10 Reasons To Buy Life Insurance - IndiaFirst Life

10 Reasons To Buy Life Insurance

Life insurance is a crucial tool that provides financial security and peace of mind for you and your family. Here are 10 benefits of life insurance that tells you why buying it should be a key part of your financial planning.

Financial Security for Dependents

A life insurance policy ensures your dependents are financially secure even in your absence. It is a crucial asset for the primary breadwinner.
Debt Repayment

Life insurance can help pay off debts such as a home loan, car loan, or a personal loan, preventing your family from bearing the financial burden in your absence.
Wealth Creation

Some life insurance plans, such as a term insurance policy, keep their features simple, accessible, and focus on protecting your loved ones. Certain types of life insurance policies, such as a ULIP (Unit Linked Insurance Plan) let you invest and achieve your long-term financial goals. In addition, it also offers a life cover that ensures financial security for your family in the event of an unfortunate incident. This can help you to build wealth over time, creating financial stability.
Additional Benefits

You can have additional benefits, in the form of riders attached to your base policy, to receive more benefits.
Retirement Planning

Policies like pension plans or guaranteed return plans can act as a source of income during retirement.
Tax Benefits

Premiums paid towards life insurance may be eligible for tax deductions under Section 80C of the Income Tax Act, 1961. Additionally, the death benefit you may receive after the life insurance claim is made is tax-free under Section 10(10D).
Critical Illness Coverage

You can avail of critical Illness (CI) coverage provided in the form of riders that can be attached to the base policy. A Critical illness rider provides financial assistance on the diagnosis of a Critical illness during the policy term.
Peace of Mind

Knowing that your family will be financially secure in your absence, provides immense peace of mind, allowing you to focus on your present without worrying about the future.
Financial Perspective

A life insurance calculator can help you determine the right amount of coverage based on your financial situation and goals. When you use such a tool, you can get a better idea of your personal financial situation and how things could turn out in the days to come.
Legacy Planning

Life insurance can be used to leave a legacy for your heirs, ensuring that they are taken care of and can continue your financial legacy.

These top 10 reasons to buy life insurance ensure your goals, from financial security to tax savings and investment opportunities, are fulfilled. By using a life insurance calculator, you can tailor your policy to meet your specific needs, ensuring you and your loved ones are well-protected.

by IndiaFirst Life
Headquartered in Mumbai, IndiaFirst Life Insurance Company Limited (IndiaFirst Life), with a paid-up share capital of INR 754.37 crore, is one of the fastest growing private life insurers in India in terms of New Business IRP in Fiscal 2023. Our key differentiators are our simple, easy-to-understand products that are optimally priced. As of Sept 30, 2023, we offered 30 retail products, 13 group products along with six riders (across retail and group portfolios), along with policies under the PMJJBY scheme, catering to protection, savings, health and retirement needs of our customers, leveraging multiple distribution capabilities and augmenting various investment options. In all propositions under the categories of Participating Plans, Non-Participating Savings Plans, Non-Participating Protection Plans, Unit Linked Insurance Plans, Group Protection Plans, Corporate Funds Plans, Riders & PMJJBY form a complete suite of offerings that help our customers prepare for the certainties of life. Our products are easy to understand and optimally priced with a developed comprehensive risk management framework/policy.

Plans that will interest you!

IndiaFirst Life Guaranteed Protection Plus Plan

Product Image
Product Name
Dropdown Field: Tax Saving
Product Description: Need a protection plan that is tailored especially for your needs? Look no further! This plan aims to give you and your family financial security in an easy and convenient way.
Product Benefits: Option to Get Your Money Back (ROP)
Tailormade plans
Flexibility to pay premiums at your convenience.
Insure your spouse in the same policy
Cover till 99 years of age
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More

IndiaFirst Life Plan

Product Image
Product Name
Dropdown Field: Tax Saving
Product Description: A protection plan for your family that helps them stand independently! IndiaFirst Life Plan gives your family a financial cushion to fall back on in your absence.
Product Benefits: Flexibility to choose the duration
Family will receive the payout
Flexibility to choose the assured amount
Long term protection
Tax* benefits
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More

IndiaFirst Life Radiance Smart Invest Plan

Product Image
Product Name
Dropdown Field: Investment
Product Description: Have you heard of a plan that not only gives you a life cover but also helps in wealth creation? Enjoy 2 benefits in 1 plan with IndiaFirst Life Radiance Smart Invest Plan.
Product Benefits: Zero Fund allocation charges
10 different funds to choose from
3 plan options to achieve your investment goals
100% money invested for higher returns
Life cover charges returned at the end of policy year
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More

IndiaFirst Life Guarantee of Life Dreams Plan

Product Image
Product Name
Dropdown Field: Savings
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
Benefits of long-term Savings.
Protection even if you miss one premium.
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More

Indiafirst Life Guaranteed Single Premium Plan

Product Image
Product Name
Dropdown Field: Guaranteed Returns
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

IndiaFirst Life Guaranteed Pension Plan

Product Image
Product Name
Dropdown Field: Retirement
Product Description: Make your golden years truly golden! Invest in the Guaranteed Pension Plan that is designed to guarantee an income for as long as you live.
Product Benefits: Receive income during retirement years.
Choose among 5 different annuities.
Option to extend pension benefits to loved ones.
Return of purchase price
Increasing annuity(pension) option
Porduct Detail Page URL: Get Quote
Product Buy Now URL and CTA Text: Learn More

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