India First Life Insurance company is a joint venture between Bank of Baroda (44% stake), Andhra Bank (30% stake) and UK`s leading risk, wealth and investment brand Legal & General group (26% stake). India First life insurance launched by President Pranab Mukherjee in 2010. An especially younger insurance company, India First Life has its headquarters in Mumbai. However, it has a huge reach, with branches in over a thousand towns in India. Together with their promoters, this joint venture combines over 360 years in the finance and insurance industry. It also has a community of more than 8000 branches and greater than 50 million customers across India.
Their considerable experience of banking, wealth and financial control additionally includes a greater understanding of purchaser needs. As a result, India First Life Insurance offers an extensive variety of policies that includes health, protection, retirement, financial savings and wealth. With a team such as the best and brightest minds in the area, India First Life Insurance gives its clients top class service.
The company's innovative financial solutions pull them closer to their customers' desires and makes them a main participant in the competitive Indian insurance marketplace.
India First Life Insurance has additionally received several awards that provide popularity to the company when it comes to insurance industry.
Best Customer Centric Employee Engagement: For internal employee loyatly program the Customer Experience Awards by Zendesk
2016: Most Talented Marketing Professional (Financial Service Sector): Rushabh Gandhi recieves the award at the Financial Services Marketing Summit Awards
2016: Best Disruptive Tech Solution: Product of the year- Automationat the Disruptive Tech and Innovation Awards.
2016: Marketing Capability Award:Best Brand Loyalty Marketing Campaign “Because” at The Asian Customer Engagment Forum And Awards
2016: Best Pr Case Study: Campaign – Happy India, 2015 “Gold for Best PR case study” at the 8th Global Communication Conclave
2015: Best Community Program Leadership-Campaign – Happy India, 2015 Responsible Business awards for excellence in CSR & Sustainability
2015: Best Csr Impact Initiative Award-Campaign – Happy India, 2015 National Awards for Excellence in CSR and Sustainability.
2015: Innovation: India First CSC Shubhlabh Plan, 2015 for innovation by FINNOVITI 2015 Conference and Awards.
2015: INNOVATION: Model Insurer Asia Category Winner for implementing a system to enable policy issuance over the counter for the mass market at Celent Model Insurer Asia.
2015: Best CSR Campaign Of The Year: Campaign – “Happy India, 2015 Grand Prix Award” at 5th Asia Customer Engagement Forum and Awards.
2015: Best Media Relations/ PR Category Campaign – Happy India, 2015 For excellence in CSR at Asia Customer Engagement Forum and Awards.
2015: Marketing Team Of The Year: For excellence in Branding and Marketing at 5th Asia Customer Engagement Forum and Awards.
India First Guaranteed Retirement Plan is a guaranteed financial protection plan for your life after retirement. It offers you the option to earn guaranteed returns for the initial years in the plan and an opportunity to further build your retirement corpus through bonus, thereon.
The Immediate Annuity Plan is designed to help you maintain your choice of lifestyle post retirement. It helps you cope with your health-care costs and stay ahead of inflation.
Guaranteed peace of mind – earn assured returns and strengthen your finances
Stay ahead of inflation through your consistently growing retirement corpus with bonuses in the latter years.
Multiple options to invest at your own pace – regular, limited or single premiums
Start early and build a corpus for the future.
You are eligible for tax deductions on premiums paid under this plan as per Section 80 (CCC) of the Income Tax Act, 1961 as per Income Tax Laws.
Minimum age for application (first annuitant) is 40 years for new members; 0 years for existing pension members/beneficiaries of India First Life Insurance
Minimum age for application (second annuitant) is 18 years
Maximum age for application (first/second annuitant) is 80 years
Minimum premium is Rs.3,00,000 while maximum premium is limitless
Minimum annuity installment per month is Rs.1000 and for a year is Rs.12,500
Annuity installment frequency is monthly, quarterly, half-yearly, and annually
A retirement plan guarantees your monetary safety even after your retirement. It gives a solid and established income, in the end of the investment that you make.
The earlier the better. Begin early to advantage an extended funding horizon. The earliest you may put money into a retirement plan is at 18 years.
You get to experience tax benefits at the premium you make investments in addition to the maturity of these, beneath phase 80C and segment 10(10D) as in line with triumphing Income tax laws.