Menu
close
Ask an Expert arrow
search
mic
close-search

No results for

Check that your search query has been entered correctly or try another search.

Ask an Expert to Buy Life Insurance

We're happy to know that you're prioritizing your family's future. Our life insurance expert will assist you in finding the best insurance plan. To schedule a call, please share some of the below details.

right-icon-placeholder
right-icon-placeholder
male male

Male

male male

Female

male male

Other

Key Features of IndiaFirst Life Cash Back Plan

Periodic cash back

Pay for a limited period and receive periodic money back through the policy term.

cover-life

Flexible Investment Periods

Choose from 9, 12, or 15-year investment periods to suit your financial needs

wealth-creation

Guaranteed Joyful Payouts

Enjoy guaranteed payouts at intervals, enhancing life's special moments.

secure-future

Boosted Returns with Guaranteed Additions#

Watch your investment grow with guaranteed additions #Benefits are guaranteed when all due premiums are paid

many-strategies

Strong Risk Coverage

Get a Risk Cover equal to Higher of 10 times the annualized premium or sum assured on maturity along with accumulated guaranteed additions.

many-strategies

Long-Term Benefits

Reap rewards over an extended period with limited premium paying option.

many-strategies

Tax Efficiency*

Maximize tax savings on premiums and benefits received under prevailing tax laws.

many-strategies

How to Buy IndiaFirst Life Cash Back Plan?

Step 1

Enter Personal Information

Mention your name, age, gender and contact details. Ensure accuracy for smooth processing.

choose-plan

Step 2

Choose Life cover & policy tenure

Choose the amount you want to be insured with and policy tenure.

premium-amount

Step 3

Review Your Quote

A quote will be generated for your review to make an informed decision

select-stategy

Step 4

Talk to Our Experts

Our dedicated sales team will assist you in understanding and completing the payment process for a hassle-free experience.

make-payments

Step 5

Make Payment

Choose from available payment methods. Complete transaction securely for activation of IndiaFirst Life Cash Back Plan.

make-payments

Eligibility Criteria

Minimum Entry Age

Answer

15 years

Maximum Entry Age

Answer
  • For Policy term of 9 Years: 45 years
  • For Policy Term of 12 Years: 50 years
  • For Policy term of 15 Years: 55 years 

Minimum Maturity Age

Answer

24 years

Maximum Maturity Age

Answer

70 years

Policy Term (PT)

Answer

9/ 12/ 15 years

Premium Payment Term (PPT)

Answer
  • For policy term of 9 Years: 5 years
  • For policy term of 12 Years: 7 years
  • For policy term of 15 Years: 10 years

Minimum Premium Amount

Answer
  • Yearly: ₹6,000
  • Half-yearly: ₹3,071
  • Quarterly: ₹1,554
  • Monthly: ₹522 

Sum Assured

Answer
  • Minimum: ₹50,000
  • Maximum: No limit 

How people have benefitted from IndiaFirst Life

Hassle-free Onboarding Process

From the onboarding process to the comprehensive medical tests, IndiaFirst Life ensured a hassle-free journey for me. The features of the plan I purchased are as per my expectations, providing me with peace of mind for future.

Mohit Agarwal

(Mumbai, 21st March 2024)

How people have benefitted from IndiaFirst Life

Pleasant Online Buying Experience

Buying IndiaFirst Life's life-insurance policy was a pleasant experience for me. The hassle-free nature of interaction with the company's representative was a boon and so was the inclusion of must-have features in their policy plans.

Satyam Nagwekar

(Mumbai, 22nd March 2024)

How people have benefitted from IndiaFirst Life

Trusted ally in my financial journey

IndiaFirst Life's Radiant Smart Invest Plan has completely won me over! It's like having a trusted ally in my financial journey. With its flexible fund switch options, I've been able to craft my investments just as I envisioned. In just a year, I've seen a remarkable 20% return on my investments! The support from the onboarding team has been absolutely fantastic, making me feel truly cared for and supported.

Paulomi Banerjee

(Kolkata, 21st March 2024)

How can we help?

View All FAQ

What is the IndiaFirst Life Cash Back Plan?

Answer

IndiaFirst Life Cash Back Plan is a non participating, non linked, money back insurance plan. The policy provides periodical payouts and security for your family despite the ups and downs of life. Under this policy, you can choose how much you would like to insure yourself based on your requirements. We suggest you make sure this amount is what your family needs to avoid cash flow problems in case of the Life Assured's untimely demise.

What is the term of the policy?

Answer

This is a limited premium policy with the option of choosing a policy term of 9/ 12/ 15 years.

What is the premium paying term available under the policy?

 

Policy TermPremium Payment Term
9 years5 years
12 years7 years
15 years10 years

What are the premium paying modes available under the policy?

Answer

The life assured has the option to pay monthly/ quarterly/ six monthly or yearly.

Who are the people involved in the policy?

Answer

This policy may include the 'Life Assured', the 'Policyholder', the 'Nominee' and the 'Appointee'.

Who is a Life Assured'? 

Life assured is the person, on whose life the policy depends. Risk Cover starts immediately on the Policy start date. On the Life Assured's death, the benefit is paid out and the policy ends. Any person can be the life assured, as long as – 

 

Policy TermMinimum Age at Entry attainedMaximum Age at Entry attained
9 Years15 Years45 Years
12 Years15 Years50 Years
15 Years15 Years55 Years


 

Maximum Maturity age70 years as on the last birthday


Who is a policyholder?

A policyholder is the person who holds the policy. The policyholder may or may not be the Life Assured. You must be at least 18 years as on your last birthday at the time of applying for the policy, to be a policyholder.

Who is a nominee(s)?

A nominee(s) is the person who receives the death benefit in case of the untimely event of the Life Assured’s demise. The nominee(s) is appointed by the life assured. The nominee(s) can even be a minor (i.e. below 18 years of age). Nomination should be in accordance with provisions of Sec 39 of the Insurance Act 1938 as amended from time to time.

Who is the appointee?

An appointee is the person whom life assured may nominate. In case nominee(s) is a minor, the appointee receives the policy money on behalf of the nominee(s), on the life assured’s untimely demise.

What is the date from which the Risk Cover start?

Answer

The Risk commencement date is the date from which the insurance coverage starts under this Policy. The Risk Commencement date is the same as the date of issuance of the policy or the policy start date.

How much can you at least invest?

Answer
Premium Paying ModeMinimum Premium
MonthlyRs 522
QuarterlyRs 1554
Half YearlyRs 3071
YearlyRs 6000


The following premium frequency factors for monthly, quarterly and six-monthly policies will apply on the yearly premium to pay the premium for the below frequency.

Premium FrequencyFactor to be applied to Yearly Premium
Monthly0.0870
Quarterly
0.2590
Half Yearly
0.5119


 

What is the sum assured under this policy?

Answer

In the IndiaFirst Life Cash Back Plan, you can choose the sum assured between ₹50,000 and no official maximum limit, subject to underwriting. When you pass away, your loved ones will receive the following benefits:

  • Death benefit: the sum of Sum Assured on death and guaranteed addition till date of death where Sum Assured on death is defined as: Higher of Guaranteed sum assured at maturity along with guaranteed additions accumulated till date of death or 10 times the Annualized Premium, excluding modal factor, extra premium / rider premium, if any. This is subject to a minimum of 105% of total premiums paid, excluding applicable taxes and extra premium/ Rider premium, if any, under the policy.
  • Rate of Guaranteed Additions: Depends on your policy term:
    • 9 years: 5% of annualised premium
    • 12 years: 6% annualised premium
    • 15 years: 7% annualised premium
       

This means the longer you're covered money back life insurance policy, the bigger the potential payout your loved ones receive. 

Does the policy offer a high sum assured rebate/ discount?

Answer

Yes, the policy offers a high sum assured rebate as mentioned below - 

 

Sum Assured BandDiscount in premium per thousand Sum Assured on maturity (in Rs) 
Rs 50 thousand to less than Rs 1 lakhNil
Rs 1 lakh to less than Rs 2 lakhs6
Rs 2 lakhs to less than Rs 5 lakhs 9
Rs 5 lakhs and above10

What happens in case of the life assureds demise?

Answer

In case of life assured’s unfortunate demise, we will pay the death benefit to the nominee(s)/ appointee/ legal heir/ assignee / person as directed by a court of competent jurisdiction. The death benefit payable will be the sum of Sum Assured on death and guaranteed addition, till date of death where Sum Assured on death is defined as: 

Higher of 10 times of annualized premium or 105% of all premiums paid, excluding applicable taxes and extra premium / rider premium, if any, as on date of death or guaranteed sum assured on maturity. Annualized premium is the annual premium excluding modal factor, extra premium and rider premium, if any.

In the life assured’s unfortunate demise, after the payment of death benefit, the policy gets terminated and hence no Survival Benefit or Maturity benefit is payable. 

What happens in case of the policyholders demise?

Answer

In case of policyholder’s untimely demise while the life assured is a minor, the surviving parent or legal guardian or anyone with an insurable interest in the minor’s life will be the policyholder.

Under this policy the total benefit payable will always be more than total premiums paid excluding applicable taxes and extra premium if any. The life assured can be the policyholder provided he/ she is 18 years or more at the time of policyholder’s demise.

What do you receive during the policy term?

Answer

The life assured will receive periodical payouts during the policy term. The payout amount will vary depending upon sum assured at maturity opted by the policyholder. The payout frequency and the amount are given below - 

 

Payout Year/Policy Term9 Years12 Years15 Years
320% of Sum Assured on Maturity -  - 
4 - 20% of Sum Assured on Maturity - 
5 -  - 20% of Sum Assured on Maturity
620% of Sum Assured on Maturity -  - 
8 - 20% of Sum Assured on Maturity - 
10 -  - 20% of Sum Assured on Maturity

What do you receive at the end of the policy term?

Answer

The life assured will receive 60% of the sum assured at maturity along with guaranteed additions based on the policy term as maturity benefit. The benefit will be payable at the end of policy term. 

What are the tax benefits under this policy?

Answer

Tax benefits may be available on premiums paid and benefits receivable as per prevailing Income Tax Laws. These are subject to change from time to time as per the Government Tax laws. Please consult your tax consultant before investing.

What are the premium paying modes available under the policy?

Answer

The life assured has the option to pay monthly/ quarterly/ six monthly or yearly.

What if you miss paying your premiums?

Answer

Before Acquiring Paid-up Value

The policy lapses without acquiring any paid-up value, if you stop paying your premium during the first two policy years. We offer a five year revival period during which you can revive your policy. No benefits will be payable during this period.

 

Policy TermNumber of years premium needs to be paid to have paid up value
9/ 12/ 15 years2 Years


After Acquiring Paid-up Value

The policy acquires a guaranteed paid up value, if you stop paying your premiums after two full years, as mentioned in the table above. Survival Benefit and Guaranteed Additions will not be payable once the policy becomes paid up.

 

Paid up value payable on maturityPaid up value payable on death
Sum Assured on Maturity X (No. of Premiums Paid / Total Number of Premiums Payable) + Guaranteed Additions – Survival Benefit paid, if anySum Assured on death X No. of Premiums Paid / Total Number of Premiums Payable) + Guaranteed Additions


What are your options to revive the policy?

You may revive your policy within a specified period by –

i. submitting a written request for revival of the lapsed Policy;
ii. paying all unpaid due Premiums along with interest; and
iii. providing a declaration of good health and undergoing a medical examination at your own cost, if needed. 

You may revive your policy as long as you do it within five years from the due date of the first unpaid premium but before the maturity date. No benefits will be payable during this period other than the paid up value, if any, in the event of death. Upon revival of your policy within the revival period you will be entitled to any survival benefits due after the policy became paid-up.

The revival is subject to satisfactory medical and financial underwriting. If you do not revive your policy by the end of the revival period and if you have paid your regular premiums for less than two years, then the policy does not acquire any paid up value and the policy terminates.

Is there a grace period for missed premiums?

Answer

We provide you with a grace period which is the time provided for payment of premium from the premium due date during which the policy is considered to be in-force with the risk cover. This policy has a grace period of 30 days for yearly, half-yearly and quarterly frequencies and 15 days for monthly frequency from the premium due date. In case of death of the life assured during this period, death benefit after deducting due premiums till date of occurrence of death, will be paid to the nominee(s)/appointee/ legal heir.

During this period the policy will be considered to be in-force. 

Can I surrender your policy?

Answer
  • Yes. While we do not encourage you to surrender your policy, you may choose to surrender the same for immediate cash requirement in case of an emergency. 
  • Policy will acquire early termination value after completion of one policy year provided at least one full year's premium is paid and lapsed before acquiring any paid-up value.
  • The policy can be surrendered for an immediate cash any time after acquiring the paid-up value.


Early Termination Value:

  • Early termination value will be paid when the policy is terminated by the policyholder or on the completion of revival period or on death whichever is earlier.
  • Early termination value will be sum of total premiums paid multiplied by early termination factor applicable for total premium paid plus total guaranteed addition, if any multiplied by early termination factor applicable for total guaranteed addition.
  • The early termination factors are given in the Annexure 1.

 

Surrender Value:

 

  • The product pays a surrender value, if the policy holder surrenders the policy any time during the policy term after payment of 2 full years’ premium. The amount payable on surrender will be higher than the Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV).
  • The GSV is GSV factor for total premium multiplied by total premium paid excluding applicable taxes and extra premium/ Rider premium, if any, plus GSV factor applicable for total guaranteed addition, less any survival benefits, if any, already paid till date of surrender. The GSV factors are mentioned in Annexure 1.
  • The SSV is (Proportionate Sum Assured on maturity plus guaranteed additions, till date of surrender X SSV factor at the time of surrender ) less sum of all survival benefits, if any, already paid.
  • The SSV factor will be determined by us from time to time.

Can I cancel my policy?

Answer

You can return your policy within the Free Look period;

In case you do not agree to the any policy terms and conditions, you have the option to review the terms and conditions of the policy and if you disagree to any of those terms or conditions, you have the option of returning the policy to us stating the reasons thereof, within 15 days from the date of receipt of the policy. The free-look period for policies purchased through distance marketing or electronic mode will be 30 days. 

Do you get any refund when you cancel your policy?

Yes. We will refund an amount equal to the – Premium paid 

Less: i. Pro-rata risk premium and rider premium, if any for the time the policy was in force
Less ii. Any stamp duty paid Less iii. Expenses incurred on medical examination, if any

Distance Marketing includes every activity of solicitation (including lead generation) and sale of insurance products through voice mode, SM electronic mode, physical mode (like postal mail) or any other means of communication other than in person.

Can I avail of a loan under this policy?

Answer

Loan facility is not provided under this policy.

What happens in case the life assured commits suicide

Answer

If the life assured commits suicide within 12 months from the date of risk commencement, we will pay 80% of the total premium paid to the nominee(s)/ appointee/ legal heir. This is irrespective of whether the life assured, was sane or insane at the time death.

If the life assured commits suicide within 12 months from the date of revival/ re-instatement, the benefit payable will be equal to the higher of surrender value or 80% of total premium paid.

Plans that may interest you!

Indiafirst Life Guaranteed Single Premium Plan

Product Image

 

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 Guarantee of Life Dreams Plan

Product Image

 

Product Name
IndiaFirst Life Guarantee of Life Dreams Plan
Dropdown Field
Guaranteed Returns
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 Fortune Plus Plan

Product Image

 

Product Name
IndiaFirst Life Fortune Plus Plan
Dropdown Field
Savings
Product Description

Start a personalized journey with this guaranteed savings life insurance plan that provides flexible premiums, guaranteed survival benefits, and cash bonuses (if declared) along with life insurance cover during the entire policy term of 15 or 20 years.

Product Benefits
  • Shorter pay commitment of 6,7,8,9 or 10 years.
  • Get Guaranteed survival benefit.
  • Accumulate benefits with interest.
  • Sum Assured, bonuses*, and interests at maturity.
  • Policy remains effective in your absence (WOP).
Porduct Detail Page URL

Get Quote

Product Buy Now URL and CTA Text

Learn More

Why IndiaFirst life

1.6 Crore

Lives secured since Inception

list

Available in 16,500+

BOB & UBI Branches

list

27,073 Crore

AUM as of Feb'2024

list

1 Day

Claim settlement assurance

list

Disclaimer


#Benefits are guaranteed when all due premiums are paid.

*Tax benefits may be available on premiums paid and benefits receivable as per prevailing Income Tax Laws. These are subject to change from time to time as per the Government Tax laws. Please consult your tax consultant before buying this policy.

1800 209 8700

Customer Care Number

whatsapp

8828840199

For online policy purchase

call

+91 22 6274 9898

Chat with us on WhatsApp

mail