IndiaFirst Life Growth of Life Dreams Plus Plan

A Non-Linked, Participating, Individual Life Insurance Savings plan which provide Cash Bonus along with Guaranteed Income up to 100 years for wealth creation and secure family future.

Flexibility to take Immediate Income as early as 1st Policy Month or Defer it for 10 years
Goal Protection Benefit (GPB) in which Policy Benefit continue for the nominee on the Life Assured’s death
Flexibility to take Long Term income or whole life
Flexibility to choose Life cover option up to 11x

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Overview
Key Features
How to Buy
Eligibility Criteria
FAQ

Key Features of IndiaFirst Life Growth of Life Dreams Plus Plan

Choice of 2 Plan Options – Immediate Income and Deferred Income

Start receiving income from as early as the end of the 1st policy month or defer your income depending on your needs.

Guaranteed Long Term Income

The Growth of Life Dreams Plus Plan provides financial security for your loved ones. Comprehensive life cover and income is available for up to 100 years.

Life Insurance Cover

Secure your family’s future with a life cover throughout the policy term.

Earn Bonuses every year

The Growth of Life Dreams Plus Plan enables you to participate in company profits through cash bonus and terminal bonus, if declared.

Goal Protection Benefit (GPB)

On death of the Life assured, due premium will be waived off, if any + Death Benefit will be paid immediately to the nominee + Policy benefits will continue to nominee as it is.

‘Save the Date’ feature

Choose to receive your annual income on a specific date that is special to you or your loved ones.

Special Discount for Women

Female lives are eligible to receive a discount on first year premium.

Tax benefits

Available on the premiums paid and benefits received as per prevailing tax laws.

How to buy IndiaFirst Life Growth of Life Dreams Plus Plan?

Step 1

Enter Details

To buy IndiaFirst Life Growth of Life Dreams Plus Plan, first fill in basic information like name, mobile number, and the person you’re buying the plan for.

Step 2

Choose Income Option

Pick from Immediate or Deferred Income options based on your financial needs.

Step 3

Decide Premium

Select a premium amount and payment frequency that suits your budget and goals.

Step 4

Review Quote

Check the provided quote carefully to ensure it aligns with your requirements.

Step 5

Make Payment

Use any online payment method to complete your purchase, and your policy will be issued.

Use our Compound Interest Calculator to simplify the process of estimating future growth via inputs such as the initial amount, interest rate, compounding frequency, and period.

Calculate Now

Eligibility Criteria

Age at Entry

Age at Maturity

Premium Payment Terms (PPT, in years)

Policy Term

Premium Payment Frequency and Minimum Premium (₹)

Sum Assured (in ₹)

Death Benefit

Age at Entry

Question: Age at Entry
Sequence: 1
Answer: Minimum: 90 days (for limited terms) / 18 years (for whole life)
Maximum: 55 years (without GPB) / 50 years (with GPB)
Tags

Age at Maturity

Question: Age at Maturity
Sequence: 1
Answer: Minimum: 20 years
Maximum: 100 years (without GPB) / 90 years (with GPB)
Tags

Premium Payment Terms (PPT, in years)

Question

Premium Payment Terms (PPT, in years)

Sequence

Answer

Single Pay or Limited Pay of 6 / 8 / 10 / 12 years

Note: Goal Protection Benefit (GPB) is not available with Single Pay

Policy Term

Question: Policy Term
Sequence: 1
Answer: 20 / 30 / 40 years or Whole Life till age 100 (depending on option)
Tags

Premium Payment Frequency and Minimum Premium (₹)

Question: Premium Payment Frequency and Minimum Premium (₹)
Sequence: 1
Answer: Single Pay: ₹5,00,000

Yearly: ₹48,000

Half-Yearly: ₹24,500

Quarterly: ₹12,500

Monthly: ₹4,500
Tags

Sum Assured (in ₹)

Question: Sum Assured (in ₹)
Sequence: 1
Answer: No fixed upper limit. Based on chosen death benefit multiple and underwriting policy
Tags

Death Benefit

Question: Death Benefit
Sequence: 1
Answer: Death Benefit Option Age at Entry Single Pay Limited Pay*
With GPB

Age 50 years and above only

-

5x

Less than age 50 years

-

7x

Without GPB

Age 50 years and above only

1.1x

5x/11x

Less than age 50 years

1.25x

7x/11x

*Death Benefit multiples are multiples of Annualized Premium
Tags

IndiaFirst Life Growth of Life Dreams Plus Plan FAQs

View All FAQ

General

What options are available under this plan?

Answer: IndiaFirst Life Growth of Life Dreams Plus Plan offers two plan options. You can choose the Immediate Income option or the Deferred Income option at the start of the policy. Under the Immediate Income option, survival benefits start from Policy Year 1. Under the Deferred Income option, survival benefits start from Policy Year 10. You also have the option to choose Goal Protection Benefit (GPB) for additional protection.

How will the survival benefit be paid?

Answer

Survival Benefit is paid till the end of the Policy Term as per the income payment frequency chosen by the policyholder. It has two components, Guaranteed Income and Cash Bonus, if any. Guaranteed Income is payable throughout the Policy Term as per the policy conditions. Cash Bonus, if declared, is paid along with Guaranteed Income and depends on the company’s future performance.

The benefits are paid in arrears, at the end of the selected frequency. Under the Immediate Income option, the first payout is made at the end of the 12th month for yearly mode, 6th month for half-yearly mode, 3rd month for quarterly mode, and 1st month for monthly mode. Under the Deferred Income option, the first payout is made at the end of the 120th month for yearly mode, 114th month for half-yearly mode, 111th month for quarterly mode, and 109th month for monthly mode.

What are the death benefit multiples available?

Answer

The death benefit multiple depends on the age at entry, premium payment option, and whether Goal Protection Benefit is selected. With GPB, Limited Pay offers a death benefit multiple of 5x for age 50 years and above, and 7x for age below 50 years. GPB is not available with Single Pay.

Without GPB, Single Pay offers a death benefit multiple of 1.1x for age 50 years and above, and 1.25x for age below 50 years. Without GPB, Limited Pay offers 5x or 11x for age 50 years and above, and 7x or 11x for age 50 years and below. The death benefit multiple is used to calculate the Sum Assured on Death by multiplying the Annualized Premium with the chosen multiple.

Are there any riders available with this plan?

Answer: You can avail 3 riders under this plan for more comprehensive coverage –
1. IndiaFirst Life Waiver of Premium Rider (UIN: 143B017V01)
2. IndiaFirst Life Accidental Death Benefit Rider (UIN: 143B019V01)
3. IndiaFirst Life Total and Permanent Disability Rider (UIN: 143B021V01)
Please refer to rider brochure for more details on rider benefits.
Note: If Goal Protection Benefit is opted, only Option 2 of IndiaFirst Life Waiver of Premium Rider can be chosen.

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Customer Care Number

For online policy purchase

+91 22 6274 9898

Chat with us on WhatsApp

Option	Age at Entry	Single Pay	Limited Pay*
With GPB	Age 50 years and above only	-	5x
With GPB	Less than age 50 years	-	7x
Without GPB	Age 50 years and above only	1.1x	5x/11x
Without GPB	Less than age 50 years	1.25x	7x/11x

IndiaFirst Life Growth of Life Dreams Plus Plan

IRDAI Redg. No. 143 CIN U66010MH2008PLC183679 | UIN 143N102V01

Key Features of IndiaFirst Life Growth of Life Dreams Plus Plan

Choice of 2 Plan Options – Immediate Income and Deferred Income

Guaranteed Long Term Income

Life Insurance Cover

Earn Bonuses every year

Goal Protection Benefit (GPB)

‘Save the Date’ feature

Special Discount for Women

Tax benefits

How to buy IndiaFirst Life Growth of Life Dreams Plus Plan?

Enter Details

Choose Income Option

Decide Premium

Review Quote

Make Payment

Eligibility Criteria

Age at Entry

Age at Maturity

Premium Payment Terms (PPT, in years)

Policy Term

Premium Payment Frequency and Minimum Premium (₹)

Sum Assured (in ₹)

Death Benefit

Age at Entry

Age at Maturity

Premium Payment Terms (PPT, in years)

Policy Term

Premium Payment Frequency and Minimum Premium (₹)

Sum Assured (in ₹)

Death Benefit

IndiaFirst Life Growth of Life Dreams Plus Plan FAQs

General

What options are available under this plan?

How will the survival benefit be paid?

What are the death benefit multiples available?

Are there any riders available with this plan?

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Why Choose IndiaFirst Life Insurance Plans?

1.64 Crore

Available in 16,500+

30,968 Crore

1 Day

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Most Searched Terms

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