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Insurance
13-Sep-23
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IndiaFirst Life Insurance unveils its new single premium Policy
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IndiaFirst Life Insurance Company has launched a single premium product with a tenure of 5 to 30 years, which aims to provide a cumulative return of 6.3% to 6.7% over multiple interest rate cycles.
The IndiaFirst Life Guaranteed Single Premium Plan is a non-linked, non-participating, individual, single premium savings life insurance plan which is designed to ensure a long-term financial safety net for your loved ones with a life cover throughout the tenure of the policy, along with savings in the form of guaranteed lumpsum payout at the end of the policy term to attain your financial goals.
This plan offers policy-holders guaranteed returns over up to 30 years. It is aimed at people who want to save for retirement and legacy planning.
Despite the plan being available from 5-30 years period, the company is focused on selling plans with tenures of 15 years and above to avoid competition with bank fixed deposits as large part of its sales comes from banks including Union Bank of India, Bank of Baroda.
Key details
The basic eligibility of Entry age starts from 90 days and up to 70 / 45 Years based on the death benefit multiples of 1.25 times / 10 times of Total Premiums Paid, and maturity age minimum from 18 years to maximum 85 / 60 Years based on the death benefit multiples of 1.25 times / 10 times of Total Premiums Paid
Policy Term can be chosen from given 5, 10, 15, 20, 25, 30 Years
for the Minimum Single Premium of Rs 1,00,000/- the minimum maturity Sum Assured is Rs. 1,12,000/- and Maximum premium and sum assured is no Limit.
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Previous News |
IndiaFirst Life Insurance Company reports standalone net profit of Rs 37.08 crore in the September 2023 quarter
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Results
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Announcements
04-Nov-23
14:06
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IndiaFirst Life Insurance launches its new protection policy ‘Saral Bachat Bima Plan'
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18-Oct-21
16:56
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IndiaFirst Life Insurance gets SEBI approval to launch IPO
(
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21-Mar-23
14:55
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IndiaFirst Life Insurance targets Rs 700 crore premium for FY2011
(
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09-Apr-10
10:28
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IndiaFirst Life Insurance files DRHP with SEBI for IPO
(
Insurance
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22-Oct-22
14:00
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IndiaFirst Life Insurance Company Limited: Rating reaffirmed for Rs. 100-crore
(
Press Releases
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25-Oct-21
11:13
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IndiaFirst Life Insurance Company reports standalone net profit of Rs 2.52 crore in the June 2023 quarter
(
Results
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Announcements
05-Aug-23
17:00
)
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IndiaFirst launched two new ULIPs – Smart Save and Young India
(
Insurance
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08-Sep-10
13:54
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IndiaFirst Life Insurance unveils its new single premium Policy
(
Insurance
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13-Sep-23
12:45
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IndiaFirst Life Insurance launches group insurance business nationwide
(
Insurance
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21-Apr-10
19:54
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IndiaFirst Life Insurance expects to break even by 2015
(
Insurance
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06-Apr-10
11:57
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