Term Insurance vs. Life Insurance

IndiaFirst Life Guaranteed Protection Plus Plan

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Product Name: IndiaFirst Life Guaranteed Protection Plus Plan
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
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IndiaFirst Life Plan

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Product Name: IndiaFirst Life Plan
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
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IndiaFirst Life Radiance Smart Invest Plan

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Product Name: IndiaFirst Life Radiance Smart Invest Plan
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
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IndiaFirst Life Guarantee of Life Dreams Plan

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Product Name: IndiaFirst Life Guarantee of Life Dreams Plan
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

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Product Name: Indiafirst Life Guaranteed Single Premium Plan
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

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Product Name: IndiaFirst Life Guaranteed Pension Plan
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

	Term Insurance	Life Insurance
Definition	Term insurance is the most basic and affordable type of insurance that covers you for a specific term, which can range from 10 to 30 years	Life insurance is a contract in which the buyer pays a predetermined amount to the insurance company. The purpose of this purchase can vary, but most people buy insurance to earn returns, grow savings, save for retirement, pay for a future goal, or to provide financial compensation in case of the breadwinner’s unexpected death
Risk Covered vs. Savings	The plan only offers a death benefit to the nominees, in case of the policyholder’s death during the policy term. There are no maturity benefits or bonuses that can help grow wealth	Some of these plans have both, investment, and insurance. Investment component creates a corpus which helps grow savings. Insurance offers death benefit, maturity benefit and bonuses where applicable
Flexibility	The policy and benefits lapse if a premium payment is missed. But it can be renewed by paying the missed premiums and reinstate your policy benefits.	Maturity benefit is paid out if all premiums are paid and the policy tenure is completed. If the policy is surrendered midway, you lose the saving component and only a part of the premiums paid are paid back. Closing the policy is not an easy process and the policy cannot be converted into another plan
Premium Amount	Premium amount is affordable and offers a higher coverage for a minimal cost. The premium amount is fixed and stays the same over the entire premium paying term	The cost of premiums varies depending on how much coverage you need. The returns earned are dependent on current market conditions.
Tax Benefit	You can get tax deductions of up to ₹ 1.5 lakh under Section 80C of the Income Tax Act. Both the premium amount and the death benefit are exempted	You can get tax deductions of up to ₹ 1.5 lakh under Section 80C of the Income Tax Act, on the premium paid and maturity benefit.

Term Insurance vs. Life Insurance

Product Category Term Plan

IndiaFirst Life Guaranteed Protection Plus Plan

IndiaFirst Life Plan

IndiaFirst Life Radiance Smart Invest Plan

IndiaFirst Life Guarantee of Life Dreams Plan

Indiafirst Life Guaranteed Single Premium Plan

IndiaFirst Life Guaranteed Pension Plan

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