IndiaFirst Life Insurance Premium Calculator is a tool used to calculate IndiaFirst Life Insurance Premium. Individuals who wish to buy term plans from IndiaFirst Life Insurance can know the product price and premium rates without any hassles. This tool helps the insurance seeker make an informed decision. The premium calculator for IndiaFirst Life Insurance Private Limited Company also considers different factors while computing the approximate value of the payable premium.
Most life insurance companies in today's Indian market cater to the financial security needs of their customers through several term insurance plans. As the calculation of premium for such term plans must take into consideration various factors such as age, income, gender, lifestyle, life cover, policy term, etc., the task of computing the premium becomes tedious. Hence, the insurers may find it difficult to offer customized premium quotes to individual customers as per their needs.
This may lead to incorrect calculations and inaccurate premium rates that put the reputation of the insurer at stake. Online premium calculators such as IndiaFirst Life Insurance Premium Calculator will help the insurers and the expectant policy buyers in calculating the premium rates easily and accurately.
A detailed description of steps to be followed to get a quick premium quote using the IndiaFirst Term Insurance Premium Calculator is mentioned below.
Step 1: Visit the official website of IndiaFirst Life Insurance.
Step 2: Locate the products offered by the insurer on the homepage of the official website. Click on the clickable tab "Get a Quick Quote."
Step 3: You will be offered a provision to choose the type of life insurance plan that you are looking for. Click on protection plan if you are looking forward to purchasing an IndiaFirst Term Insurance Plan.
Step 4: You will be redirected to the IndiaFirst Life Insurance Premium Calculator page. Here, you are expected to enter the correct details in the respective tabs.
Step 5: Once the details are entered, recheck if all the details are entered correctly and click on the "Get Quote" tab.
Step 6: The premium quote is displayed for Rs. 1 Crore life cover. However, you have a provision to edit the life cover sum to get premium quotes for different sum assured. You can also add extra riders to obtain the premium quote with the addition of riders. You may proceed to purchase a feasible policy at this stage by clicking on the "Buy Policy" tab.
Document verification is an inevitable step in finalizing the purchase of a term plan. The following proofs are to be furnished while purchasing IndiaFirst Life Insurance Plans online.
IndiaFirst Life Insurance Premium Calculator offers customers numerous benefits. A few quotable ones are listed below:
Following details are necessary for obtaining a premium quote using the online IndiaFirst Term Insurance Premium Calculator:
IndiaFirst Life's online term insurance plan offers financial security to the dependents of the insured person. It also provides several other term insurance benefits explained below:
IndiaFirst Life Insurance or any other life cover policy is a crucial investment to be considered by salaried professions irrespective of their annual income and age. The term plans enable the policyholders to secure the financial requirements of their dependents even if they are not alive anymore. However, the life cover is offered only for a specific duration referred to as the policy term. With the help of the IndiaFirst Life Insurance Premium Calculator, the aspirant policy buyer can choose an appropriate term insurance plan that suits their affordability and financial requirements of their dependants.
The sum of the amount paid under a specific term plan to the insurer who offers life coverage to the policyholder is referred to as the premium. While purchasing any term plan, the aspirant should check for the premium rates to decide whether that particular plan is affordable and fits into his/her budget or not. The premium rates of any specific term plan are calculated based on numerous variables, including the following:
Term insurance plans are those plans which offer a life cover to the insured for a specified period. The insured person's family is assured of financial security in case of the death of the policyholder within the end of the policy term. However, these plans do not offer any maturation benefits. i.e., neither the insured person nor his family will receive any monetary returns if the insured person is alive even after the maturation of the policy. It is crucial to purchase a term insurance plan to assist your families in overcoming the uncertainties and financial crises.
IndiaFirst Life Insurance has managed to attract a decent number of customers through diverse products with numerous benefits. The pure protection plans offered by IndiaFirst Life Insurance are more popular among all their products.
A1. The term insurance plans of IndiaFirst Life Insurance offer tax benefits on the premiums paid and assured sum in addition to the financial security to the family of the insured person.
A2. The following documents can be furnished as address proof while purchasing an IndiaFirst Life Insurance term plan online:
A3. IndiaFirst Insurance Calculator gives an estimated value of the premium sum for a particular term policy. However, there may be variations of the estimated premium value from the exact figure.
A4. The duration for which the policy buyer is devoted to paying a specified sum towards his/her life cover or sum assured is referred to as the premium paying term. The online term plans of IndiaFirst term insurance offer the buyer an additional grace period to pay the premium sum even after the due date.
A5. There are no specific age restrictions to purchase a term plan from IndiaFirst Life Insurance if you have attained voting age. You can purchase a term insurance plan anytime on or after your 18th birthday. Though there is no concept of the right age to purchase a term plan, it would be best if you consider purchasing a plan as early as possible because the lesser the age, the less the premium value. An aged person may have to pay a higher premium sum.
A6. No. IndiaFirst Life Insurance Premium Calculator allows its users to obtain the premium estimations at the time of policy purchase. However, this tool does not support premium payments.
A7. There is no restriction on the number of policies that a person can invest in. A policy buyer can choose to invest on different term plans based on his/her financial liabilities and annual income.
A8. IndiaFirst Life Insurance Premium Calculator may give inaccurate results of premium estimations if you do not enter your date of birth correctly.
A9. The policy buyers are supposed to declare themself as tobacco users even if they consume tobacco occasionally. This is an important consideration because any kind of medical history plays an imperative role in evaluating the accurate premium for a particular policy. The settlement of the claim may be hampered if any such data is withheld by the policyholder.
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.