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.
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
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 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.
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.
Last updated on 06-11-2020