IndiaFirst Life Little Champ Plan offers you regular guaranteed payouts for financing your child’s dream. Also secure child’s future even in your absence with comprehensive financial protection.
Reasons to buy IndiaFirst Life Little Champ Plan
- Complete financial protection of loved ones with safety of life insurance cover
- Flexibility to choose the type of coverage required – Death with Accidental Death or Accidental Total Permanent Disability (ATPD) or a combination of these benefits.
- Protection of dreams of the loved ones through an in built Waiver of premiums (WOP)
- Get the advantage of choosing the Death benefit as a lump sum pay out or as regular income.
- Choice of policy terms / premium payment terms and payment modes to suit your needs.
- Choose from a range of 8 payout options offering guaranteed payouts from 101% - 125% of Sum Assured, during the policy term depending upon the needs.
- Secured growth of your investments through bonus accumulation.
- Get tax benefits under Sections 80(C) and Section 10(10D) of the Income Tax Act, 1961.
What are the eligibility criteria?
- Minimum age at entry is 21 years and maximum age is 45 years
- Premium Payment Term is 7 to 14 years. Minimum and Maximum Policy Term will depend on the chosen Premium Payment Term
- Minimum Sum Assured for premium payment term 7 to 9 years is Rs. 150,000 and for premium payment term of 10 to 14 years is Rs. 200,000. There is no limit on Maximum Sum Assured subject to underwriting.