IndiaFirst Investment Plans
IndiaFirst Life Wealth Maximizer is a unit-linked, non-participating s ...Read More
A quick read on what this IndiaFirst Investment Plans term plan covers and why it might be a fit for you.
IndiaFirst Life Wealth Maximizer is a unit-linked, non-participating savings insurance plan offered by IndiaFirst Life Insurance. It is designed to provide the dual benefits of investment and insurance coverage. With a minimum entry age of 5 years and a maximum entry age of 65 years, this plan comes with a maturity age of 90 years. For maximum return on investment, this investment plan contains seven different funds to offer investment options for your portfolio.
IndiaFirst Life Wealth Maximizer Plan offers a range of benefits, including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the IndiaFirst Life Wealth Maximizer Plan works with a simple premium illustration.
Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.
His financial advisor advised him to buy the IndiaFirst Life Wealth Maximizer plan. He visited PolicyX.com
Let's understand how the IndiaFirst Life Wealth Maximizer Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
| 30 years | Rs 50,000 | 20 years | 5 years | Rs 5,74,167 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 5,74,167 are paid to the policyholder.
There are various benefits to buying the IndiaFirst Life Wealth Maximizer Plan. Let’s understand each of them in detail:
Maturity Benefits: At maturity, the policyholder will receive the fund's value, including top-up and all additions to date.
Loyalty Additions: After the sixth policy year commences, this plan starts adding loyalty to your investment.
Profit Booster: A profit booster is added at the end of every 5th policy year, starting from the end of the 10th policy year.
Tax Benefits: Increase your savings by claiming the tax benefits applicable as per the Income Tax Laws 1961.
Key features that make IndiaFirst Life Wealth Maximizer stand out.
Partial Withdrawal
Partial withdrawal starts from Rs. 10,000 up to 25% of the fund value after completing the 5th policy anniversary.
Switching
Multiple switches are allowed, starting from Rs. 5,000 with no upper limit, between funds for the whole policy tenure.
Grace Period
The Wealth Maximizer Plan offers a grace period of 15 days for monthly premium payments and 30 days for quarterly, half-yearly, and yearly payments. This allows you to pay missed premiums without heavy charges.
Free-Look Period
The Wealth Maximizer Plan offers a 15-day free-look period to policyholders to review the terms and conditions. Policyholders can also cancel their policy within this free-look period.
Keep these documents handy when applying for IndiaFirst Life Wealth Maximizer.
Photo ID Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Any one of the following: Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Any one of the following: Utility bill, passport, voter ID, ration card.
Medical Records
Medical records of the policyholder, if requested.
Income Proof
Any one of the following: Bank statement, last three months' salary slips (if salaried).
Given below are some exclusions of the IndiaFirst Life Wealth Maximizer Plan:
Here are the key features of the IndiaFirst Life Wealth Maximizer.
| What’s Good Here | What’s Missing |
| Switching or Redirecting Premiums | Guaranteed Additions |
| Life Cover | Premium Offset |
| Choice of 7 Fund Options | Whole Life Cover |
| Flexibility to withdraw funds partially | No Auto Cover Continuance |
If you are looking for a savings plan that provides a good return on your investment and life cover protection, you can choose the IndiaFirst Life Wealth Maximizer plan. If you are still confused about whether the Wealth Maximizer plan is right for you, you can contact us at PolicyX.com. One of our insurance experts will reach out to you shortly, understand your requirements, and help you choose a plan that best fits your needs.
The 4 most-asked questions about IndiaFirst Life Wealth Maximizer, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
Select a company and plan for each side to see a detailed side-by-side comparison.
Rated by 65 customers
Select Your Rating
Let us know about your experience or any feedback that might help us serve you better in future.
Do you have any thoughts you'd like to share?
5-min consultation · No spam · No pushy sales
ChatGPT
Claude
Perplexity