IndiaFirst Anytime Plan
Product Info
UIN
143N009V01
Status
Withdrawn
Launch Date
16/07/2010
Withdrawn Date
31/12/2013
Product Overview
IndiaFirst Anytime Plan is a pure term insurance plan that ensures that your loved ones are taken care of, even in your absence.
Product Description
- The life assured’s family is secured, as they get an assured lump sum benefit immediately in case of his/her untimely death
- Flexible premium payment options under Regular pay and Single Pay
- Surrender Value is applicable in case of Single Premium Policies only
- Enjoy a life cover for a period of up to 30 years at a reasonable price
COMPARE & BUY SIMILAR PLANS
Unique Features
- "India First Anytime Plan "is a pure term insurance plan with option of regular pay as well as single pay.
- It is a pure non participating term insurance policy without Bonus facility which provides protection in case of premature death of the insured.
Eligibility Criteria
| Eligibility Criteria | |||||
|---|---|---|---|---|---|
| Entry Age | Minimum | 18 Years | |||
| Maximum | 60 Years | ||||
| Max age of Maturity | 70 years | ||||
| premium (Rs.) | Rs 2,000 p.a. | No Limit | |||
| Sum Assured (Rs.) | 10,00,000 | 49,00,000 | |||
| Notes :- *The life cover should be in multiples of Rs. 1,00,000 | |||||
| Payment modes | Regular premium | Monthly (through ECS or Direct Debit), six monthly, yearly | |||
| Single premium | One time payment only | ||||
| Premium Paying Term | Regular | Equal to Policy Tenure | |||
| Single | One Time | ||||
| Policy Term (in years) | 5 Years | 30 years | |||
| Invest | |||||
| Premium Paying Mode | Minimum Premium | ||||
| Monthly | Rs. 174 | ||||
| Six monthly | Rs. 1,024 | ||||
| Yearly | Rs. 2,000 | ||||
| Premium Frequency | Factor To Be Applied To the Annual Premium | ||||
| Monthly | 0.087 | ||||
| Six monthly | 0.5119 | ||||
OneInsure App Benefits
Store Digitally | Get Premium Reminders | Service and Claim assistances | Empower Nominee
Product Benefit
- Maturity Benefit :
Being a pure Term Plan, there is no Maturity Benefit under the plan - Death benefit :
In case of death of the Life Insured within the Policy Tenure, the nominee gets the Sum Assured
Other Policy Features
| Feature | Description | |||||
|---|---|---|---|---|---|---|
| Revive | Within two years from the due date of the first unpaid premium but before the maturity date | |||||
| The revival is subject to satisfactory medical and financial requirements raised by the company. | ||||||
| Loan | No. We will not be able to give any loans under your plan | |||||
| Notes :- The minimum loan amount should be Rs. 1,000. As and when the outstanding loan principal along with interest exceeds the surrender value |
||||||
| Surrender Value | Regular premium | No surrender value payable | ||||
| Single premium | Surrender value is payable only if you surrender the plan any time after the third plan year and before the end of the plan term | |||||
| 40% x Premium paid x ( unexpired Term*/ Total Term) | ||||||
| Notes :- Unexpired term will be calculated as on the date of lapse or, in case the cover is continuing, the date of surrender. | ||||||
Add-ons
Not Available
Exclusions
If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of issuance of the Policy, the Policy shall be void and the Company will only be liable to pay the premiums paid till date.
Tax Benefits
Tax benefits will be as per Section 80C & Section 10(10D) of the Income Tax Act, 1961
Claim Process
Know Claim Process of India First Anytime Plan
Company Overview
Headquartered in Mumbai, IndiaFirst Life Insurance, with a paid-up share capital of INR 625 crore, is one of the country's youngest life insurance company promoted by two large public sector banks - Bank of Baroda and Andhra Bank along with UK's leading risk, wealth and investment company Legal & General.The company launched operations nationwide in March, 2010
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