IndiaFirst Life Guaranteed Protection Plan

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.

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Get ₹1 Cr. Life Cover at just ₹411/month*
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers

*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

Get ₹1 Cr. Life Cover at just ₹411/month*
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
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Features of IndiaFirst Life Guaranteed Protection Plan

The IndiaFirst Life Guaranteed Protection Plan comes along with the following host of features to keep the family secured:

  • IndiaFirst Life Guaranteed Protection Plan protects its customers from untimely death due to COVID-19.
  • The policyholder may accelerate the sum assured value on the payment of an additional premium amount. This may be done to meet various life milestones like marriage, buying a house, etc.
  • The long term care option gives policyholders a chance to secure themselves against degenerative illnesses.
  • The life cover can be availed all along during the term of the policy.
  • The dual protection option can be used to safeguard the retirement period of the policyholder. He may receive the payout as a whole amount or in predetermined monthly instalments. 
  • The return of premium option enables a customer to get back all the premiums that he has previously deposited if he survives until the policy's maturity.

Benefits of IndiaFirst Life Guaranteed Protection Plan

Let us take a look at the benefits offered under the IndiaFirst Life Guaranteed Protection Plan:

  1. Coverage Options

    The IndiaFirst Life Guaranteed Protection Plan offers a host of following coverage options that are innovative:

    • Life option
    • Life plus option
    • Incidence coverage option
    • Long term care option
    • Return of premium option
    • Dual protect option
    • COVID-19 Cover
  2. Cover Against Terminal Illness

    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.

  3. Protection Against Inflation

    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.

  4. Critical Illness Covered

    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.

  5. Return of Premium Option

    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.

  6. Dual Protect Option

    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.

  7. Accidental Death Cover

    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.

  8. Tax Benefits

    The plan provides tax benefits as per applicable tax laws.

    Note: Tax benefit is subject to changes in tax laws. Standard T&C apply.”

Documents Required to Buy IndiaFirst Life Guaranteed Protection Plan

The following documents are required to buy IndiaFirst Life Guaranteed Protection Plan:

  • Proof of identity
  • Proof of address
  • Passport size photographs
  • Details of customer's bank account

How to Buy IndiaFirst Life Guaranteed Protection Plan Online?

Listed below are the steps to be undertaken to buy IndiaFirst Life Guaranteed Protection Plan online:

  • Visit the official website of IndiaFirst Life Insurance.
  • Click on the “Buy online” button.
  • Enter the Birth Date, gender, and smoking habits of the customer and click on "Get Quote."
  • The policyholder must now input his financial information like annual income, employment status, etc., and opt for any rider benefits that he might want to add to the policy.
  • The Customers may now upload copies of all the documents requested.
  • By clicking on the “Pay” option, the customer can proceed to make an online transaction via any method he finds convenient.

Exclusion Under IndiaFirst Life Guaranteed Protection Plan

  1. Suicide

    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.

  2. Permanent Disability

    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.

  3. Critical Illness

    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.

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