Indiafirst Life Insurance

About IndiaFirst Life Insurance

IndiaFirst Life Insurance Company started out as a joint venture between two public sector banks of India - Bank of Baroda and Andhra Bank (now Union Bank Of India), and one of the UK's financial and investment companies Legal & General. With its incorporation in November 2009, IndiaFirst Life established its headquarters in Mumbai.

India First Insurance Company offers several products that are designed to cater to the various needs of every individual and also provides various investment options. A diversified suite of over 42 need-based products (as of 31st March 2021) catering to varied customer segments, leveraging multiple distribution capabilities and augmenting various investment options. In all, propositions under the categories of Protection, Assured Savings, Wealth, Pension, Health, and Group Funds for Employee Liabilities. The company continues to be one of the fastest-growing private insurance players in the industry with a 5-year-CAGR of 32% (individual new business APE) which is approximately 2.8 times that of the overall life insurance industry in India.

Key Features of IndiaFirst Life Insurance

Below are some of the essential parameters like Claim Settlement Ratio, Solvency Ratio, Annual Premium, etc. to help make you an informed decision before investing in insurance plans. Read along to find out about those parameters:

Types Of Plans Offered By IndiaFirst Life Insurance

The company offers multiple plans that take care of your family in your absence or look after your needs in the golden years of your life.

Take a look at the below table to explore all the plans offered by the company.

1. IndiaFirst Term Insurance Plans

   Perhaps the biggest worry a family provider has is their loved one's financial stability in his/her absence. Term Insurance plans are designed as a saviour for such situations, where the insured person will be covered for a certain duration, wherein if (s)he dies, the nominee will receive the death benefit along with other benefits as per the insurance plan.

   Plan	Entry Age	Maximum Maturity Age	Policy Tenure
   e-Term Plus Plan	18-65 years	80 years	40 Years for all coverage options.
   IndiaFirst Life Plan	18-60 years	70 years	5-40 years
   IndiaFirst Life Guaranteed Protection Plan	18-65 years	NA	1 month to 81 years

   Know More About: IndiaFirst Term Insurance Plans

2. IndiaFirst Pension Plans

   You can continue to live a carefree life even after your retirement with pension plans to back up your living expenses. This will not just help you maintain your living standards but will also allow you to fulfill all your desires by investing wisely and monitoring the investments on a timely basis. Let's find out more about them.

   Plan Name	Entry Age	Minimum Annuity	Maximum Annuity
   Guaranteed Pension Plan	45-80 years	Rs. 1000	Rs. 12,000
   Guaranteed Retirement Plan	25-70 years	NA	NA
   Immediate Annuity Plan	0-80 years	Rs. 1000	Rs. 12,500
   Guaranteed Annuity Plan	40-80 years	Rs. 1000	Rs. 12,500

3. IndiaFirst Child Plans

   You can fulfill your child's dream with the help of child plans. These plans offer you regular guaranteed payouts that will help you secure your child's future even in your absence. This comprehensive financial protection will help them achieve the key milestones of their lives without any financial burden. Let's find out more about the plan.

   Plan Name	Entry Age	Maturity Age	Premium Payment Tenure
   Guaranteed Pension Plan	21-45 years	65-70 years	7-14 years

4. IndiaFirst Investment Plans

   If you want a financial cover that gives insurance for life along with endless returns, then this is your saviour. With investment plans, you can invest in your choice of funds and get market-linked returns. Some of the plans under this policy are:

   Plan Name	Entry Age	Maturity Age	Policy Tenure
   Life Wealth Maximizer Plan	5-65 years	18-75 years	10-70 years
   Money Balance Plan	5-65 years	18-90 years	10/15/20 years
   Smart Save Plan	0-65 years	18-99 years	10/15/20/25 & 30 years

How To File a Claim Under IndiaFirst Life Insurance Policy?

With IndiaFIRST Life Insurance, one has the option to register for a claim via any of the subsequent channels:

• Register your claim online through the official website.
• Or you can avail for offline ways such as visiting the nearest branch along with copies of all the required documents.

The claim process is as follows:

• Claim Registration
• Claim assessment, where all your details will be scrutinised and you will receive an acknowledgement letter with a unique claim number to track the status.
• Claim Settlement within 15 calendar days

Documents required to process Individual Life Claims are:

• The policy document(s)
• Claim form
• The original death certificate or the attested copy of the death certificate
• Copy of the ID and address proof
• Copy of bank passbook plus cancelled cheque
• Copies of age and identity proof of the life assured
• Copies of FIR, Post mortem report, Panchnama attested by police in case of unnatural death of the life assured
• Copy of the hospitalization documents in case of death due to critical illness

How To Contact IndiaFirst Life Insurance Company