The IndiaFirst Life Online Term Plan is a non-linked, non-participating term plan that guarantees financial stability even in unfortunate circumstances. It is a pure protection plan that a customer may purchase for the well-being of the family. The individual may be a victim of accidental death or disability. This plan can be directly bought online and has 8 coverage options for the customers.
The table below shows the eligibility criteria of IndiaFirst Life Online Term Plan:
Parameters |
Details |
|
 |
Minimum |
Maximum |
Policy Tenure |
5 years |
40 years |
Premium Paying Term |
Single (lump sum) |
Regular (monthly, quarterly, annual, or semi-annual) |
Sum Assured |
Rs 10 lakh |
Rs 50 crore |
Premium Payment Frequency |
Single – One Time payment as a lump sum amount Regular – Monthly, Quarterly, Annually, or Semi-Annually |
Let us take a brief understanding of the features offered under the IndiaFirst Life Online Term Plan:
Next, let us take a brief understanding of the benefits of IndiaFirst Life Online Term Plan:
The following are the coverage options:
The policyholder is protected from rising inflation every year as they can enhance their coverage by 5% at the end of each financial year. This provides them with the means to combat the effects of inflation and ensures financial stability even in economically troubling situations.
This guarantees the policyholder of IndiaFirst Life Online Term Plan a single time, lump sum amount if he is diagnosed with a critical disease. It should, however, be a confirmatory diagnosis.
The Accidental Shield Benefit Option ensures that an additional amount is made payable to the policyholder in case of death because of an accident. This amount is exclusive of the sum assured that the beneficiaries will receive.
Similarly, the Disability Shield Benefit ensures that an additional amount is made payable to the policyholder in case of disability. The disability can be due to an accident and so forth.
The policyholders of IndiaFirst Life Online Term Plan may avail of long-term benefits by choosing this option. It ensures monthly instalments to meet the costs of medication and treatment of degenerative diseases like Multiple Sclerosis.
This option guarantees coverage against untimely death due to the viral infection COVID-19.Â
The plan also offers tax benefits as per the current governmental regulations.
Note: Tax benefit is subject to changes in tax laws. Standard T&C apply.
Listed below are the documents required to purchase IndiaFirst Life Online Term Plan:
The customer will need to undertake the following steps to buy IndiaFirst Life Online Term Plan Online:
The exclusion for the IndiaFirst Life Online Term Plan is mentioned below:
If a policyholder commits suicide within 12 months of the beginning of the policy, he will be automatically excluded from the policy.
If the disability is caused due to unnatural events, such as alcohol abuse, indulging in dangerous sports that might be life-threatening, self-injury, etc., the policyholder will be excluded from the policy.
If the terminal illness is proved to be caused by circumstances such as drug abuse, self-injury, congenital abnormalities, etc., the policyholder will be excluded.
Note: Check all the best term insurance plan in India.
Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.
˜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. 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.
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