IndiaFirst Group Credit Life Plan

While you help bring dreams to reality. We stand by your side to protect those dreams.

IndiaFirst Group Credit Life Plan is a group protection plan offered to borrowers against any loan. In the event of the member’s/life assured’s demise, the insurance company helps by paying the outstanding loan amount.

Reasons to buy IndiaFirst Group Credit Life Plan

  • Combine insurance with your credit or loan products to enhance the value proposition of your customer
  • Enjoy the flexibility of choosing the coverage and the mode of payment you want to offer to your members
  • All types of loan i.e. home, education, automobile, personal and others may be covered under this plan
  • Avail Tax benefits in Section 80C under Income Tax Act 1961.
  • Death benefits are also tax free under Section 10 (10D) of the Income Tax Act 1961.

What are the eligibility criteria?

  • The minimum age at entry should be 18 years while the maximum age at entry should be 69 years
  • The maximum age at maturity should be 75 years
  • The minimum group size that can be covered is 50. There is no limit on the maximum group size.
  • The minimum sum assured is Rs. 5,000/- and the maximum sum assured is Rs. 50,00,00,000/-

Want more details on how this product may help you

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