IndiaFirst Life Term Insurance Plans

IndiaFirst Term Plans

IndiaFirst Life Insurance Company offers different types of Term Plans to its customers to meet their protection requirement. Let us take a look at the different types of Term Insurance Plans offered by the company and their features and benefits in details.

IndiaFirst Anytime Plan

online term insurance plan which promises higher coverage at lower premium rates. The features and benefits of the plan are as follows:

• The plan can be bought online through the website of the company thus lowering premium and unnecessary hassles
• Premiums under the plan can be either paid for the entire duration of the plan under the Regular Pay option of premium payment or in one lump sum at the inception of the policy under the Single Pay option of premium payment.
• In case of death of the insured during the tenure of the plan, the Sum Assured is paid to the nominee
• The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.

Eligibility Details                                                     

• Premiums under the plan can be either paid for the entire duration of the plan under the Regular Pay option of premium payment or in one lump sum at the inception of the policy under the Single Pay option of premium payment.
• There is a unique benefit provided by the company that of Inter Consultation Services for medical review by medical experts.
• The company adopts differential premium pricing for smokers and non-smokers for choosing coverage ranges of Rs.50 lakhs and above
• In case of death of the insured during the tenure of the plan, the Sum Assured is paid to the nominee subject to a minimum of 105% of all premiums paid till the date of death.
• The premiums paid are exempt from taxation under Section 80C of the Income Tax Act and the claim received in exempt under Section 10(10D) of the Income Tax Act.

Eligibility Details                                                                 

Applying for a Term Plan from the company:

• Online

  The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued

• Intermediaries

  Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.

Applying For Term Insurance through PolicyBazaar

• On the PolicyBazaar homepage, click on Term Insurance under the Personal tab.
• Click New Quotes to compare
• Fill your date of birth (DOB), whether you are a smoker/non-smoker, and the payout amount. On the basis of your payout amount, you will get an estimate of your premium. Next click Continue.
• Fill in your name, email address, city, country code, and mobile number. Click Continue.
• You will be taken to the Life Insurance quotes page where you will see life insurance quotes of more than 10 insurers. Next, choose the plan as per payment schedule – One Time Payout and Monthly Payout Plans.
• After reviewing and comparing each life insurance quote, click the premium amount to buy the desired plan.
• You will see a pop-up on the screen which will give you an overview of the chosen plan like premium, plan features, exclusions, additional riders, etc. Click Proceed.

This will take you to the insurer’s website. You will have to fill in the necessary details to buy the plan.

To know more about other life insurance plans check at IndiaFirst Life Insurance