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IndiaFirst Guaranteed Protection Term Insurance Eligibility
Highlights
Claim Settlement Ratio | 96.81% |
Customer Care | 9:00 AM to 7:00 PM |
Death Benefit Paid For | 11,887 Policies |
Inception | 2009 |
Presence | 4,800 branches |
Total Death Benefit Paid | Rs. 310.71 Crore |
IndiaFirst Life Guaranteed Protection Plan Features
The key features under IndiaFirst Life Guaranteed Protection Plan comprise:
- Ultimate Financial Protection: The policy provides the family of the life insured with the ultimate financial protection they may require on the death of the sole breadwinner in their house.
- Multiple Cover Options: The policy comes in seven different plan options so as to cater to the diverse insurance requirements of policyholders. The 7 plan options are Life Option, Life Plus Option, Incidence Coverage Option, Dual Protection Option, COVID Cover, Return of Premium Option, and Long Term Care Option.
- Flexible Payouts: A policyholder is allowed to receive the death benefit payout as per their choice. The death benefit can either be received as a lump sum amount or in the form of a monthly income according to the coverage option chosen.
- Added Protection: The policy comes with the freedom to enhance the protection level by opting for additional riders.
- Tax Benefits: The policy provides tax benefits in adherence to the Income Tax Act, 1961.
IndiaFirst Life Guaranteed Protection Plan Eligibility Criteria
The eligibility criteria for IndiaFirst Life Guaranteed Protection Plan is as follows:
ELIGIBILITY |
CRITERIA |
Entry age |
Minimum: 18 years Maximum: 65 years |
Maximum Age at Maturity |
70 years |
Policy Term |
1 month to 81 years |
Sum Assured |
Minimum - Rs. 1 Lakh Maximum - Subject to board approved underwriting policy |
Premium Payment Term |
Single premium or limited premium |
Premium Payment Modes |
Yearly, Half-Yearly, Quarterly, Monthly, Single |
Key Inclusions and Exclusions of the Plan
What's Included
- Death benefit
- Terminal illness cover
- Multiple plan options
- Accidental death cover (additional)
- Tax benefits
What's Not Included
- Suicide or terminal illness within 12 months
- War, terrorism, invasion, etc.
- Committing a criminal offence
- Participating in adventurous activity
- Nuclear contamination
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IndiaFirst Life Term Insurance Contact Details
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IndiaFirst Life Term Insurance
1800-209-8700Mon to Sat 9:00 AM to 7:00 PM