Andhra Bank
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Toll Free Number: 1800 425 1515

Call 040-23122297 for Internet & Mobile Banking/ATM -24x7 Helpdesk or mail to us on adchelpdesk@andhrabank.co.in

Anytimers
 
IndiaFirst Life Insurance Company Ltd.
 
  •  

    We all work hard to fulfill our dreams – for ourselves as well as our loved ones. However, as we move on in life, our wealth creation and protection needs along with the amount of risk we can take changes. Hence, it is not only important to ensure that our hard earned money works hard for us; but is also kept safe for our future needs.

    Our IndiaFirst Money Balance Plan offers you an insurance cover on your life and additionally helps you earn and secure returns on the money that you invest with us. With our ‘automatic trigger based' investment strategy, we help you save systematically and transfer the earnings on your investment in a relatively safe fund that gives consistent returns. Most importantly, the life cover promises the sum assured in case of the life assured's untimely demise.

    With our IndiaFirst Money Balance Plan, you can now see your money do wonders for you!


    ELIGIBILITY CRITERIA
    Minimum Age at Entry 5 years
    Maximum Age at Entry 65 years
    Minimum Age on Maturity 18 years
    Maximum Age on Maturity 75 years
    Policy Term Single Premium – 5, 10, 15 and 20 years

    Regular Pay – 10, 15, 20 and 25 years

    Limited Pay – 7 years PPT - 10, 15, 20 and 25 years
    Premium Payment Term Single Premium
    Limited Pay - 7 years
    Regular Pay - 10, 15, 20 and 25 years
    Premium Frequency Single / Yearly / Half Yearly / Monthly
    Minimum Premium
      Monthly Half yearly Yearly
    Regular 1,000  6,000 12,000
    Limited 1,250  7,500  15,000
    Single 45000    
    Maximum Premium Monthly - 20,500
    Half yearly -
    1,25,000
    Yearly -
    2,50,000
    Minimum Sum Assured For Regular / Limited Premium
    1. Age < 45 years: Higher of ((10 x Annualized Premium) or (0.5 x Plan term x Annualized Premium))
    2. Age >= 45 years: Higher of ((7 x Annualized Premium) or (0.25 x Plan term x Annualized Premium))

    For Single Premium (SP)
    For Ages < 45 years: 125% of  SP
    For Ages m>= 45 years: 110% of SP
    Maximum Sum Assured
      Age Up to 44 45-50 51-55 56-60 61-65
    Regular 40 30 25 20 11
    Limited 25 15 11 11 11
    Single 55 1.1 1.1 1.1  
    BENEFIT STRUCTURE
    Death Benefit Higher of Fund Value or Sum Assured
    Maturity Benefit You receive the Fund Value
    Surrender Benefit After 5 Plan Years
    Surrender Benefit = Fund Value
    Tax Benefits  Yes under Section 80C
    OTHER BENEFITS
    Partial Withdrawal Yes, partial withdrawal can be availed after 5th plan year

    Min Amount - Rs. 5,000
    Max Amount under Regular/Limited - Up to 25% of the fund value, only if your fund is left with a minimum balance equal to 110% of your annual premium after the withdrawal

    Max Amount under Single - Up to 25% of the fund value, Fund value after the withdrawal should not be less than Rs. 45,000
    Revival Period 2 years
    Investment Portfolio Strategy ATBIS - Automatic Trigger Based Investment Strategy
    Fund Options Equity1 Fund
    Debt1 Fund
    Fund Switch Switches are free of charge.
    Two switches in a calendar month.
    CHARGES  
    Premium Allocation Charges Regular Premium / Limited Premium:

      yearly / Half yearly  Monthly
    Year 1 : 6.7%  5%
    Year  2-4:  4% 4%
    Year 5 and onwards 3.5% 3.5%

    Single Premium:    2%
    Policy Administration Charges Regular Premium / Limited Premium:
    1.8% of first year’s premium per annum inflating by 5% every plan year. This is subject to a cap of 5% of annual premium per annum or Rs. 6,000 per annum whichever is lower.

    Single Premium:
    1.20% of the single premium for the first ten years and 0% thereafter. This is subject to a maximum of Rs. 6,000 per annum
    Fund Management Charges All funds @1.35% p.a.
    Switching Charges / Redirection Charges / Partial Withdrawal Charges Nil
  •  

    The chances you take and the choices you make pave the way for your

    Whether you want to start a new line of business, take up a hobby or just begin reading a book, the best time to do that is right now.

    Similar is the case with financial planning, whether you want to accumulate wealth, protect your loved ones through life insurance cover or enhance your corpus, the best time to do it is NOW!

    Introducing, our IndiaFirst Life Wealth Maximizer Plan that provides life insurance cover as well as helps grow and accumulate wealth for you and your loved ones. This comprehensive plan will ensure that you not only achieve your financial goals but also earn enough market linked returns to build a legacy for your family. With this plan, you also get the opportunity to grow a systematic and exclusive portfolio given the multiple investment strategies and flexibility options chosen in your policy. This plan not only provides you with unique fund options but also a low cost structure to optimize your investments and returns. Most importantly it provides complete financial security for your family by providing a life cover as well. With our IndiaFirst Life Wealth Maximizer Plan you can create a lasting legacy in no time!

    With our IndiaFirst Life Wealth Maximizer Plan you can create a lasting legacy in no time!

    ELIGIBILITY CRITERIA
    Minimum Age at Entry 5 years
    Maximum Age at Entry
    55 years: In case of 5 year (PPT)
    65 years: In case of 10/15/20 year PPT
    65 years: In case of Single/ Regular Premium
    Minimum Age on Maturity 18 years
    Maximum Age on Maturity
    70 years: In case of 5 year (PPT)
    90 years: In case of 10/15/20 year PPT
    90 years: In case of Single/ Regular Premium
    Policy Term Single Premium – 5 to 30 years

    Regular Pay – 10 to 85 years

    Limited Pay
    5 Years PPT - 10 to 65 years
    10 years PPT - 15 to 85 years
    15 years PPT - 20 to 85 years
    20 years PPT - 25 to 85 years
    Premium Payment Term

    Single Premium
    Limited Pay 5 / 10 / 15 / 20 years
    Regular Pay (10 - 85 years)
    Premium Frequency Single / Yearly / Half Yearly / Quarterly / Monthly
    Minimum Premium
      Monthly Quarterly Half Yearly Yearly
    Regular / Limited 20,833 62,500 1,25,000 2,50,000
    Single 5,00,000      
    Maximum Premium No limit
    Minimum Sum Assured For Regular / Limited Premium
    1. Age < 45 years: Higher of ((10 x Annualized Premium) or (0.5 x Plan term x Annualized Premium))
    2. Age >= 45 years: Higher of ((7 x Annualized Premium) or (0.25 x Plan term x Annualized Premium))

    For Single Premium (SP)
    For Ages < 45 years: 125% of SP
    For Ages >= 45 years: 110% of SP
    Maximum Sum Assured For Regular / Limited Premium
    1. Age < 45 years: Higher of ((10 x Annualized Premium) or (0.5 x Plan term x Annualized Premium))
    2. Age >= 45 years: Higher of ((10 x Annualized Premium) or (0.25 x Plan term x Annualized Premium))

    For Single Premium (SP)
    For Ages < 45 years: 125% of SP
    For Ages m>= 45 years: 110% of SP
    Top up Premium Minimum : INR 10,000
    Top up Sum Assured
    Age < 45 years : 125 % of the top up premium
    Age >= 45 years : 110 % of the top up premium
    BENEFIT STRUCTURE
    Death Benefit

     

    Higher of Sum Assured plus top-up sum assured, if any, reduced by applicable partial withdrawals, if any or Fund Value including top-up fund value, if any  or 105% of the total premiums paid

    Maturity Benefit

     

    Option 1: Fund Value as a Lump sum payment (or)

    Option 2: Settlement Option
    - Postpone/re-schedule Maturity payment. (Opt for a settlement period starting from Maturity date to a maximum of 5 years and the maturity payment can be received in equal instalments over this specified period)

    Loyalty Addition

     

    Loyalty Benefit : at the end of every policy year as % of average fund value

    Regular / Limited Premium

    Premium Band 250,000 - 499,999 500,000 - 999,999 >1,000,000
    Policy Year 6 - 10 0.35% 0.35% 0.35%
    Policy Year 11 + 0.50% 0.75% 0.80%

    Single Premium: 0.25%  starting from end of 6th year onwards

    Loyalty Advantage: From the end of every policy year from end of 6th year till end of PPT

    Regular / Limited Premium

    Limited 5 Pay          0%
    Limited 10 Pay        0.10%
    Limited 15 / 20 Pay, Regular Pay       0.15%

    Single Premium : Not applicable

    Profit Booster : 1% of average fund value at the end of very 5th policy year starting from 10th policy year for policy terms of 15 years and above
    Single Premium : Not applicable

    Other Benefits

     

    Systematic Partial Withdrawal - Option to get regular amount from the corpus to take care of regular expenses, subject to viability conditions being met

    Surrender Benefit

     

    Plan age < 5 years: Discontinued Policy Fund
    Plan age >= 5 years: Surrender Benefit = Fund Value + Top-up Fund Value, if any

    OTHER BENEFITS
    Partial Withdrawal Yes, partial withdrawal can be availed after 5th plan year

    Min Amount - Rs. 10,000
    Max Amount - 25% of Fund Value
    Revival Period 2 years
    Investment Portfolio Strategy 1. Automatic Trigger Based Investment Strategy
    2. Age Based Investment Strategy
    3. Fund Transfer Strategy
    Fund Options Equity1 Fund
    Debt1 Fund
    Balanced1 Fund
    Index Tracker Fund
    Dynamic Asset Allocation Fund
    Equity Elite Opportunities Fund
    Value Fund
    Fund Switch Unlimited free switches
    CHARGES
    Premium Allocation Charges Regular Premium / Limited Premium:
     Year 1: 6%
     Year  2-5 years : 4%
     Year 6 and onwards:  2%

    Single Premium:    2%


    All Top-ups:
      2%
    Policy Administration Charges / Switching Charges / Redirection Charges / Partial Withdrawal Charges Nil
    Fund Management Charges All funds @1.35% p.a.

  • All of us work hard to ensure a happy and contended life with our family. Wealth and prosperity, however uncertain, remain among the most preferred wishes of most of us. How we wish we could be certain about these aspects of life and make sure that our family is ‘future shock proof' forever.

    Well, we understand your dilemma while taking important financial decisions for your family and hence bring you the IndiaFirst Maha Jeevan Plan – a plan that will ensure that your family is not deprived of wealth and prosperity even in your absence. Simply save towards your family's future and the rest will be taken care by us.

    Our IndiaFirst Maha Jeevan Plan not only offers you an assured amount but also additional returns in the form of bonus declared by the company.

    ELIGIBILITY CRITERIA
    Minimum Age at Entry 5 years
    Maximum Age at Entry 55 years
    Minimum Age on Maturity 20 years
    Maximum Age on Maturity 70 years
    Plan Term 15 to 25 years
    Premium Payment Term Same as policy term
    Premium Paying Mode Regular Premium
    Premium Frequency Annual, Half Yearly, Monthly Modes
    Minimum Premium Yearly Rs. 6,000
    Half Yearly Rs. 3,071
    Monthly Rs. 522
    Maximum Premium No limit
    Minimum Sum Assured Rs. 50,000
    Maximum Sum Assured Rs. 20,00,00,000
    BENEFIT STRUCTURE
    Death Benefit Age Less than 45 years - Higher of Guaranteed Sum Assured on maturity or 10* annualised premium+Accrued Bonus till death, if any + Term Rider Sum Assured, if opted
    Age 45 years or more - Higher of Guaranteed Sum Assured on maturity or 7* annualised premium+Accrued Bonus till death, if any + Term Rider Sum Assured, if opted
    Maturity Benefit The guaranteed sum assured on maturity along with the simple reversionary bonus and terminal bonus, if any is paid at the end of the plan term.
    Bonus Structure (Simple / Compound) Declare simple reversionary bonuses  at the end of the financial year
    Terminal Bonus Declare terminal bonus at the end of the financial year
    Surrender Benefit Any time after the payment of three full year’s premiums.
    Higher of GSV and SSV will be payable.

    The GSV factors will be applicable on total premium paid excluding rider premium, if any,
    OTHER BENEFITS
    Rider IndiaFirst Term Rider
    Loan A loan amount up to 90% of the available surrender value.
    The minimum loan amount should be Rs. 1,000.
    Paid Up Value (Sum Assured X No. of Premiums Paid)/ Total
    Number of Premiums Payable
    Revival Period 2 years
    Guaranteed Surrender Value Range GSV for total premiums paid :
    30% - 90% of total premiums paid

  • The journey of life is as important as the destination of a comfortable future. Life is not only about planning for the future but also about living in the ‘here and now'; meeting short term and medium term milestones with equal aplomb as meeting your long term goal of a comfortable future life. Be it your first car, your home, your child's education or wedding, we need a regular inflow of cash to meet these short and medium term goals ensuring our family's happiness. Hence, we bring you the IndiaFirst Life Cash Back Plan - a plan that will ensure you are always able to fund those special moments in life!

    Our IndiaFirst Life Cash Back Plan guarantees payouts at regular intervals to meet your specific needs and an assured maturity payout to secure your future. The plan will also ensure your family's financial security in case of the life assured's unfortunate demise by paying higher of 10 times the annualized premium or sum assured on maturity along with accumulated guaranteed additions.

    ELIGIBILITY CRITERIA
    Minimum Age at Entry 15 years
    Maximum Age at Entry 9 year term – 45 years
    12 year term – 50 years
    15 year term – 55 years
    Minimum Age on Maturity 24 years
    Maximum Age on Maturity 70 years
    Plan Term 9/ 12/ 15 years
    Premium Payment Term 9 year term – 5 years
    12 year term – 7 years
    15 year term – 10 years
    Payout Term 9 year term - Every 3rd year
    12 year term - Every 4th year
    15 year term – Every 5th year
    Premium Paying Mode Limited Premium
    Premium Frequency Annual, Half Yearly, Quarterly and Monthly Modes
    Minimum Premium Yearly Rs. 6,000
    Half Yearly Rs. 3,071
    Quarterly Rs. 1,554
    Monthly Rs. 522
    Maximum Premium No limit
    Minimum Sum Assured Rs. 50,000
    Maximum Sum Assured No limit
    BENEFIT STRUCTURE
    Death Benefit Higher of Sum Assured or 10 times of annualized premium or 105% of all premiums paid, excluding service tax and extra premium / rider premium if any,
    Maturity Benefit 60% of the sum assured at maturity along with guaranteed additions based on the plan term
    Bonus Structure (Simple / Compound) Guaranteed Additions per year as follows:                                             
    9 years - 5% * Annualised Premium
    12 years - 6% * Annualised Premium
    15 years – 7% * Annualised Premium
    Survival Benefit Policy Term 9 Years: 20% of the Sum Assured on maturity payable each at the end of 3rd and 6th policy years                            
    Policy Term 12 Years: 20% of the Sum Assured on maturity payable each at the end of 4th and 8th policy years                        
    Policy Term 15 Years: 20% of the Sum Assured on maturity payable each at the end of 5th and 10th policy years.
    Payout Frequency 9 year term - Every 3rd year
    12 year term - Every 4th year
    15 year term – Every 5th year
    Surrender Benefit Any time after the payment of one full year’s premium irrespective of premium payment term.
    Higher of GSV and SSV will be payable.

    GSV = GSV Factor for total premiums paid * Total Premiums Paid + GSV Factor for guaranteed additions * guaranteed additions - Survival Benefits already paid, if any
    OTHER BENEFITS
    Paid Up Value Paid-up Value is accumulated after 2 years (9 / 12 year plan term) / 3 years (15 year plan term)

    Paid up value on death is the proportional Sum Assured on death + guaranteed additions, if any, till date the policy becomes paid

    Proportional Sum Assured on death = Sum Assured on death * No of premiums paid / Total number of premiums payable

    Paid up value on maturity is the proportional Sum Assured on maturity - survival benefits already paid, if any + guaranteed additions, if any till date the policy becomes paid Up

    Proportional Sum Assured on maturity= Sum  Assured on maturity* No of premiums paid / Total number of premiums payable
    Revival Period 2 years
    Guaranteed Surrender Value Range GSV for total premiums paid :
    7.5% - 90% of total premiums paid

    GSV for guaranteed additions :
    2% - 30% for guaranteed additions

  • Age is just a number! It is a beautiful thought and we would like this to be true for all aspects of our life: physical, financial or otherwise. To transform your old age in to golden years, it is really important that your retirement pool also be in harmony with this thought. You can achieve this harmony if and only if, you can stay ahead of inflation, arrange for steep health care costs, have a standby ready in absence of a regular salary, and maintain your current lifestyle. We present to you IndiaFirst Guaranteed Retirement Plan, which is a guaranteed financial protection for your second innings. The plan offers you option to earn guaranteed returns for the initial years in the plan and an opportunity to further build your retirement corpus through bonus, thereon. The plan is equipped to create a safety net around you and protect you from all the undesirable elements attached with old age. This plan will ensure that your dreams live on, and you remain the same worry free young at heart individual even in the years to come!

    ELIGIBILITY CRITERIA
    Minimum Age at Entry Regular / Limited - 25 years
    Single - 0 year
    Maximum Age at Entry Regular - 55 years
    Limited - 70 years
    Single - 75 years
    Minimum Age on Maturity 40 years
    Maximum Age on Maturity 80 years
    Plan Term Regular - 10 years and 15 to 35 years
    Limited - 5 years PPT - 10 to 35 years
    10 years PPT - 15 to 35 years
    Single - 5 to 40 years
    Premium Payment Term Regular - Same as policy term
    Limited - 5 years and 10 years
    Single - One pay
    Premium Paying Mode Regular Premium
    Limited Premium
    Single Premium
    Premium Frequency Annual, Half Yearly, Quarterly and Monthly
    Minimum Premium
      Regular Limited
    Yearly Rs. 24,000 Rs. 36,000
    Half Yearly Rs. 12,286 Rs. 18,428
    Quarterly Rs. 6,216 Rs. 9,324
    Monthly Rs. 2,088 Rs. 3,132

    Single - Rs. 75,000
    Maximum Premium No limit
    Minimum Sum Assured Regular  / Limited - Rs. 5,00,000
    Single - Rs. 1,00,000
    Maximum Sum Assured No limit
    BENEFIT STRUCTURE
    Death Benefit Higher of:
    a. Total premiums paid as on date of death accumulating @ 0.15% per annum compounded annually and
    b. 105% of the total premiums paid along with the # sum of all guaranteed additions and bonuses, if any.
    Maturity Benefit Sum Assured X (Total numbers of premiums paid)/(Total Number of premiums payable) and
    Sum of all Guaranteed Addition , if any till the date of Paid-Up and
    Sum of all simple reversionary Bonuses, if any till the date of Paid-Up
    Bonus Structure (Simple / Compound) Declare simple reversionary bonuses  at the end of the
    financial year
    Terminal Bonus Declare terminal bonus at the end of the financial year
    Surrender Benefit Any time provided three full years' premiums have been paid if the premium paying term is 10 years and more or two full years' premiums have been paid if the premium paying term is less than 10 years or any time after payment of premium under single premium.
    OTHER BENEFITS
    Paid Up Value Payable on maturity
    Sum Assured X (Total numbers of premiums paid)/(Total Number of premiums payable) plus sum of all guaranteed addition, if any, plus sum of all bonuses, if any till the date of paid-up.

    Payable on death
    Higher of total premiums paid as on date of death accumulating @ 0.15% p.a. compounded annually and 105% of total premiums paid as on the date of paid-up + sum of all guaranteed # addition , if any + sum of all bonuses, if any till the date of paid-up.
    Revival Period 2 years
    Guaranteed Surrender Value Range GSV for total premiums paid :
    Regular / Limited - 30% - 90% of total premiums paid
    Single - 70% - 90% of total single premium paid

  • You aspire, you prosper… but you also need to protect your family from any uncertainties of life. You need to ensure that no untoward event upsets the well being of your loved ones.

    In this fast paced world, we need to find the easiest and smartest way to meet our needs. With the IndiaFirst Anytime Plan, getting a life cover is just a few clicks away. Our IndiaFirst Anytime Plan is a pure term insurance plan that ensures that your loved ones are taken care of, even in your absence.

    ELIGIBILITY CRITERIA

    Minimum Age at Entry

    18 years

    Maximum Age at Entry

    60 years

    Minimum Age on Maturity

    23 years

    Maximum Age on Maturity

    70 years

    Plan Term

    5 to 40 years

    Premium Payment Term

    Regular - Same as policy term

    Single - One time payment only

    Premium Paying Mode

    Regular Premium

    Single Premium

    Premium Frequency

    Annual, Half Yearly, Monthly Modes

    Minimum Premium

    Yearly Rs. 2,000

    Half Yearly Rs. 1,024

    Monthly Rs. 174

    Maximum Premium

    No limit

    Minimum Sum Assured

    Rs. 10,00,000

    Maximum Sum Assured

    Rs. 50,00,00,,000

    BENEFIT STRUCTURE

    Death Benefit

    A lump sum amount equal to the sum assured.

    Maturity Benefit

    There is no maturity benefit payable under this plan.

    Surrender Benefit

    Regular - No surrender value payable

    Single - Surrender value is payable only if surrender the plan any time after the third plan year and before the end of the plan term.

                 40% * Premium Paid *

                    Unexpired term*

                    --------------------

                        Total term

    OTHER BENEFITS

    Revival Period

    2 years


  • Whether it’s our family or our investments we all look for security. Uncertainties of life make it difficult to guarantee that life turns out the way we have planned. It’s important that you are not only saving smart but also securing your family against uncertainties of life.

    Understanding this need, we bring you the IndiaFirst Simple Benefit Plan that provides you with dual benefits of a life cover and assured savings!

    The plan promises to pay out an assured amount plus bonuses on specific events like death or maturity. All you need to do is save regularly and leave the rest to us.


    ELIGIBILITY CRITERIA

    Minimum Age at Entry

    18 years

    Maximum Age at Entry

    50 years

    Minimum Age on Maturity

    33 years

    Maximum Age on Maturity

    70 years

    Plan Term

    15 to 25 years

    Premium Payment Term

    Same as policy term

    Premium Paying Mode

    Regular Premium

    Premium Frequency

    Annual, Half Yearly, Monthly Modes

    Minimum Premium

    Yearly Rs. 2,000

    Half Yearly Rs. 1,024

    Monthly Rs. 174

    Maximum Premium

    Yearly Rs. 32,340

    Half Yearly Rs. 16,555

    Monthly Rs. 2,814

    Minimum Sum Assured

    Rs. 20,000

    Maximum Sum Assured

    Rs. 5,00,000

    BENEFIT STRUCTURE

    Death Benefit

    Age Less than 45 years - Higher of Guaranteed Sum Assured on maturity or 10* annualised premium +Accrued Bonus till death, if any

    Age 45 years or more - Higher of Guaranteed Sum Assured on maturity or 7* annualised premium +Accrued Bonus till death, if any

    Maturity Benefit

    The guaranteed sum assured on maturity along with the simple reversionary bonus and terminal bonus, if any is paid at the end of the plan term.

    Bonus Structure (Simple / Compound)

    Declare simple reversionary bonuses  at the end of the

    financial year

    Terminal Bonus

    Declare terminal bonus at the end of the financial year

    Surrender Benefit

    Higher of GSV or SSV will be payable.

     

    The policy will acquire guaranteed surrender value after payment of first full year’s Premium.

     

    GSV = GSV Factor for total premiums paid * Total Premiums Paid + GSV

    OTHER BENEFITS

    Loan

    A loan amount up to 90% of the available surrender value.

    The minimum loan amount should be Rs. 1,000.

    Paid Up Value

    (Sum Assured X No. of Premiums Paid)/ Total

    Number of Premiums Payable

    Revival Period

    2 years

    Guaranteed Surrender Value Range

    GSV for total premiums paid :

    30% - 90% of total premiums paid

     

    GSV for guaranteed additions :

    5% - 30% for guaranteed additions


  • Each of us aspires to own a house, dreams of exotic overseas vacations, wishes to secure our family. We, at IndiaFirst recognize the significance of each of these events and more. Hence, we bring to you the perfect investment plus insurance plan to help you achieve each and every dream!

    IndiaFirst Smart Save Plan offers you an insurance cover on your life and additionally helps you grow and develop a body of wealth through market linked investments.

    We help you save systematically and provide you different options to invest your savings in funds, on the basis of your risk appetite. The life cover promises the sum assured in case of the life assured’s demise.

    With IndiaFirst Smart Save Plan, you can afford to dream...


    ELIGIBILITY CRITERIA

    Minimum Age at Entry

    5 years

    Maximum Age at Entry

    65 years

    Minimum Age on Maturity

    18 years

    Maximum Age on Maturity

    75 years

    Policy Term

    Single Premium – 5, 10, 15 and 20 years

     

    Regular Pay – 10, 15, 20 and 25 years

     

    Limited Pay – 7 years PPT - 10, 15, 20 and 25 years

    Premium Payment Term

    Single Premium

    Limited Pay  7 years

    Regular Pay 10, 15, 20 and 25 years

    Premium Frequency

    Single / Yearly / Half Yearly / Monthly

    Minimum Premium

                        Monthly       Half yearly         Yearly

    Regular        1,000               6,000               12,000         

    Limited        1,250               7,500               15,000

    Single           45,000

    Maximum Premium

    Monthly - 20,500

    Half yearly - 1,25,000

    Yearly - 2,50,000

    Minimum Sum Assured

    For Regular / Limited Premium

    1. Age < 45 years: Higher of ((10 x Annualized Premium) or (0.5 x Plan term x Annualized Premium))

    2. Age >= 45 years: Higher of ((7 x Annualized Premium) or (0.25 x Plan term x Annualized Premium))

     

    For Single Premium (SP)

    For Ages < 45 years: 125% of  SP

    For Ages >= 45 years: 110% of SP

    Maximum Sum Assured

                     Age Up to 44       45-50       51-55       56-60       61-65   

    Regular                      40         30             25            20             11          

    Limited                      25         15             11            11             11

    Single                          5           5             1.1           1.1            1.1

    BENEFIT STRUCTURE

    Death Benefit

    Higher of Fund Value or Sum Assured

    Maturity Benefit

    Fund Value

    Surrender Benefit

    After 5 Plan Years

    Surrender Benefit = Fund Value

    OTHER BENEFITS

    Partial Withdrawal

    Yes, partial withdrawal can be availed after 5th plan year

     

    Min Amount - Rs. 5,000

    Max Amount under Regular/Limited - Up to 25% of the fund value, only if your fund is left with a minimum balance equal to 110% of your annual premium after the withdrawal

     

    Max Amount under Single - Up to 25% of the fund value, Fund value after the withdrawal should not be less than Rs. 45,000

    Revival Period

    2 years

    Fund Options

    Equity1 Fund

    Balance1

    Debt1 Fund

    Value

    Fund Switch

    Switches are free of charge.

    Two switches in a calendar month.

    CHARGES

    Premium Allocation Charges

    Regular Premium / Limited Premium:

                                  Yearly / Half yearly          Monthly

    Year 1 :                           6.7%                         5%

    Year  2-4:                        4%                            4%

    Year 5 and onwards:     3.5%                         3.5%

     

    Single Premium:    2%

    Policy Administration Charges

    Regular Premium / Limited Premium:

    1.8% of first year’s premium per annum inflating by 5% every plan year. This is subject to a cap of 5% of annual premium per annum or Rs. 6,000 per annum whichever is lower

     

    Single Premium:

    1.20% of the single premium for the first ten years and 0% thereafter. This is subject to a maximum of Rs. 6,000 per annum

    Fund Management Charges

    All funds @1.35% p.a.

    Switching Charges / Redirection Charges / Partial Withdrawal Charges

    Nil


  • We understand that, as a parent or a spouse, you want to give nothing but the best to your loved ones. Be it your child’s education or any dream. You will not allow anything to come in the way of the success of your near and dear ones.

    To help you give your loved ones everything that you have dreamt of, we have introduced the IndiaFirst Happy India Plan.


    ELIGIBILITY CRITERIA

    Minimum Age at Entry

    18 years

    Maximum Age at Entry

    50 years

    Maximum Age on Maturity

    60 years

    Policy Term

    10, 15, 20 and 25 years

    Premium Payment Term

    Same as policy term

    Premium Frequency

    Yearly / Half Yearly / Monthly

    Minimum Premium

    Yearly - 12,000

    Half yearly - 6,000

    Monthly - 1,000

    Maximum Premium

    Monthly - 20,500

    Half yearly - 1,25,000

    Yearly - 2,50,000

    Minimum Sum Assured

    Age < 45 years: Higher of ((10 x Annualized Premium) or (0.5 x Plan term x Annualized Premium))

    Age >= 45 years: Higher of ((7 x Annualized Premium) or (0.25 x Plan term x Annualized Premium))

    Maximum Sum Assured

    Age up to 44

    14*Annualized Premium

    Age 45-50

    (7* Annualized Premium) or (0.25 * Plan Term * Annualized Premium)] whichever is higher

    BENEFIT STRUCTURE

    Death Benefit

    Sum Assured plus

    Additional Benefit: Option 1: In the unfortunate event of death or permanent disability of the insured due to accident during the term of the policy, the Fund Value and sum of all outstanding future Premium(s) will be paid and plan terminates.

    Additional Benefit: Option 2: In the unfortunate event of death or permanent disability of the insured due to accident during the term of the policy, sum of all future premiums will be credited to the Fund by the Company. The Fund value will be paid at maturity.

    Maturity Benefit

    Fund Value

    Surrender Benefit

    After 5 Plan Years

    Surrender Benefit = Fund Value

    OTHER BENEFITS

    Partial Withdrawal

    Yes, partial withdrawal can be availed after 5th plan year

     

    Min Amount - Rs. 5,000

    Maximum Amount - Up to 25% of the fund value, only if your fund is left with a minimum balance equal to 110% of your annual premium after the withdrawal

    Revival Period

    2 years

    Fund Options

    Equity1

    Balance1

    Debt1

    Value

    Fund Switch

    Switches are free of charge.

    Two switches in a calendar month.

    CHARGES

    Premium Allocation Charges

    Regular Premium:

                                  Yearly / Half yearly          Monthly

    Year 1 :                           6.7%                         5%

    Year  2-4:                        4%                            4%

    Year 5 and onwards:     3.5%                         3.5%

    Policy Administration Charges

    1.8% of the

    first year’s premium per annum inflating by 5% every plan year. This is subject to a maximum of 5% of first year’s premium per annum or Rs. 6,000 per annum whichever is lower.

    Fund Management Charges

    All funds @1.35% p.a.

    Switching Charges / Redirection Charges / Partial Withdrawal Charges

    Nil


  • You aspire, you prosper… but you also need to protect your family from any uncertainties of life. You need to ensure that no untoward event upsets the well being of your loved ones.

    In this fast paced world, we need to find the easiest and smartest way to meet our needs.

    Our IndiaFirst Life Plan is a pure term insurance plan that ensures that your loved ones are taken care of, even in your absence


    ELIGIBILITY CRITERIA

    Minimum Age at Entry

    18 years

    Maximum Age at Entry

    60 years

    Minimum Age on Maturity

    23 years

    Maximum Age on Maturity

    70 years

    Plan Term

    5 to 40 years

    Premium Payment Term

    Regular - Same as policy term

    Single - One time payment only

    Premium Paying Mode

    Regular Premium

    Single Premium

    Premium Frequency

    Annual, Half Yearly, Monthly Modes

    Minimum Premium

    Yearly Rs. 2,000

    Half Yearly Rs. 1,024

    Monthly Rs. 174

    Maximum Premium

    No limit

    Minimum Sum Assured

    Rs. 10,00,000

    Maximum Sum Assured

    Rs. 50,00,00,,000

    BENEFIT STRUCTURE

    Death Benefit

    A lump sum amount equal to the sum assured.

    Maturity Benefit

    There is no maturity benefit payable under this plan.

    Surrender Benefit

    Regular - No surrender value payable

    Single - Surrender value is payable only if surrender the plan any time after the third plan year and before the end of the plan term.

                 40% * Premium Paid *

                    Unexpired term*

                    --------------------

                        Total term

    OTHER BENEFITS

    Revival Period

    2 years


  • You aspire, you prosper… but you also need to protect your family from any uncertainties of life. You need to ensure that no untoward event upsets the well being of your loved ones.

    Our IndiaFirst Term Rider is a pure term insurance rider, which ensures that your loved ones are taken care of, even in your absence. This rider enhances the life cover of the base plan and provides additional protection to the family in case of the life assured’s unfortunate demise.


    ELIGIBILITY CRITERIA

    Minimum Age at Entry

    18 years

    Maximum Age at Entry

    65 years

    Maximum Age on Maturity

    70 years

    Plan Term

    5 to 30 years

    Premium Payment Term

    Regular - Same as policy term
    Single - One time payment

    Premium Paying Mode

    Regular
    Single

    Premium Frequency

    Annual, Half Yearly, Monthly Modes

    Minimum Sum Assured

    Rs. 1,00,000

    Maximum Sum Assured

    Rs. 20,00,00,000

    BENEFIT STRUCTURE

    Death Benefit

    A lump sum amount equal to the sum assured under the IndiaFirst Term Rider.

    Maturity Benefit

    There is no maturity benefit payable under IndiaFirst Term Rider.

    Survival Benefit

    There is no survival benefit payable under IndiaFirst Term Rider.

    OTHER BENEFITS

    Revival Period

    Within a specified period as per the conditions available under the base plan.


  • We wish to fulfill our dreams for ourselves and our family.

    When we take loans from banks and financial institutions to fulfill these dreams, we need to protect ourselves from the risks we expose ourselves and our families to.

    We at IndiaFirst realise this inherent need to secure our risk of financial liability while fulfilling our dreams. Hence, we bring to you the IndiaFirst Group Credit Life Plan, which provides you with a risk cover that shields your family from the burden of your loan liabilities.

    So while you work towards fulfilling your dreams, we will work towards protecting them…


    ELIGIBILITY CRITERIA

    Minimum age at entry

    18 years

    Maximum age at entry

    69 years

    Maximum age at maturity

    75 years

    Sum Assured

    Minimum : Rs 5,000

    Maximum: Rs. 50,00,00,000

    Plan Term

                        Regular Premium     Limited Premium     Single Premium

    Minimum :       5 years                           5 years                        2 years

    Maximum:       30 years                        30 years                     30 years

    Moratorium Period

    Risk Cover:

    If the date of the loan disbursement and the start of loan repayment (EMI) are different, the Member can avail of ‘Moratorium Benefit’

    The moratorium period allows for the risk Cover to start even before the actual loan repayment schedule begins

    For example: In case of education loan, the repayment installments start only after study period has been completed. However, the Cover for the Member (student) is available during this period.

    Payment of interest:

    The Member can choose to pay interest during this period of moratorium.  In this case the Sum Assured will remain constant till the start of the loan repayment even if a Reducing Sum Assured has been opted for.

    If the interest is not paid, the outstanding loan amount will increase every month to the extent of the unpaid interest till the repayment starts.

     

    Mode of Premium

    Regular Premium, Limited Premium and Single Premium

    Group Size

    Minimum : 50 members

    Maximum: No limit

    No. of borrowers allowed

    Maximum: 2

     

    Cover Options

                                               RP                  SP                  LP

    Level Term Cover                                                                                

    Reducing Term Cover         x                                         

    BENEFIT STRUCTURE

    Death Benefit

    Level Term Cover

    Nominee: Receives the sum assured as opted on inception, through the Master Policyholder.

     

    Master Policyholder: The nominee/ appointee/ legal heir will be responsible to pay the outstanding loan amount to the Master Policyholder. Any balance amount left after paying the

    Outstanding loan amount will be retained by the nominee/ appointee/ legal heir.

     

    Reducing Term Cover

    Nominee: Receives the sum assured as opted on inception, through the Master Policyholder.

     

    Master Policyholder: The nominee/ appointee/ legal heir will be responsible to pay the outstanding loan amount to the Master Policyholder.

    Surrender Value

    The master policyholder / member have the facility to surrender the plan. There is no surrender value under the regular premium option.

     

                  Reducing sum assured                              Level sum assured

    LP             40% x Premiums Paid                              40% x Premiums Paid

                                      x                                                                     x

              (Unexpired term/ Cover term)              (Unexpired term/ Cover term)

                                      x                                                                     x

              (Reduced SA/ Initial SA        (Premiums paid/ Total premiums to be paid)

                                      x

    (Premiums paid/ Total premiums to be paid)                  

     

     

    SP                   40% x Premiums Paid                        40% x Premiums Paid                      

                                            x                                                             x

                      (Unexpired term/ Cover term)              (Unexpired term/ Cover term)

                                             x

                          (Reduced SA/ Initial SA)                     


  • Groups work with and comprise of their members. Members could be customers, employees or any other individuals associated with you. No matter what your area of work, the value that individual members bring to your group cannot be underestimated.

    While being an important part of your group or organization, your members are also an essential part of their family. It hence becomes your responsibility to ensure basic financial security for them.

    Our IndiaFirst Group Term Plan is a yearly renewable Plan that helps you provide your members with a life cover, thus securing their family against uncertainties of life.


    ELIGIBILITY CRITERIA

    Minimum age at entry

    Employer-Employee group - 18 years

    Non Employer-Employee group - 14 years

    Maximum age at entry

    Employer-Employee group - 70 years

    Non Employer-Employee group - 70 years

    Maximum age at maturity

    Employer-Employee group - 71 years

    Non Employer-Employee group - 71 years

    Sum Assured

    Minimum : Rs 1,000

    Maximum: Subject to underwriting

    Plan Term

    This is a yearly renewable term plan. It is available to the members of the group for one year from the date of issuance.

    Mode of Premium

    Yearly renewable plan

    Group Size

    Minimum : 50 members

    Under Group term assurance in lieu of EDLI it is 20 members, as per the EPFO requirements

    Maximum: No limit

    Cover Options

    I. Voluntary cover

    Master Policyholder - Chooses to participate in the scheme

    Member - May choose to participate in the Plan and pay premiums accordingly

    Life cover - Will be on the life of the individual member

    II. Compulsory cover

    Master Policyholder - Chooses to participate in the scheme

    Member - Obligatory participation in the Plan

    Life cover - Will be on the life of the individual member

    BENEFIT STRUCTURE

    Death Benefit

    Sum Assured

    Surrender Value

    No surrender or paid-up value is payable under this Plan


  • India currently is one of the fastest growing countries in the world. The current government wants to ensure that we are on fast track and hence has introduced various financial schemes that can take India to new heights.

    IndiaFirst Pradhan Mantri Jeevan Jyoti Bima Yojana is one such effort, which aims at providing insurance coverage to all your bank customers who have a savings bank account. This yearly renewable Plan will provide these customers with a life cover through a simple and quick process and will make sure that your customers are insured within no time.

     

    ELIGIBILITY CRITERIA

    Minimum age at entry

    18 years

    Maximum age at entry

    50 years

    Maximum age at maturity

    55 years

    Sum Assured

    Rs. 2,00,000

    Plan Term

    This is a yearly renewable term plan.

    Premium Frequency

    Single

    Group Size

    Minimum : 50 members

    Maximum: No limit

    BENEFIT STRUCTURE

    Death Benefit

    Sum Assured

    Surrender Value

    No surrender or paid-up value is payable under this Plan.

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