Term Insurance Policy

A commitment to the people who matter the most

While you might not have control over everything that happens in life, there are some things you can take control of. A Term Plan helps you do just that.

Here are the products that fall under this category. It’s time to take control!



    Choose a payment option that suits your cash-flow with premium payment options to match.


    Utmost importance is given to your time and convenience.


    you get complete peace of mind of having financially secured your family and that they will have the same standard of living as they would have with you around.


    Every family is unique and so are their financial needs! Our plans are tailor-made to suit yours.


    You get to enjoy tax benefits on the premium you invest as well as the maturity of those, under Section 80C and Section 10(10D) as per prevailing income tax laws.


  • Coverage Need

  • Consider your life-stage

  • Understand Policy Benefits

  • Claims Settlement

  • Customer Service

Know More

Coverage Need

The most critical step in buying term insurance is calculating the amount of coverage you require. You should avoid the mistake of under-insuring yourself as it will not serve the idea behind investing in a term plan. As you grow older and your lifestyle requirements evolve, it would be wiser to protect and safeguard your family by getting adequate life cover. To find out how much cover you should opt for, use our term plan calculator.

Consider your life-stage

Your life insurance requirements and priorities differ at every stage of life, therefore, it is important to understand what life stage you are at before buying a term plan. Take into consideration the dependent members of your family, as this will ascertain the amount of money you need to invest. The financial responsibilities of a married person would naturally vary from that of someone who is single. Similarly, your financial responsibility would be greater if you have children or if your parents are dependent on you.

Understand Policy Benefits

Once you have zeroed in on the policy based on your needs and the track record of the company, take time to understand the features of the policy. Make sure to check and evaluate the features related to the policy term, premium-paying term, sum assured and benefits. Policy brochures/ offer documents should not merely be browsed through but actually read in detail.

Claims Settlement

Before buying a term plan, do a complete reference check on the Claims Settlement Ratio of the insurance company. We, at IndiaFirst Life Insurance, have an effective claims settlement process that is smooth and hassle-free.

Customer Service

Customer service is critical in a business that deals with an intangible product. We, at IndiaFirst Life Insurance, strive to be customer-centric. We have easy and hassle-free processes for customer service to provide a positive experience to every customer.



  • How much life cover should I buy in a term plan?

    Your life cover should be enough to pay off all your debts including loans and replace your income, especially if you are the sole earning member of your family. Adding your annual income to your policy might serve as an effective guard against inflation. Keep in mind your future obligations – such as the education of your child and the health of your spouse.

  • At what age should I buy term insurance?

    While there is no “right age” to buy term insurance, you need to be at least 18 years old. Starting early is a wise decision. If you have a steady income that allows you to pay your premiums on time, you’re ready to invest in your family’s future. If you are married, have children or parents who are dependent on you, you should definitely consider a term insurance policy. As you age, the premiums to be paid increases.

  • What should the tenure of my term plan be?

    You should opt for maximum term available under the plan in order to ensure financial security of your loved ones.

  • Will I get maturity benefit if I survive the tenure of the term plan?

    The main aspect of term plan is to ensure the security of your loved ones in your absence. However, there is no lump-sum pay-out on the survival of the policyholder.

  • Will my premium amount change during the tenure of the policy?

    Your premium amount remains the same during the entire tenure of the plan. The only change your premium is subject to is change in service tax regulations, as declared by the Government of India.

  • I am an occasional smoker. Do I still need to declare myself as a tobacco user?

    Yes, even if you are an occasional smoker, you would need to declare yourself as a tobacco-user. This is important as all medical history is imperative in determining the right premium for the policy.