans are designed to prioritise your goals. Here's why opting for our Savings Insurance Plan is the right choice:

Trusted by 1.6 Crore Customers for their life insurance policy

Promoted by Bank of Baroda

High Claim Settlement Ratio of 98.04%

Seamless Online and Offline Experience

100% Genuine Claims are Settled in 1 day.

Key Features of IndiaFirst Life Savings Plan

One of the most sought-after benefits of savings policies is that they guarantee an assured income. You get the benefits of assured returns upon maturity, monthly income pay-outs, and bonuses while saving in a systematic way.

With the right savings policy, you can build a nest-egg that will take care of your financial concerns today, tomorrow, and even in your absence.

Income Flexibility

Get flexible income options from the first policy month itself.

Long-Term Security

Ensure a reliable income stream up to 40 years, depending on your chosen income option with the Savings plan.

Life Cover

Create long-term financial protection for your loved ones through life insurance cover.

Secure Continuity with Waiver of Premium

Add the Waiver of Premium Rider^ to ensure uninterrupted policy benefits, even in unfortunate events.

Short-Term Payments, Long-Term Gains

Pay for a shorter period and unlock enduring benefits with IndiaFirst Life Savings Plan.

Continuous Life Cover

Experience uninterrupted full life cover benefits, even if you miss one premium payment (applicable after the initial two full years’ premium).

Flexible payout options

It gives your loved ones the benefit of guaranteed lumpsum or income payouts.

Guaranteed Maturity Benefit

Live worry-free with a guaranteed maturity benefit.

Wealth Creation

Save, invest, and grow your money with this savings plan that is designed to create long term wealth.

Assured Returns

Earn risk-free, regular returns that can be further reinvested in another money saving plan, to grow your savings.

Tax Benefits

Enjoy tax benefits on premiums and benefits with an assured savings plan, following prevailing tax laws.

Savings Plan FAQs

View All FAQ’s

Benefits of an Insurance Savings Plan

Who should invest

Financial Planning and Budgeting

Retirement Planning

Tax Benefits

Investment Strategy

Why is a savings plan important?

Answer: Affordable Goals: It helps make long-term, high-investment goals achievable.
Financial Security: Provides financial security for dependents in case of unforeseen events affecting the breadwinner.
Systematic Growth: Grows savings systematically and securely with risk-free assured returns.
Additional Income: Offers a regular income stream alongside earned income, leading to a better quality of life.
Tax-Free Returns: The returns are tax-free, adding to your income.
Flexible Payments: Flexible premium payment options allow for better financial management.

Is it a good idea to combine insurance and savings?

Answer

After covering your current expenses, the remaining money goes into saving and investing to secure your family's present and future. Considering inflation and rising costs, ensuring enough financial security is challenging.

While actively investing for future goals, premature demise could lead to liquidating those funds for immediate needs. Even the best investments may not suffice in such situations. That's where a traditional savings plan that combines insurance with savings/investment helps. It ensures not only savings but also provides peace of mind that your family will be cared for in your absence.

How can a savings plan help me?

Answer: A savings plan is a great way to secure your future financially. Whether you're saving for emergencies or investing for growth, a savings plan provides a balance of life coverage and investment. Unlike market-linked funds that can be unpredictable, traditional savings plans offer stability. You can also benefit from features like taking loans against the policy and making partial withdrawals. With IndiaFirst life savings plans, you can invest, grow your money, and have the assurance of comprehensive life coverage.

Who should invest in traditional savings plans?

Answer: Traditional savings plans are ideal for those with steady incomes and upcoming financial commitments. Suppose you have long-term responsibilities like running a business. In that case, working professionals, parents, self-employed individuals seeking security, or young professionals, a traditional life insurance savings plan in India is worth considering. The structured schedule promotes financial discipline, making it suitable for those averse to risk and seeking secure investment options.

How to plan savings?

Answer: Define Goals: Determine your objectives and deadlines for the best savings plan.
Assess Risk: Consider your risk tolerance when selecting an insurance savings plan for potential high returns.
Payment Options: Opt for a savings plan with flexible premium payments to align with your financial planning and prevent missed payments.
Explore Riders: Select a savings plan with extra benefits like riders and free withdrawals to enhance your investment.

How much money should I save each month?

Answer: Save money monthly by setting a goal to put away at least 20% of your income. Aim for a savings fund that's around 10 times your yearly earnings.

What is a good age to start a savings plan?

Answer: Start saving early! The sooner you begin investing, the more you'll benefit from compound interest. Even small contributions over time can lead to impressive returns. Kick off your journey to financial security now with whatever you can spare.

Is a savings plan a good idea for retirement planning?

Answer: Yes! With a traditional life insurance savings plan, you invest for a while and enjoy the benefits later. It's great for people with debts, widows, or those planning for retirement. India First Life plans to offer regular payouts and monthly income options for your financial security after retirement.

Do savings plans offer tax benefits?

Answer: Yes, traditional insurance and savings plans provide tax benefits on the invested premium and the sum received at maturity under Section 80C and Section 10 (10D) of the Income Tax Act of 1961.

When investing in a savings plan is better?

Answer: Investing in a savings plan is better when you want to grow your money over time and have a specific goal in mind, like buying a house or funding your child's education. It's a good option if you can leave your money untouched for a longer period, typically at least five years. Savings plans often offer higher interest rates than regular savings accounts, helping your money to increase more quickly.

Eligibility Criteria

Age

Health

Financial requirements

Age Criteria

Question: வயது
Answer: Minimum Entry Age: Generally 18 years, though some plans allow lower entry ages like 5 years & 8 years.

Maximum Entry Age: Maximum Age for Applying Can vary, but often up to 65 years.

Minimum Age at Maturity: Varies based on entry age and policy term, often falling between 18 and 75 years.
Tags

Health Criteria

Question: Health
Answer: Good health and ability to perform daily activities are typically required.
Tags

Financial requirements

Question: Financial requirements
Answer: Minimum and maximum premium amounts vary depending on the plan and chosen options.

Regular income and the able to pay premiums are essential.
Tags