Indiafirst Life Smart Save
vs
Lic Bima Diamond

  • Choose your coverage tenure
  • Multiple sum assured options
  • Enhance coverage with add-ons
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Indiafirst Life Smart Save vs Lic Bima Diamond

Indiafirst Life Smart Save

Secure your future with the IndiaFirst Smart Save plan: Invest smartly and watch your wealth grow.IndiaFirst Smart Save Plan is a unit-linked life insurance endowment plan. It helps you build wealth with market-linked returns and offers security with a life cover. With the Smart Save plan, you can c...

Lic Bima Diamond

LIC launched the Bima Diamond Plan (table No. 841) on September 19, 2016. This is a non-linked plan, i.e. it doesn't depend on the share market. It is a limited premium paying money-back plan in which the policyholder would be paying fewer premiums for a more extensive policy coverage period. It pro...

PLAN DETAILS

Indiafirst Life Smart Save


Lic Bima Diamond

Premium Including GST
Key Features
(Key features of the plan)
  • Choice of Fund Options
  • Partial Withdrawal
  • Life Cover Protection
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Choice of Fund Options Partial Withdrawal Life Cover Protection
  • Death Benefits
  • Auto Cover
  • Loyalty Addition
Plan Maturity age Maximum Maturity Age - 75 years Maximum Maturity Age - 65 years
Premium payment term 5,7 years 10 to 15 years
Plan Entry Age Minimum Age - 5 year Maximum Age - 65 years Minimum Age - 14 years Maximum Age - 45 years
Sum assured 125% of Single Premium Rs 1 lakh to Rs 5 lakh
Premium payment frequency Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure Minimum term - 5 years Maximum term - 70 years 16, 20, 24 years
Claim Settlement Ratio (2023-24) Minimum Age - 5 year 98.62

Know More About Plans

Overview

Secure your future with the IndiaFirst Smart Save plan: Invest smartly and watch your wealth grow.
IndiaFirst Smart Save Plan is a unit-linked life insurance endowment plan. It helps you build wealth with market-linked returns and offers security with a life cover. With the Smart Save plan, you can choose from 4 different fund options as per your risk appetite. 
You can easily make the most of your premiums by ‘redirecting your premium’ from one fund to another. The investment plan has a flexible premium payment option that allows you to pay premiums on a regular, limited, or single-pay basis. Once you survive throughout the policy term, you'll receive the accumulated fund value in a lump sum or monthly installments as per the chosen payout option.

IndiaFirst Smart Save Plan offers you a range of benefits including:

why-choose
  • Flexible premium payment terms
  • 4 unit-linked fund options
  • Convenience of choosing your investment funds
  • Tax Benefits
  • Choice of maturity benefit payout

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.