Indiafirst life insurance

LIFE INSURANCE POLICY IndiaFirst Life Insuranceoffers various types of life insurance plans and policies to ensure your loved ones' protection and financial health. A life insurance policy need not be difficult to understand. At IndiaFirst Life, we take pride in creating life insurance solutions that are simple, affordable, and effective. Choose from various types of life insurance policy options that are tailor-made to suit your life insurance needs. The arena of WHAT IS LIFE INSURANCE? At its essence, a life insurance policy is a contract signed between the life insurance provider and a policy holder. Life insurance plans offer a substantial life cover in the form of an assured sum that the insurer pays to the nominees/beneficiaries listed in the life insurance policy if the insured person dies during the life policy term. In return for this guarantee, the policy holder agrees to pay a specific premium amount at regular intervals during their lifetime. To safeguard the legally-binding nature of a life cover contract, it is essential for the policy holder to accurately disclose all details about their past and present health conditions. No medical life insurance plans allow you to start life insurance without medical tests. However, accurate disclosure of pertinent details is mandatory. While a term life insurance policy offers life cover for a specific term, permanent life insurance policies continue to remain effective until the death of the policy holder at any age, th...

IndiaFirst Life Insurance Company Limited IndiaFirst Life Insurance Company is among India’s youngest life insurance companies, with a paid-up share capital of Rs 663 crore. Headquartered in Mumbai, the company works passionately to serve customers while preparing them to face uncertain times. What makes it stand out among the competitors is its fairly-priced, easy-to-understand, and straightforward products and efficient service. Established in November 2009, the founding partners of IndiaFirst Life Insurance Company include Bank of Baroda, Andhra Bank (now, Union Bank of India), and Legal & General. However, in February 2019, Legal & General sold its stake to Carmel Point Investments India Private Limited. As of today, the company’s shareholding pattern stands at Bank of Baroda – 44%, Union Bank of India – 30%, and Carmel Point Investments India Private Limited – 26%. The company has spread its wings in more than 1000 cities in India with 4800 branches and has over 1600 employees. It offers a wide range of need-based products catering to different needs of customers in different segments. The products offered include savings and investment plans, protection plans, retirement plans, and health plans. Facts about IndiaFirst Life Insurance Company • Till 31st March 2020, IndiaFirst Life Insurance offers 31 need-based products for various customer segments. • IndiaFirst Life Insurance had been recognized as one of the top 25 Great Place to work in the BFSI segment. • It is t...

India First Life Insurance offers a decent range of online term insurance plans, child insurance plans, ULIPS, savings and retirement plans for its customers. The policies offer whole life coverage up to 100 years with useful inbuilt benefits such as terminal illness and accidental death benefit. However, the policies are not very comprehensive in nature and offer limited benefits and riders as compared to its peers in the market. India First Life Guaranteed Protection Plan Key Features • Whole life coverage up to 100 years. • Option to cover your spouse under the same plan. • Flexibility to receive death payout as lump sum or monthly income. • Option to choose from seven different coverage options. • Covers death due to Covid-19 claims. • Covers the cost related to terminal illness. • Lump sum payout if diagnosed with any of the 40 specified critical illnesses. • Accidental death rider is also available. • Return of premium option. • Receive survival benefit along with life cover. India First Life Plan Key Features • The sum assured coverage ranges from INR 1 lakh to INR 50 crore. • Premium starts from INR 100 per month. • Flexibility to receive death payout as lump sum or monthly income. • Death benefit payable is more than 105% of all the premiums paid. • Get life cover for a period of up to 40 years. • Free look period of five years. India First Life e-Term Plus Plan Key Features: • This is an online term plan. • Flexibility to receive death payout as lump sum or month...

Terms & Conditions for PAN / Aadhaar Card Number Updation • I hereby provide my Aadhaar number and PAN to IndiaFirst Life Insurance Company Ltd and give my consent to link Aadhaar and PAN to all my policies. I give my consent to obtain Aadhaar number and identify information like name, date of birth, etc, for authentication with UIDAI. I also give my consent for verification of PAN with the Income tax authorities. The company has informed me that the data will be used for validation and e-KYC purpose. Terms & Conditions for Pay Premium • Premium will be applied to your policy only if the transaction is successful, as confirmed by our payment aggregators. • In case renewal premium(s) for unit linked policies is received at IndiaFirst Life Insurance Co. Ltd. Office before 3.00 p.m, Net Asset Value (NAV) of the same day or the premium due date/ reinstatement date whichever is later would be applicable .In case the premium is received after 3.00 p.m, NAV of the next business day or the premium due date/ reinstatement date whichever is later would be applicable. • Premium payments online can be made for revival of the policy in case the same has lapsed. However, the revival of the policy is subject to terms and conditions of the Plan. The plan will be revived subject to acceptance of Declaration of Good Health in case the policy is in a lapsed state for more than 180 days. Please read the plan document for further details. • As per Regulation 3(d), IRDA (Manner of Receipt of Pr...

Number of employees 3,100+ Website .indiafirstlife .com IndiaFirst Life Insurance Company is a joint venture of India's public sector banks ( ₹ 663 crore. It was incorporated in November 2009 and is headquartered in Mumbai. It recorded more than INR 2 billion in turnover in just four and a half months since the insurance company became operational. Business model [ ] IndiaFirst Life Insurance follows the " Financials [ ] The company ended FY20 with INR 3,360 crore worth of total premiums collected and AUM of Rs 14,723 crore. The company has had a CAGR of 40% in the last five years in Individual New Business APE, as compared to Life Insurance Industry growth of 12% CAGR during the same period. The life insurance company has reported a 25% growth in individual New Business (NB) Annual Premium Equivalent (APE) in Financial Year (FY) 2019-20. IndiaFirst Life grew at 5.2 times the private industry growth rate of 5% and at 4.0 times the overall industry growth rate of 6% (including LIC). For the month of March 2020, IndiaFirst Life ranked 10th in the private sector in Individual NB APE and ranked 12th in the private sector for FY 2020. It also observed a claim settlement ratio of 98.56%, supported over 13800 families and paid claims in excess of INR 346.82 crore. Paid group claims in excess of INR 1056.5 crores (includes PMJJBY). [ citation needed] Sale of stake [ ] In June 2018, one of the original founders, History [ ] IndiaFirst Life Insurance was incorporated by Bank of Baro...

IndiaFirst Life Insurance Company is an Indian private insurer offering financial products to fit the diverse needs of people from all walks of life. The company has been in the insurance sector since 2009 and had a CSR of 96.92% in the financial year 2021-22. It is one of the fastest-growing insurance companies and is a reliable insurer to buy insurance plans from. Let us see the benefits and different types of life insurance plans offered by IndiaFirst Life Insurance Company. Benefits of Buying IndiaFirst Life Insurance Plans Let us take a look at how buying an India first life insurance can benefit you: • Financial Security: Various Indiafirst plans like IndiaFirst Term plans, investment plans, and ULIP plans can help you secure your and your family’s life. They provide your family with a death benefit in case of an eventuality which can help them pay the child’s fees, medical emergencies, or rent. • Wealth Creation: A lot of the Indiafirst plans give customers a chance to grow their wealth. Plans like traditional saving plans and ULIP plans invest a part of your premiums in the market funds. You can create a corpus to beat inflation or fulfill any goals by investing in any of these plans. • Wide range of products: Indiafirst plans provide a vast range of products for their customers to choose the plan most suitable for their needs. They offer • Online Policy Purchase: You can purchase an IndiaFirst life insurance plan online from the comfort of your home in just a few ...