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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.

male male


male male


male male


Key Features of IndiaFirst Life Insurance Khata Plan

Effortless Purchase

Easy, quick, and user-friendly process for acquiring insurance policies without hassle. 


Family Financial Shield

Secure the future of your loved ones with robust policies for financial security. 


Assured Maturity Benefits

Get guaranteed returns at policy maturity for stable future investments.


Enhanced Protection

Increase coverage over time with additional premiums for evolving needs.


Renewed Policy with each payment

Updated coverage with every premium instalment for continuous protection. 


Flexible Coverage Choices

Pay the single premium once or multiple times to increase your cover as per your capacity


How to Buy IndiaFirst Life Insurance Khata Plan?

Step 1

Fill Out Your Information

Enter your name, age, and contact details in the provided form.


Step 2

Choose Premium Amount

Choose the premium amount as per your requirement and get the sum assured details.


Step 3

Review Quote and Premium

Check the provided quote for the selected sum assured.


Step 4

Expert Assistance

If you have questions or need assistance, contact our experts. They will guide you to make informed decisions.


Visualise your Plan


37 years

Mahesh aged 37 can pay as and when he has surplus income thus increase his insurance cover


He plans to

Get insured so that he will receive a guaranteed assured benefit on maturity based on the date of premium payment


Benefits of Mahesh's Plan

He can continue purchasing new policies till he is 45 years old and enjoy the benefits upto 50 years of age. This way, even in his old age his family is secured from any unforeseen events.


Death Benefits

In case, an unfortunate event occurs on 7th March, 2026, Mahesh’s loved ones are safeguarded with the Total Sum Assured of Rs. 1,54,000. Alternatively, he and his family will benefit from guaranteed assured benefit on maturity in the year 2028, 2029, 2030 and 2031


Eligibility Criteria

Age at Entry


Minimum Entry Age

  • 18 years 

Maximum Entry Age

  • 5 years Policy Term : 45 years
  • 7 years Policy Term : 43 years
  • 10 years Policy Term : 40 years

Maximum Age at Maturity


Maximum Age at Maturity: 50 years

Premium Payment Term (PPT)


Single Pay

Policy Term (PT)


5/ 7/ 10 years

Minimum Premium Amount


5 years PT : ₹200

7 years PT : ₹143

10 years PT : ₹100

Maximum Premium Amount


5 years PT : ₹40,000

7 years PT : ₹28,570

10 years PT : ₹20,000

Sum Assured


₹1,000 - ₹2,00,000

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 “INSURANCE KHATA” Plan (Micro-Insurance Product)?


IndiaFirst Life “INSURANCE KHATA” Plan (Micro- Insurance Product) is a non-linked, non-participating, micro-life insurance, endowment plan. The policy is designed to offer financial protection in the form of a life cover for the family along with an assured benefit on maturity in case the life assured survives till the end of the policy term.

This policy works on assured benefits and hence, you know your benefits even before you buy the policy. Affordable protection is definitely an added advantage. Individuals aged between 18 to 45 years, looking for readymade, easy-to-buy covers; can purchase this policy. 

What are the tax benefits in this policy?


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 purchase of the policy.

Can you surrender your policy?


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.

You can surrender the policy any time during the policy term after payment of premium. The policy pays a surrender value, if the policy holder surrenders the policy any time during the policy term after acquiring paid up value. The policy will acquire paid-up value immediately after issuance.

The amount payable on surrender will be higher of Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV). The GSV factors are dependent upon policy year of surrender and policy term. The GSV factors will be applicable on total premium paid excluding applicable tax, if any, extra premium and rider premium, if any. (Refer Annexure I for the GSV factor table). The SSV will be SSV factor multiplied by the paid-up value. The GSV factors can be referred to on our website The SSV factors will be determined from time to time by the company subject to IRDAI approval.

Can you avail of a loan under the policy?


No, the policy does not have a loan facility.

What are the basic eligibility criteria in this policy (Plan at a Glance)

Age at EntryMinimum18 years for all policy terms 
Maximum45 years for policy term 5 years 
43 years for policy term 7 years
40 years for policy term of 10 years
Maximum Age at Maturity50 years
Premium Payment TermSingle Pay 
Policy Term5 / 7 / 10 years
PremiumMinimumRs. 200 for 5 year policy term
Rs. 143 for 7 year policy term
Rs. 100 for 10 year policy term
MaximumRs. 40,000 for 5 year policy term 
Rs. 28,570 for 7 year policy term
Rs. 20,000 for 10 year policy term
Sum Assured on DeathMinimum – Rs. 1000
Maximum – Rs. 2,00,000

What do you receive at the end of the policy term (maturity benefit)?


In case of survival of the life assured till the end of the policy term, the policyholder stands to receive Guaranteed assured benefit on maturity, which is X% of Single Premium paid, excluding applicable tax; if any and extra premium if any, at maturity Where X% is defined in the table below.

Guaranteed Sum Assured on Maturity as a % of Single Premium

Age/Policy TermX% 

What happens in case the life assured commits suicide (Suicide Exclusion)?


In case of death due to suicide within 12 months from the date of commencement of risk under the policy, the nominee or beneficiary of the policyholder shall be entitled to 80% of the total premiums paid(which is Single premium excluding applicable taxes and extra premium, if any) till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force.

What happens in case of life assured’s demise(death benefit)?


A lump sum amount will be paid to the nominee/ appointee / legal heir in the untimely event of the Life Assured’s demise as per the following table.

Death Benefit
Higher of 125% of the single premium or minimum guaranteed assured benefit on maturity or absolute amount assured to be paid on death.

The minimum guaranteed assured benefit on maturity is as defined in question 4 below.

The absolute amount assured to be paid on death is the Sum Assured on death and will be determined on the basis of following table:

Policy TermAge at Entry (Years)Death Benefit
518 to 455*SP
718 to 437*SP
1018 to 4010*SP

SP = Single Premium

Can you return your policy (Free Look Cancellation)?


You can return this Policy if you disagree with any of the terms and conditions of this Policy within the first 15 (Fifteen) days of receipt of your Policy document. In case you have bought this policy through distance marketing mode, you may return the Policy within 30 (Thirty) days from the date of receipt of your Policy document. You are required to send us a written request stating the reasons for returning the policy, post which we will refund your Premium within 15 days of receipt of the request after deducting the pro rata risk Premium and stamp duty.

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Why IndiaFirst life

1.6 Crore

Lives secured since Inception


Available in 16,500+

BOB & UBI Branches


27,073 Crore

AUM as of Feb'2024


1 Day

Claim settlement assurance


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+91 22 6274 9898

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