IndiaFirst Life Guaranteed Protection Plan is a non-linked plan that ensures the protection of a customer's loved ones even in the event of an unfortunate incident like death or permanent disability. The plan offers numerous coverage options for a customer to choose from that enable him to provide the utmost safety to his dependants. It falls under the category of a term insurance policy.Read more
*Tax benefit is subject to changes in tax laws. *Standard T&C Apply
** Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines
The IndiaFirst Life Guaranteed Protection Plan comes along with the following host of features to keep the family secured:
Let us take a look at the benefits offered under the IndiaFirst Life Guaranteed Protection Plan:
The IndiaFirst Life Guaranteed Protection Plan offers a host of following coverage options that are innovative:
This in-built coverage will expedite the death benefit if the policyholder is diagnosed with a terminal illness. This ensures that the policyholder and his family can better manage any expenses towards this unexpected event and are more prepared.
To combat the rising inflation, IndiaFirst Life Guaranteed Protection Plan gives its policyholders the option to grow their life cover by a value of 5% annually. This ensures the continuation of life goals even under crippling inflation prices.
40 different types of critical diseases are covered under this plan. A lump-sum value will be payable to the policyholder in the case of diagnosis with any of these illnesses.
IndiaFirst Life Guaranteed Protection Plan offers reimbursement of the premiums if the customer survives until the policy's maturity because it is a term insurance plan.
If a customer chooses this option, he will be eligible to obtain survival benefits at the time of his retirement. This is in addition to the life cover. The benefits may be claimed as a lump sum upon retirement and as a monthly income after that. This ensures the security of the policyholder even after he retires.
Under this cover, a lump sum is provided to the policyholder's beneficiaries upon the death of the customer in an accident. The death benefit may be claimed as a lump sum or in monthly instalments over some time, as specified by the policyholder. This safeguards both the policyholder and his beneficiaries in the event of accidental death.
The plan provides tax benefits as per applicable tax laws.
Note: Tax benefit is subject to changes in tax laws. Standard T&C apply.”
The following documents are required to buy IndiaFirst Life Guaranteed Protection Plan:
Listed below are the steps to be undertaken to buy IndiaFirst Life Guaranteed Protection Plan online:
If the policyholder commits suicide within 12 months of investing in the policy, he will be automatically excluded, and the policy will be considered to be closed.
Disabilities that might be caused due to drug abuse, self-caused injuries, unlawful activities, war, dangerous sports, etc., will lead to the exclusion of the policyholder from the policy.
Diseases occurring due to congenital abnormalities, self-caused injuries, alcohol abuse, war, failure to follow medical instructions, etc., will render the policyholder excluded from the policy.