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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.

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Explore Our Term Insurance Plans 

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IndiaFirst Life Elite Term Plan

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IndiaFirst Life Elite Term Plan
Product Description

With IndiaFirst Life Elite Term Plan, you not only fulfil your commitment, but also ensure that money is the last thing your family have to worry about. IndiaFirst Life Elite Term Plan is a pure protection plan that ticks everything off your checklist.

Product Benefits
  • High cover at affordable cost
  • Lifetime protection till age 99 years
  • 10% discount on 1st Premium on online buy
  • Tax benefits as per applicable tax laws
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IndiaFirst Life Plan

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IndiaFirst Life Plan
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Protect your family's future with IndiaFirst Life Plan – a plan that caters to your family's protection requirements and offers great benefits to keep your loved ones secure.

Product Benefits
  • Flexible Policy Term Options
  • Guaranteed Death Benefits
  • Choice to Customise Life Coverage
  • Tax Benefits
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IndiaFirst Life Guaranteed Protection Plus Plan

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IndiaFirst Life Guaranteed Protection Plus Plan
Product Description

Need a protection plan? Look no further! This plan aims to give you and your family financial security in an easy way.

Product Benefits
  • Option to Get Your Money Back (ROP)
  • Multiple Life Options 
  • Flexible Premium Terms  
  • Insure your spouse under the same policy.
  • Cover till 99 years of age 
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What are the Benefits of Term Insurance?

Family First

Ensure a bright future for your loved ones with Term Life Insurance policy cover, offering flexible coverage options.

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Asset Protection

Safeguard loans, easing burdens on family members and securing their financial well-being.

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Lifestyle Protection

Get a consistent monthly income for your family's financial security with our Term Plan Life Insurance, ensuring stability in times of need.

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Certainty in Life

Secure your child's education, marriage, and retirement with a security that never lets you down.

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COVID-19 Coverage

Term Insurance shields you against various certainties, including critical illnesses and COVID-19.

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Critical Illness Coverage

Shield yourself from life's critical illnesses with our comprehensive coverage options.

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Understanding Term Insurance: How It Works?

  • Offers insurance protection for a specified duration. 
  • Guarantees death benefits to beneficiaries upon the policyholder's demise.
  • Safeguards your family’s future in case of untimely death. 
  • Provides comprehensive coverage at affordable premiums.
  • Essential, especially during times like the COVID-19 pandemic.
  • Governed and overseen by the IRDAI for guaranteed payouts.
  • Nominees receive payment in a lump sum or instalments upon the policyholder's demise.
  • Choose additional benefits to suit your needs.
  • Option to include disability, critical illness or accidental death coverage.
  • Nominal cost options for financial security.
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How to Purchase Term Insurance?

Step 1

Determine Coverage Need

Use our calculator to find the right coverage as per your evolving lifestyle and family needs.

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Step 2

Consider Life-Stage

Tailor your plan based on your life stage, family dependents, income, and habits.

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Step 3

Understand Term Plan Benefits

Review policy features and explore rider options for comprehensive coverage.

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Step 4

Get a Quote

Quickly get a premium quote by selecting sum assured and coverage years.

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Step 5

Pay Premium to Activate Cover

Finalize your plan, complete details, pay online, and submit documents for instant activation.

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Why Choose IndiaFirst Life?

Ensuring your family's financial security is paramount, and IndiaFirst Term Life Insurance Plans are designed with this priority in mind. Here's why opting for our term insurance is the right choice:

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Trusted by 1.6 Crore Customers for their life insurance policy

Promoted by Bank of Baroda

High Claim Settlement Ratio of 98.04%

Seamless Online and Offline Experience

100% Genuine Claims are Settled in 1 day.

Know the Features of Term Insurance

When considering Term Insurance, the first crucial step is to calculate the coverage you need and avoid the pitfall of under-insuring. As life evolves and requirements change, it's essential to safeguard your family adequately. Utilize our Term Plan Calculator to determine the optimal coverage and prioritize your loved ones' financial well-being with the right amount of protection.

Affordable Life Cover

Secure financial protection for yourself and your family at a reasonable cost.

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Tailored Safety

Customize your policy to match your safety needs with a choice of 3 coverage options.

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Flexible Payouts

Nominee receives the death benefit as a lump sum or monthly income based on your selected coverage option.

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Lifetime Coverage

Enjoy coverage for your entire life, with the option to pay premiums for a short duration.

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Sum Assured Enhancement

Easily increase your sum assured during significant life stages, such as Marriage, Home Loan, or childbirth, without additional underwriting.

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Return of Premiums

Get your premiums back through the Return of Premiums Option.

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Smart Life Option

Reduce your sum assured by 50% after reaching a certain age at the end of the policy term.

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Spousal Coverage

Extend coverage to your spouse under a single policy for added peace of mind.

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Explore Our Most Loved Insurance Plans for a Secure Future

IndiaFirst Life Guaranteed Protection Plus Plan

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Product Name
IndiaFirst Life Guaranteed Protection Plus Plan
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Tax Saving
Product Description

Need a protection plan? Look no further! This plan aims to give you and your family financial security in an easy way.

Product Benefits
  • Option to Get Your Money Back (ROP)
  • Multiple Life Options 
  • Flexible Premium Terms  
  • Insure your spouse under the same policy.
  • Cover till 99 years of age 
Porduct Detail Page URL

Get Quote

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IndiaFirst Life Elite Term Plan

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IndiaFirst Life Elite Term Plan
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Tax Saving
Product Description

With IndiaFirst Life Elite Term Plan, you not only fulfil your commitment, but also ensure that money is the last thing your family have to worry about. IndiaFirst Life Elite Term Plan is a pure protection plan that ticks everything off your checklist.

Product Benefits
  • High cover at affordable cost
  • Lifetime protection till age 99 years
  • 10% discount on 1st Premium on online buy
  • Tax benefits as per applicable tax laws
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IndiaFirst Life Radiance Smart Invest Plan

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IndiaFirst Life Radiance Smart Invest Plan
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Investment
Product Description

Have you heard of a plan that not only gives you a life cover but also helps in wealth creation? Enjoy 2 benefits in 1 plan with IndiaFirst Life Radiance Smart Invest Plan.

Product Benefits
  • Zero Fund allocation charges
  • 10 different funds to choose from
  • 3 Plan Options 
  • 100% money invested for higher returns
  • Life Cover
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IndiaFirst Life Guaranteed Pension Plan

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IndiaFirst Life Guaranteed Pension Plan
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Retirement
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Make your golden years truly golden! Invest in the Guaranteed Pension Plan that is designed to guarantee an income for as long as you live.

Product Benefits
  • Receive regular income after retirement
  • Choose from 5 different annuities. 
  • Return of purchase price 
  • Cover against critical illnesses

 

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Is buying Term Plan Life Insurance smart?

Answer

Absolutely. A ₹1 crore term insurance policy provides financial security for your family in case of your untimely demise. It enables them to maintain their lifestyle and pursue aspirations

Is it okay to have two term insurance policies?

Answer

Yes, having multiple policies is fine, but you must disclose existing details which might affect new term cover eligibility. 

What documents do I need to buy a term plan?

Answer

Typically, you may need proof of identity, address and income, along with potential medical records. This may vary based on the chosen plan and insurer.

What is the right age to buy term insurance in India?

Answer

Start as early as 18 years. If you have dependents and a steady income, consider it immediately. Premiums increase with age.

What should be the tenure of my term plan policy?

Answer

Opt for the maximum term available. This will secure the financial well-being of your loved ones for an extended period. 

Who needs a term cover?

Answer
  • Newly-Married Couples: Gift peace of mind and financial security to your spouse through a term insurance policy, providing immediate funds in case of the primary breadwinner's loss. 
  • Parents: Safeguard your children's future by ensuring financial support, covering their evolving needs from diapers to university expenses, even if you're not around. 
  • Singles/Young Professionals: Secure yourself against critical illnesses and benefit from lower premiums by getting a term plan early in life. 
  • Working Women: Take care of your family's financial health and address critical illnesses with a term insurance plan, extending coverage to parents as well. 
  • Retired People: Provide tax-free inheritance for your dependents with term insurance pay-outs, ensuring financial stability in retirement. 
  • Tax Payers: Cleverly invest in term insurance to reduce tax burden by claiming premium deductions under Section 80C.

How much does a term plan cost?

Answer

Costs depend on factors like age, health and coverage. For instance, a ₹1 crore term plan for 40 years may cost ₹8,260 annually for a 30-year-old person who doesn't smoke.

Will my premium change during the policy tenure?

Answer

No, your premium remains constant throughout the policy tenure, except for changes in service tax regulations. 

Will I get a maturity benefit if I survive the term?

Answer

No, term plans focus on providing a lump sum to beneficiaries in case of demise. Some variants may offer a return of basic premiums paid. 

How much term insurance do I need?

Answer

Experts recommend 10-20 times your yearly income as the amount for term insurance. Consider opting for additional covers for liabilities like loans for maximum financial security.

How much life cover should I buy?

Answer

Ensure enough coverage to settle debts, replace income, and meet future obligations like education and healthcare. Consider adding your annual income for inflation protection.

Do term insurance plans offer tax benefits?

Answer

Yes, you can enjoy tax deductions under Section 80C for premiums and Section 10(10D) for tax-free lump sum payouts.

Can I increase my term plan sum assured?

Answer

Yes, you can increase your Sum Assured under IndiaFirst Life Guaranteed Protection Plus policy. The option is available exclusively under the Life Option. You can initiate the increase without any medical underwriting on specified events during the life of the Life Assured. The total increase is subject to an overall limit of 100% of the initial Sum Assured. To exercise this option, it must be done within six months from the date of the specified events. The increased Sum Assured becomes effective from the annual policy anniversary following the notification date, and an additional premium will be charged based on the policyholder's attained age at the option exercise date.

Is death by natural causes covered in a term policy?

Answer

Yes, term plans cover both natural and accidental death. Specific conditions might apply as exceptions, such as suicide and non-disclosure of truthful facts. 

As an occasional smoker, do I declare myself as a tobacco user?

Answer

Yes, you need to declare tobacco use. Full disclosure is crucial for determining the right premium and preventing claim settlement issues later.

Wondering if You Qualify?

Understanding Term Insurance Eligibility Criteria

Explore our Term Insurance eligibility criteria to secure your family's future. This section covers essential aspects, including term insurance age limits and term plan age limits.

Age Requirements (Term Plan Age Limit):

  • Minimum age for application: 18 years
  • Maximum age for application: 60 years
  • Maximum age at the end of the plan: 99 years

Sum Assured Limits:

  • Minimum Sum Assured: ₹1,00,000
  • Maximum Sum Assured: ₹ 5,00,00,000

Policy Term Options:

  • Policy terms typically range from 5 to 81 years, aligning with individual needs. 

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