Benefits of IndiaFirst Term Plans
Lower Premiums
Compared to other insurance plans, IndiaFirst term insurance plans are more affordable.
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, you can get them covered under an IndiaFirst term plan. This plan helps in overall long-term financial protection.
Protection of Your Family's Lifestyle
IndiaFirst provides the option for a monthly or lump-sum death benefit payout. By getting a regular monthly income payout, you can ensure that your family's standard of living is maintained even in your absence.
Helps in Meeting the Uncertainties of Life
Life is uncertain. Instead of living in fear and confusion, you can ensure a lifetime of assured financial safety net with IndiaFirst term plans.
Rider Benefits
IndiaFirst term insurance policies come with add-on riders that help you enhance your coverage.
Eligibility Criteria for IndiaFirst Term Insurance Plans
To purchase an IndiaFirst term insurance plan in 2025, certain eligibility criteria must be met. Let's understand the eligibility criteria in detail.
Age
A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder’s age is a key factor in the term insurance plan’s premium.
Health Condition
Since an IndiaFirst term insurance plan insures the policyholder’s life, most insurance providers require a policyholder to undergo a health examination to determine their current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement.
Income
An IndiaFirst term insurance plan has no specified minimum income requirement. However, they might ask you for your bank statement copies and salary slips to determine the coverage on your term plan.
Smoking Habits
If you smoke or have been a smoker in the past, you must disclose this information to the insurer because smokers are exposed to severe health hazards like lung cancer.
Citizenship
Indian citizens can buy an IndiaFirst term insurance plan in India in their name. However, NRIs or PIOs can also leverage the benefits of a term insurance plan in India.
Additional Benefits Offered by IndiaFirst Term Plans
IndiaFirst Term Insurance Plans offer various additional benefits to policyholders.
Choice of Payout Option
IndiaFirst term plans such as IndiaFirst Life Elite Term Plan offer you the opportunity to choose the payout option that best suits your needs.
Longer Coverage Options
IndiaFirst Term Plans offer you longer coverage options to choose from as per your requirements.
Flexible Premium Payment Options
IndiaFirst Life Saral Jeevan Bima Plan offers you flexible premium payment options to choose from so that you can pay as per your needs.
Joint Life Option
IndiaFirst Life Guaranteed Protection Plus Plan offers you a joint life option to cover you and your spouse under a single plan.
Types of IndiaFirst Term Plans
There are various IndiaFirst term plans based on their features, policy tenure, benefits, etc. You can choose the one that best suits your requirements.
Basic Term Plan
Plan Name: IndiaFirst Life Saral Jeevan Bima Plan
These plans only provide a sum assured to the nominee in case of the policyholder's death. No survival benefits are included.
Term Insurance with Monthly Income
Plan Name: IndiaFirst Life Elite Term Plan
These plans offer monthly income to the policyholder’s dependents in case of the policyholder’s demise.
Riders You Can Avail With IndiaFirst Term Insurance Plans
You can avail of this rider with your IndiaFirst term insurance plans:
| Name of the Rider |
Benefits |
| IndiaFirst Term Rider |
This rider enhances your life cover with extra coverage at affordable prices. In case of the policyholder’s demise during the policy tenure, additional benefits are paid to their nominee. |
Documents Required to Buy IndiaFirst Term Insurance Policy
Here are the documents required to buy an IndiaFirst Term Insurance Policy:
- Photo ID Proof: Passport, Aadhaar card, PAN card, Driving license (any one).
- Age Proof: Passport, Aadhaar card, PAN card, Driving license (any one).
- Address Proof: Utility bill, passport, voter ID, ration card (any one).
- Medical Records: Medical records of the policyholder, if requested.
- Income Proof: Bank statement, last three months' salary slips (if salaried) (any one).
How to Calculate Premiums
- Visit the official website of IndiaFirst Life Insurance.
- Hover over ‘Term Insurance Plans’ and click on the desired plan you want to buy.
- A new page will be displayed.
- Click on ‘Get a quote’.
- Enter your details including your name, contact number, email address, gender, age, policy tenure, sum assured, etc.
- Your premium amount will be displayed.
- Pay the premium amount. You can use the IndiaFirst Term Insurance Calculator to calculate your premium amount.
How to File an IndiaFirst Term Insurance Plan Claim
The claim settlement process for IndiaFirst Term Plans is simple and hassle-free. The insurance provider gives you the option of settling a claim both online and offline. We have explained the process by which you can easily submit and settle your claim below:
Online Process
1. Claim Reporting
Report your IndiaFirst Term plan claim by hovering over the ‘Claim section’ and choosing the ‘Register a claim’ option.
2. Claim Review
IndiaFirst Life’s customer support staff will review your claim form and assist you at every step. Their staff will next evaluate your claim and notify you if any papers are still pending.
3. Claim Approval and Settlement
Your claim will be resolved once you have informed the insurer of your claim and the insurer has received all of the necessary documents.
Offline Process
The IndiaFirst term plan claim settlement procedure can be reported by visiting the local IndiaFirst Branch Office. For details on IndiaFirst Life Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.
How to Port Your Policy
- Fill out the form given at the top of this page with the necessary details.
- Select your income and city. Click on 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click on 'Buy this plan'.
- Select the policy term, premium period, and riders (if required), and then proceed to make the payment.
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