Bimadeals » IndiaFirst Life Insurance

IndiaFirst Maha Jeevan Plan – Key Features

admin — Mon, 23 Apr 2012 07:26:41 +0000

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.

Key Features

- Your life is precious. You can now get the advantage of enhanced life coverage by doubling/ tripling the base sum assured.

- Ensure your prosperity with the assurance of a guaranteed maturity amount (sum assured) and the upside of a bonus declared every year.

- We prosper only if you prosper. We share additional earnings through an extra bonus (terminal bonus), if any declared at the end of the plan term.

- Plan your future needs by deciding exactly when you need the assured amount – anytime between 10 – 25 years.

- Accumulate your savings systematically, through regular premium contributions based on your income and needs.

- The plan offers a life cover of one, two and three times the sum assured, through our Classic, Silver and Gold Options respectively. The sum assured along with simple reversionary bonus and terminal bonus, if any will be paid at the end of the plan term.

- Under Section 80C you can enjoy tax benefits on the premium you invest. You can also get tax benefits on the benefits you receive at maturity of your plan, under Section 10(10D).

Risk Factors

- The simple bonus to be declared every financial year end depends upon the surplus generated under this and similar kind of product.

- The bonus rate may vary from time to time.

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India First Money Balance Plan – Key Features

admin — Mon, 23 Apr 2012 06:57:49 +0000

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 unfortunate demise.

Key Features

- You can optimize your investments with the help of our ‘automatic trigger-based’ investment strategy. We help you build your savings systematically while securing the earnings on your investment through an automatic transfer in relatively safe funds that give consistent returns.

- You may pay your premium(s) either regularly or for a limited period of time or through a single payment.

- The plan offers a life cover in case of the life assured’s unfortunate demise.

- You can make the most of your investments by ‘switching’ from one fund to another. You can also get easy access to your money by being able to withdraw partially.

- Under Section 80C you can enjoy Tax Benefits on the premium that you invest. You also get tax benefits on the benefits that you receive on maturity of your plan, under Section 10(10D).

Risk Factors

- The premium paid in unit linked plans is subject to investment risks associated with capital markets.

- The value of the units may go up or down based on the performance of the fund.

- Other factors influencing the capital market affect the value of the units. Hence you, as the policyholder are responsible for all your decisions.

- None of our funds offer a guaranteed or assured return.

- The past performance of our other funds does not necessarily indicate the future performance of any of these funds.

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IndiaFirst Retirement Benefits Plan – Key Features

admin — Mon, 23 Apr 2012 06:44:21 +0000

IndiaFirst Retirement Benefit Plan helps you to invest the funds set aside towards your member’s retirement benefits such as Gratuity, Superannuation and Leave Encashment.

With the IndiaFirst Retirement Benefit Plan, you can now ensure that your members receive the right benefits for all their hard work.

Key Features

Master Policyholder

- You may now manage your member’s retirement liabilities through a transparent and value for money plan.

- Additionally under,

Gratuity

- You may choose to cover the future service gratuity benefit of all your members.

- Your contribution is a deductible business expense.

- Gratuity benefits are tax free up to Rs.10,00,000 in the hands of the member.

- Any death benefit under group insurance is tax exempt under Section 10 (10D) of the Income – Tax Act, 1961. You have to form a trust to get the tax rebate.

Leave Encashment

- You may choose to cover the leave encashment liability of all your members.

Pension

- You may choose to cover the future service retirement benefit of all your members.

- You may choose to pay the entire contribution on behalf of your members, or it can be paid by both you and your member as defined in the scheme rules.

- Your contribution is a deductible business expense in term of Section 36(1) (iv) of the Income Tax Act.

- Any income received from the master policyholder on behalf of a Superannuation Fund is exempt from tax under Section10 (25)(iii).

- You have to form a trust to get the tax rebate.

Risk Factors

- The interest rate may vary from time to time.

- Tax benefits are subject to changes in tax laws.

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IndiaFirst Employee Benefits Plan – Key Features

admin — Mon, 23 Apr 2012 06:36:46 +0000

IndiaFirst Employee Benefits Plan helps you to invest the funds set aside to cover your employee liabilities such as Gratuity and Leave Encashment into market linked investments. This plan offers a life cover for all your employees, securing their families against uncertainties of life.

Key Features

Master Policyholder

- You can now manage your future employee liabilities such as Gratuity and Leave Encashment through a transparent and value for money plan.

- The plan offers a uniform life cover of Rs.1,000 for all your employees, securing their families against uncertainties of life.

- You may optimize your investment returns by choosing between four funds across asset classes.

Additionally under,

Gratuity

- You may choose to cover the future service gratuity benefit of all your employees.

- Your contribution is a deductible business expense*

- Gratuity benefits are tax free up to Rs.10,00,000 in the hands of the employee.

- Any death benefit under the group insurance is tax exempt under section 10 (10D) of the Income Tax Act 1961.

Leave Encashment

- You may choose to cover the leave encashment liability of all your employees.

- You may provide a perfect balance between a life cover for all your employees and best in class investment of Leave Encashment liability contributions.

Risk Factors

- The premium/ contribution paid in unit linked life insurance plans are subject to investment risks associated with capital markets and are not guaranteed.

- The value of the units may go up or down based on the performance of the fund.

- Factors influencing the capital market also affect the value. Hence, you are responsible for all your decisions.

- The past performance of funds does not necessarily indicate the future performance of any of the funds provided under this plan.

- IndiaFirst Employee Benefits Plan does not participate in the profits made by the company.

- Payment of Gratuity liability other than life cover benefit will be limited to the fund value.

- Tax benefits are subject to changes in tax laws.

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IndiaFirst Group Credit Life Plan – Features

admin — Sat, 21 Apr 2012 12:17:57 +0000

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…

Key Feature

Master Policyholder

- You can enhance your product offering by combining insurance with your credit or loan products.

- You can protect your assets against uncertainty. We help you do this by paying the outstanding loan amount in the unfortunate event of the member’s demise.

- You have the flexibility to choose the coverage and the mode of payment you want to offer your members.

Members

- Members can fulfill their dreams while securing the financial future of their family by combining their credit and insurance requirement. All loans such as home loan, car loan, education loan, personal loan etc. may be covered under the plan.

- The member’s family will not be burdened with the outstanding loan repayment, in the unfortunate event of the member’s demise. We will pay a lump sum amount (as per schedule) immediately to you and any excess amount over the outstanding loan amount to the nominee through you.

- Members have the flexibility to choose between a level term cover and a reducing term cover.

- They can avail of high non medical cover limits – no medical hassles.

- They can choose the mode of payment and premium frequency.

- The plan also covers two borrowers (joint borrowers) under one loan.

- Under section 80C, your members can enjoy tax benefits on the premium they invest.

Risk Factors

- The sum assured is paid to the master policyholder. In case of a level term cover, any additional amount left after paying the outstanding loan amount will be paid to the nominee.

- There can be a maximum of two joint borrowers under this plan.

- Tax laws are subject to change from time to time. Please speak to your tax consultant before deciding to invest in any financial planning tool.

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IndiaFirst Group Term Plan – Features

admin — Sat, 21 Apr 2012 12:07:45 +0000

Groups work with and exist only because of their members. Members could be your customers, employees or any other individuals already associated with you. No matter what your area of work, the value that individual members bring to your group cannot be under estimated.

Key Features

Master Policyholder

- You may now provide life cover at reasonable rates to your members – be it your employees or your customers.

- You have the flexibility to automatically cover the life of all your members or offer it as a voluntary scheme where your members may choose to participate.

- You have the flexibility to choose between three premium paying frequencies.

- The plan is renewed yearly and provides you the flexibility of adding new members during the plan year.

- You can also opt for the Employees Deposit Linked Insurance (EDLI) Scheme under this plan

Members

- Members can get a life cover at an extremely reasonable price. The member’s family (nominee) will be paid the sum assured, in the unfortunate event of the member/ life assured’s.

- The joining procedure is simple and convenient.

- Members can enjoy tax benefits on the premium you pay under section 80C.

Risk Factors

- The sum assured is paid to the nominee through you, the master policyholder.

- You may deduct any amount due before paying the proceeds to the nominee. However, this is not applicable under EDLI.

- Minimum group size is 50.

- Tax laws are subject to change from time to time. Please speak to your tax consultant before deciding to invest in any financial planning tool.

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IndiaFirst Annuity Plan – Features

admin — Sat, 21 Apr 2012 12:01:06 +0000

Your retirement marks the beginning of a whole new journey and you need to ensure that your lifestyle is maintained and no compromises made. IndiaFirst understands this and has the perfect plan to empower you during this wonderful phase. IndiaFirst Annuity Plan helps you with investing your proceeds towards a steady retirement income for as long as you live.

With IndiaFirst Annuity Plan, you can now embark on the best days of your life.

Key Features

- You may choose your retirement age as per your need; you can reap the returns starting anytime between 40 and 80 years.

- You may receive a definite regular monthly income through your years of retirement.

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IndiaFirst Secure Save Plan – Features

admin — Sat, 21 Apr 2012 11:52:24 +0000

All of us dream about the perfect house, the best education, and the latest car – the finest that life has to offer for our loved ones. We understand the importance of these dreams and present you a simple plan to help you secure them.

Key Features

- You can build your savings systematically, through regular premium contributions based on your income and needs.

- The plan offers a death benefit equal to the basic sum assured in case of the life assureds’ untimely demise. The death benefit along with the simple reversionary bonus accumulated (till death) and additional sum assured as per the term rider (if chosen) will be paid out.

- The basic sum assured along with simple reversionary bonus and terminal bonus, if any will be paid at the end of the plan term.

- Under Section 80C you can enjoy tax benefits on the premium you invest. You can also get tax benefits on the benefits you receive at maturity of your plan, under Section 10(10D).

- The simple bonus to be declared every financial year end depends upon the surplus generated under this and any similar kind of product.

- The bonus rate may vary from time to time.

Risk Factors

- The simple bonus to be declared every financial year end depends upon the surplus generated under this and any similar kind of product.

- The bonus rate may vary from time to time.

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IndiaFirst Simple Life Plan – Features

admin — Sat, 21 Apr 2012 11:44:41 +0000

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

Key Features

- Enjoy a life cover for a period of 5 or 10 years at a reasonable price.

- The life assured’s family is secured, as they get an assured lump sum benefit immediately, in case of the life assured’s untimely death.

- You may choose a sum assured between Rs. 5,000, Rs. 10,000 and Rs. 50,000.

Risk Factors

- There is no maturity or survival benefit payable under this plan.

- This is a non participating pure term assurance plan.

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IndiaFirst Life Plan – Features

admin — Sat, 21 Apr 2012 11:40:17 +0000

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

Key Features

- Enjoy a life cover for a period of up to 30 years at a reasonable price.

- The life assured’s family is secured, as they get an assured lump sum benefit immediately, in case of the life assured’s untimely death.

- You may decide the life cover amount and the period of coverage, based on your income and age.

- You also have the option to pay monthly, six monthly, yearly or lump sum as a single pay for the whole plan period.

- You can choose a life cover between Rs. 5 lakhs and Rs. 20 crores based on your need.

- Under Section 80C you can enjoy tax benefits on the premium you invest. Your family also gets tax break on the benefits they received from your plan under Section 10(10D).

Risk Factors

- There is no maturity or survival benefit payable under this plan.

- This is a non participating pure term assurance plan.

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