IndiaFirst Life Wealth Maximiser Plan

Eligibility Criteria for the IndiaFirst Wealth Maximiser Plan

The plan also supports regular, limited, and single premium payment options, offering flexibility for different investment capacities.

Features of the IndiaFirst Wealth Maximiser Plan

Here are the key features of the plan:

• Market-Linked Investment Opportunities: Invest in multiple funds linked to equity, debt, and hybrid assets.
• Seven Fund Options: Choose from Equity, Debt, Balanced, Index Tracker, Value Fund, and other diversified funds.
• Flexible Investment Strategies: Automatic trigger, fund transfer, and age-based strategies help manage investments efficiently.
• Unlimited Free Fund Switches: Move funds without additional switching charges.
• Flexible Policy Term: Customise policy duration and premium payment term.
• Online Purchase Option: Policy can be purchased digitally for convenience.
• Top-Up Premium Option: Invest additional funds whenever required to increase savings.

Benefits of the IndiaFirst Wealth Maximiser Plan

Below are the benefits of IndiaFirst Wealth Maximiser Plan:

• Maturity Benefit: Upon expiry of the policy term, the policyholder is entitled to the cumulative fund value of the policy plus any top-up investments that he or she has made during the period.
• Loyalty Benefits: Policyholders who continue the plan for a longer duration may receive additional rewards such as:
  • Loyalty Benefits from the sixth policy year onwards
  • Profit Booster every five years, starting from the tenth policy year
  • Loyalty Advantage for regularly paying premiums

These benefits enhance the total fund value over time.

• Death Benefit: The nominee also has the added advantage that/she will get a financial guarantee in the situation where the policyholder dies upon termination of the policy, the nominee will receive the larger of the fund value and the sum assured, which will support the family.

Riders Under IndiaFirst Wealth Maximiser Plan

The policy has optional riders to provide more protection:

• Accidental Death Benefit Rider.
• Permanent and Total Disability Rider.

These riders will provide additional financial coverage in the event of accidents or disability.

Policy Details of the IndiaFirst Wealth Maximiser Plan

The following are the policy details of the IndiaFirst Wealth Maximiser Plan:

1. Grace Period:

   The plan offers a grace period to ensure the policy does not lapse due to late premium payments. Annual, half-yearly, and quarterly premium modes have a 30-day grace period, whereas the monthly mode has a 15-day grace period. At this period, the policy still persists.

2. Revival:

   The policy can lapse in case premiums are not paid, even during the grace period. It may, however, be renewed within three years of the date of the initial unpaid premium. The policyholder should pay all outstanding premiums and any other charges required, and adhere to the insurer's terms to revive the policy.

3. Free Look Period:

   The policyholder has a 30-day period during which he/she may review the terms and conditions of the policy document upon receipt. They have a period to cancel the policy if the policy fails to meet their expectations, and a refund will be made as per the rules.

   

4. Surrender:

   The policy may be surrendered upon expiry of the 5-year lock-in period. Upon surrender, the policyholder will receive the fund value (after any applicable charges), and the policy will be terminated in accordance with its terms.

5. Fund Switching:

   The plan can be flexed to switch between investment funds based on fluctuating financial objectives or market factors. Without any fee, policyholders are also free to switch their funds unlimitedly and therefore manage and optimise their investment portfolio.

Exclusions Under the IndiaFirst Wealth Maximiser Plan

Suicidal Clause

If the life assured dies due to suicide within 12 months from policy start or revival, the nominee receives the fund value available on the date of death.