IndiaFirst Life TULIP Pro Plan

Eligibility Criteria for the IndiaFirst Life TULIP Pro Plan

Before purchasing the plan, applicants must meet specific eligibility requirements. This helps investors assess if the IndiaFirst Life TULIP Pro Plan fits their goals when exploring the best investment plans. The following are the eligibility criteria for this plan:

Features of the IndiaFirst Life TULIP Pro Plan

The plan includes several features designed to balance protection and investment opportunities. Here are the key features:

• Dual Advantage - Insurance and Investment: The plan offers life insurance coverage and allows long-term wealth building through investments in equity, debt, and hybrid funds.
• Diversified Fund Options: Depending on their risk appetite and financial goals, policyholders will be offered up to 10 professionally managed funds.
• Investment Options: The investments are effectively run through, giving investors the option of using a Self-Managed Strategy, Smart Switch Strategy, or age-based Strategy.
• Return Of Charges: The plan refunds 100% of the mortality charges at maturity and also provides returns on the fund value, based on the premium details of the policy.
• Partial Withdrawal Facility: Policyholders can make a partial withdrawal after 5 years of lock-in to meet their needs.
• Unlimited Fund Switching: Funds can be transferred without a fee, allowing investors to adjust their portfolios based on market conditions.

Benefits of the IndiaFirst Life TULIP Pro Plan

IndiaFirst Life TULIP Pro Plan also offers a number of financial benefits in addition to protection and investment flexibility. Here are the key benefits:

• Death Benefit: Should the life assured die during the policy term, the nominee will get the best of:
  • Fund value
  • Sum assured
  • 105% of total premiums paid

This makes the family financially secure.

• Maturity Benefit: If the policy owner survives to maturity, the fund balance, including the mortality charges, is paid out as a maturity benefit.
• Tax Benefits: Current tax laws permit deductions for premiums paid under Section 80C and tax-obligation-free maturity benefits under Section 10(10D).
• Wealth Creation Opportunity: Being one of the flexible IndiaFirst Life ULIP Plans, it gives investors the opportunity to enjoy returns linked to the market through diversified funds.

Riders Under the IndiaFirst Life TULIP Pro Plan

Riders enhance the protection offered by the base policy by adding additional coverage for specific risks. The following are the available rider options under the IndiaFirst Life TULIP Pro Plan:

• IndiaFirst Life Term Rider: This life insurance offers additional coverage throughout the policy period. The rider sum assured is paid to the nominee, together with the base policy benefits, upon the policyholder's death during the rider period.
• Accidental Death Benefit Rider: This rider provides additional financial cover in case of the death of the life assured as a result of an accident. This nominee is assured of an extra amount in terms of a lump sum, on top of the base policy death benefit.
• Total and Permanent Disability Rider: This rider provides financial support if the life assured becomes totally and permanently disabled, due to an accident or illness. The rider is a lump-sum benefit that helps the policyholder clear medical or financial commitments.

Policy Details of the IndiaFirst Life TULIP Pro Plan

Understanding policy terms and operational rules helps policyholders manage their investments effectively. Here are the policy details of this plan:

1. Grace Period:

   A grace period will be offered to maintain policy continuity in the event of late premium payments. In the annual, semi-annual, and quarterly premium modes, a 30-day grace period is provided, whereas in the monthly mode, a 15-day grace period is recognised. In this era, the policy and its benefits remain in effect.

2. Revival:

   If the policy lapses due to failure to pay premiums despite the grace period, it is revived within three years of the date of the first unpaid premium. To be revived, all outstanding premiums and any charges as dictated by the insurer must be paid.

3. Free Look Period:

   The policyholder shall have a free look period of 30 days from the date the policy document is issued. This is the period during which the policy terms can be re-examined; if they are not satisfactory, the policy can be cancelled with a refund, although there will be some deductions.

4. Surrender:

   The policy may be surrendered at the expiry of the mandatory 5-year lock-in period. The policy is terminated in accordance with the terms and conditions, upon which the fund value (after any deducted charges) is paid to the policyholder upon surrender.

5. Fund Switching:

   The plan enables policyholders to switch available investment funds to suit their financial objectives and market environment. It offers several free fund switches, enabling active management and portfolio rebalancing.

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Fund Name	NAV	AUM	5 Yr Returns	10 Yr Returns
IndiaFirst EBP Dynamic Moderator Fund	₹22.66	₹9 Cr	5.83%	-	View More
IndiaFirst Flexi Cap Equity Fund	₹18.99	₹199 Cr	-	-	View More
IndiaFirst Sustainable Equity Fund	₹15.44	₹18 Cr	-	-	View More
IndiaFirst Equity Elite Opportunities Fund	₹27.62	₹153 Cr	10%	-	View More
IndiaFirst Equity Pension	₹57.61	₹10 Cr	12.68%	12.99%	View More
IndiaFirst Balanced Pension	₹44.24	₹3 Cr	9.64%	10.61%	View More
IndiaFirst Debt Pension	₹26.72	₹1 Cr	4.53%	5.21%	View More
IndiaFirst Equity	₹53.13	₹20 Cr	11.63%	12.13%	View More
IndiaFirst Balanced	₹42.05	₹9 Cr	9.32%	10.18%	View More
IndiaFirst Debt	₹27.1	₹1 Cr	4.62%	5.29%	View More
IndiaFirst Equity 1	₹48.06	₹5096 Cr	11.17%	12.4%	View More
IndiaFirst Debt 1	₹25.37	₹1869 Cr	5.08%	5.03%	View More
IndiaFirst Balanced 1	₹37.03	₹331 Cr	8.86%	9.58%	View More
IndiaFirst Index Tracker	₹40.39	₹35 Cr	9.15%	11.2%	View More
IndiaFirst Value	₹52.21	₹273 Cr	11.37%	12.65%	View More
IndiaFirst Dynamic Asset Allocation	₹38.29	₹320 Cr	7.93%	7.6%	View More
IndiaFirst Bond Fund	₹27.94	₹297 Cr	5.24%	5.83%	View More
IndiaFirst Equity Advantage Fund	₹52.57	₹132 Cr	11.22%	12.46%	View More
IndiaFirst Macro Trends Fund	₹9.75	₹13 Cr	-	-	View More
IndiaFirst Multi Cap Equity Fund	₹10.75	₹104 Cr	-	-	View More
IndiaFirst Large Cap Equity Fund	₹11	₹143 Cr	-	-	View More
IndiaFirst Pension Debt Fund	₹10.24	₹3 Cr	-	-	View More

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Exclusions Under the IndiaFirst Life TULIP Pro Plan

There are some conditions that restrict the benefits provided by the policy. The key exclusions are as follows:

1. Suicidal Cover

   In case the life assured commits suicide within the 12 months of policy commencement or revival, the nominee will only get the fund value of the policy on the day of death.

2. Total Permanent Disability (TPD).

   TPD benefits can only be offered for disability incurred due to covered events, provided it meets the rider's terms.