Launched in 2010 by the President of India, Mr. Pranab Mukherjee, IndiaFirst Life Insurance is one of India’s youngest life insurance companies. Headquartered in Mumbai, it is present in over 1000 cities across India. It is a renowned 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). Its promoters have been servicing the financial needs of the world for over 360 years and give access to a network of 8000+ branches and more than 50 million customers across India.
Best Customer-Centric Employee Engagement 2017-For internal employee loyalty program at the Customer Experience Awards by Zendesk
Chanakya Innovative Leadership Of The Year-PRCIFor making outstanding contributions to society through PR endeavors.
Individual Achievement Award 2017-ASSOCHAMThe changing dynamics of Insurance & Excellence Awards 2017.
Technology Initiative Of The Year Award-Insurance India Summit and Awards.For making real-time data availability across the organization through IBM CDC implementation
Social Inclusion Award-FintelektFor demonstrating excellence in terms of reach, business-volumes, focused product offerings and innovative business models.
Best Life Insurance Company-World HRD Congress in the private sector category
Best Life Insurance Company-National awards for Marketing Excellence_Times Network for excellence in BFSI
Capability For Innovation In Marketing- Bronze-Asian Customer Engagement Forum & Awards (ACEF) 2017For the much-followed and admired 'Because Life Happens' campaign
Digital Innovation Award-Express IT AwardsIn the Enterprise Mobility category for the Integrated Sales Platform (ISP) solution
It Leadership Award-Celent and Asia Insurance Review for the Integrated Sales Platform (ISP) tool conceptualized to define an efficient sales operating model
Bancassurance Leader Of The Year Award-National Awards for Insurance Excellence 2017.In the large companies category at the National Awards for BFSI Excellence 2017.
Best Use Of Digital Media In Insurance Award-Drivers of Digital Awards 2017.The win acknowledges disruptive and fresh approach towards engaging netizens
Human Resource Development & Management Award-Indian HR Convention in the Innovative L&D Programme category.
Human Resource Development & Management Award-Indian HR Convention in the engagement initiatives category.
Indian HR Convention Hdm Award-Indian Conventions- Conferences & Awards for the innovative L&D programme.
Indian HR Convention HDM Award-Indian Conventions- Conferences & Awards for best engagement initiatives.
Dual benefits: ULIPs offer both an investment option and an insurance cover, which in turn, helps you meet your life goals and keeps your family financially secure in your absence.
Automatic-trigger-based investment strategy: Your investment earnings are secured through an automatic transfer of relatively safe options that provide consistent returns. This feature is offered in the IndiaFirst Money Balance Plan and IndiaFirst Life Wealth Maximizer Plan.
Flexibility of investment: Choose to redirect your premium for either high or low-risk investment, depending on your goals while you also choose a payment schedule for premiums. Plus, you have the option to switch funds depending on the market conditions to maximize gains.
Multiple investment options: Based on your risk appetite for investing in equities, you could either choose to be aggressive, balanced, or conservative.
IndiaFirst Life Wealth Maximizer Plan
This plan gives you the flexibility to choose from seven different fund options as per your requirement. It also allows you to stay invested for a long term to grow with the market and beat inflation with exclusive add-on benefits - Loyalty Benefits, Profit Booster and Loyalty Advantage
IndiaFirst Money Balance Plan
The IndiaFirst Money Balance Plan is a unit-linked insurance plan, it gives you the best of both worlds – investment and security. With this plan, your money is automatically transferred to safer funds. It diversifies your funds and reduces risks while building a secure future.
IndiaFirst Happy India Plan
IndiaFirst Happy India Plan is an investment as well as a life insurance plan. It allows you to receive funds when you need it the most. It also takes care of your family in the face of uncertainties.
IndiaFirst Smart Save Plan
The IndiaFirst Smart Save Plan combines the benefits of both an insurance cover as well as a wealth builder. Depending on your risk appetite, it uses market-linked investments to help you save systematically and build your wealth portfolio.
Yes, you do get tax benefits on the premium as well as the maturity amount, under Section 80C and Section 10(10D) of the Income-tax Act, 1961 respectively, subject to certain terms and conditions. Tax benefits available are as per prevailing tax laws and tax laws are subject to change.
The charges under ULIPs include the premium allocation charges, policy administration charges, fund management charges, mortality charges, and surrender or discontinuance charges.