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Secure your future with the IndiaFirst Smart Save plan: Invest smartly and watch your wealth grow.
IndiaFirst Smart Save Plan is a unit-linked life insurance endowment plan. It helps you build wealth with market-linked returns and offers security with a life cover. With the Smart Save plan, you can choose from 4 different fund options as per your risk appetite.
You can easily make the most of your premiums by ‘redirecting your premium’ from one fund to another. The investment plan has a flexible premium payment option that allows you to pay premiums on a regular, limited, or single-pay basis. Once you survive throughout the policy term, you'll receive the accumulated fund value in a lump sum or monthly installments as per the chosen payout option.
IndiaFirst Smart Save Plan offers you a range of benefits including:
Minimum Age - 5 year Maximum Age - 65 years
Maximum Maturity Age - 75 years
Minimum term - 5 years Maximum term - 70 years
5,7 years
Annual, half-yearly, quarterly & monthly
125% of Single Premium
Let's understand how the IndiaFirst Smart Save Plan works with a simple premium illustration.
Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.
His financial advisor advised him to buy the IndiaFirst Smart Save Plan. He visited PolicyX.com
Here are some features of IndiaFirst Life Smart Save:
On maturity you may choose to -
Receive the entire fund value as a lump sum payment or Defer your maturity payment through the ‘Settlement Option’
Under premium redirection you can redirect your future investments towards a different fund or set of
funds.
You are allowed 2 free switches every month, i.e., 24 free switches a year. However, the unused free switches cannot be carried forward to the next
month/year.
There are multiple premium payment modes available including yearly, half-yearly, one-time etc.
On maturity you may choose to -
Receive the entire fund value as a lump sum payment or Defer your maturity payment through the ‘Settlement Option’
Under premium redirection you can redirect your future investments towards a different fund or set of
funds.
You are allowed 2 free switches every month, i.e., 24 free switches a year. However, the unused free switches cannot be carried forward to the next
month/year.
There are multiple premium payment modes available including yearly, half-yearly, one-time etc.
On maturity you may choose to -
Receive the entire fund value as a lump sum payment or Defer your maturity payment through the ‘Settlement Option’
Under premium redirection you can redirect your future investments towards a different fund or set of
funds.
You are allowed 2 free switches every month, i.e., 24 free switches a year. However, the unused free switches cannot be carried forward to the next
month/year.
There are multiple premium payment modes available including yearly, half-yearly, one-time etc.
On maturity you may choose to -
Receive the entire fund value as a lump sum payment or Defer your maturity payment through the ‘Settlement Option’
Under premium redirection you can redirect your future investments towards a different fund or set of
funds.
You are allowed 2 free switches every month, i.e., 24 free switches a year. However, the unused free switches cannot be carried forward to the next
month/year.
There are multiple premium payment modes available including yearly, half-yearly, one-time etc.
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There are various benefits to buying the IndiaFirst Smart Save Plan. Let’s understand each of them in detail:
The plan allows you to access your accumulated funds partially in case of any financial emergency after the five-year lock-in period.
Here is the list of documents required to buy the IndiaFirst Smart Save Plan:
Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the IndiaFirst Life Smart Save official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Hover on the ‘Life Insurance’ tab.
Choose the Investment plan you want to buy.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of IndiaFirst Life Insurance.
Hover over 'Life Insurance Plans' from the top of the menu.
Click on the IndiaFirst Smart Save Plan.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the IndiaFirst Smart Save Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Given below are some exclusions of the IndiaFirst Smart Save Plan-
Suicide within 12 months of the policy purchase is not covered.
Consumption of any intoxicants.
Death due to any aviation accident.
Death due to any adventurous sports.
What’s Good Here | What’s Missing |
Switching or Redirecting Premiums | Guaranteed Additions |
Life Cover | Premium Offset |
Choice of 4 Fund Options | Whole Life Cover |
Flexibility to withdraw funds partially | No Auto Cover Continuance |
IndiaFirst Smart Save Plan is a unit-linked life insurance endowment plan. It is an ideal plan for someone who wants to build wealth or planning for early retirement. Feel free to reach out to us for any further assistance anytime.
IndiaFirst Smart Save Plan is a unit-linked life insurance endowment plan that offers market-linked returns and a life cover’s security.
If you pass away untimely during the settlement period, your nominee shall receive the higher fund value as of the date of intimation of death.
Once you survive till the end of the policy term, you shall receive the full value of your funds.
Partial withdrawals made during the 2 years before the policyholder’s death date will be reduced from the sum assured.
You can easily transfer your money from one fund to another by switching or redirecting your premium.
Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.
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February 5, 2023
Asia/Kolkata
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