IndiaFirst Life Guarantee of Life Dreams Plan

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Indiafirst Life Guarantee Of Life Dreams Plan is a non-linked, non-participating, individual saving, limited premium paying, life insurance plan that helps you with a regular income from as early as end of 1st policy month.

REASONS TO BUY IndiaFirst Life Guarantee of Life Dreams Plan

  • Choice of 3 Income Options  
    Choose from Immediate, Intermediate & Deferred Income options. And start receiving Income from as early as end of 1st policy month2 or defer your Income depending on your needs. 

  • Guaranteed1 Long Term Income 
    Ensure a Guaranteed source of Income for as long as 30 or 40 years, as per your choice basis Income option chosen. 

  • Life Insurance Cover 
    Secure your family’s future with 10X Life Cover throughout the policy term. 

  • Benefits of long-term Savings. 
    Get rewarded for paying your premiums on time with our Loyalty benefits. 

  • Protection even if you miss one premium. 
    Stay covered even if you miss a premium through Life Cover Continuance Benefit3, at no additional cost. 

  • Tax benefits5 
    Available on the premiums paid and benefits received as per prevailing tax laws.

WHAT ARE THE ELIGIBILITY CRITERIA?

  • Choose to pay for 6, 8, & 10 years and receive regular income for 30 & 40 years.  

  • The minimum age of entry is 90 days. For the Immediate, Intermediate, and Deferred Income options, the maximum age for Premium Payment Term 6 is 50 years.  

  • For the Immediate and Intermediate Income options, the maximum age for Premium Payment Term 8 and 10 is 55 years. Additionally, the maximum age for the Deferred Income Option for Premium Payment Term 8 and 10 is 60 years.  

  • You can choose to pay yearly, half-yearly, quarterly, and monthly. The corresponding minimum premiums are as follows: Rs. 48,000 for yearly, Rs. 24,571 for half-yearly, Rs. 12,432 for quarterly, and Rs. 4,176 for monthly. There is no limit for the maximum premium.  

  • The minimum Sum Assured is Rs. 4,80,000, as per the board-approved underwriting policy, with no maximum limit. 

IndiaFirst Life Guarantee of Life Dreams Plan


Have you ever wished for a second source of Income to support all your life goals and aspirations? Or a savings solution that not only provides financial protection for your family but also helps you stay ahead of inflation? We at IndiaFirst Life understand these needs and have designed the perfect solution to provide a Guarantee for your life’s dreams. 

Presenting, IndiaFirst Life Guarantee Of Life Dreams Plan, a plan that offers a range of Income options to cater to different customer needs. With the option to get regular increasing income from the end of the very first policy month, you can guarantee yourself a second source of income to help you achieve your financial goals, along with a Life Cover to safeguard your family against the uncertainties of life. You can secure your dreams anytime and anywhere through online mode by simply logging onto our website.

To view the premium rates of IndiaFirst Life's Guarantee of Life Dreams Plan, click here

What is the IndiaFirst Life Guarantee of Life Dreams Plan?


This is a non-linked, non-participating, individual savings limited premium paying life insurance plan which offers a shorter pay commitment of 6, 8 or 10 years and provides regular income for 30 or 40 years along with a Life Cover to ensure your loved ones stay protected. Not just this, the policy will also ensure, continuation of your life cover benefit even in case you miss to pay one premium, thus protecting your family with a continued life cover for one year.  

What are the Key features of the IndiaFirst Life Guarantee of Life Dreams Plan?


This life insurance plus saving plan is designed to enhance your financial security and stability, which also makes it the one of the best guaranteed income plans of 2023. 

  • Guaranteed1 Income from end of 1st Policy Month (if immediate income option is selected with monthly income payout frequency.) 

  • Guaranteed Increasing Income  

  • Save the Date4 Feature: Choose to receive your annual income on a specific date special to you or your loved ones. 

  • Discount on Advance Premium: Get a discount by paying your renewal premium at least 1 month in advance. 

  • Life Cover Continuance Benefit: Stay protected with a Life Cover for 1 year even if you miss paying a premium3. 

  • Enhanced Benefit for Females: Female lives are eligible to receive higher income benefit.  

How does the IndiaFirst Life Guarantee of Life Dreams Plan work?


  1. 1) Deferred income option

Receive a regular income in yearly, half-yearly, quarterly, or monthly frequency till the end of the chosen policy term, i.e., for 21 or 31 years.  

  1. 1) Pay premiums for a fixed period - 6, 8 or 10 years. 

  1. 2) Receive a regular income in yearly, half-yearly, quarterly, or monthly frequency till the end of the chosen policy term, i.e., for 30 or 40 years. 

  1. 3) Loyalty income benefits grow your income further when you pay all premiums on time. 

  1. 4) Get a discount if you pay the premium a month prior to the premium due date. 

  1. 5) Receive the base income and Loyalty income till the end of the policy term as survival benefit, provided all premiums have been paid. 

  1. 6) Get additional Cashbacks as survival benefit, i.e., 2 instalments of lumpsum benefit, both equal to 50% of annualized premium, payable at the end of the 3rd policy year and at the end of premium payment term.

  1. 7) Receive the Sum Assured on Maturity as maturity benefit at the end of the policy term, provided all premiums have been paid. 

  1. 8) Stay covered even if you miss a premium payment with the complementary Life Cover Continuance Benefit.

The plan offers Waiver of Premium (WOP) Rider6 in which future premiums are waived off in case the policyholder/ life assured suffers from death, accidental total permanent disability, or critical illnesses. 
 

  1. 2) Intermediate Income Option 

Receive a regular income in yearly, half-yearly, quarterly, or monthly frequency till the end of the chosen policy term, i.e., for 26 or 36 years 

  1. 1) Pay premiums for a fixed period - 6, 8 or 10 years. 

  1. 2) Receive a regular income in yearly, half-yearly, quarterly, or monthly frequency till the end of the chosen policy term, i.e., for 30 or 40 years. 

  1. 3) Loyalty income benefits grow your income further when you pay all premiums on time. 

  1. 4) Get a discount if you pay the premium a month prior to the premium due date. 

  1. 5) Receive the base income and Loyalty income till the end of the policy term as survival benefit, provided all premiums have been paid. 

  1. 6) Receive the Sum Assured on Maturity as maturity benefit at the end of the policy term, provided all premiums have been paid. 

  1. 7) Stay covered even if you miss a premium payment with the complementary Life Cover Continuance Benefit. 

The plan offers Waiver of Premium (WOP) Rider6 in which future premiums are waived off in case the policyholder/ life assured suffers from death, accidental total permanent disability or critical illnesses. 
 

  1. 3) Immediate Income Option 

Receive a regular income from the end of the 1st year of the policy with the benefit of life cover 

  1. 1) Pay premiums for a fixed period - 6, 8 or 10 years. 

  1. 2) Receive a regular income in yearly, half-yearly, quarterly, or monthly frequency till the end of the chosen policy term, i.e., for 30 or 40 years. 

  1. 3) Loyalty income benefits grow your income further when you pay all premiums on time. 

  1. 4) Get a discount if you pay the premium a month prior to the premium due date. 

  1. 5) Receive the base income and Loyalty income till the end of the policy term as survival benefit, provided all premiums have been paid. 

  1. 6) Receive the Sum Assured on Maturity as maturity benefit at the end of the policy term, provided all premiums have been paid. 

  1. 7) Stay covered even if you miss a premium payment with the complementary Life Cover Continuance Benefit. 

The plan offers Waiver of Premium (WOP) Rider6 in which future premiums are waived off in case the policyholder/ life assured suffers from death, accidental total permanent disability or critical illnesses. 

Disclaimer

1Provided all due premiums have been paid.

2Only if Immediate Income option with Monthly income payment frequency is chosen. Income will be paid at the end of the month.

3Available with Life Cover Continuance Benefit, provided at least 2 full year’s premium has been paid.

4Save the Date – Available with Save the Date feature, only annual income payment frequency allowed.

5Tax benefits are as per the Income Tax Act, 1961 and are subject to any amendments made thereto from time to time. You are advised to consult your tax consultant.

6Riders are not mandatory and are available for an additional cost. Please refer rider brochure for more details

FAQs

  • What is a guaranteed income plan?

    A guaranteed income plan is an assured income plan that offers life insurance plus saving. This is a non-linked, non-participating, limited premium paying, long term savings plan, it provides you with a regular income for 30 or 40 years. 

  • What is the maturity benefit in guaranteed income plan?

    Maturity benefit is the lumpsum amount or sum assured that you receive on surviving till the end of the policy term. Sum assured equals the total of all annualized premium paid and is payable at Maturity with the last income pay-out.

  • What is the survival benefit in guaranteed income plan?

    Survival benefit is the amount you receive during the course of the policy term. This guaranteed income plan includes the base income, i.e., a percentage of the annualized premium you will be eligible for at the start of the income period as per your chosen option. The base income is also topped up with Loyalty income, an additional income if you pay your premiums on time. 

  • Should you invest in guaranteed income plans?

    Yes. A guaranteed income plan is the best investment plan to help you achieve your goals or fulfil other responsibilities. It is a one-time investment plan with monthly income frequency. It offers you an assured income with life cover to make your family financially secure for 30 to 40 years. 

  • What is monthly payout mode in Death Benefit?

    The monthly income payout mode in death benefit is to provide financial security to the nominee, post the policyholder’s demise. The death benefit or sum assured is paid out as monthly instalments to the nominee instead of as a lumpsum amount. 

  • What is a guaranteed monthly income plan?

    A guaranteed monthly income plan is a regular income plan that invests in low risk, debt instruments to give you an assured, fixed guaranteed income every month. 

  • How monthly income plan works?

    In a monthly income plan, the policyholder pays the premium for the premium paying term, in lieu of which they receive a regular, fixed amount every month, all through the policy tenure.  

  • How safe are monthly income plans?

    Monthly income plans invest in low-risk funds. This makes them a safe income plan. 

  • How to calculate the guaranteed returns on my total investment?

    Here's how simply you can calculate it. 

     

    Total income + Total Maturity + Loyalty Cashback (for deferred income option only) 

    ÷ 

    Total premiums paid. 

  • Is there any monthly income insurance plan?

    There are many monthly income insurance plans. Guarantee Of Life Dreams Plan by IndiaFirst Life is one of the best guaranteed income plans. 

  • Should you invest in monthly income plans?

    Monthly income plans are safe as they are low-risk and hold investments in stocks that pay regular dividends. So, you can be assured that your capital is safe, while planning for long term goals. 

  • What does monthly income mean in life insurance plan?

    A monthly income plan in life insurance gives you the benefit of life insurance plus saving. You pay your Premiums during the premium payment term, in return, the plan pays you back in monthly instalments throughout the policy tenure, rather than as a lumpsum at the end of the policy term. This assures you of a fixed income for a good many year. 

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