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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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Key features

Life cover up to 50 Crore

Choose a life cover from ₹1 lakh to ₹50 Crore & enjoy the benefits of choosing your term from 5 years to 40 years.

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Long term coverage

Get life cover up to age 80

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Death benefits

Your family is secured, as they get an assured lumpsum benefit immediately, in case of untimely death of the life assured

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Tax benefits

You also stand to get tax* benefits for the premiums you pay and benefits you receive as per applicable tax* laws.

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Flexible Premium Payment Options

Choose your premium payment frequency: monthly, half-yearly, yearly, or opt for a one-time payment as per your preference.

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How to buy this term insurance plan?

Step 1

Enter your details

Fill in your basic details like name, mobile number, gender, DOB and other required essentials. 

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Step 2

Choose the life cover amount

Choose from life cover between ₹1 lakh and ₹50 crore based on your preference and requirement.

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Step 3

Review your quote

A quote will be generated to review your details and coverage options.

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Step 4

Make the payment

Choose any online mode of payment to complete the process and buy our term plan online. A policy will be issued to you thereafter.

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Visualize your Plan

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40 Years

Vikas, married with 2 kids, buys a term plan of ₹ 2 Crore cover for 20 years

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40-58 Years

Vikas pays annual premium of ₹ 41,740 for 18 years

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At 59 Years

Vikas passes away during the policy term

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Vikas’s Wife

Gets ₹ 2 Crore as Lumpsum pay out

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40 Years

Swati, a single mother, buys a term plan of ₹ 1 Crore cover for 30 years

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40-60 Years

Swati pays annual premium of ₹ 19,070 for 20 years

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At 61 Years

Swati passes away during the policy term

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Swati’s Daughter

Gets ₹ 1 Crore as Lumpsum pay out

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Eligibility Criteria

Age at Entry

Answer
  • Minimum - 18 years
  • Maximum - 60 years

Age at Maturity

Answer
  • Minimum - 23 years
  • Maximum - 80 years

Policy Term

Answer
  • Minimum - 5 years 
  • Maximum - 40 years

Premium Payment Frequency

Answer
  • Monthly, Half yearly, Annually & One-time payment

Sum Assured

Answer
  • ₹1 Lakh to ₹50 Crore 

Premium Payment Term

Answer

Single Pay – One Time Payment 
Regular Pay – Equal to Policy Term

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)

How can we help?

View All FAQ

What is the IndiaFirst Life Plan?

Answer

IndiaFirst Life Plan is a pure protection policy which offers an insurance cover on your life. The policy secures your family members/ loved ones in case of unfortunate event of the life assured’s demise. This plan can also be bought online.

Who are the people involved in the policy?

Answer

This policy may include the ‘Life Assured’, the ‘Policyholder’, the ‘Nominee(s)’ and the ‘Appointee’.

 

Who is a Life Assured’?

 

Life assured is the person, on whose life the policy depends. The policy ends and the benefit is paid out on the life assured’s death. 

 

Maximum age at the time of applying for the policy 
 60 years as on the last birthday 
Maximum age at end of the policy term 
 80 years as on the last birthday
Minimum age at the time of applying for the policy 18 years as on the last birthday

 

Who is a Policyholder?

A Policyholder is the person who holds the policy. The Policyholder may or may not be the life assured. A Policyholder must be at least 18 years old while applying for the policy. You can choose a nominee under than policy if you and the life assured are the same.

 

Who is a Nominee(s)?

A nominee(s) is the beneficiary under the policy who receives the death benefit in case of the life assured’s demise. The nominee(s) is appointed by you, the policyholder. The nominee(s) can even be a minor (i.e. below 18 years of age).

 

Who is the Appointee?

An appointee is the person you can nominate at the time of buying the policy in case your nominee(s) is a minor. The appointee receives the benefits under the policy and holds the same till the nominee(s) attains 18 years of age.

What is the life cover under this policy?

Answer

The life cover is the sum assured opted for which you take the policy. However, you have the option to select your life cover as per your requirements. 
 

Minimum life cover / sum assuredMaximum life cover / sum assured
₹1,00,000 ₹50,00,00,000


*The life cover should be in multiples of ₹1,000

What is the term of the policy?

Answer
Regular PremiumSingle Premium
5 to 40 years5 to 40 years

Can you cancel your policy?

Answer

Yes, you can cancel your policy if you disagree with any of the terms and conditions within the first 15 days (free look period) from receipt of your policy document. In case of Distance Marketing you have 30 days to decide the same. You can return the policy to us, while stating your specific objections.

We will return your premium as follows –

Premium paid

Less: i. Risk Premium for the period you were covered under the policy

ii. Charges towards medical examination, if any

iii. Stamp duty charges

Can you surrender your policy?

Answer

Yes. You have the flexibility to surrender your policy.
 

Regular premiumSingle premium
No Unexpired Risk Premium value payableUnexpired Risk Premium value i s payable only if you surrender the policy any time after the second policy year and before the end of the policy term. It is calculated as– 40%xPremiumpaidx(Unexpired Term*/TotalPolicyTerm)


*Unexpired term will be calculated as on the date of lapse or, in case the cover is continuing, the date of surrender. 

Do you get any loan benefits under your policy?

Answer

No. Loan is not available under this policy. 

What are the premium paying modes available?

Answer

 

Regular premium Single Premium
Monthly (through ECS or Direct Debit), six monthly yearlyOnetime payment only 

 

How much you need to pay?

Answer

Premium will depend on the life assured’s age, the policy term and the sum assured.
 

Premium FrequencyMinimum Premium Amount Rs
MonthlyRs 100
Six monthlyRs 500
YearlyRs 1,000
One Time PaymentRs 5,000


The mode of premium payment and frequency will also impact the premium amount. The following premium frequency factors for monthly and Half Yearly policies will apply on the yearly premium to get instalment premium.

 

Premium FrequencyFactor To Be Applied To Yearly Premium
Monthly0.0870
Half Yearly0.5119

 

What is the benefit payable in case of the life assured’s demise?

Answer

In the unfortunate event of the life assured’s demise during the policy period, the nominee (the person chosen to receive the benefits) will get a lump sum amount. This amount is equal to the sum assured. Not just that, the death benefit paid to the nominee(s) will be more than 105% of all the premiums paid at any point in time. 

What do you receive at the end of the policy term?

Answer

There is no maturity or survival benefit payable under this policy. This is a non participating pure term insurance policy. 

Your options if you miss paying premiums Is there a grace period for missed premiums?

Answer

We provide you a grace period of 30 days in case of six monthly or yearly premium mode and 15 days in case of monthly premium mode. This period starts from the due date of each premium payment. All your policy benefits continue during this grace period. In case of death during the grace period we will pay the sum assured to the nominee/appointee/legal heir after deducting the due premium.

If you do not pay your premiums before the end of the grace period, your life cover ceases and your policy will lapse. 

What are your options to revive the policy?

Answer

You can revive your policy within a specified period of five years, if you have been unable to pay premiums due to constraints by–

  • Simply paying the pending premium amount without any interest 
  • Begin the regular payment of premiums
     

Are there any constraints to revive your policy?

Yes. You can revive your policy as long as you do it within five years from the due date of the first unpaid premium but before the maturity date. The revival is subject to satisfactory medical and financial requirements raised by the Company, and board approved underwriting guidelines The medical cost, if any to be borne by you.

What happens in case the life assured commits suicide?

Answer

If someone covered by the term plan policy, unfortunately, passes away due to suicide within the first 12 months from when the policy started or was revived, the nominee or beneficiary will receive support. They will be entitled to 80% of the total premiums paid till the date of death or the Unexpired Risk Premium value available as on the date of death – whichever is higher. This applies as long as the policy is in force. 

Plans that may interest you!

IndiaFirst Life Guaranteed Protection Plus Plan

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IndiaFirst Life Guaranteed Protection Plus Plan
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Tax Saving
Product Description

Need a protection plan that is tailored especially for your needs? Look no further! This plan aims to give you and your family financial security in an easy and convenient way.

Product Benefits
  • Option to Get Your Money Back (ROP)
  • Tailormade plans
  • Flexibility to pay premiums at your convenience.
  • Insure your spouse in the same policy
  • Cover till 99 years of age 
Porduct Detail Page URL

Get Quote 

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Learn More

Why IndiaFirst life

1.6 Crore

Lives secured since Inception

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Available in 16,500+

BOB & UBI Branches

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27,073 Crore

AUM as of Feb'2024

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1 Day

Claim settlement assurance

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8828840199

For online policy purchase

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1800 209 8700

Customer Care Number

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