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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