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India First Life Insurance Company Limited

Mumbai, Maharashtra

| GST  27AADCB6215G1ZX

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Headquartered in Mumbai, IndiaFirst, with a share capital of INR 4750 mn (Rs. 475 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. We launchedour operations nationwide in March, 2010 at the hands of ShriPranab Mukherjee, Former Minister of Finance, Government of India. We believe we can differentiate ourselves through simple, easy to understand products that are fairly priced and efficiently serviced. We are today present in over 1000 cities and towns across the country through 6000 partner bank branches. We have covered over 1.74 million lives and have over INR 50 billion (Rs. 5000 crore) of AUM in just 4 years of operations. Our product range covers the typical needs of health, security/ protection (term insurance), savings and wealth. We also have a wide range of group insurance products ranging from credit life, term and employee liability (gratuity and leave encashment) plans. We will follow this with a whole range of pension and micro insurance plans shortly. IndiaFirst brings together a real understanding of the Indian consumers by the promoter banks with international best practices developed by Legal & General. Bank of Baroda holds a 44 percent stake in IndiaFirst, while Andhra Bank and Legal & General hold a 30 percent and 26 percent stake respectively. Our Vision "Become a life insurance and pension business leader in providing significant value for all stakeholders through true customer delight." Business Highlights One of the fastest growing life insurance company in the country. Moved from 23rd position to 8th position amongst private life insurers within 3 years Defied industry trend – grew by 34% in terms of new business premium at the end of FY 2012-13 Over Rs. 5,000 crore of AUM – ensuring superior risk adjusted returns. Have consistently outperformed our benchmark indices Over 1.74 million lives covered Wide network with 6000 touch points across 1000 cities and towns Over 30 awards won in a span of 3 years – across Operations, IT, Marketing and HR; including Company of the Year – Life Insurance at the Indian Insurance Awards, 2012 + Read More

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GST Number

27AADCB6215G1ZX

Term Assurance Plans
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Term Assurance Plans

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Affordable plans that let you take control of your family’s financial security in your absence.

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Micro Insurance Plan
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Micro Insurance Plan

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Microinsurance plans require are ideal for low income families and the unbanked rural population. They help reduce financial burdens by providing an adequate and dependable financial cover.

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Investment Plans Ulip
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Investment Plans Ulip

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Financial needs keep changing. Therefore, you need a solution that evolves to meet both insurance and investment needs.

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Retirement Plans
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Retirement Plans

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Continue living the life you’ve always aspired to live, even after retirement. Simply follow three basic disciplines - plan your goals, invest wisely and monitor your investments.

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Ensure Protection Plan
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Ensure Protection Plan

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Leave a legacy that lets your family live the way you’ve always wished even when you’re not around, while building yourself a stronger financial portfolio.

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Create Wealth Plan
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Create Wealth Plan

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 Insurance is an effective tool to help you create wealth as you plan for the future. Build your corpus by creating a financial plan that aligns with your future goals.

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Retirement Plan
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Retirement Plan

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 Planning your finances effectively in your youth means a stress-free retirement. Continue living the life you aspire to live, in your old age too!

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IndiaFirst Anytime Plan
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IndiaFirst Anytime Plan

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IndiaFirst Anytime Plan is an online pure term insurance plan that takes care of the financial needs of your loved ones in the event that you are not around.

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IndiaFirst Life Plan
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IndiaFirst Life Plan

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IndiaFirst Life Plan assures your family of a lump sum benefit in case of your untimely death.REASONS TO BUY INDIAFIRST LIFE PLAN
  • Enjoy a life cover for a period of up to 40 years
  • Assured benefit in case of life assured's untimely death
  • Under Section 80C, you can enjoy tax benefits on the premium you invest
  • Your family also gets a tax break on the benefits they receive from your plan under Section 10(10D)

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IndiaFirst Happy India Plan
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IndiaFirst Happy India Plan is an investment as well as a life insurance plan. It allows you to receive funds when you need it the most. It also takes care of your family in the face of uncertainties.REASONS TO BUY INDIAFIRST HAPPY INDIA PLAN
  • Receive a planned flow of funds during the most significant stages of your life
  • Receive lump sum benefit in case of unexpected demise of the policyholder
  • Stress-free premium payment in case of untimely demise of the policyholder – IndiaFirst Life will pay all the remaining premium
  • Option to switch funds
  • Partial withdrawal lets you easily access your funds
  • Plan terms available are 10, 15, 20 or 25 years
  • Avail tax benefits under Section 80 C and Section 10 (10D) as per prevailing Income Tax Laws

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IndiaFirst Money Balance Plan
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The IndiaFirst Money Balance Plan is a unit-linked insurance plan, it gives you the best of both worlds – investment and security. With this plan your money is automatically transferred to safer funds. It diversifies your funds and reduces risks while building a secure future.REASONS TO BUY INDIAFIRST MONEY BALANCE PLAN
  • Optimise your investments with the help of our ‘automatic trigger-based' investment strategy
  • It automatically transfers your investments to safe funds for regular returns
  • Pay your premium either regularly for a limited period, or through a single payment
  • Safeguard your family’s future through a life cover, in case of the life assured's untimely demise
  • Get easy access to your money through partial withdrawals
  • Avail tax benefits under Section 80 C and Section 10 (10D) as per prevailing Income Tax Laws

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IndiaFirst Smart Save Plan
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The IndiaFirst Smart Save Plan combines the benefits of both an insurance cover as well as a wealth builder. Depending on your risk appetite, it uses market-linked investments to help you save systematically and build your wealth portfolio.REASONS TO BUY INDIAFIRST SMART SAVE PLAN
  • Build your savings systematically, through investments in various funds.
  • Life cover in case of the life assured's untimely death.
  • Invest in 4 funds across different asset classes, where you choose the proportion of your investment based on your risk appetite.
  • Optimise investments by ‘switching' or ‘redirecting your premium' from one fund to another.
  • Protect your savings by transferring your investments into a liquid fund over the last 3 years of the plan.
  • Get easy access to your money through partial withdrawals.
  • Avail tax benefits under Section 80 C and Section 10 (10D) as per prevailing Income Tax Laws.

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IndiaFirst Cash Back Plan
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IndiaFirst Cashback Plan guarantees payouts at regular intervals to meet your immediate needs and an assured maturity payout to secure your future.REASONS TO BUY INDIAFIRST CASH BACK PLAN
  • Ensures your family's financial security in case of the life assured's unfortunate demise by paying higher of 10 times the annualised premium or sum assured on maturity along with accumulated guaranteed additions.
  • Meet your short and medium term financial goals through regular assured payouts
  • Boost your investments through Guaranteed Additions
  • Enjoy long term investment benefits by paying only for a limited period
  • Avail tax benefits on the premium you invest under Section 80 (C) as per Income Tax laws.
  • You also get tax benefits on the benefits you receive at regular intervals or on maturity of your plan under Section 10 (10D) as per Income Tax laws.

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India First Mahajeevan Plan
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IndiaFirst Maha Jeevan Plan is a participating, non-linked endowment plan that offers an assured maturity amount plus a revisionary bonus declared by the company every financial year end and terminal bonus, if any.REASONS TO BUY INDIAFIRST MAHA JEEVAN PLAN
  • Accumulate your savings systematically, through regular premium contributions based on your income and needs
  • Plan your future needs and decide when you need the assured amount - anytime between 15 – 25 years
  • Prosper with the guaranteed maturity amount (sum assured) + the bonus (if any)
  • Enjoy additional earnings through terminal bonus (if any)
  • Enhance the plan benefits with IndiaFirst Term Rider and get a death benefit equal to the rider sum assured in case of the life assured's untimely demise.
  • Avail tax benefits under Section 80 C and Section 10 (10D) as per prevailing Income Tax Laws.

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India First Simple Benefit Plan
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IndiaFirst Simple Benefit Plan offers protection as well as an opportunity to save for the future. The plan pays out an assured amount plus bonuses on specific events like death or maturity.REASONS TO BUY INDIAFIRST SIMPLE BENEFIT PLAN
  • Invest as low as Rs. 174 on a monthly basis
  • Assurance of guaranteed payout
  • Flexibility in saving towards your future
  • Over the counter plan issuance with simplified underwriting for a Sum Assured up to Rs. 2 Lacs
  • Access your money during emergencies by availing a loan of up to 90% of surrender value
  • Enjoy tax benefits on the premium you invest under 80 (C) and maturity benefits under Section 10 (10D), as per the Income Tax Act, 1961

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IndiaFirst Guaranteed Retirement Plan
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IndiaFirst Guaranteed Retirement Plan is a guaranteed financial protection plan for your second innings. It offers you the option to earn guaranteed returns for the initial years in the plan and an opportunity to further build your retirement corpus through bonus, thereon.REASONS TO BUY INDIAFIRST GUARANTEED RETIREMENT PLAN
  • Guaranteed peace of mind – earn assured returns and strengthen your finances
  • Stay ahead of inflation through your consistently growing retirement corpus with bonuses in the latter years
  • Multiple options to invest at your own pace – regular, limited or single premiums
  • Start early and build a corpus for the future
  • Maximize your retirement pool, up to a term of 40 years
  • You are eligible for tax deductions on premiums paid under this plan as per Section 80 (CCC) of the Income Tax Act, 1961 as per Income Tax Laws
  • Death benefits are tax free under Section 10 (10D) of the Income Tax Act, 1961
  • Tax benefit on commuted amount which is currently up-to 1/3rd of the maturity / vesting amount under Section 10(10A) of the Income Tax Act, 1961

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IndiaFirst Immediate Annuity Plan
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The Immediate Annuity Plan is designed to help you maintain your choice of lifestyle post retirement. It helps you cope with your healthcare costs and stay ahead of inflation.REASONS TO BUY INDIAFIRST IMMEDIATE ANNUITY PLAN
  • Empowers you to choose your retirement age, between 40 and 80 years
  • Enjoy complete financial independence by receiving a definite regular monthly/ quarterly/ half-yearly/ yearly income throughout your years of retirement
  • There are 4 different annuity options to choose from life annuity, life annuity with return of purchase price, joint life last survivor annuity for life and annuity certain for a period of 5 years/ 10 years/ 15 years
  • Choose the joint life option to support your spouse through annuity proceeds, even in your absence
  • Choose return of purchase price option to protect your nominees as they can get back the investment amount
  • Enjoy a comfortable retirement for a defined time, under the option of annuity certain for a period and life thereafter
  • Existing individual, deferred and group deferred annuity policyholder/ member/ beneficiaries can avail the benefits of the plan anytime between 0 to 99 years

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Indiafirst Csc Shubhlabh Plan
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Enjoy the convenience of smaller savings with CSC Shubhlabh Plan, a low premium insurance plan that protects your family from life’s uncertainties while growing your investment year on year.REASONS TO BUY INDIAFIRST CSC SHUBHLABH PLAN
  • Enjoy hassle-free enrolment by simply providing your name and Aadhaar number
  • Guaranteed minimum floor rate of 1.0% per annum on the account value during the plan term
  • Guaranteed additional interest of 4% p.a. for the first 5 plan years and 0.5% p.a. for the subsequent years
  • Avail easy access to your funds after five years through partial withdrawals
  • Make additional payments through the top-up facility anytime during the year
  • Pay premiums monthly, half-yearly, and yearly
  • Avail tax benefits under Section 80 C and Section 10 (10D) as per prevailing Income Tax Laws

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Star First Combi Plans
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Star First Combi Plans

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Protecting your family from any uncertainties of life has seen a shift from being a luxury to a basic need. We bring to you our special product that offers a combination of Life and Health cover under a single roof with five options to choose from: Star First Optima, Star First Delite, Star First Care, Star First Comprehensive, Star First Classic. You can ensure that no untoward event upsets the well-being of your loved ones not only in your absence but also in your presence. Your family can now benefit from the comprehensive health offering in the product, as well as from the life cover to which will protect them in case of an unfortunate demise of the policyholder.

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Micro Insurance Plan
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Micro Insurance Plan

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Microinsurance plans require are ideal for low income families and the unbanked rural population. They help reduce financial burdens by providing an adequate and dependable financial cover.

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Individual Plans Solutions
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IndiaFirst Life Wealth Maximizer Plan
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Traditional Savings Plans
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Turning your dreams into reality while securing your family’s future is now possible. Begin your savings journey with plans that are tailor-made for people who are risk averse.

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While everyone may need life insurance, they do not ask for it. Many believe life insurance is difficult to understand, the selling process is pushy or cumbersome and the benefits are not really useful. That's why we offer you simple, easy to understand life insurance plans with real benefits at a good price, backed up by efficient service. We try hard to explain to you both the pluses and minuses in every plan - there is no small print in any of our plans. We do believe taking care of our customers' interests is the best way to promote our business.

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Tax planning is not only a basic duty of every one of us but is also important for our own financial planning. It helps you reduce your income tax liability and also ensures a better future due to compulsory savings in highly safe government approved schemes. You should choose your investment options in such a way, that the post-tax yield is the highest possible keeping in mind the basic parameters of safety and liquidity. Life insurance plans are an effective way to save taxes. You may choose from a variety of life insurance plans based on your life stage and risk appetite.

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Traditional Saving Plans

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Traditional or conventional plans are the oldest types of insurance plans available. These plans cater to customers with a low risk appetite. Hence investment returns are not very high with a major part of the investible funds being diverted to debt instruments. They usually invest in low risk return options and offer guaranteed maturity proceeds along with declared bonuses (if applicable). Withdrawals are generally not allowed before maturity. At IndiaFirst we offer you the IndiaFirst Secure Save Plan along with the IndiaFirst Term Rider to help you secure your dreams.

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ULiP

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A Unit Linked Insurance Plan (ULIP) is a life insurance plan, which offers the dual benefits of protection as well as savings. The protection component is the insurance cover while the savings component is that portion of the premium that is invested by the insurance company on your behalf in a fund/(s) of your choice. The first one is called Death Benefit and the second one, Maturity Benefit. At present, we provide you the IndiaFirst Smart Save Plan and the IndiaFirst Young India Plan to help you fulfill your dreams while ensuring the financial security of your loved ones.

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Protection of Terms

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Protection plans protect the family against the ‘cash flow risk' of the untimely death of the breadwinner. This is a real risk most of us underplay. Everything does not go as planned. Life throws up nasty surprises. The only way to somewhat reduce the pain of death in the family is to make sure that at least financially the family is secure. Protection plans protect your family financially from unforeseen circumstances. At India First, we provide you the India First Life Plan, India First Simple Life Plan and IndiaFirst Anytime Plan to cater to your risk protection requirements.

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