Indiafirst Investment Plans vs Tata Aia Life

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Indiafirst Investment Plans vs Tata Aia Life

Indiafirst Investment Plans

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

Tata Aia Life

TATA AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. TATA Sons holds a majority of stake at 74%, and AIA holds 26%.

COMPANY DETAILS Edit IndiaFirst Investment Plans

Indiafirst Investment Plans

Edit TATA AIA Life Insurance

Tata Aia 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)

445.03 Cr
Payout Options

Payout Options

-

Payout Options

Lump sum, monthly or a combination of both
Claim ratio

Claim ratio

Minimum Age - 5 year%

Claim ratio

99.01%
Solvency Ratio

Solvency Ratio

75 years

Solvency Ratio

1.9.
Branches

Branches

Annual, half-yearly,

Branches

317+
Riders Available

Riders Available

Minimum term - 6 years Maximum term - 30 years

Riders Available

Waiver of Premium Rider, Accidental Death Rider, Accidental Disability Rider, Critical Illness Rider
Policy Term

Policy Term

6 to 30 years

Policy Term

10 to 40 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 TATA AIA Life Insurance Plans

Name of the rider Benefits
Tata AIA Waiver of Premium Rider It will waive all future premiums and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of critical illness.
Tata AIA Accidental Death Rider Offers financial help to your dependents in addition to base policy benefits in case of the policyholder’s death due to an accident.
Tata AIA Accidental Disability Rider This rider offers financial benefits in case the policyholder becomes partially or totally disabled due to an accident.
Tata AIA Critical Illness Rider In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.

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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.