Income Based Term Plans
Term Insurance Coverage Options
Term Insurance for EveryOne
Term Insurance For Coverage for all Ages
Term Insurance Calculator
Term Insurance Riders
Savings Plans
Guaranteed Returns Plans
Life Insurance Rider
Group & Corporate Life Insurance Plans
Child Insurance Plans
Insurance Calculators
Health Calculators
Expert Resources
Knowledge Centre
Claims
Download Section
Reach Out to Us
Choose a Time Slot
Let Us know a suitable time for you.
Ask an Expert to Buy Life Insurance
We're happy to know that you're prioritizing your family's future. Our life insurance expert will assist you in finding the best insurance plan. To schedule a call, please share some of the below details.
Male
Female
Other
Thank for submitting your details
Your insights play a crucial role in helping us improve and enhance our services.
Endowment policies are structured to balance risk and reward, functioning as both an insurance and a savings tool.
Endowment policies are a safe investment choice, particularly for those who prioritise financial security, stable returns, and achieving long-term financial goals, without exposure to high market risks.
There are several types of endowment plans to suit different financial goals:
Endowment policies come with a range of benefits:
Endowment policies come with key features catering to a variety of financial needs:
Plan Name
| Key Features | Minimum Premium |
|---|---|---|
| Guarantee of Life Dreams Plan |
|
|
| Guaranteed Single Premium Plan |
| ₹1,00,000 |
| Mahajeevan Plus Plan |
|
|
| Guaranteed Income Plan |
|
|
Meeting these criteria is essential for securing an endowment policy, ensuring you qualify for the plan best aligning with your financial and protection goals.
When considering an endowment policy, evaluate the following factors:
When applying for an endowment policy, specific documents are necessary to verify identity, income, and eligibility for coverage. These include:
The claim process for an endowment policy varies based on the type of claim:
Endowment plans, while secure, come with certain limitations:
Endowment plans aim to secure long-term savings and offer financial protection. They provide a balance of insurance and investment, helping individuals accumulate wealth over time. By offering a lump sum at maturity or in case of the policyholder’s death, these plans ensure financial security for policyholders and beneficiaries.
ULIP (Unit Linked Insurance Plans) invest in market-linked funds, offering high growth potential but greater risk. Endowment plans, however, provide guaranteed returns with low risk, making them ideal for conservative investors focused on savings and insurance.
Endowment policies tend to have higher premiums, lower returns compared to equity investments, and limited flexibility. These plans are also challenging to exit mid-term, often resulting in surrender penalties. For investors seeking high returns or flexibility, an endowment policy may not be the best fit.
Ideally, purchasing an endowment plan early in life provides more time for wealth accumulation and offers cost-effective premiums. Early investment in endowment policies enables long-term savings growth, supporting future goals such as children’s education or retirement.
Yes, most endowment plan insurance providers allow policyholders to update or change their nominee during the policy term. To do this, contact your insurer, complete a nominee change form, and provide updated details to ensure accurate records.
Yes, policyholders can surrender their endowment policy; however, this may incur penalties, particularly if done within the initial years. The payout in such cases may be lower than the total premiums paid, impacting the investment’s profitability.
Yes, an endowment policy can be discontinued or surrendered. However, penalties often apply, especially if surrendered within the first few years. Discontinuing can lead to financial losses, as the surrender value may be lower than the premiums paid.
View All
Thank you for subscribing to Life+ Newsletter!
Keep an eye on your inbox-great things are coming your way
BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/FRADULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Follow Us
Registered Office
12th and 13th Floor, North [C] wing, Tower 4, Nesco IT Park, Nesco Center, Western Express Highway, Goregaon (East), Mumbai – 400063.
IRDAI Information
IRDAI Regd. No. 143 | CIN: U66010MH2008PLC183679Trade logo displayed above belongs to one of our promoters and shareholders, Bank of Baroda and are used by IndiaFirst Life Insurance Company Limited under License.
For more details on risk factors, associated terms and conditions and exclusions please read the product brochure before concluding a sale.
Customers 
Distributor 
Partner with Us 
Employee 
