IndiaFirst Life Little Champ Plan

What is IndiaFirst Life Little Champ Plan?

The IndiaFirst Life Little Champ Plan is a non-linked, participating life insurance plan designed to help you secure your child's future. It offers a combination of features to provide both financial security and flexibility. With guaranteed payouts at regular intervals, you can plan for your child's education expenses with confidence. The plan also offers comprehensive financial protection in your absence. If you choose to add the Accidental Total Permanent Disability (ATPD) benefit, your policy premiums will be waived if you suffer such a disability. The Little Champ Plan is customizable, allowing you to choose a policy term and premium payment term that fits your financial goals.

Features of IndiaFirst Life Little Champ Plan

The Little Champ Plan offers a variety of features to help you secure your child's future:

• Life Cover: Protects your loved ones financially in case of death or accidental total permanent disability (ATPD).

• Premium Waiver: If you die or suffer ATPD, no more future premiums are needed.

• Policy Flexibility: Choose the policy term, premium payment term, and payment method that suits your needs.

• Death Benefit Choices: Get the death benefit as a lump sum or spread out in monthly payments.

• Payout Options: Choose from 8 guaranteed payout options, from 101% to 125% of the sum assured, to support your child's milestones.

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Eligibility Criteria for the IndiaFirst Life Little Champ Plan

Investment

Secure

Secure your child’s future with or without you

Start Investing

₹10,000/Month

& Get

₹1 Crore^*

VIEW PLANS

*Standard T & C Apply

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Benefits of the IndiaFirst Life Little Champ Plan

In Case of Death of the Life Assured (Policyholder):

1. Financial Security for Your Child:

   • Your beneficiary will receive the Death Benefit, which is the higher of the Sum Assured on death or 105% of the total premiums paid.

   • You can choose to receive this benefit as a lump sum or as a monthly income spread over 5, 10, or 15 years.

2. Guaranteed Payouts and Maturity Benefit:

   • Even in your absence, your child will receive all guaranteed payouts and maturity benefits as per the plan schedule.

3. Continued Policy Benefits:

   • The policy will continue to accrue bonuses (if declared), providing additional financial support for your child's future.

Additional Coverage Options:

1. Death and Accidental Death Benefit:

   • This benefit provides the Death Benefit as defined earlier, plus an additional amount equal to the Sum Assured on Maturity in case of accidental death.

2. Death, Accidental Death and Accidental Total Permanent Disability (ATPD) Benefit:

   • This comprehensive coverage offers the highest level of protection. It includes the Death Benefit, Accidental Death Benefit, and a waiver of future premiums if the Life Assured becomes totally disabled due to an accident. The policy will continue to pay out guaranteed benefits and accrue bonuses (if declared) even during this time.

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Policy Details of the IndiaFirst Life Little Champ Plan

1. Grace Period:

   • 30 days for yearly, half-yearly, and quarterly premiums.

   • 15 days for monthly premiums.

   • Policy benefits continue during the grace period.

   • Death benefit payable during the grace period after deducting unpaid premiums.

   • Waiver of future premiums for Accidental Total Permanent Disability (ATPD) during the grace period.

2. Free Look Period:

   • 15 days for standard policy purchases.

   • 30 days for online or electronic purchases.

   • Option to return the policy if not satisfied with terms.

3. Policy Loan:

   • Loan facility is not available under this plan.

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Exclusions Under the IndiaFirst Life Little Champ Plan

Exclusions under the IndiaFirst Life Little Champ Plan are: 

1. Suicide Exclusion:

   • If the life assured dies by suicide within 12 months of policy commencement or revival, the nominee receives 80% of the total premiums paid or the surrender value (whichever is higher). This applies only if the policy is still in force.

2. Accidental Death Benefit Exclusion:

   This benefit is excluded if death results directly or indirectly from:

   • Self-inflicted injury, suicide, or attempted suicide (regardless of mental state)

   • Being under the influence of drugs, alcohol, or narcotics (unless prescribed by a doctor)

   • War, invasion, terrorism, civil unrest, or strikes

   • Flying activities except as a passenger on a commercial aircraft

   • Participating in criminal activity

   • Injuries sustained before policy coverage began

   • Engaging in hazardous pursuits like professional sports, diving, hunting, mountaineering, etc.

   • Nuclear contamination or accidents related to nuclear materials

3. Accidental Total and Permanent Disability Benefit Exclusion:

   This benefit is excluded if disability results directly or indirectly from:

   • Self-inflicted injury, suicide, or attempted suicide (regardless of mental state)

   • Being under the influence of drugs, alcohol, or narcotics (unless prescribed by a doctor)

   • War, invasion, terrorism, civil unrest, or strikes

   • Flying activities except as a passenger on a commercial aircraft

   • Participating in criminal activity

   • Disability due to an accident that occurred before policy coverage began

   • Disability due to any illness, disease, or congenital condition

   • Engaging in hazardous pursuits like professional sports, diving, hunting, mountaineering, etc.

   • Nuclear contamination or accidents related to nuclear materials

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