IndiaFirst Life Wealth Maximizer Plan

Build a lasting legacy

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IndiaFirst Life Wealth Maximizer lets you create a lasting legacy by providing life insurance cover and an opportunity to accumulate wealth. Grow a systematic and exclusive portfolio with multiple investment strategies and flexible options to choose from.

REASONS TO BUY INDIAFIRST LIFE WEALTH MAXIMIZER PLAN

  • Through this ULIP investment plan, grow your money while you invest in market linked fund options

  • Meet multiple needs through a single plan using the systematic partial withdrawal option any time after 5 years

  • Avail unlimited free switches to get the maximum benefit out of your money

  • Stay invested for a long term to grow with the market and beat inflation with exclusive add on benefits - Loyalty Benefits, Profit Booster and Loyalty Advantage

  • Flexibility to pay top-up premium to help manage increasing needs

  • Tax benefits may be available on the premiums paid and benefits received as per prevailing tax laws

WHAT ARE THE ELIGIBILITY CRITERIA?

  • The minimum age at entry should be 5 years while the maximum age at entry should be 55 years in case of a 5 year premium paying term. 65 years in case of single, regular premium and limited premium payment for 10/15/20 years.

  • The minimum age at maturity should be 18 years while the maximum age at maturity should be 70 years in case of a 5 year premium paying term. 90 years in case of single, regular premium and limited premium payment for 10/15/20 years

IndiaFirst Life Wealth Maximizer Plan


Everyone wants a little something extra in life. With the IndiaFirst Life Wealth Maximizer Plan, we have created the right unit-linked insurance plan for you—a ULIP that gives you everything you asked for and then some.

The IndiaFirst Life Wealth Maximizer Plan is a wealth builder designed to help you create a lasting legacy for your loved ones. As a ULIP insurance policy, the IndiaFirst Life Wealth Maximizer Plan meets two essential requisites—it provides life insurance cover and an opportunity to save and invest your money to make the most out of market-linked growth.

What is the IndiaFirst Life Wealth Maximizer Plan?


The IndiaFirst Life Wealth Maximizer Plan is a unit-linked, non-participating savings ULIP. Created with high-net-worth individuals like you in mind, this wealth builder plan helps you maximise returns on your savings and create a lasting legacy of wealth for the decades to come. The chances you take and the decisions you make today impact your future and the lives of your loved ones. This wealth builder policy focuses on creating a platform for you to begin accumulating wealth today. This comprehensive wealth policy ensures that you get closer to achieving your financial goal of building a lasting legacy by enabling you to capitalise on market-linked returns.

A highly customisable plan, the IndiaFirst Life Wealth Maximizer Plan features seven different fund options and multiple investment strategies to help boost your financial portfolio. Created to be a long-term investment tool, this wealth builder plan gives you the right incentives to stay with the policy so you can see your wealth grow as the market does.

This wealth policy provides you with a variety of fund options and a low-cost structure to optimise your returns. As a comprehensive insurance-cum-savings plan, the IndiaFirst Life Wealth Maximizer Plan also provides complete security for your family in your absence in the form of a life cover that runs through the tenure of the ULIP.

What are the key features of the IndiaFirst Life Wealth Maximizer Plan?


After working so hard to provide for your family and their future, you need an innovative investment tool to offer security, life cover, flexibility, financial portfolio strategies, and varied fund options in one policy. This is where the IndiaFirst Life Wealth Maximizer Plan comes in.

Here are the key features of this wealth builder plan:

Comprehensive life insurance

Your life is precious. Your family members depend on you to meet their needs now and in the future. These responsibilities make life cover an indispensable part of your financial portfolio. Suppose an untoward eventuality such as your untimely demise occurs. In that case, the death benefit pay-out offered by your insurance policy will help secure your family’s financial future and clear out any liabilities they may have inherited.

Any ULIP plan offers two main features—insurance cover and market-linked returns. The IndiaFirst Life Wealth Maximizer Plan provides life coverage equal to 7 times the annualised premium (for regular and limited pay options) and 125% of the single premium as a minimum sum assured.

Flexibility to choose policy and premium-paying terms

With the IndiaFirst Life Wealth Maximizer Plan, you get to customise your ULIP to the last letter. Choose from multiple policy terms and premium-payment terms (5/10/15/20 years, single premium) to find the right balance for you. You can pay your premiums through one-time payment, regular, and limited payment options. You can choose the premium payment frequency—monthly, quarterly, half-yearly, or yearly, as per your convenience.

Choice of fund options

The IndiaFirst Life Wealth Maximizer Plan offers you many to make your decisions more informed and effective. Get the flexibility to choose from 7 different fund options as per your requirement. These fund options include Equity1, Debt1, Balanced1, Value, Index Tracker, Dynamic Asset Allocation Fund, and Equity Elite Opportunities. Each fund has its risk-return ratio, and you can choose to allocate your premium as you see fit to get the best out of your money.

Multiple investment strategies

Optimising your returns requires you to choose the right fund options and invest with the right strategy in play. The IndiaFirst Life Wealth Maximizer Plan features various investment strategies to help you create your lasting legacy. Choose from proven investment strategies such as Automatic Trigger-Based Investment Strategy (ATBIS), Fund Transfer Strategy, and Age-Based Investment Strategy.

Exclusive add-ons

IndiaFirst Life offers exclusive add-on benefits to make it viable for you to stay with this wealth insurance plan in the long term. Earn more with Loyalty Benefits, Loyalty Advantage, and Profit Boosters as you grow with the market.

Maximising features

Avail of unlimited free switches or re-direct your premium to get the maximum benefit out of your investment in wealth insurance in India with this wealth policy.

Online purchase

The IndiaFirst Life Wealth Maximizer Plan is an online wealth plan that can be purchased within a few moments for your added convenience. Tailor this online wealth plan to suit your needs, choose a fund option or an investment strategy, pay online, and watch your money work hard for you.

Tax benefits

Tax benefits may be available on the premiums paid and benefits received from this wealth builder plan as per prevailing income tax laws in India.

How does the IndiaFirst Life Wealth Maximizer Plan work for you?


Building wealth need not be a confusing process. The IndiaFirst Life Wealth Maximizer Plan presents you with pivotal yet straightforward choices, so you can get closer to achieving your dreams step by step.

Step #1: Choose your premium

The IndiaFirst Life Wealth Maximizer Plan can be customised to suit your preferences. At the outset, choose your annualised premium, policy term, and premium payment term. Under a regular premium and limited pay plan, the minimum premium is set at Rs. 20,833 a month, Rs. 62,500 quarterly, Rs. 1,25,000 half-yearly, or Rs. 2,50,000 yearly. The minimum single premium payment is Rs. 5,00,000 under this plan. There is no maximum premium limit subject to board-approved underwriting process.

Step #2: Choose the policy term and premium payment term

You can select your general policy term and specific premium payment term (5/10/15/20 years or single pay), depending on your requirements. Since this wealth builder plan offers the flexibility to pay top-up premiums any time before the last 5 years of the policy, you can continue tweaking the plan till it aligns with your long-term financial goals.

Step #3: Choose your fund/investment strategy

You may choose to invest in any of the 7 funds available in this wealth builder policy. Alternatively, you can opt for one of the investment strategies. Here are the fund options to choose from:

  • Equity1 (80-100% equity, 0-20% money market)—high risk, high returns
  • Debt1 (70-100% debt, 0-30% money market)—moderate risk-returns
  • Balanced1 (50-70% equity, 30-50% debt, 0-20% money market)—lower potential returns than Equity1 but with moderate to high risk
  • Value (70-100% equity, 0-30% money market)—the highest potential of returns with high risk
  • Index Tracker (90-100% equity, 0-10% money market)—the highest potential of returns with high risk
  • Dynamic Asset Allocation Fund (0-80% equity and debt, 0-40% money market)—high potential of returns with high risk
  • Equity Elite Opportunities (60-100% equity, 0-40% money market)—high risk, high returns

Alternatively, you can choose the investment strategy which will dictate where your money is invested.

  • ATBIS (Automatic Trigger-Based Investment Strategy) allows you to create a safety net around your hard-earned money by choosing to transfer your earnings or positive returns into relatively safer fund options to clear the path for steady growth.
  • FTS (Fund Transfer Strategy) enables you to park your premiums in the equity and debt market systematically to help you build an organised financial portfolio and enjoy the benefits of rupee cost averaging.
  • ABIS (Age-Based Investment Strategy) helps adjust the risk appetite to your age and maintain a well-balanced portfolio for your savings.

Keep in mind that only one strategy can be in effect at a time, and you must choose either an investment strategy or one of the fund options in this wealth insurance plan.

What are the reasons to buy the IndiaFirst Life Wealth Maximizer Plan?


The IndiaFirst Life Wealth Maximizer Plan is an ideal plan to help you accumulate and systematically save your money, so you meet your financial goals. Maximise your returns through market-linked growth and exclusive add-on boosters while ensuring that your family’s needs will be taken care of even in your absence. This wealth builder policy offers you many benefits; here’s a look at a few of them:

Significant maturity and death benefits

At the end of the wealth policy term, the policyholder receives the fund value along with any top-up fund value at maturity. In the unfortunate event of the policyholder’s demise, the nominee stands to receive a death benefit equal to higher fund value as on date of death or sum assured in a lump sum pay-out or monthly instalments spread out over 5 years (Settlement Period option).

Additional boosters

ULIP insurance plans are a long-term investment solution. Since they are market-linked, a longer time horizon typically results in better returns for the policyholder. Besides all policy-related benefits, the IndiaFirst Life Wealth Maximizer Plan also offers additional boosters and benefits that further enhance your growing corpus.

  • A Loyalty Benefit is earned at the end of every policy year starting from the end of the 6th year onwards to reward you for staying with the wealth policy for the entire term. This loyalty benefit is a percentage of the average fund value (daily and top-up) in the same policy year.
  • A Profit Booster becomes applicable every 5th year starting from the end of the 10th policy year for regular and limited pay plans.
  • A Loyalty Advantage is offered to those who pay all premiums regularly. This benefit is a percentage of the average fund value (daily and top-up) in the same policy year. It starts accumulating every year from the end of the 6th policy year.
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Ultimate in flexibility

The IndiaFirst Life Wealth Maximizer Plan takes pride in being a wealth policy that is exclusively built around your needs. To ensure that your plan is aligned with your overall financial goals, there are many flexible options available to you.

  • Free switches: You can make as many switches as you would like in a calendar month. What’s more, these switches are entirely free of charge.
  • Partial and Systematic Partial Withdrawal: In case of any financial emergencies, you can choose to withdraw from your accumulated funds using a Partial Withdrawal after completing your 5th policy year. A systematic partial withdrawal option is also available.
  • Top-up Premium: As your needs and means grow, you may want to add more funds to your policy over and above your premium payments. Not only does a top-up increase your savings, but it also increases the sum assured in the ULIP plan.

Low-cost structure

At IndiaFirst Life, transparency is non-negotiable. All charges under the IndiaFirst Life Wealth Maximizer Plan are listed and conveyed to the policyholder. To streamline this wealth builder plan and create ways for customers to maximise their returns, this ULIP plan features a low-cost structure. There are no policy administration charges, partial withdrawal charges, or switching charges for you to worry about.

What are the eligibility criteria for the IndiaFirst Life Wealth Maximizer Plan?


  • The minimum age at entry should be at least 5 years, while the maximum age at entry should be 55 years in case of a 5-year premium paying term, or 65 years in single, regular premium, and limited premium payment for 10/15/20 years.
  • The minimum age at maturity should be 18 years, while the maximum age at maturity should be 70 years in case of a 5-year premium paying term, or 90 years in case of single, regular premium, and limited premium payment for 10/15/20 years

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FAQs

  • How to pay premiums for the IndiaFirst Life Wealth Maximizer Plan?

    Under the IndiaFirst Life Wealth Maximizer Plan, you can choose to pay your premiums through single, limited, and regular options. A single premium wealth builder plan requires a one-time payment only. Both regular and limited premium plans can be paid at a monthly, quarterly, half-yearly, or yearly frequency. You can choose your annualised premium, policy term, and premium payment term to suit your needs.

  • What are the investment strategies available under the IndiaFirst Life Wealth Maximizer Plan?

    The IndiaFirst Life Wealth Maximizer Plan is highly customisable. Not only can you choose from 7 different fund options based on your risk appetite, but you can also choose from multiple investment strategies. Under this wealth builder policy, there are currently three different investment strategies to choose from.

    ATBIS—Automatic Trigger Based Investment Strategy allows you to enjoy the earnings from a market uptick while minimising the downsides. If you opt for ATBIS, your funds get transferred to the Equity1 fund, and the earnings get moved to the Debt1 fund based on a pre-set trigger of 10%.

    FTS—Fund Transfer Strategy allows you to enjoy the benefits of rupee cost averaging as the units in the preferred debt fund are transferred systematically to the chosen equity-oriented fund every month.

    ABIS-Age Based Investment Strategy makes your money act your age. Post-deductions, your premium is distributed between Equity1 fund, Debt1 fund, and Value fund based on your age. As your age band changes, the allocation of funds also changes to match your risk exposure.

  • Are there any loyalty benefits you can earn in the IndiaFirst Life Wealth Maximizer Plan?

    Yes, the IndiaFirst Life Wealth Maximizer Plan offers many exclusive loyalty additions for policyholders who stay with the policy till the end of the term. The Loyalty Benefit and Loyalty Advantage are provided from the end of the 6th policy year onwards. Under this wealth builder plan, you may also receive the Profit Booster, which shall be applicable every 5th year starting from the end of the 10th policy year. This amount is a percentage of the average daily fund value, including top-up fund value, if any, during the immediate previous two policy years provided your policy term is 15 years and above.

  • What is switching, and do I have to pay for it?

    In the IndiaFirst Life Wealth Maximizer Plan, there are 7 fund options to choose from. Switching is the process of transferring some or all of your units from one fund to another. This is only allowed in case the life assured is over the age of 18 years. The minimum switching amount is Rs. 5,000.

    With this wealth insurance plan, you are allowed to make an unlimited number of switches in a calendar month. These switches are free of charge.

  • What is the systematic partial withdrawal option under the IndiaFirst Life Wealth Maximizer Plan?

    One of the flexibility options offered under the IndiaFirst Life Wealth Maximizer Plan is the systematic partial withdrawal option. You can choose this option after completing 5 policy years, as long as the life assured is over 18 years.

    Under this option, you need to choose the percentage of pay-out and meet these two viability conditions:

    (1) The systematic partial withdrawal amount should not be less than Rs.1000 and not more than 25% per annum of the fund value at a monthly, quarterly, half-yearly, or yearly frequency after completing the first 5 policy years.

    (2) The fund value should not fall below 110% of one annual premium for regular/limited premium paying policies and should not fall below Rs. 100,000 for single premium at any time during the tenure of Systematic Partial Withdrawal. This is provided that the fund grows at the rate of 4%, and premiums are paid as and when due.

    Once the systematic partial withdrawal option comes into effect, the sum assured reduces as per partial withdrawal methodology.

  • What is the impact of partial withdrawals/systematic partial withdrawal on death benefit?

    In case of the life assured’s untimely demise, the nominee will receive the death benefit. The sum assured in the case of partial/systematic partial withdrawals will be reduced by an amount equal to the withdrawals made from the base fund value (not from top-up fund value), during the 24 months immediately preceding the date of death of the life assured.

  • Are there any limits on top-up premiums in the IndiaFirst Life Wealth Maximizer Plan?

    The IndiaFirst Life Wealth Maximizer Plan top-up premium option allows you to add funds over and above the premiums to be paid in the policy. This amount increases your savings in the plan, and the top-up sum assured. You can use this option any time before the last 5 policy years of your term, given that all your due premiums have been paid. The minimum top-up premium amount is Rs. 10,000, while the maximum is capped at the total regular/limited/single premiums paid at the time of the top-up payment.

  • What are the charges under the IndiaFirst Life Wealth Maximizer Plan?

    Under the IndiaFirst Life Wealth Maximizer Plan, the policyholder will be charged a Premium Allocation Charge, Fund Management Charge, and Mortality Charge. There is no Policy Administration Charge, Partial Withdrawal Charge, or Switching Charge to be paid. If you choose to discontinue the wealth policy, a Discontinuance Charge will be levied depending on the policy year.

  • What happens if I stop paying my premiums?

    Under the IndiaFirst Life Wealth Maximizer Plan, a grace period of 30 days for the payment of all premiums under quarterly, half-yearly, and yearly modes is offered. This period reduces to 15 days under monthly mode. This period starts from the due date of each premium payment. All your IndiaFirst Life Wealth Maximizer Plan benefits continue during this grace period.

    Within the lock-in period: If the due premiums are not paid by the end of the grace period, the wealth builder policy shall be discontinued and the fund value after deducting the applicable discontinuance charges shall be credited to the discontinued policy fund, and the risk cover shall cease.

    After the lock-in period: If the due premiums are not paid by the end of grace period, then the wealth policy will be converted into a paid-up policy with reduced paid-up sum assured. Deductions and charges will depend on the terms and conditions of the policy during the revival period.

  • How can I revive my lapsed wealth builder plan?

    In order to revive the policy within or after the lock-in period, a written request needs to be sent. The policy may be revived at IndiaFirst Life’s discretion in accordance with board-approved underwriting policy, as long as these needs are met. You must have paid all the due unpaid premiums without any interest/late fees, submitted a declaration of good health, and undergone a medical examination (if required, and at your cost).

  • Do I have the right to review my purchase of the IndiaFirst Life Wealth Maximizer Plan?

    Yes, if you disagree with the policy terms and conditions, the IndiaFirst Life Wealth Maximizer Plan can be returned within 15 days from the date of receiving the policy. The free-look period for policies purchased through distance marketing or electronic mode will be 30 days.