Everyone has dreams and ambitions: a child’s education, a dream home, or a comfortable retirement. Realising these goals requires disciplined savings, strategic planning, and—most importantly—an insurance partner you can trust.
Let’s explore why IndiaFirst Life is the right partner, how its product suite aligns with various objectives, and what sets it apart in the crowded insurance landscape.
The Foundation of Trust: High Solvency and Claim Settlement Ratio
A claim is only worthwhile if it gets settled when needed. IndiaFirst Life boasts a 98.04% claim settlement ratio, reflecting its commitment to honouring claims promptly. Moreover, genuine claims can be settled within a single day. This gives policyholders and nominees the assurance that financial help will arrive without delay in critical times.
A Comprehensive Product Suite Tailored to Life Goals
IndiaFirst Life Insurance emerges as an ideal choice for individuals and families to plan and achieve life goals.
1. Protection Goals: Term Insurance Plans
For individuals prioritising pure life cover, the IndiaFirst Life Elite Term Plan offers:
- High cover at affordable premiums: Ensures the family’s income replacement.
- Tax savings under Section 80C: Lower taxable income via premium deductions.
- Lifetime protection till age 99: Long-tenure safeguard for dependents.
By choosing a term life insurance plan, policyholders can focus resources on wealth building elsewhere, confident that their family’s financial security is guaranteed.
2. Savings and Wealth Creation: ULIPs and Endowment Plans
Accruing wealth for medium- to long-term goals is critical. IndiaFirst Life’s Unit-Linked Insurance Plans (ULIPs) allow:
- Flexible asset allocation: Choose equity, debt, or balanced funds based on risk appetite.
- Dual benefits: Insurance cover plus market-linked returns.
- Top-up and partial withdrawal features: Adapt to changing goals without surrendering a policy.
For those seeking more predictable outcomes, Endowment Plans guarantee:
- Guaranteed maturity benefit: Lump sum payout if the insured survives the policy term.
- Death benefit with bonuses: Enhanced sum assured through participation in profits.
- Low-risk saving avenue: Steady growth backed by the insurer’s investments.
Both, a ULIP and an endowment-based life insurance policy, can help policyholders grow their wealth systematically while providing life cover.
3. Education and Milestones: Child Insurance Plans
Parents planning for their child’s higher education or major life events can choose Child Insurance Plans.
Key features include:
- Death benefit to parents’ nominees: Ensures child’s financial security even if the parents pass away
- Lock-in for disciplined savings: Encourages long-term commitment
By aligning pay-out timings with educational expenses, these plans reduce the need for sudden borrowing or dipping into other investments.
4. Retirement Goals: Pension and Annuity Plans
As retirement approaches, the focus shifts to generating a reliable income stream. IndiaFirst Life’s retirement solutions include:
1. Guaranteed Pension Plan (Deferred Annuity)
- Limited premium payment term (5–10 years)
- Lifetime annuity post deferment: Ensures a steady post-retirement income
- Critical illness and return-of-purchase price features: Additional protection and return of investment to nominee
2. Guaranteed Annuity Plan (General Annuity)
- Flexible annuity options (12 variants)
- Critical illness rider: Lump sum on disease diagnosis, plus return-of-purchase price at death
By tailoring annuity choice—life annuity, increasing annuity, or annuity with return benefits—policyholders can match payouts to anticipated expenses and inflation.
Meeting Key Life Goals Through the IndiaFirst Life Ecosystem
Through its diverse product suite—term plans, ULIPs, endowment plans, child policies, and pension/annuity solutions—IndiaFirst Life stands as a trusted partner in your life’s journey.
1. Income Replacement and Family Protection
Whether you’re a young professional or mid-career earner, a term insurance plan ensures that your family’s lifestyle is not compromised if you’re no longer around. By substituting your income for your dependents, IndiaFirst Life’s term products let you focus on building a career and other goals, knowing your family remains secure.
2. Funding Major Milestones—Home, Education, Marriage
Beyond protection, IndiaFirst Life’s endowment and ULIP-based products serve as disciplined savings vehicles. A ULIP portfolio can be steered toward equity for aggressive growth during your working years, then switched to a more conservative allocation as you near the goal—be it a home down payment or a child’s higher education. Endowment plans provide guaranteed benefits at maturity, helping you plan a lump sum for marriage expenses or a second home.
3. Retirement Without Worries
One of life’s largest uncertainties is how to maintain a comfortable lifestyle post-retirement—especially when medical and living costs continue to rise. With IndiaFirst Life’s pension and annuity plans, policyholders can transition from accumulation to distribution smoothly. The Guaranteed Pension Plan offers a dedicated phase of premium payment, followed by a lifetime income, ensuring you never outlive your savings. Add critical illness protection to cover healthcare costs in later years, and your retirement plan can become a holistic solution.
Convenience and Digital Empowerment
Life goals vary—some seek to protect young families, others aim to accumulate wealth for midlife milestones or ensure a dignified retirement.
1. Easy Online Purchase and Premium Payment
IndiaFirst Life understands that busy lifestyles demand convenience.
The web portal and mobile app allow potential customers to:
- Compare plans and generate quotes instantly.
- Purchase policies online with step-by-step guidance.
- Pay premiums digitally - monthly, quarterly, half-yearly, or yearly.
Online calculators (term, retirement, savings) help applicants fine-tune coverage and benefits before purchase (reducing guesswork).
2. Transparent Policy Servicing and Claims
Once a policy is active, policyholders can:
- View and download policy documents online
- Track claim status in real time
- Update personal details (nominee, address) digitally
In the unfortunate event of death or critical illness, claim settlement is swift, backed by seamless document submission via WhatsApp or the website. The high claim settlement ratio (98.04%) underscores IndiaFirst Life’s commitment to customer-centric service.
Customer Education: Empowering Informed Choices
Choosing the right insurance requires understanding policy features, terms, and exclusions. IndiaFirst Life’s Insurance Ki Kitaab—an easy-to-understand guide—explains insurance basics: riders, claim processes, tax benefits, and types of policies. Videos and educational blogs further equip customers to make informed decisions, ensuring that each policy aligns with personal goals and risk profiles.
The IndiaFirst Life Difference: Values That Resonate
When you choose IndiaFirst Life, you’re not just buying a policy; you’re forging a partnership that aligns with your aspirations, transforming dreams into reality—securely, confidently, and comprehensively.
1. Credibility:
Backed by Bank of Baroda and Union Bank of India, with strong regulatory compliance.
2. Reliability:
Industry-leading claim settlement metrics and transparency.
3. Affordability:
Competitive premium rates across products.
4. Flexibility:
Numerous riders, plan options, and premium/payment frequencies.
5. Accessibility:
Seamless online/offline purchase channels and robust customer support.
Backed by strong promoter support, a stellar claim settlement record, and user-friendly digital tools, IndiaFirst Life empowers you to craft a personalized roadmap to meet financial and life goals.
Disclaimer:
IndiaFirst Life Insurance Company Limited, IRDAI Regn No.143, CIN: U66010MH2008PLC183679, Address: 12th & 13th floor, North [C] Wing, Tower 4, Nesco IT Park, Nesco Center, Western Express Highway, Goregaon (East), Mumbai – 400 063. Toll free No – 18002098700, www.indiafirstlife.com SMS to 5667735 SMS Charges apply. IndiaFirst Life Insurance Company Limited is only the name of the Life Insurance Company and IndiaFirst Life Elite Term Plan UIN 143N070V01 is only the name of the Life Insurance Product and does not in any way indicate the quality of the contract, its future prospects, or returns. For more details on risk factors and terms and conditions, please read the sales brochure carefully before concluding the sale. Trade logo displayed above belongs to our promoters M/s Bank of Baroda is used by IndiaFirst Life Insurance Co. Ltd under License.
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