Enjoy 0% GST on your policy premium. Get ₹1 Cr. Life Cover at just ₹22.5/day* + 10%^ Online Discount with IndiaFirst Life ELITE Term Plan (UIN 143N070V01). *^T&C Apply.
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IndiaFirst Life Elite Term Plan
IndiaFirst Life Radiance Smart Invest Plan
IndiaFirst Life Elite Term Plan
IndiaFirst Life Radiance Smart Invest Plan
IndiaFirst Life Radiance Smart Invest Plan
Enjoy 0% GST on your policy premium. Get ₹1 Cr. Life Cover at just ₹22.5/day* + 10%^ Online Discount with IndiaFirst Life ELITE Term Plan (UIN 143N070V01). *^T&C Apply.
Know More
Tired of complicated insurance? We’ve made it effortless - Introducing IndiaFirst Life app-like tool Calculate, plan, and protect—all from your device. Your future is just a tap away.
Install now!
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IndiaFirst Life Guaranteed Protection Plus Plan
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Option to Get Your Money Back (ROP)
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Pay for 5 years get coverage for 99 years.
An interim bonus in life insurance is an additional payment a policyholder may receive if their policy matures or if they surrender it between two declared bonuses. This bonus is particularly relevant when a policyholder's life insurance policy matures before the next scheduled annual bonus declaration.
When a life insurance company declares bonuses, it typically happens at regular intervals, such as one time in a year. However, if a policyholder's life insurance policy matures or is surrendered before the next bonus is declared, the insurer may still reward the policyholder for the time the policy was in force during that financial year. This reward is known as an interim bonus.
Here are a few things policyholders ought to remember about the feature of interim bonus in life insurance.
Interim bonuses are applicable only to participating life insurance policies, which are eligible for bonuses based on the insurer’s surplus.
The bonus amount is calculated based on the period from the last bonus declaration to the life insurance policy’s maturity or surrender date.
It can ensure policyholders receive a fair share of the insurer’s profits, even if their policy does not align perfectly with the bonus declaration dates.
Interim bonuses ensure the policyholder’s investment in a life insurance policy is continuously rewarded, even when the timing of policy maturity does not coincide with the insurer’s bonus schedule. It reinforces the value of holding a participating life insurance policy, as it guarantees the policyholder is adequately compensated for every period the policy is active.
To sum it up, an interim bonus in life insurance protects policyholders from missing out on potential earnings and ensures a fair and consistent distribution of profits, making it an essential aspect of participating life insurance policies.
# Bonus rate may vary from time to time based on Company’s Investment Performance.
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12th and 13th Floor, North [C] wing, Tower 4, Nesco IT Park, Nesco Center, Western Express Highway, Goregaon (East), Mumbai – 400063.
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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.
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