Indiafirst Term Insurance
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  • Coverage till 99 years
  • Coverage for 20+ Critical Illnesses
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IndiaFirst Term Insurance Plans

IndiaFirst Term plans are designed to establish a strong financial net against inflation and potential capital-related exigencies. IndiaFirst Term Insurance offers a wide variety of insurance plans, including term plans, as part of its product offering. In the following sections, we will discuss the term insurance plans offered by IndiaFirst Life Insurance Company in detail.

IndiaFirst Life Insurance Term Plans in India

IndiaFirst Term Insurance offers a variety of term plans to satisfy the customer's needs. Let's take a closer look at the various types of IndiaFirst term plans:

Comprehensive Plan

IndiaFirst Life Guaranteed Protection Plan

A pure term plan insurance that offers flexible premium payment options, and innovative coverage features and return of premium option.

Unique Features

  • Return of Premiums of maturity
  • Coverage till 100 years
  • Spouse coverage under same plan

Life Guaranteed Protection Plan (Pros)

  • 1 Crore Cover
  • 3 Plan Options
  • WoP Premium for 40 Critical Illnesses

Life Guaranteed Protection Plan (Cons)

  • 1 Year WP For Suicide
  • No Rider Benefit
  • No Pre-Existing Conditions

Life Guaranteed Protection Plan (Other Benefits)

  • Whole Life Cover (Till Age 99)
  • WOP Option For Disability
  • Adjust SA With Life Stage

Life Guaranteed Protection Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50L
  • Maximum Maturity Age - 99 yrs
  • Premium Payment Term - 5 To 35 Years

Protection Plan

IndiaFirst Life Plan

A pure-term insurance plan offering comprehensive coverage at affordable rates, with options for premium payment throughout the policy term.

Unique Features

  • Life cover up to 40 years
  • Affordable premiums
  • Avail Tax Benefits

IndiaFirst Life Plan (Pros)

  • High Sum Assured Plan
  • Flexible Premium Payment
  • Inter Consultation Services

IndiaFirst Life Plan (Cons)

  • No HIV Cover
  • No Maturity Benefit
  • No Rider Benefit

IndiaFirst Life Plan (Other Benefits)

  • Multiple Premium Frequencies
  • Long Policy Term up to 40 Yrs
  • High Coverage from Rs.1 lakh to 50 cr

IndiaFirst Life Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 1L
  • Maximum Maturity Age - 70 yrs
  • Premium Payment Term - 5 To 40 Yrs

Protection Plan

IndiaFirst e–Term Plan

Online plan with 4 plan options offering coverage for the 1st & 2nd child's birth or adoption and home loan.

Unique Features

  • Critical Illness Protector Benefit
  • Disability Shield Benefit
  • Income Plus Benefit

e–Term Plan (Pros)

  • Accident Shield Benefit
  • Income Replacement Benefit
  • Disability Shield Benefit

e–Term Plan (Cons)

  • No HIV Cover
  • No Policy Loans
  • No Pre-existing Conditions

e–Term Plan (Other Benefits)

  • Marriage Cover
  • Accidental Death
  • Accidental Total and Permanent Disability

e–Term Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 55 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - 80 yrs
  • Premium Payment Term - SP

Key Features of IndiaFirst Term Insurance

Below enlisted are some of the essential parameters like Claim Settlement Ratio, Solvency Ratio, Annual Premium, etc. to help make you an informed decision before investing in insurance plans. Read along to find out about those parameters:

  • Annual Premium: Annual premium of the company allows the policyholder to get an insight into the company's growth and performance. As per the IRDAI Annual report 2021-22, the Annual Premium of IndiaFirst Life Insurance is 5,186.56 crore.
  • Solvency Ratio: Solvency ratio of the company allows you to get an insight into the company's ability to settle long-term debts. As per the IRDAI Annual Report 2021-22, the Solvency Ratio of IndiaFirst is 1.65%. (Mandated to be 1.5 % by the IRDAI).
  • Claim Settlement Ratio: A high claim settlement ratio ensures that your family receives the death benefits promised and is thus enabled to continue leading a life of their choice. As per the IRDAI Annual Report 2021-22, the CSR of IndiaFirst is 96.92%
Indiafirst Term Insurance Key Features

Need to know all about Indiafirst Term Insurance? Find complete details in one go!

Indiafirst Insurance Plans Why Buy Indiafirst Term Insurance? Sample Premium Buying Process Claim Settlement Process

Benefits of IndiaFirst Term Plans

IndiaFirst Term Insurance offers various benefits to the policyholders through its term plans to the customers. Let's take a look at the below-mentioned features of IndiaFirst Term Plans. Take a look:

  • Policyholders can equip their families and themselves against the demise of the primary earning member, accidental total permanent disability and critical/terminal illnesses.
  • Most term plans offered by IndiaFirst Life provide flexible premium payment, viz. Single, Regular or Limited Pay.
  • With the online purchase option, buyers can opt for comprehensive and personalized plans in an instant.
  • The death benefit payable by the insurance company is either done as lump-sum payouts or as monthly income for the family, depending on the plan option chosen by the policyholder at the time of inception.

Why Do You Need IndiaFirst Term Insurance

One should choose IndiaFirst Term Insurance to deal with life's uncertainties because the plan offers financial security for the policyholder's family and will help them with long-term needs after his passing. Here are some justifications for purchasing their term insurance.

  • Financial security for your family: A term insurance policy can provide financial security to your family in the event of your untimely death. With a term cover that is 10-20 times your annual income, your dependents will have the financial resources to cover their expenses and maintain their lifestyle.
  • Lower premiums: Compared to other insurance plans with an investment component, IndiaFirst term insurance plans are more superficial, straightforward and more cost-effective.
  • Protection of your assets: If you have made long-term life-goal purchases such as a house, car or your children's education through loans, getting them covered under India-first term plan pay-out will ensure that these do not become a liability for your family in your absence.
  • Protection of your family's lifestyle: IndiaFirst provides the option for a monthly or lump-sum payment, by getting a regular monthly income payout, you can ensure that your family's standard of living is maintained even in your absence.
  • COVID-19 claims are covered: The pandemic has cost millions of people their lives. With a critical illness and COVID-19 rider on IndiaFirst term cover, you can have peace of mind and insurance benefits to cover your medical expenses in case you are infected.
  • Meeting the certainties of life: Life is uncertain, instead of living in fear and confusion, you can ensure a lifetime of confidence with IndiaFirst term plans that have you covered against any circumstances.

Who Needs a IndiaFirst term Insurance Plan

Term insurance is an essential investment for the people, who have people dependent on them financially. Here is the list of people who should consider getting a term cover:

  • Newly-married couples: By getting an IndiaFirst term insurance plan, you can ensure that your spouse and dependents are provided for in case of the loss of the primary breadwinner. This policy will give your family financial security, and you can make it the first present you give your spouse.
  • Parents: Raising children comes with a lot of expenses that increase over time. By getting an IndiaFirst term insurance plan, you can ensure that your children have the financial backing to meet their long life goals, even if you are not around.
  • Singles/Young Professionals: Even if a person has no dependents, there are several benefits that make IndiaFirst Term Insurance a must-buy for singles and young professionals. Critical illnesses are not just a problem for the elderly, and getting a term plan early in life means that you will pay less premium for the same coverage and save money on tax.
  • Working Women: Women who share the responsibility of taking care of the financial health of their families. With the help of riders, common conditions like cervical and breast cancer can be better handled with funds from your term insurance plan.
  • Retired People: For retired individuals with dependents, a term plan is a wise decision. IndiaFirst-term insurance premium pay-outs are tax-free, which means you can leave a good amount for your children.
  • Tax Payers: Term insurance plans are a clever investment for all taxpayers, whether you are self-employed or in service. On claiming paid premiums as rebates under Section 80C, you can reduce your existing tax burden.

Sample Premium Illustration

To offer you an estimate on the premiums payable against a sum assured of Rs. 1 Crore, we have presented sample premium illustrations of term insurance plans offered by, IndiaFirst Life Insurance.

For this instance, we considered a 30-year-old, non-smoker male who has opted to assure a sum of Rs. 1 Crore for a policy period of 30 years. We have indicated the monthly premiums that this person will have to pay against each plan mentioned in the table below.

India First Life Guaranteed Protection

Sum Assured (in Rs.) 50 Lakhs 75 Lakhs 1 Crore
Premium Payable (in Rs.) 9,617 14,426 19,042

**Premiums calculated for a 30-year-old, non-smoker male, who opted for an India First Life Guaranteed Protection for a policy period of 50 years.

Online Term Plan

Sum Assured (in Rs.) 50 Lakhs 75 Lakhs 1 Crore
Premium Payable (in Rs.) 5,550 4,961 10,762

**Premiums calculated for a 30-year-old, non-smoker male, who opted for an India First Life Online Term plan for a policy period of 40 years.

How to Buy an IndiaFirst Life Term Insurance Plan?

Let's take a look at your options to invest in a best term insurance plan offered by IndiaFirst.

Buy via IndiaFirst Life Insurance Company

  • Visit the official website of the IndiaFrist Life Insurance Company.
  • Click on the tab 'Buy Online.
  • Choose your occupation, annual income and desired premium payment duration.
  • Fill in the requested details such as date of birth, smoking habits and gender.
  • Choose sum assured policy term and premium payment term.
  • Scroll down and click on 'Buy Policy Now'.
  • Fill in the required details and click on the tab 'Proceed'.
  • Confirm details and make the payment.
  • Once the payment is confirmed, the company will share the policy details via mail.

Buy via PolicyX.com

  • Scroll up to free quotes available at the top of this page.
  • Fill the form by submitting your basic details such as name, age, occupation etc.
  • Once done, click on the submit tab, and you will be then redirected to the quotes page.
  • Click on the plan you want to buy, and you will be then redirected to the company's official website.
  • Choose sum assured, policy term and premium payment term.
  • Scroll down and click on 'Buy Policy Now'.
  • Fill in the required details and click on the tab 'Proceed'.
  • Confirm details and make the payment.
  • Your policy details will be shared with you at your registered email address.

How To File a Claim Under IndiaFirst Life Insurance Policy?

With IndiaFirst Term Insurance, one can easily get their claim settled in 3 easy steps. The claim process is as follows:

1. Claim Registration

You can register your claim online by visiting the official website or you can avail of offline ways such as visiting the nearest branch and copies of all the required documents.

2. Claim Assessment

All your details will be scrutinised and you will receive an acknowledgement letter with a unique claim number to track the status.

3. Claim Settlement Within 15 Calendar Days

Once all the documents are submitted, the company will settle your claim within 15 days. Documents required to process Individual Life Claims are:

  • The policy document(s).
  • Claim form.
  • Copies of FIR, Post mortem report, Panchnama attested by police in case of unnatural death of the life assured.
  • The original death certificate or the attested copy of the death certificate.
  • Copy of bank passbook plus cancelled cheque.
  • Copies of age and identity proof of the life assured.
  • Copy of the hospitalization documents in case of death due to critical illness.
  • Copy of the ID and address proof.

How to Contact Indiafirst Life Insurance Company?

For Service: customer.first@indiafirstlife.com
For Claim: claims.support@indiafirstlife.com

Toll-Free Number: 1800 209 8700
(Monday to Saturday- 9 am to 7 pm.)

IndiaFirst Term Insurance: FAQ's

1. Does IndiaFirst term plans cover COVID deaths?

Yes, two of its term plans, viz. IndiaFirst Life Guaranteed Protection Plan and IndiaFirst Life Saral Jeevan Bima cover death claims arising out of COVID-19.

2. What is IndiaFirst's eligibility criteria for term insurance?

The minimum age for applying is 18 years and the maximum age for applying is 60 years*
The maximum age at the end of the plan is 99 years#
Minimum Sum Assured: Rs. 1,00,000. Maximum Sum Assured: Rs. 5,00,00,000

3. What is the claim settlement ratio of IndiaFirst Life Insurance Company?

The company maintained a CSR of 96.92% in the year 2021-22.

4. What is the maturity benefit offered with term insurance from IndiaFirst?

No, the current IndiaFirst Term Plans does not offer any maturity benefit. However, IndiaFirst Life Guaranteed Protection Plan offers a 'Return of Premium' option on surviving the policy term.

5. How I can pay the premium of IndiaFirst life insurance term plan? What are the modes of payment available?

You can pay the premium of the IndiaFirst Term plan through an online or offline medium. It offers the following modes of payment for paying the premium:

Through online Mode

  • Credit card
  • Debit card
  • Net Banking
  • ECS

Through Offline Mode

You can walk into the nearest branch of IndiaFirst Life Insurance to pay your premium.

6. How I can check the policy status of IndiaFirst Life term insurance plans?

Log in to your IndiaFirst Account using the designated User ID and password to check the status of your policy.

7. What is the procedure for canceling an IndiaFirst Life term insurance policy?

You can cancel a policy by filling out a duly filled surrender form and submitting it to the nearest branch office along with the surrender charges specified in the policy.

8. Do I have to pay the extra premium for the riders offered by IndiaFirst Life Insurance?

Yes, IndiaFirst Life Insurance term insurance riders are optional. You must pay an extra premium to receive the benefit of it.

9. What role does the IndiaFirst Life Insurance term insurance plan play in case of a critical illness?

If you are diagnosed with a critical illness, IndiaFirst Term Insurance will pay you a lump payment.

10. How does IndiaFirst Term Insurance differ from other term insurance plans?

These term plans stand out due to their unique features and benefits. The plan offers competitive premium rates, customizable coverage options, flexible payout choices, and additional riders such as accidental death benefits, critical illness cover, and disability benefits.

11. What are the term plans offered by IndiaFirst term insurance company?

The plans offered by the company are:

  • Online Term Plan
  • IndiaFirst Life Plan
  • IndiaFirst Life Guaranteed Protection Plan

12. IndiaFirst Life Insurance Term Plan is backed by which two banks?

The company is backed by two nationalized banks they are:

  • Bank of Baroda
  • Union Bank Of India

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Indiafirst Term Insurance Reviews

Read what our customers have to say about Indiafirst term insurance company

Customer Review Image

Prerna Kumari

Mumbai

July 11, 2022

Good company. Presents nice term insurance plans and flexible plans also. My husband has brought one for the family.

Customer Review Image

Priya Sangwan

Mumbai

July 11, 2022

IndiaFirst Term Insurance company ensures that your family s needs are looked after. One of the best companies offers a term plan per your needs.

Customer Review Image

Priya Jaiswal

Chennai

May 26, 2022

India First offers several term plans that ensure to look after your family s financial needs. Good plans with affordable rates.

Customer Review Image

Simran Kapoor

Kolkata

May 26, 2022

Very nice company. IndiaFirst offers several life insurance products that allow you to secure the financial needs of your family. Really satisfies with the plans offered,

Customer Review Image

Sameera qureshi

Hyderabad

September 29, 2021

Best company. Amazing products with amazing services. The products offered also is very good and affordable

Customer Review Image

Akshay Dewan

Delhi

September 29, 2021

Very good company. I choose to buy this company plan and that was a perfect decision. Super proud of my decision.

Customer Review Image

Nitish Kumar

Bengaluru

September 21, 2021

I bought term insurance from IndiaFirst. The premiums are very affordable, and the company is very nice.

Customer Review Image

Devender

Delhi

September 20, 2021

Its a good company. They have a good customer support team. Happy with my decision of buying this policy.

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