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Overview

IndiaFirst Life Insurance

IndiaFirst Life Insurance Company Limited is one of India's fastest-growing private life insurers, with a share capital of ₹754.37 crores. Since its establishment in 2009, IndiaFirst has been catering to customers' protection, savings, and retirement needs with its pocket-friendly and easy-to-understand products. IndiaFirst Life Insurance holds an impressive Claim Settlement Ratio of 97.04% as of March 31, FY 2022-23. The insurer's shareholders are the Bank of Baroda, Union Bank of India, and Carmel Point Investments India Private Limited. As of April 1, 2024, the insurer offered 29 life insurance products and 6 riders under the following categories: Participating, Non-Participating, Savings, Protection, ULIPs, Group Protection, and Corporate Funds plans. IndiaFirst has been rewarded with plenty of awards & accolades throughout its journey. For instance, in the Fest Leadership Awards 2023, they were awarded Best Customer-centric Company and the Economic Times's Best Brands in 2021.

IndiaFirst Life Insurance Company ensures to look after your insurance needs by offering:

Customer-centric plans
Pocket-friendly premiums
Tailor-made plans for every customer
Online available plans

COMPANY DETAILS

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Indiafirst Life

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Hdfc Pension Plans

Rating	Rating 4.6	Rating 4.6
Number of life insurance plans and add-ons	No. of Plans - ❯	No. of Plans - ❯
Annual Premiums Collected (2024-25)	Annual Premiums Collected (2024-25) ₹ 7218.09 crores	Annual Premiums Collected (2024-25) ₹ Rs 1 lakh to No limit
Payout Options	Payout Options Critical Illness Rider, Disability Rider, Accidental Death Rider, Terminal Illness Rider, Income Ben	Payout Options -
Claim ratio	Payout Options 98.04%%	Payout Options Minimum Age- 30 year%
Solvency Ratio	Solvency Ratio 2.00	Solvency Ratio 85 years
Pan India Presence	Pan India Presence 100+	Pan India Presence Annual, half-yearly,
Riders Available	Riders Available Term Insurance Rider	Riders Available 10 to 30 years
Policy Term	Policy Term 5 to 76 years	Policy Term 10 to 40 years
Inception year	Inception year -	Inception year -
Complaint ratio per ₹1 crore of premium collected	Complaint ratio per ₹1 crore of premium collected -	Complaint ratio per ₹1 crore of premium collected -
Average claim settlement time	Average claim settlement time -	Average claim settlement time -
IRDAI registration number	IRDAI registration number -	IRDAI registration number -
Awards and recognitions	Awards and recognitions -	Awards and recognitions -

Riders

Riders You Can Avail With IndiaFirst Life Insurance Plans

Name of the rider	Benefits
IndiaFirst Term Rider	This rider enhances your life cover with extra coverage at affordable prices. In case of the policyholder's demise during the policy tenure, additional benefits are paid to their nominee.

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