IndiaFirst Life Insurance Review

I always wanted to be sure that if I am gone, my family will be able to manage their future, and fulfil all their dreams. I want my son to continue his studies, even if I am no longer there, and fulfil his dream of becoming a Pilot. That's why I have chosen the IndiaFirst Life Insurance policy. I now sleep peacefully knowing that tomorrow, even if I do not wake up, my family's future will not be at stake. -
Arjun

51 Partners Insurance Partners

12.02 Crore Registered Consumer

5.9 Crore Policies Sold

We are rated ++ rating

₹1 Crore Life cover starting from ⁺

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth

Mobile Number

Check Your Premium Now

Get Updates on WhatsApp

About IndiaFirst Life Insurance

IndiaFirst Life Insurance Company was launched in November 2009. It is a joint venture between Bank of Baroda, Union Bank of India, and Carmel Point Investments India Private Limited. The company has a strong distribution network and a conservative, protection-first approach to life insurance, backed by two large public-sector banks.

IndiaFirst doesn't push products with many features. Instead, it focuses on plans that are easy to understand and useful for a long time.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Key Features of IndiaFirst Life Insurance

Offers term insurance, savings plans, ULIPs, child plans, and retirement-focused policies
Backed by Bank of Baroda and Union Bank of India, which adds a layer of trust for many buyers
Policies are designed with simple benefit structures and fewer hidden conditions
Flexible premium payment options based on income and policy term
Accessible through bank branches as well as online channels

Advantages of IndiaFirst Life Insurance Policies

Strong life cover without heavy premiums
IndiaFirst term insurance plans are designed to offer high coverage at a price most families can actually afford. IndiaFirst Life Insurance policy allows you to secure your family's future at affordable premiums, without affecting your monthly budget.
Flexible premium payment options
You are not forced into one payment style. IndiaFirst offers single, limited, or regular premium payment options, so the policy can fit your income pattern rather than disrupt it.
Additional protection through riders
You can add additional protection to your basic plan through riders like critical illness, accidental death benefit, or waiver of premium. These riders provide additional financial security in case life suddenly takes an unexpected turn.
Guaranteed returns for long-term goals
For people who want safety over market risk, IndiaFirst savings and retirement plans offer guaranteed returns. These plans work well for goals like retirement income, children's education, or building a stable corpus over time.
Tax Benefits
Premiums paid and benefits received may help you save on taxes as per applicable tax laws, making the policy financially smarter.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

Why Should You Consider IndiaFirst Life Insurance?

IndiaFirst Life Insurance comapny Pvt. Ltd. has a high claim settlement ratio of 98.22% for individual death claims. This shows the company's dedication to paying claims and helping families in times of need.
IndiaFirst Life has a wide reach of more than 16,500 bank branches across the country with the help of Bank of Baroda and Union Bank of India. This makes it easy for customers to buy a policy or get help, especially if they want to go to a branch.
IndiaFirst Life has protected the future of more than 1.64 crore policyholders till now. This shows that more and more Indian families are using and trusting the company.
The company has an Assets Under Management (AUM) of more than ₹30,968 crore as of FY 2024–25. Growing AUM indicates a business is strong and large.
The company resolves claims as quickly as possible and keeps communication channels open. The company's systems and interfaces are designed to make it easier for people to file a claim.

How to Buy Life Insurance Plans from Policybazaar?

You can buy a Life Insurance plan online by following the below - mentioned steps:

STEP 01

Visit Policybazaar and go to the 'Life Insurance' plan

STEP 02

Enter your name, gender, contact number, and date of birth

STEP 03

Fill in your smoking habits, educational qualifications, occupation type and annual income

STEP 04

Select the most suitable plan and proceed to pay

Final Review: Is IndiaFirst Life Insurance Worth It?

IndiaFirst Life Insurance is a good option for those who want clarity, bank-backed assurance, and straightforward insurance. It might not be for those who are looking for aggressive investment-linked insurance, but for life insurance, it does what it claims without overpromising. For buyers who want life insurance to feel predictable rather than overwhelming, IndiaFirst remains a sensible option.

People also search for

What is Term Life Insurance

FAQs

Q: Is IndiaFirst Life Insurance a reliable and genuine company?

Ans: Yes. IndiaFirst Life is a genuine, IRDAI-regulated insurer backed by Bank of Baroda and Union Bank of India. It has been operating in India for years and follows standard regulatory norms.
Q: What is the rank of IndiaFirst Life Insurance?

Ans: IndiaFirst Life usually falls in the mid-range among private life insurers. It is not among the top few by size but performs steadily on key metrics like claims.
Q: What is the IndiaFirst Life Insurance term plan review?

Ans: IndiaFirst term plans are affordable, simple, and offer decent flexibility with rider options. They are suitable for people looking for straightforward life cover without complex features.
Q: What is the claim settlement ratio for IndiaFirst Life?

Ans: IndiaFirst Life’s claim settlement ratio is above 98.22%, that shows a strong record of settling valid claims.

Different types of Plans

Term Insurance

View Plans

Life Insurance

View Plans

List of Term Insurance Companies

View Plans

TROP

View Plans

Term Insurance For Senior Citizen

View Plans

Term Insurance For Spouse

View Plans

Term Insurance For Family

View Plans

Term Insurance For NRI

View Plans

List of Term Insurance Plan

View Plans

Life Insurance Corporation of India

View Plans

What is Term Insurance?

View Plans

Term Insurance Calculator

View Plans

1 Crore Term Insurance

View Plans

2 Crore Term Insurance

View Plans

Explore the popular searches and stay informed

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.