IndiaFirst Term Insurance
  • Return of Premium on Maturity
  • Coverage till 99 years
  • Coverage for 20+ Critical Illnesses
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IndiaFirst Term Insurance: Overview

IndiaFirst Term plans are designed to establish a strong financial net for your loved ones in case of the uncertain demise of the policyholder. IndiaFirst Term Insurance offers a wide variety of insurance plans, including term plans, as part of its product offering. These term plans offer a range of benefits for the policyholders.

IndiaFirst is one of the trusted and reputed insurers in the industry with a high claim-settlement ratio of 97.04% and a solvency ratio of 2. You can choose additional riders with the IndiaFirst Term Plans.

What are some of the
Benefits
that set them apart?

  • Choice of policy tenure,

  • Choice of premium payment options,

  • Enhanced rider options to choose from,

  • Affordable premiums,

  • Choice of sum assured,

  • A variety of plan options, etc.

  1. Solvency Ratio
    2
  2. Claim Settlement Ratio
    97.04%
  3. Annual Premium
    Rs 6,074.53 Cr
  4. Branches
    500+

IndiaFirst Term Insurance Plans

IndiaFirst Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by IndiaFirst Term Insurance.

Plan Entry Age Tenure Min. Sum Assured Unique Features
IndiaFirst Guaranteed Protection Plan Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Rs 50 lakhs
  • 3 plan options to choose from
  • Whole life cover
  • Joint life option.

Overview of IndiaFirst Term Insurance Plans

Here is a quick overview of the IndiaFirst Term Insurance Plans listed in the above table.

IndiaFirst Guaranteed Protection Plan Plan

IndiaFirst Life Guaranteed Protection Plus Plan offers you lifetime coverage (till 99 years) by paying premiums for a limited time (5 years under limited pay).

Here are the key features of the above plan
  • Lifetime protection
  • Smart life option (Reducing sum assured)
  • Customize your policy payouts
  • Limited pay premiums

Explore other IndiaFirst Term Insurance

IndiaFirst Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with IndiaFirst Term Insurance plans. Below is the list of term plans offered by IndiaFirst Term.

IndiaFirst Life Guaranteed Protection Plus Plan is a unique term life insurance plan that meets every requirement. India First Life Guaranteed Protect...

Unique Features

  • Multiple Plan Options
  • Cover for Critical Illness
  • Waiver of Premiums

IndiaFirst Guaranteed Protection Plan (Pros)

IndiaFirst Guaranteed Protection Plan
  • 1 Crore Cover
  • 3 Plan Options
  • WoP Premium for 40 Critical Illnesses

IndiaFirst Guaranteed Protection Plan (Cons)

IndiaFirst Guaranteed Protection Plan
  • 1 Year WP For Suicide
  • No Rider Benefit
  • No Pre-Existing Conditions

IndiaFirst Guaranteed Protection Plan (Other Benefits)

IndiaFirst Guaranteed Protection Plan
  • Whole Life Cover (Till Age 99)
  • WOP Option For Disability
  • Adjust SA With Life Stage

IndiaFirst Guaranteed Protection Plan (Eligibility Criteria)

IndiaFirst Guaranteed Protection Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50L
  • Maximum Maturity Age - 99 yrs
  • Premium Payment Term - 5 To 35 Years

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IndiaFirst Life Insurance Term Plans

IndiaFirst Life Insurance Term Plans

Riders You Can Avail With IndiaFirst Term Insurance Plans

Name of the rider Benefits
IndiaFirst Term Rider  This rider enhances your life cover with extra coverage at affordable prices. In case of the policyholder’s demise during the policy tenure, additional benefits are paid to their nominee.

Benefits of IndiaFirst Term Insurance

IndiaFirst Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose IndiaFirst Term Insurance Plans:

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Additional Benefits Offered By IndiaFirst Term Plans

IndiaFirst Term Insurance Plans offer various additional benefits to the policyholders.

Choice of payout option

IndiaFirst term plans such as IndiaFirst Life Elite Term Plan offer you the opportunity to choose the payout option that best suits your needs.

Longer coverage options

IndiaFirst Term Plans offer you longer coverage options to choose from as per your requirements.

Flexible premium payment options

IndiaFirst Life Saral Jeevan Bima Plan offers you flexible premium payment options to choose from so that you can pay as per your needs.

Joint life option

IndiaFirst Life Guaranteed Protection Plus Plan offers you a joint-life option to cover you and your spouse under a single plan.

Types of IndiaFirst Term Plans

There are various IndiaFirst term plans based on their features, policy tenure, benefits, etc. You can choose the one that best suits your requirements.

Basic Term Plan

Plan Name: IndiaFirst Life Saral Jeevan Bima Plan

These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.

Term Insurance with Monthly Income

Plan Name: IndiaFirst Life Elite Term Plan

These plans offer monthly income to the policyholder’s dependents in case of the policyholder’s demise.

Documents Required to Buy IndiaFirst Term Insurance Policy

Here are the documents required to buy a IndiaFirst Term Insurance Policy:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy a IndiaFirst Term Insurance Plan?

You can buy the IndiaFirst Term Insurance policy from Policyx.com or the IndiaFirst Term Insurance website.

Life Insurance
  • Step 1

    Fill out the form given at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to make the payment.

Life Insurance
  • Step 1

    Visit the official website of IndiaFirst Life Insurance.

  • Step 2

    Hover over the ‘Term Insurance Plans’ and click on the desired plan you want to buy.

  • Step 3

    A new page will be displayed.

  • Step 4

    Click on ‘Get a quote’.

  • Step 5

    Enter your details including your name, contact number, email address, gender, age, policy tenure, sum assured, etc.

  • Step 6

    Your premium amount will be displayed.

Why Choose PolicyX.com?

Don't just take our word for it - check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

How to File an IndiaFirst Term Insurance Plan Claim

The claim settlement process for IndiaFirst Term Plans is simple and hassle-free. The insurance provider gives you the option of settling a claim both online and offline. We have explained the process by which you can easily submit & settle your claim below:

Online Process

Your Occupation
1

Claim Reporting

Report your IndiaFirst Term plan claim by hovering over the ‘Claim section’ and choosing the ‘Register a claim’ option.

Your Occupation
2

Claim Review

IndiaFirst Life’s customer support staff will review your claim form and will assist you at every step. Their staff will next evaluate your claim and notify you if any papers are still pending.

Your Occupation
3

Claim Approval and Settlement

Your claim will be resolved once you have informed the insurance of your claim and the insurer has received all of the necessary documents.

Offline Process

The IndiaFirst term plan claim settlement procedure can be reported by visiting the local IndiaFirst Branch Office. For details on IndiaFirst Life Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.

Your Occupation
Life Insurance

More Queries?

If you have any more queries regarding IndiaFirst Term Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

IndiaFirst Term Insurance: FAQs

1. Do IndiaFirst term plans cover COVID deaths?

Yes, two of its term plans, viz. IndiaFirst Life Guaranteed Protection Plan and IndiaFirst Life Saral Jeevan Bima cover death claims arising out of COVID-19.

2. What are IndiaFirst’s eligibility criteria for term insurance?

The minimum age for applying is 18 years and the maximum age for applying is 60 years* The maximum age at the end of the plan is 99 years# Minimum Sum Assured: Rs. 1,00,000. Maximum Sum Assured: Rs. 5,00,00,000

3. What is the claim settlement ratio of IndiaFirst Life Insurance Company?

The company maintained a CSR of 97.04% in the year 2022-23.

4. What is the maturity benefit offered with term insurance from IndiaFirst?

No, the current IndiaFirst Term Plans do not offer any maturity benefit.

5. How I can pay the premium of the IndiaFirst life insurance term plan? What are the modes of payment available?

You can pay the premium of the IndiaFirst Term plan through an online or offline medium. It offers the following modes of payment for paying the premium: Through online Mode: Credit card, Debit card, Net Banking, ECS Through Offline Mode You can walk into the nearest branch of IndiaFirst Life Insurance to pay your premium.

6. How I can check the policy status of IndiaFirst Life term insurance plans?

Log in to your IndiaFirst Account using the designated User ID and password to check the status of your policy.

7. What is the procedure for canceling an IndiaFirst Life term insurance policy?

You can cancel a policy by filling out a duly filled surrender form and submitting it to the nearest branch office along with the surrender charges specified in the policy.

8. Do I have to pay the extra premium for the riders offered by IndiaFirst Life Insurance?

Yes, IndiaFirst Life Insurance term insurance riders are optional. You must pay an extra premium to receive the benefit of it.

9. What role does the IndiaFirst Life Insurance term insurance plan play in case of a critical illness?

If you are diagnosed with a critical illness, IndiaFirst Term Insurance will pay you a lump payment.

10. How does IndiaFirst Term Insurance differ from other term insurance plans?

These term plans stand out due to their unique features and benefits. The plan offers competitive premium rates, customizable coverage options, flexible payout choices, and additional riders such as accidental death benefits, critical illness cover, and disability benefits.

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Himanshu Kumar

Written By: Naval Goel

Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.