Overview
Secure your future with the IndiaFirst Smart Save Plan: Invest smartly and watch your wealth grow. The IndiaFirst Smart Save Plan is a unit-linked life insurance endowment plan. It helps you build wealth with market-linked returns and offers security with a life cover. With the Smart Save Plan, you can choose from 4 different fund options as per your risk appetite.
You can easily make the most of your premiums by 'redirecting your premium' from one fund to another. The investment plan has a flexible premium payment option that allows you to pay premiums on a regular, limited, or single-pay basis. If you survive throughout the policy term, you'll receive the accumulated fund value in a lump sum or monthly installments as per the chosen payout option.
Key Benefits
The IndiaFirst Smart Save Plan offers a range of benefits including:
- Flexible premium payment terms
- 4 unit-linked fund options
- Convenience of choosing your investment funds
- Tax benefits
- Choice of maturity benefit payout
Key Features
Switching
You are allowed 2 free switches every month, i.e., 24 free switches a year. However, unused free switches cannot be carried forward to the next month/year.
Multiple Premium Paying Modes
There are multiple premium payment modes available including yearly, half-yearly, and one-time.
Multiple Maturity Options
On maturity, you may choose to:
- Receive the entire fund value as a lump sum payment
- Defer your maturity payment through the 'Settlement Option'
Premium Redirection
Under premium redirection, you can redirect your future investments towards a different fund or set of funds.
Benefits of the IndiaFirst Smart Save Plan
There are various benefits to buying the IndiaFirst Smart Save Plan. Let's understand each of them in detail:
- Death Benefit: On the policyholder's unfortunate demise while the policy is active or from the due date of the first unpaid premium till the expiry of the grace period, the nominee will receive the benefit under the policy equal to the higher fund value as on the date of death or the sum assured.
- Maturity Benefit: If you survive till the end of the policy term, you shall receive the full value of your funds. You have the flexibility to take maturity benefits either in a lump sum or through settlement options.
- Partial Withdrawal: The plan allows you to access your accumulated funds partially in case of any financial emergency after the five-year lock-in period.
- Switching or Redirecting Premiums: You can easily transfer your money from one fund to another by switching or redirecting your premium.
How to Buy the IndiaFirst Smart Save Plan on PolicyX.com
- Visit the official website of PolicyX.com.
- Hover on the 'Life Insurance' tab.
- Choose the Investment plan you want to buy.
- Fill out the form at the top of the page with the necessary details.
- Select your income and city. Click on 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click on 'Buy this plan'.
- Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
How to Buy the IndiaFirst Smart Save Plan from IndiaFirst Life Insurance
- Visit the official website of IndiaFirst Life Insurance.
- Hover over 'Life Insurance Plans' from the top of the menu.
- Click on the IndiaFirst Smart Save Plan.
- Click on 'Buy Now' and you will be redirected to a new page.
- Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
- Once discussed, you can make the premium payment and get the policy documents.
Exclusions
- Suicide within 12 months of the policy purchase is not covered.
- Consumption of any intoxicants.
- Death due to any aviation accident.
- Death due to any adventurous sports.
Documents Required to Buy IndiaFirst Smart Save Plan
Here is the list of documents required to buy the IndiaFirst Smart Save Plan:
Photo ID Proof
Photo ID Proof (either one): Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Age Proof (either one): Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Address Proof (either one): Utility bill, passport, voter ID, ration card.
Medical Records
Medical Records of the policyholder if requested.
Income Proof
Income Proof (either one): Bank statement, last three months' salary slips (if you are salaried).
Plan At a Glance
| What's Good Here |
What's Missing |
| Switching or Redirecting Premiums |
Guaranteed Additions |
| Life Cover |
Premium Offset |
| Choice of 4 Fund Options |
Whole Life Cover |
| Flexibility to withdraw funds partially |
No Auto Cover Continuance |
In a Nutshell
The IndiaFirst Smart Save Plan is a unit-linked life insurance endowment plan. It is an ideal plan for someone who wants to build wealth or is planning for early retirement. Feel free to reach out to us for any further assistance anytime.
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