IndiaFirst Life Insurance is a renowned name in the life insurance industry. It is a joint venture between Bank of Baroda, Andhra Bank and UK's financial and investment company Legal & General. The company was founded in 2009 and has its headquarter in Mumbai. The company is offering multiple life insurance products starting from pension plans, life insurance, child insurance, savings plans and much more to cater to the different needs of customers. The company carries a good claim settlement ratio and has already spread its wings all over India.
The company aims for delivering the best products to its customers by taking all their needs in mind that why the company is offering Protection, Assured Savings, Wealth, Pension, Health and Group Funds for Employee Liabilities plans.
|Business Line||Life Insurance|
To deal with the needs of the growing age, the company has come out with multiple pension products. Below is the list of IndiaFirst Insurance Pension Plans:-
This pension plan allows you to live your life on your terms. It is a guaranteed financial protection plan for your post-retirement days. With this plan, you will get guaranteed returns for the initial years. This plan provides the opportunity to further build corpus through the bonus. There will be multiple options to invest at your own pace - regular, limited or single premiums. Along with the protection for your retirement days, this pension plan will also offer tax benefits under section 10 (10A) of the Income Tax Act.
|Entry Age||25 - 80 years|
|Premium Payment Mode||Regular, limited and single|
|Premium Frequency||Monthly, quarterly and Half Yearly|
|Sum Assured||500000- minimum|
IndiaFirst Immediate Annuity Plan is a form of pension plan that allows you to maintain the choice of lifestyle even after retirement. This plan will assist you to deal with healthcare costs and staying ahead of inflation. The retirement allows you to choose any retirement age between 40 to 80 years. It carries a joint-life option through which you can provide the needful support to your spouse with the help of annuity even in your absence as well.
|Entry Age||18 - 80 years|
|Minimum Annuity Installment||Rs.1000|
|Minimum Premium||Rs. 3,00,000|
|Annuity Installment Frequency||monthly, quarterly, half-yearly, and annually|
This IndiaFirst Pension plan is designed to offer assured regular income throughout the lifetime. This plan will help you to deal with the healthcare costs and allows you to stay ahead of inflation throughout your post-retirement days. This plan allows you to support your loved ones even in your absence as well. With this pension plan, you will stay protected from critical illness.
|Entry Age||40 - 80 years|
|Minimum Premium||Rs. 100000|
|Minimum Annuity||Rs. 1000|
IndiaFirst Life Insurance is a renowned name in the life insurance industry. IndiaFirst Life Pension Plans is a kind of gift for retirees to have a secured retirement. All retirement plans by IndiaFirst Life Insurance Company is offering multiple life insurance products to deal with various needs of customers. Out of all, pension plans seem to be on the top of the list. IndiaFirst Life Insurance Pension Plans is carrying all the required features that it should be. All such features make it quite worthy of adding in your investment portfolio. IndiaFirst Retirement plans are designed in a way to offer the much-required comfort for your post-retirement life. IT allows you to have an enjoyable retirement with the required funds to deal with all expenses and liabilities as well. The company is running a successful business and can be trusted easily for your pension plan purchase.
With the growing age and the inflation rate, it is becoming quite hard to deal with all expenses and living a stable and independent life during post-retirement days. Apart from this, healthcare cost is rising and people can't rely on their savings only to deal with any medical emergency. And during post-retirement days when there will be no income, how will you manage the same. that's why it is important to invest in a pension plan so that we can have a regular income in hand to deal with all liabilities, expenses and medical emergencies during post-retirement days. As IndiaFirst Insurance is offering multiple products, it becomes easier for you to choose the best pension plan out of all the available options.
Fund Value is the total number of units under the funds and the corresponding NAVs.
It is the period between the date of subscription to an insurance-cum-pension policy and the date on which you receive the first installment of pension. Such policies generally prescribe a minimum and maximum limit on the deferment period.
The date on which the settlement of insurance coverage comes to a stop and on which the survival benefits are payable.
In case you don't want to continue the policy, you have got the option of returning the authentic coverage, within 15 days from the date of receipt of the policy.
You can surrender insurance before maturity. A policy acquires surrender cost and payout of the give up value could be depending on the particular product class & capabilities.
Last updated on 26-08-2020