Indiafirst Investment Plans vs Reliance Life

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  • Multiple sum assured options
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Indiafirst Investment Plans vs Reliance Life

Indiafirst Investment Plans

IndiaFirst Investment Plans helps policyholders to create wealth that will help them fulfill their future financial goals.

Reliance Life

Reliance Life Insurance offers a wide range of life insurance products across categories like term insurance, savings and investment plans, retirement plans, health plans, child plans, ULIP plans, and NRI plans.

COMPANY DETAILS Edit IndiaFirst Investment Plans

Indiafirst Investment Plans

Edit Reliance Nippon Life Insurance

Reliance Life

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

000 to No limit

Annual Premiums Collected (2023-24)

5122 Cr
Payout Options

Payout Options

-

Payout Options

Lump sum, regular frequencies or a combination of both
Claim ratio

Claim ratio

Minimum Age - 5 year%

Claim ratio

98.74%
Solvency Ratio

Solvency Ratio

75 years

Solvency Ratio

2.2
Branches

Branches

Annual, half-yearly,

Branches

713+
Riders Available

Riders Available

Minimum term - 6 years Maximum term - 30 years

Riders Available

Major Surgical Benefit Rider, Critical Condition Rider, Family Income Benefit Rider, Accidental Disability Rider
Policy Term

Policy Term

6 to 30 years

Policy Term

5 to 30 years

Know More About Companies

Overview

IndiaFirst Investment Plans: Overview

IndiaFirst Life Insurance is one of the fastest-growing life insurers that offers a range of insurance products including term insurance plans, child plans, investment plans, retirement solutions, and much more.

IndiaFirst Investment Plans helps you grow your wealth over a period along with a financial cover that protects your family in case of the policyholder's unfortunate demise during the policy tenure. There are various different investment plans offered by IndiaFirst and you can opt for the one that best suits your needs.

IndiaFirst Investment Plans ensures to look after your investment needs by offering:

why-choose
  • Guaranteed Income

  • Choice of Payout Option

  • Flexible Payment Terms

  • Tax Advantages

Riders

Riders You Can Avail With Reliance Life Insurance Plans

Name of the Riders Benefits
Reliance Life Major Surgical Benefit Rider Under this rider, the customers get coverage for the 33 different categories of surgeries, which include major surgeries such as open heart, kidney transplant, and lung transplant.
Reliance Life Critical Condition Rider Under this rider, the customer gets a lumpsum payout if diagnosed with any critical illness among the 25 listed diseases.
Reliance Life Family Income Benefit Rider This rider provides regular income to the policyholder until the rider's tenure if the policyholder is diagnosed with any critical illness or permanent disability that affects the policyholder's earning ability for more than 6 months.
Reliance Life Accidental Disability Rider Under this rider, all the future premiums of term plans will be waived off if the policyholder has any disability due to an accident and can't earn for more than six months.

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IndiaFirst Investment Plans helps policyholders to create wealth that will help them fulfill their future financial goals.

Investment Plan Plans

Investment Plan

IndiaFirst Life Wealth Maximizer is a unit-linked, non-participating savings insurance plan offered by Indiafirst Life Insurance. It is designed to pr...

Unique Features

  • 7 different fund options
  • 3 different investment strategies
  • Partial withdrawal option

IndiaFirst Life Wealth Maximizer (Pros)

IndiaFirst Life Wealth Maximizer
  • 7 different fund options
  • 3 different investment strategies
  • Partial withdrawal option

IndiaFirst Life Wealth Maximizer (Cons)

IndiaFirst Life Wealth Maximizer
  • No Guaranteed Additions
  • No Premium Offset
  • Whole Life Cover Not Available

IndiaFirst Life Wealth Maximizer (Other Benefits)

IndiaFirst Life Wealth Maximizer
  • Loyalty addition and wealth booster benefits
  • Unlimited free switches and premium redirection options
  • Flexible policy and premium paying term

IndiaFirst Life Wealth Maximizer (Eligibility Criteria)

IndiaFirst Life Wealth Maximizer
  • Entry Age: Minimum Age - 5 year Maximum Age - 65 years
  • SA: Higher of: (10* Annualized Premium) or (0.5 * Policy Term * Annual Premium)
  • Maximum Maturity Age - 90 years

Investment Plan

IndiaFirst Life Money Balance plan offers investment plan and dual benefits- a life cover to protect your family financially and market-linked returns...

Unique Features

  • Wealth creation plan
  • Market-linked returns
  • Multiple fund options

IndiaFirst Life Money Balance (Pros)

IndiaFirst Life Money Balance
  • Flexibility of partial withdrawal
  • Expert-led investment strategy
  • Investment diversification

IndiaFirst Life Money Balance (Cons)

IndiaFirst Life Money Balance
  • No Guaranteed Additions
  • No Premium Offset
  • Whole Life Cover Not Available

IndiaFirst Life Money Balance (Other Benefits)

IndiaFirst Life Money Balance
  • Easy fund accessibility
  • Wealth creation
  • Tax benefits

IndiaFirst Life Money Balance (Eligibility Criteria)

IndiaFirst Life Money Balance
  • Entry Age: Minimum Age - 5 year Maximum Age - 18 years
  • SA: 25 times the annualized premium
  • Maximum Maturity Age - 75 years

Investment Plan

Secure your future with the IndiaFirst Smart Save plan: Invest smartly and watch your wealth grow.IndiaFirst Smart Save Plan is a unit-linked life ins...

Unique Features

  • Choice of Fund Options
  • Partial Withdrawal
  • Life Cover Protection

IndiaFirst Life Smart Save (Pros)

IndiaFirst Life Smart Save
  • Choice of Fund Options
  • Partial Withdrawal
  • Life Cover Protection

IndiaFirst Life Smart Save (Cons)

IndiaFirst Life Smart Save
  • Suicide within 12 months not covered
  • Consumption of any intoxicants
  • Death due to any aviation accident

IndiaFirst Life Smart Save (Other Benefits)

IndiaFirst Life Smart Save
  • Flexible premium payment terms
  • 4 Unit-linked fund options
  • Convenience of choosing your investment funds

IndiaFirst Life Smart Save (Eligibility Criteria)

IndiaFirst Life Smart Save
  • Entry Age: Minimum Age - 5 year Maximum Age - 65 years
  • SA: 125% of Single Premium
  • Maximum Maturity Age - 75 years
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.