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IndiaFirst Life Value Shield Plus

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

Protect your family’s future with affordable life insurance that provides financial security when they need it most. Flexible payment options, and the freedom to enhance protection with optional rider benefits.

Flexible Premium Payments Options
Life cover for Whole of Life
Special discounts for Salaried customer and Female Lives
Enhanced coverage with optional comprehensive riders

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Overview
Key features
Sample Illustrations
Eligibility Criteria
Customer Feedback

Key Features of IndiaFirst Life Value Shield Plus

Offers flexible Premium Payments

Limited Pay and Regular Pay - Choose a premium payment option that suits your budget and convenience, with Regular Pay or Limited Pay, and monthly, quarterly, half-yearly, or yearly payment

Offers Life cover for Whole of Life

Protect your loved ones with life insurance coverage up to age 100, ensuring long-term financial security for your family

Special discounts for Salaried customer and Female Lives

Avail special premium discounts of 15% for salaried customers and 16% level discount for female lives, making life cover more affordable

Enhanced coverage with Comprehensive Riders

Enhance your base life cover by adding optional riders such as the Accidental Death Benefit Rider, Total Permanent Disability Rider, and Waiver of Premium Rider for broader financial protection

See How IndiaFirst Life Value Shield Plus Fits Your Needs

Salaried Individuals

Protect your family's financial future with a high life cover at affordable premiums.
Enjoy exclusive salaried discounts and eligible female discounts to make your protection more affordable.
Choose from Regular Pay or Limited Pay options based on your income and financial goals.
Purchase your policy online through a quick and convenient digital journey.

Self-Employed Professionals

Secure your family's future with a high sum assured that provides financial protection against life's uncertainties.
Choose a premium payment option that aligns with your cash flow and business income.
Enhance your protection with optional riders for broader financial security.
Buy your policy online with a simple application process.

Parents

Create a financial safety net for your loved ones with comprehensive life insurance protection.
Choose a policy term that provides coverage up to 100 years of age for long-term peace of mind.
Strengthen your family's protection by adding optional rider benefits.
Help ensure your family's financial goals remain on track, even in your absence.

Married Individuals

Protect your spouse and family's financial future with a substantial lump sum life cover.
Choose a premium payment option that suits your household budget and long-term financial plans.
Benefit from eligible salaried and female discounts to reduce your premium outgo.
Enhance your policy with optional riders for more comprehensive protection.

Long-Term Financial Planners

Choose a policy term that provides protection up to 100 years of age, depending on your eligibility.
Select from Regular Pay or Limited Pay options to align premium payments with your long-term financial planning.
Strengthen your protection with optional riders based on your evolving needs.
Enjoy tax benefits on premiums paid and benefits received, as per the prevailing tax laws.

How to Buy IndiaFirst Life Value Shield Plus Plan?

Step 1

Enter Your Details

Provide your basic information, such as your name, date of birth, contact details, and lifestyle information to begin your application.

Step 2

Choose Your Coverage

Select the life cover amount, policy term, and premium payment option that best matches your financial goals and protection needs.

Step 3

Personalise Your Plan

Choose your preferred premium payment frequency and enhance your coverage with optional riders, if required. Your premium will be calculated based on the details provided.

Step 4

Review & Complete Your Purchase

Review your policy details, premium quote, and selected benefits before making the payment to complete your purchase online.

Step 5

Make Payment

Complete the payment using your preferred online payment method. Once your application is successfully processed and accepted, your policy will be issued as per the policy terms and conditions.

Visualize Your Plan

Age 30

You decide to protect your family's future by purchasing IndiaFirst Life Value Shield Plus. Based on your financial responsibilities, you choose a ₹1 Crore Sum Assured, select a policy term that matches your long-term goals, and opt for Regular Pay or Limited Pay.

At Policy Inception

Your life cover begins once the policy is issued and all applicable conditions are met. You can strengthen your protection by adding optional riders such as the Accidental Death Benefit Rider, Total Permanent Disability Rider, or Waiver of Premium Rider.

During the Policy Term

You continue paying premiums according to your chosen payment option and frequency. Throughout the policy term, your loved ones remain financially protected while you work towards achieving your personal and financial goals.

At Claim

If the life assured passes away during the policy term while the policy is in force, the nominee receives the applicable lump sum death benefit, calculated according to the policy terms and conditions. This financial support helps your family manage immediate expenses and continue pursuing their long-term goals.

Calculate the Right Life Cover for Your Family

Not sure how much life insurance you need? Use IndiaFirst Life's Term Insurance Calculator to estimate the ideal coverage amount based on your income, expenses, liabilities, and future financial goals.

Calculate Your Life Cover

Eligibility Criteria

Age at Entry

Age at Maturity

Premium Payment Term (PPT)

Policy Term

Premium Payment Frequency

Sum Assured

Minimum

Answer: 18 years (last birthday)

Maximum

Answer: 65 years (last birthday)

Minimum

Answer: Regular Pay: 23 years
Limited Pay: 28 years

Maximum

Answer: 100 years

Premium Payment Term (PPT)

Answer: Choose from the following premium payment options:

Regular Pay

Limited Pay: 5, 10, 15, or 20 years

Minimum

Answer: Regular Pay: 5 years

Limited Pay:

PPT 5: 10 years

PPT 10: 15 years

PPT 15: 20 years

PPT 20: 25 years

Maximum

Answer: Up to 82 years (subject to maximum maturity age of 100 years)

Premium Payment Frequency

Answer

Choose the payment mode that best suits your financial planning:

Monthly*
Quarterly
Half-Yearly
Yearly

*ECS mandate is mandatory for monthly premium payments.

Minimum

Answer: ₹1 Crore

Maximum

Answer: No limit (subject to the Board Approved Underwriting Policy).

Why Choose IndiaFirst Life Insurance Plans?

1.79 Crore Lives secured since inception

Available in 16,500+ BOB & UBI Branches

₹34,403 Crore AUM as of Mar'26

1 Day Claim settlement assurance

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)

Frequently Asked Questions

View All FAQ’s

General

Policy Features

Premiums & Policy Management

Claims & Benefits

What is IndiaFirst Life Value Shield Plus?

Answer: IndiaFirst Life Value Shield Plus is a non-linked, non-participating, individual pure risk life insurance plan designed to provide financial protection to your loved ones. If the life assured passes away during the policy term while the policy is in force, the nominee receives the applicable death benefit.

Who should consider buying IndiaFirst Life Value Shield Plus?

Answer: This plan is suitable for salaried individuals, self-employed professionals, business owners, and anyone looking to financially secure their family's future with a high life cover at an affordable premium.

What type of life insurance plan is IndiaFirst Life Value Shield Plus?

Answer: It is a pure term insurance plan that offers life cover without any maturity or survival benefits. The plan is designed to provide financial support to your family in case of your unfortunate demise during the policy term.

What are the key benefits of IndiaFirst Life Value Shield Plus?

Answer: The plan offers high life cover starting from ₹1 Crore, flexible premium payment options, coverage up to 100 years of age, optional rider benefits, and eligible partner and female discounts.

What is the minimum and maximum entry age for this plan?

Answer: You can purchase the plan from 18 years up to 65 years of age (last birthday), subject to the applicable policy terms and underwriting guidelines.

What premium payment options are available under Value Shield Plus?

Answer: You can choose between Regular Pay and Limited Pay options. The Limited Pay option is available for premium payment terms of 5, 10, 15, or 20 years.

What is the minimum sum assured available under the plan?

Answer: The minimum sum assured under IndiaFirst Life Value Shield Plus is ₹1 Crore. The maximum sum assured is subject to the Board Approved Underwriting Policy.

How long can I stay covered under this plan?

Answer: Depending on your age at entry and the policy term selected, you can stay covered up to 100 years of age.

Can I enhance my coverage with riders?

Answer: Yes. You can strengthen your protection by opting for available riders, including the IndiaFirst Life Accidental Death Benefit Rider, Total Permanent Disability Rider, and Waiver of Premium Rider, subject to eligibility.

Are there any discounts available on premiums?

Answer: Yes. Eligible customers can avail Salaried Discounts, while female lives are eligible for premium discounts as per the policy terms and conditions.

Which premium payment frequencies can I choose from?

Answer: Premiums can be paid monthly, quarterly, half-yearly, or yearly. An ECS mandate is mandatory for monthly premium payments.

Can I change my premium payment frequency after purchasing the policy?

Answer: Yes. You can request a change in the premium payment frequency on a policy anniversary, subject to the policy terms and conditions.

What happens if I miss paying my premium?

Answer: If the premium is not paid within the applicable grace period, the policy may lapse and the benefits will cease. However, you may revive the policy during the revival period, subject to the applicable conditions.

Can I revive a lapsed policy?

Answer: Yes. A lapsed policy can generally be revived within five years from the date of the first unpaid premium by paying the outstanding premiums with applicable interest and meeting the underwriting requirements.

Can I surrender the policy or take a loan against it?

Answer: No. IndiaFirst Life Value Shield Plus is a pure term insurance plan and does not offer policy loans. Unexpired Risk Premium Value may be payable under eligible Limited Pay policies, subject to the policy terms and conditions.

How is the death benefit paid under IndiaFirst Life Value Shield Plus?

Answer: If the life assured passes away during the policy term while the policy is in force, the nominee receives a lump sum death benefit. The benefit is calculated as the highest of the Sum Assured on Death, 10 times the annualised premium, or 105% of the total premiums paid.

Does the plan offer any maturity or survival benefit?

Answer: No. IndiaFirst Life Value Shield Plus is a pure protection plan and does not provide any maturity or survival benefit if the life assured survives the policy term.

What is the suicide clause under this policy?

Answer: If the life assured dies due to suicide within 12 months from the date of commencement of risk or policy revival, the nominee will receive the benefit payable as per the policy's suicide clause, subject to the applicable terms and conditions.

How can my nominee file a death claim?

Answer: The nominee can initiate a claim by informing IndiaFirst Life, submitting the required claim form and supporting documents, and completing the claim process as specified by the insurer.

Is there a free-look period for the policy?

Answer: Yes. The plan offers a free-look period of 30 days from the date of receipt of the policy document, during which you can review the policy terms and cancel it if you are not satisfied, subject to the applicable conditions.

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