6 Reasons To Buy The IndiaFirst Life Long Guaranteed Income Plan

IndiaFirst Life
• 23 Jul, 2025

In today’s uncertain financial environment, having a reliable and guaranteed source of income is not just reassuring but rather essential. The IndiaFirst Life Long Guaranteed Income Plan is designed to offer exactly that. It provides a smart combination of life cover, guaranteed income, and return of premium, helping policyholders meet their long-term financial goals while securing their families' futures.

Here are six compelling reasons why this life insurance plan stands out.

1. Guaranteed Income for a Fixed or Lifetime Period

One of the biggest advantages of the IndiaFirst Life Long Guaranteed Income Plan is its assured income benefit, which supports you financially at key stages of life. You can choose between two plan options:

Definite Income Option: Receive guaranteed income for 20 or 30 years after the end of the policy term.
Whole of Life Income Option: Receive guaranteed income till you turn 99 years old.

This flexibility ensures that whether you want a fixed income stream for a specific life goal or lifelong financial support, the plan is built to accommodate your needs.

2. Limited Premium, Long-term Benefit

This savings plan follows a Limited Premium Payment structure, which means you pay premiums for a shorter duration like 5, 7, or 12 years, but continue enjoying income benefits and life cover for a much longer period. Depending on the plan option you select, the income could last up to 99 years or a fixed 20 to 30 years.

This approach makes the plan ideal for those who want to invest now and relax later, without the burden of prolonged premium payments.

3. 100% or 115% Return of Premium

At the end of the income period, the plan rewards you with Return of Premium (ROP) which is either 100% or 115% of the premiums paid, depending on the amount of premium and frequency chosen. This lump sum payout comes in addition to the regular income you’ve already received, making it a highly rewarding benefit.

For example, if your annual premium is more than ₹5 lakhs, you are eligible for a 115% return of all premiums paid. This means you not only get all your invested money back but even earn more on it.

4. Life cover that continues even if you miss a premium

Most life insurance policies lapse immediately if you miss a premium payment. Not this one.

The IndiaFirst Life Long Guaranteed Income Plan offers a Life Cover Continuance feature. If you’ve already paid two full years of premiums, and then miss one, your life cover continues for up to one year from the first unpaid premium date.

You also get multiple options, such as:

Pay all due premiums and revive the policy
Pay just one annual premium to extend the life cover for another year
Continue the policy as Reduced Paid-Up, with proportionate benefits

This ensures your family is not left without financial protection due to a temporary setback.

5. Flexible Death Benefit Options

In the unfortunate event of the policyholder’s demise, the plan provides a death benefit that is higher of:

Sum Assured on Death (a multiple of the annual premium), or
105% of total premiums paid

Moreover, the nominee can choose to receive this benefit either as a lump sum or as a monthly income for five years, which can help the family manage finances better.

If death occurs during the income benefit period, the nominee continues receiving the income till the end of the term and also receives the Return of Premium amount at the end. Alternatively, the nominee can opt to receive the present value of future payouts in one go.

This makes the plan a strong financial shield for your loved ones.

6. Added flexibility through riders and tax benefits

To further enhance your protection, the plan offers four optional riders.

These riders provide additional financial support in case of critical events, such as disability or accidental death.

Moreover, the plan qualifies for tax benefits under prevailing income tax laws on both premiums paid and benefits received. While tax laws are subject to change, this dual advantage of protection plus tax savings makes it an attractive choice.

The IndiaFirst Life Long Guaranteed Income Plan offers a thoughtful mix of guaranteed returns, life protection, and flexibility, making it one of the more comprehensive life insurance products available today. Whether you’re planning for a child’s future, your retirement, or just want peace of mind with assured income, this plan gives you the confidence to move forward with financial certainty.

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.

IndiaFirst Life Insurance Company Limited is only the name of the Life Insurance Company and IndiaFirst Life Long Guaranteed Income Plan (UIN 143N054V06). 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 promoter M/s Bank of Baroda and is used by IndiaFirst Life Insurance Co. Ltd under License.

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.