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.

Enter Name

Enter Mobile

Enter E-mail

What’s your gender?

Male

Female

Other

Request Type

Select

Request Type

Select

Request Type

Select

IndiaFirst Life Guardian of Life Dreams Term Plan

(A Non-Linked, Non-Participating, Life Individual Pure Risk/Savings Plan)

Protect the dreams and aspirations you've built for your loved ones with IndiaFirst Life Guardian of Life Dreams Term Plan. Designed to provide comprehensive financial protection, this plan offers flexible coverage options, income support for your family, and benefits that help you stay prepared for life's uncertainties.

Offers Life cover for Whole Life or for Limited Term for age 85 years
Choice of Pure Protection or Return of Premium option
Flexible Death Benefit payout as a Lumpsum or Monthly Income or Both
Enjoy a special 16% Level Premium Discount for women
Enjoy Health Management Services worth Up to ₹75,000 p.a.
Extend cover to spouse with Soulmate Benefit

*Available with Life Cover option.

Overview
Key features
How to Buy
Sample Illustrations
Eligibility Criteria
Customer Feedback
FAQ

Key Features

Long-Term Life Protection

Get life cover up to age 100 years under the Life Cover option, helping you protect your family's financial future for the long term.

Women Special Benefits

16% Level Premium Discount for women

Flexible Coverage Options

Choose between Life Cover and Life Cover with Return of Premium, based on your protection and financial goals.

Flexible Death Benefit Payout Options

Your nominee can receive the death benefit as a Lumpsum or Monthly Income for 10 or 20 Years or combination of both, as chosen at policy inception

Soulmate Benefit for Spouse Protection

Enhance your term insurance coverage with the optional Soulmate Benefit, which provides additional protection for your spouse after your demise, subject to policy terms and conditions.

Health Management Services

Support your overall well-being with comprehensive Health Management Services, offering benefits of up to ₹75,000 annually.

Smart Exit Value

Under the Life Cover option, you can avail the Smart Exit Value and receive the total premiums paid back as a lump sum, subject to eligibility conditions.

Tax Benefits

The term insurance premiums paid and benefits received may qualify for tax benefits as per the prevailing tax laws.

How to buy IndiaFirst Life Guardian of Life Dreams Term Plan

Step 1

Enter your details

Fill in your name, mobile number, gender, date of birth, address, and other required information. Ensure all details provided are accurate and complete for a seamless application process.

Step 2

Choose Your Life Cover

Select the life cover amount that best suits your financial responsibilities and protection needs. You can also choose the coverage option that aligns with your long-term goals.

Step 3

Review Your Quote

A personalized premium quote will be generated based on the details provided. Review the premium amount, coverage option, and policy details carefully to ensure all information is correct.

Step 4

Complete Payment

Choose your preferred online payment method to complete the purchase. Once the payment is successful and the application is processed, your policy will be issued as per the applicable terms and conditions.

Explore IndiaFirst Life Super Protection Plan

IndiaFirst Life Super Protection Plan. Get return on premium, flexibility to pay premium, lifetime protection till age 99 years. Get sum assured options

Calculate Now

Visualize your Plan

Aarav

35 Years

Aarav, a 35-year-old IT professional, purchases IndiaFirst Life Guardian of Life Dreams Term Plan with a sum assured of ₹1 crore under the Life Cover option. He chooses a policy term extending to age 80 to help protect his family's financial future.

At Policy Inception

Aarav selects the Lump sum and Level Income death benefit payout option, ensuring that his family receives immediate financial support as well as a steady monthly income in the event of his demise.

During the Policy Term

He continues paying premiums as per the chosen premium payment frequency. Throughout the policy term, he remains covered under the plan and can also avail the plan's health management services, subject to applicable terms and conditions.

At 52 Years

Aarav unfortunately passes away during the policy term. Since the policy is in force, the death benefit becomes payable to his nominee as per the payout option selected at policy inception. His family receives 50% of the applicable death benefit as a lump sum, while the remaining amount is paid as monthly income over the chosen income period.

Eligibility Criteria

Plan Options
Age
Policy Term
Premium Paying Term
Sum Assured

Option 1

Answer: Life Cover

Option 2

Answer: Life Cover with Return of Premium

Age at Entry

Answer: Minimum: 18 years

Maximum:

Coverage Option Maximum Entry Age
Single Premium

Limited Premium

Regular Premium

Option 1: Life Cover*

65 years

65 years

65 years

Option 2: Life with Return of Premium Option

PPT 5: 50 years

PPT 10, 15, 20: 65 years

50 years

*In case of Soulmate Benefit, the maximum age at entry shall be 55 years.

Age at Maturity

Answer

Minimum:

Coverage Option

Minimum Maturity Age

Single Premium

Limited Premium

Regular Premium

Option 1: Life Cover

23 years

PPT 5: 28 years

PPT 10: 33 years
PPT 15: 38 years

PPT 20: 43 years

23 years

Option 2: Life Cover with Return of Premium

33 years

Maximum:

Coverage Option	Maximum Maturity Age
Coverage Option	Single Premium	Limited Premium	Regular Premium
Option 1: Life Cover*	85 years	100 Years	100 Years
Option 2: Life Cover with Return of Premium	85 years	85 years	85 years

*In case of Soulmate Benefit, coverage to Spouse will be offered for [60- Spouse Age at Entry] years or the Policy Term, whichever is lower.

In case of Soulmate Benefit the maximum maturity age shall be 85 Years

Policy Term

Answer: Minimum:

Coverage Option Minimum Policy Term
Single Premium

Limited Premium

Regular Premium

Option 1: Life Cover

5 years

PPT 5: 10 years

PPT 10: 15 years
PPT 15: 20 years

PPT 20: 25 years

5 years

Option 2: Life Cover with Return of Premium

15 years

15 years

Maximum:

Coverage Option Maximum Policy Term
Single Premium

Limited Premium

Regular Premium

Option 1: Life Cover

67 years

82 Years

82 Years

Option 2: Life Cover with Return of Premium

67 years

67 years

Premium Paying Term

Answer

Minimum

Coverage Option	Minimum Premium Payment Term
Coverage Option	Single Premium	Limited Premium	Regular Premium
Option 1: Life Cover	One-time payment	5 years	5 years
Option 2: Life Cover with Return of Premium	One-time payment	5 years	15 years

Maximum:

Coverage Option	Maximum Premium Payment Term
Coverage Option	Single Premium	Limited Premium	Regular Premium
Option 1: Life Cover	One-time payment	20 years	82 Years
Option 2: Life Cover with Return of Premium	One-time payment	20 years	67 years

Note: For Limited Premium, allowable Premium Paying Terms (PPTs) are 5 years, 10 years, 15 years and 20 years only.

Premium Mode

Answer: Monthly / Quarterly/ Half Yearly / Yearly/Single Pay

Minimum Sum Assured

Question: Minimum Sum Assured
Sequence: 1
Answer: ₹1 Crore
Tags

Maximum Sum Assured

Question

Maximum Sum Assured

Sequence

Answer

No limit, subject to Board Approved Underwriting Policy (BAUP)

However, in case of Soulmate Benefit, the Sum Assured for Primary Life Assured is limited to Rs. 4,00,00,000

How can we help?

View All FAQ

General
Policy Types
Premiums and Payments
Claim & Beneficiary

What plan options are available under IndiaFirst Life Guardian of Life Dreams Term Plan?

Answer: Option 1: Life Cover

Option 2: Life Cover with Return of Premium

What are the premium payment modes available under this plan?

Answer: Monthly / Quarterly / Half Yearly / Yearly / Single Pay.

What is the minimum and maximum entry age under the plan?

Answer

Minimum Entry Age (last birthday): 18 Years as on the last birthday.

Maximum Entry Age varies by Coverage Option and Premium Payment Term.

What is Smart Exit Value?

Answer: Under this option, the life assured can exit his/her policy with a Smart Exit Value, where the life assured shall be returned the total premiums paid as a lump sum benefit. No additional premium is payable to avail this option. Only available with Life Cover option.

What is the Life Cover option?

Answer: Under this option, the sum assured is payable on the death of the life assured during the policy term, and the policy terminates.

What is the Life Cover with Return of Premium option?

Answer: Under this option, the sum assured is payable on the death of the life assured during the policy term, and the policy terminates. On survival of the life assured till the end of the policy term, 100% of the total premiums paid shall be paid to the life assured.

What are the available death benefit payout options?

Answer: Policyholder will have the option to choose a death benefit payout as follows:

Only as a lump sum
Only monthly income for 10/20 years
Partly as a lump sum and partly as a monthly income for 10/20 years

What is the Soulmate Benefit?

Answer

This additional benefit provides death benefit cover for the spouse of the primary life assured only after the death of the primary life assured.

An additional cover of 25% of the primary life's sum assured will be offered on the death of the spouse, up to a maximum of ₹1 crore.

What premium payment terms are available under the plan?

Answer: For Limited Premium, allowable Premium Paying Terms (PPTs) are 5 years, 10 years, 15 years, and 20 years only.

Is there any discount for choosing the income payout option?

Answer

For the Level Income Option, the following Level discount will be offered on the premium throughout the PPT:

10 years: 10%
20 years: 20%

For the Lumpsum and Level Income Option:

10 years: 5%
20 years: 10%

What is the grace period for premium payment?

Answer

30 days for Limited Premium policies with Yearly, Half-yearly & Quarterly modes and 15 days for the Monthly mode.

The policy will remain in force during this grace period.

Can a lapsed policy be revived?

Answer

Under Limited Pay policies, the revival period is 5 years from the date of the first unpaid premium.

The policyholder may revive the policy by paying all the arrears of premium with interest within 5 years from the due date of the first unpaid premium, subject to the production of satisfactory evidence of health, if required.

What happens on the death of the life assured during the policy term?

Answer: On the death during the policy term when the policy is in force, the death benefit is paid to Nominee, and the policy terminates.

How is the death benefit determined for Limited Pay and Regular Pay policies?

Answer: Death benefit is the higher of:

Sum Assured

10 times of Annualized Premium

105% of Total Premiums Paid (TPP)

How is the death benefit determined for single-premium policies?

Answer: Death benefit is the higher of:

Sum Assured

1.25 times of Single Premium

Can the nominee receive the death benefit as a monthly income?

Answer

On death, the applicable death benefit is paid in arrears as equal monthly instalments throughout the Income Period, as chosen.

The life assured has an option to select either 10 years or 20 years as the income period.

Who can be nominated under the policy?

Answer: Nomination shall be as per Section 39 of the Insurance Act, 1938, as amended from time to time.

Assignment shall be as per Section 38 of the Insurance Act, 1938, as amended from time to time.

Plans that may interest you!

IndiaFirst Life Super Protection Plan

Product Image
Product Name
Dropdown Field: Term Plan
Product Description: Protect your family’s happiness & future with our most flexible term plan. Buy this term life insurance and give your loved ones the financial security they deserve.
Product Benefits: Option to get your money back (Return of Premium- ROP)
Flexibility to pay premiums at your convenience
Lifetime protection till age 99 years
Sum Assured as lumpsum or monthly instalments
Porduct Detail Page URL: Calculate Premium
Product Buy Now URL and CTA Text: Learn More

IndiaFirst Life Plan

Product Image
Product Name
Dropdown Field: Tax Saving
Product Description: A protection plan for your family that helps them stand independently! IndiaFirst Life Plan gives your family a financial cushion to fall back on in your absence.
Product Benefits: Flexibility to choose the duration
Family will receive the payout
Flexibility to choose the assured amount
Porduct Detail Page URL: Calculate Premium
Product Buy Now URL and CTA Text: Learn More