Indiafirst Life Insurance
IndiaFirst Life Insurance Company

IndiaFirst Life Insurance

Headquartered in Mumbai, IndiaFirst Life Insurance Company Limited is one of the youngest life insurance companies of India that started its journey in November 2009. It is a joint venture among the Bank of Baroda, Union Bank of India, and Carmel Point Investments India Private Limited. The company continues to be one of the fastest growing private insurance players in the industry with a 5-year-CAGR of 32% (individual new business APE), which is approximately 2.8 times that of the overall life insurance industry in India. To address the needs of the consumers, the company always tries to present unique and value-added life plans.

IndiaFirst Life Insurance has a customer-friendly approach and for that, it has come up with a sack full of life insurance plans ranging from retirement, term, ULIP to savings plans and many more to cater to the varied needs of the different individuals. To keep pace with the new-age demand the company focuses on the digitization initiatives and technology-driven forces across the complete value chain. The company believes in the mantra of #EmployeeFirst has helped us achieve our #CustomerFirst goals better.

Key Highlights Of The Company

To know more about the company, especially the key facts, have a look at the below table.

ParametersKey Highlights
Incurred claim ratio (in the financial year of 2020-2021)96.65%
Investment (AUM) as of March 31, 2020Rs. 2823.27 crores
Premium underwritten (in the financial year of 2019-2020)Rs. 3360.44 crores
Solvency Ratio (March 2020, for life insurance)1.72
Online plansAvailable
Equity Share Capital (as of March 31, 2020)Rs. 635.00 crores
Awards and Recognitions
  • Greatest Places to Work in BFSI 2021.
  • Social Samosa Sammie Awards 2021 for Best Use of Video Content.
  • 10th Global Customer Engagement Award in 2021.
  • Best Cyber Security Team of the Year in 2020.
  • E4M Indian Content Marketing Award in 2020.

Types of Life Insurance Plans Offered by IndiaFirst

As IndiaFirst Life Insurance has a customer-centric approach, it has come up with a bundle of need-driven life insurance plans such as term plan, ULIP plan, group plan, savings plan, and many more, along with different variants, to cater to the varied needs of the different individuals. To know more about these plans, have a look at them below.

1. IndiaFirst Term Insurance Plans

IndiaFirst Life Insurance has presented three term insurance plans and each of the plans has come up with a number of benefits and facilities. Let us know about the plans briefly.

Plan nameEntry agePolicy term
IndiaFirst Life Guaranteed Protection Plan

Minimum – 18 years

Maximum – 65 years

1 month to 81 years (depends on the chosen policy)
Online Term Plan (e-Term Plus Plan)

Minimum – 18 years

Maximum -45, 60, 65years (depends on the chosen policy)

5, 10, 20, 35, and 40 years
IndiaFirst Life Plan

Minimum – 18 years

Maximum – 60 years

5 years to 40 years
  • IndiaFirst Life Guaranteed Protection Plan – It is a flexible term insurance plan that offers you 7 different coverage options to choose from according to your preference and they are – Life Option, Life Plus Option, Incident Coverage Option, Long Term Care Option, Return of Premium Option, Dual Protect Option, and Covid-19 Cover. This plan offers protection against 40 critical illnesses, inflation, terminal illnesses, and also has come up with death benefit, return of premium option, retirement benefit, and accidental death cover. Under this plan, you can pay premiums through single, yearly, half-yearly, quarterly, or monthly modes.
  • Online Term Plan (e-Term Plus Plan) – This online term insurance policy offers you and your family financial support in case of any unfortunate events like Accidental Total Permanent Disability (ATPD), Critical Illness (CI), and Death and Accidental Death (ADB) and provides you with the flexibility to choose from 7 different coverage options such as Life Benefit, Life Benefit with Voluntary Exit Advantage Option, Life Protect Benefit, Income Benefit, Accidental Shield Benefit, Disability Shield Benefit and Critical Illness Protector Option. Under this policy, you can also receive the death benefit either as a lump sum or as a monthly income. However, this plan does not provide any maturity benefit.
  • IndiaFirst Life Plan – This term insurance plan offers comprehensive financial security to you and your loved ones even in your absence whereas it provides options from Rs. 1 lakh to Rs. 50 crores life cover. This plan takes care of your liabilities, debts and protects your assets to secure your family’s future in case of the unfortunate demise of the insured person. Under the prevailing income tax laws, you can enjoy tax benefits on premiums paid to this policy and benefits received.

2. IndiaFirst ULIP (Investment) Plans

IndiaFirst Life Insurance has come up with several Unit Linked Plans that offer the combination of investment and insurance to provide a secure life to the insured person. Here are the details of the ULIP plans offered by the company.

Plan nameEntry ageMaximum maturity age
IndiaFirst Money Balance Plan

Minimum – 5 years

Maximum – 65 years

70 years
IndiaFirst Smart Save Plan

Minimum – 5 years

Maximum – 65 years

75 years
IndiaFirst Life Wealth Maximizer Plan

Minimum – 5 years

Maximum – 55 years and 65 years

70 years and 90 years

IndiaFirst Money Balance Plan – It is a unit-linked endowment policy that comes with life cover benefits coupled with investment benefits to safeguard the family in case of the unfortunate, untimely demise of the insured person. You can also optimize your investments with the help of an ‘automatic trigger-based investment strategy and can pay the premiums through single, regular, and limited premium payment options. You can also do partial withdrawals after a certain period of time, in case of any financial emergency.

IndiaFirst Smart Save Plan – It is a unit-linked non-participating life endowment money savings plan that not only provides the benefits of life insurance cover but also enables you to receive market-linked returns through their four unique fund options namely Equity1 Fund, Debt1 Fund, Balanced1 Fund, and Value Fund, chosen according to your convenience. In case of a financial emergency, one can also do partial withdrawals after completing the lock-in period. One can also avail of the flexibility to choose policy terms from 10 years to 70 years under regular premium and 5 years to 20 years under single premium.

IndiaFirst Life Wealth Maximizer Plan – Along with the life insurance cover, this plan also enables you to have an opportunity to accumulate wealth and helps you to grow a systematic and exclusive customized portfolio with multiple investment strategies. To reap maximum benefits from your investments, this plan offers you unlimited free switches and you can also enjoy several add-on benefits such as loyalty benefit, profit booster, and loyalty advantage. To cope up with the increasing needs, this plan provides flexibility to pay the top-up premium, and also you can do systematic partial withdrawals any time after 5 years.

3. IndiaFirst Micro Life Insurance Plans

IndiaFirst Life Insurance has presented two micro insurance plans to cater to the needs of the individuals so that they can do goal-based financial planning at an affordable premium rate. Here are the details of these plans.

Plan nameEntry ageMaximum maturity age
IndiaFirst Life Micro Bachat Plan

Minimum – 18 years

Maximum – 45 years for policy term 10 years 50 years for a policy term of 15 years

55 years for policy term 10 years

65 years for policy term 15 years

IndiaFirst Life Insurance Khata Plan

Minimum – 18 years

Maximum – 40 years, 43 years, and 45 years

50 years

IndiaFirst Life Micro Bachat Plan – This plan is a non-linked, participating, limited pay micro-insurance plan, which is specially designed for small incremental savings for bigger life goals while you pay premiums just for 5 years. Under this plan, one can continue to enjoy life cover benefits for one full year, even if you have missed paying one premium and you can also boost your savings with an upside of annual bonuses. This plan offers death benefit, accidental death benefit, maturity benefit, and the tax exemption facility under the existing tax laws.

IndiaFirst Life Insurance Khata Plan – It is also a micro life insurance endowment plan that not only takes care of your family in case of the unfortunate untimely demise of the insured person but also returns more than your money if no untoward event takes place. Under this policy, the minimum sum assured is Rs. 1000 whereas the maximum is Rs. 2 lakhs. This plan offers you guaranteed assured benefit as a maturity benefit at the end of the policy term and you can pay through a single premium and get coverage for 5/7/10 years as per your choice.

4. Common Service Center Plans (CSC)

IndiaFirst Life offers an easy-to-understand CSC plan that has come up with dual benefits of protection and savings in one plan at an affordable premium rate. Look for the details of the plan below.

Plan nameEntry ageMaximum age at the end of the cover
IndiaFirst CSC Shubh Labh Plan

Minimum – 18 years

maximum – 55 years

65 years

IndiaFirst CSC Shubh Labh Plan – If you are planning for smaller savings at a low premium rate to protect your family from life’s uncertainties and also want to grow your investment year on year, this plan is ideal for you. This plan offers you guaranteed additional interest of 4% per annum for the first 5 plan years and 0.5% per annum for the subsequent years along with the guaranteed minimum floor rate of 1% per annum on the account value during the policy term. Under this plan, you can also make additional payments through the top-up facility anytime during the years and you are eligible to avail of the tax benefits under Section 80C and Section 10 (10D) as per the existing Income Tax Laws.

5. IndiaFirst Saral Plans

IndiaFirst Life’s Saral plans have been designed with standardized and comprehensive benefits keeping in mind the needs and specific financial goals of the policy-seekers to secure them and their families future. Look at below for further details.

Plan nameEntry agePremium amount
IndiaFirst Life Saral Jeevan Bima Plan

Minimum – 18 years

Maximum – 65 years

Minimum – Rs. 1300 per annum

Maximum – Rs. 3,18,000 per annum

IndiaFirst Life Saral Pension Plan

Minimum – 40 years

Maximum – 70 years and 80 years

Minimum – Rs. 1 lakh

Maximum – No upper limit

  • IndiaFirst Life Saral Jeevan Bima Plan – It is a non-linked non-participating individual pure term insurance policy that offers financial security to your family in case of the unfortunate and untimely demise of the insured person. The minimum sum assured value for this policy is Rs. 5 lakhs and the maximum value is Rs. 50 lakhs whereas the minimum age at the end of the plan is 23 years and the maximum age for the same is 70 years. This plan also secures you and your family from Covid-19 as it offers a lump sum amount in case of death due to Covid-19 and has come up with a tax exemption facility.
  • IndiaFirst Life Saral Pension Plan – This is a non-linked, non-participating, individual immediate annuity policy that offers you the flexibility to choose from two different options, namely, Life Annuity with Return of 100% of Purchase Price and Joint Life Last Survivor Annuity for Life with Return of 100% of Purchase Price to secure your golden days of retirement. This plan helps to general a systematic flow of income in the post-retirement days whereas you have the flexibility to choose any of the income options, monthly, quarterly, half-yearly, and yearly. Tax benefits are available under this policy on the premium paid towards the plan and the benefits received.

6. IndiaFirst Child Plans

To keep your child’s future and needs to be protected, even if you are not around, IndiaFirst Life has presented one child-centric insurance plan. Scroll down for more details.

Plan nameEntry ageSum assured
IndiaFirst Life Little Champ Plan

Minimum – 21 years

Maximum – 45 years

Minimum – Rs. 1.5 lakhs for premium payment term of 7 to 9 years.

Rs. 2 lakhs for premium payment term of 10 to 14 years

Maximum – No Upper limit

  • IndiaFirst Life Little Champ Plan – If you want to avail of a guaranteed payout to secure your child’s future and also want to provide comprehensive financial protection to your child even in your absence, this plan is for you. Under this plan, you have the flexibility to choose from 8 pay-out options offering guaranteed payouts from 101% to 125% of the sum assured, during the policy term, as per your convenience. This plan offers secured growth of your investments through bonus accumulation and the flexibility to choose policy terms, premium payment terms, and premium payment modes according to your needs.

7. IndiaFirst Retirement Plans

For securing your golden days of life in the post-retirement days and to provide a regular flow of income, IndiaFirst Life Insurance has come up with three different retirement plans with varied benefits. See more, for further details.

Plan nameEntry agePremium amount
IndiaFirst Guaranteed Retirement Plan

Minimum – 25 years (regular and limited premium)

0 years (single premium)

Maximum – 55 years (regular premium). 70 years (limited premium). 75 years (single premium)

Minimum – Rs. 5 lakhs and Rs. 1 lakh

Maximum – Subject to underwriting

IndiaFirst Immediate Annuity Plan

Minimum – 18 (2nd annuitant) years and 40 years

Maximum – 80 years

Minimum – Rs. 3 lakhs

Maximum – Subject to underwriting

IndiaFirst Life Guaranteed Annuity Plan

Minimum – 40 years

Maximum – 80 years

Minimum – Rs. 1 lakh

Maximum – Subject to underwriting.

  • IndiaFirst Guaranteed Retirement Plan – It is a kind of retirement plan that not only allows you to earn guaranteed returns for the initial years of the plan but also offers you an opportunity to build your retirement corpus through bonuses to fight against future inflation and to keep your golden days of retirement secured and financially strong. You can also reap maximum benefits by investing up to a policy term of 40 years. This plan offers you the flexibility to choose from single, regular and limited premium options according to your convenience.
  • IndiaFirst Immediate Annuity Plan – If you want to generate a systematic flow of income (monthly or quarterly or half-yearly or annually) in your post-retirement days and to cope-up with the sky-rocketing healthcare expenses and to fight against future inflation, this plan is ideal for you. This plan offers four different life options to choose from as per your need, namely, 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 or 10 years or 15 years. Existing individual, deferred and group deferred annuity policyholders of the beneficiary or member can avail of the benefits and the facilities of the plan anytime between 0 years to 99 years.
  • IndiaFirst Life Guaranteed Annuity Plan – This retirement plan offers you to choose from 12 different annuity options as per your requirements and promises you to provide regular lifetime systematic income throughout the pre-decided period, irrespective of an unfortunate event and life thereafter, in your second innings of life. By choosing Escalating Life Annuity option, you can avail of an annuity amount growing at a constant rate, whereas, with the deferred Life Annuity Option, you can delay your annuity installments in sync with your needs. With this plan, you can not only stay protected in your retirement days but also safeguard the life of your loved ones along with that you can fight against the incurred medical expenses and the inflation rate.

8. IndiaFirst Savings Plans

Several traditional savings plans have been offered by IndiaFirst Life to allow you to avail of multiple ways to save, invest and grow your money to secure yourself and your beloved ones. Have a look at the below for further details.

Plan nameSum assuredEntry age
IndiaFirst Life Mahajeevan Plus pLan

Minimum – 1 lakh to 2 lakhs

Maximum – No upper limit

Minimum – 1 month (20-years policy term), 3 years (15-years policy term)

Maximum – 55 years

IndiaFirst Life Cash Back Plan

Minimum – Rs. 50,000

Maximum – No upper limit

Minimum – 15 years

Maximum – 45 years (9-year plan), 50 years (12-year plan), 55 years (15-year plan)

IndiaFirst Life Long Guaranteed Income Plan

Minimum – Rs. 2,40,000

Maximum – No upper limit

Minimum – 8 years (for Definite Income Option)

30 years (Whole of Life Income Option)

Maximum – 29 years (for Definite Income Option)

60 years (Whole of Life Income Option)

IndiaFirst Life Guaranteed Monthly Income Plan

Minimum – 18 years

Maximum – 50 years

Depends on several factors like age, gender, annual premium, etc.
  • IndiaFirst Life Mahajeevan Plus Plan – It is a non-linked, participating, individual, limited pay, money back, endowment plan that allows you to receive timely assured payouts, and offers you to choose any of the riders, IndiaFirst Term Rider, and IndiaFirst Life Waiver of Premium Waiver to enhance the benefits of your plan. With this plan, you are eligible to receive 103% of your annualized premiums at the end of your 3rd, 7th, and 11th policy year. Under this plan, apart from the tax benefits, you can also enjoy various discounts on paying your renewal early and you can avail of the upside of earnings with an annual bonus.
  • IndiaFirst Life Cash Back Plan – This plan is specially designed to provide financial security as it has come up with a risk cover of higher of 10 times the annualized premium or the sum assured on maturity along with accumulated guaranteed additions. This plan ensures that you can meet your short- and medium-term financial goals with the help of regularly assured payouts and this long-term investment benefits you can achieve by only paying for a limited period. The maximum age of maturity of this plan is 70 years and you are also eligible for availing of the tax benefits with this policy.
  • IndiaFirst Life Long Guaranteed Income Plan – If you want to pay for a shorter period of time but want to enjoy long-term benefits, this plan is for you as it not only offers guaranteed income to fulfill your financial goals but also its definite income option gives a boost to your lifestyle needs. Under this plan, the return of total premiums is paid at the end of the income benefit period and you can still continue to avail of the full life cover benefits, even if you have missed paying one premium. If you go for the Whole of Life Income Option, you can enjoy guaranteed income till the age of 99 and with the Riders options, you can also enhance the strength of your policy.
  • IndiaFirst Life Guaranteed Monthly Income Plan – It is a non-linked, participating, limited premium, life insurance plan that promises you guaranteed income regularly, every month to set and achieve bigger goals in life. Under this plan, you can receive from 105% to 1125% of your premiums annually and can also enhance your savings with the help of a bonus at maturity while protecting your loved ones through a life cover in case of unfortunate, untimely demise of the insured person. This is a customer-centric plan that can be customized as per your need.

Apart from the above-mentioned plans, IndiaFirst Life Insurance Company has also come up with several other savings plans. They are – IndiaFirst Simple Benefit Plan, IndiaFirst Smart Play Plan, and IndiaFirst Life Guaranteed Benefit Plan.

9. Point of Sale Policy (POS Plan)

IndiaFirst has presented one POS plan to offer you double benefits of protection and savings to secure your financial needs. Here is a brief detail of the plan.

Plan nameEntry ageSum assured
IndiaFirst Life POS Cashback Plan

Minimum – 15 years

Maximum – 45 years (9-year plan), 50 years (12-year plan), 55 years (15-year plan)

Minimum – Rs. 50,000

Maximum – No upper limit (subject to underwriting)

  • IndiaFirst Life POS Cashback Plan – This plan ensures your family’s financial security with a risk cover of higher than 10 times the annualized premium or sum assured on maturity along with the option of boosting your investments through accumulated guaranteed bonus. Under this plan, the tax benefits are available as per the existing Income Tax Laws. With this plan, you can also enjoy long-term investment benefits by just paying for a limited period.

Why Should You Select Life Insurance Plans From IndiaFirst?

As the market is flooded with different life insurance companies that offer various life plans along with a number of variants and varied benefits, it really becomes confusing for policy-seekers to find out a good life insurer that can cater to his/her needs. But, if you keep in mind certain parameters while evaluating and selecting one company, the job would be easier. For your betterment, after evaluating all the potential parameters, it has been found that IndiaFirst Life Insurance Company is capable enough to stay on your bucket list. Here are the reasons for that.

Claim Settlement Ratio – You buy a life insurance plan so that it can safeguard you from different life incidents and can be beside you, whenever you need it the most. For that, the claim settlement ratio plays an important role as it indicates the company’s credibility. As per the IRDA Annual Report, the incurred claim settlement ratio for IndiaFirst Life Insurance is 96.65% in the financial year of 2020-2021, which is not only higher than many life insurers but also proves its capability to pay off your claims. So, it is certainly good to go.

Market Share – According to the IRDA Annual Report the premium underwritten in the financial year of 2019-2020 of IndiaFirst Life Insurance is Rs. 3360.44 crores, which is a healthy amount and also highlights the company’s capability to handle any financial situation in near future. So, once you have bought a life insurance plan from the company, you can stay totally relaxed.

Solvency Ratio – A solvency ratio stands for the potential of the company to meet its long-term financial goal. It is more likely that if a company has a higher solvency ratio, the company is more capable to pay off the lump sum claim amount of its clients. According to the IRDA Annual Report, the solvency ratio for IndiaFirst Life Insurance is 1.72 as of March 2020. This data indicates that not only you can get your claim amount easily, but also the company is financially strong enough to stay with its customers.

Distribution Network – IndiaFirst Life Insurance is the joint venture of three tycoons – Bank of Baroda, Union Bank of India, and Carmel Point Investments India Private Limited. These banks have branches spread all over the country that offer the life insurance plans of IndiaFirst Life. Apart from that, the company is well connected with its customers through various business partners and licensed and registered agents. So, whenever you need anything from the company, you can easily find them within your vicinity.

Technology-driven Company – Keeping pace with the growing demand of the online facility, IndiaFirst has come up with a sack full of online life plans. Their official website is built in a way that you can do almost every policy-related work there, such as managing your profile, registering a claim, updating your nominee, and many more. Apart from these, their Go-Green initiative (paperless transaction) and mobile branches further push the company to become a technology leader in the industry.

Number of Plans – If your chosen company has matched every parameter, but does not have enough plans to address your needs, then it would be of no use. Because, if an insurer possesses a wide range of life plans, it would be easier for a policy-seeker to find out the more suitable one for him. IndiaFirst Life Insurance has come up with a sack full of life insurance plans from which you can easily find one that can cater to your every need.

Customer Service – IndiaFirst Life Insurance always gives priority to its valuable customers. That is why it always maintains transparency with its customers and also stays well connected. You can contact this insurer just by calling them or by sending mail. You can also avail yourself of the live chat option and raise questions anytime you want. So, whenever you need them, you can always find the company beside you.

Calculate Premium for IndiaFirst Life Insurance?

You can easily calculate the premium amount for your chosen policy of IndiaFirst Life Insurance by just visiting their official website. But this premium amount depends on multiple factors such as age, gender, policy paying term, policy term, and many more. For your better understanding, here is an example.

Mr. Roy is a 36-year-old businessman who is a non-smoker and opts for IndiaFirst Life Guaranteed Protection Plan. Let us find out how much premium he has to pay for different sum assured options.

AgeSum assuredPolicy termPremium payment frequencyPayout OptionType of premium paymentPremium payment termPremium amount (Including GST)
36Rs. 50,00,00040 yearsYearlyLump sum payoutLimited premium34 yearsRs. 13,252
Rs. 5500000Rs. 14,577
Rs. 60,00,000Rs. 15,902

How To Purchase IndiaFirst Life Insurance Plans?

IndiaFirst offers few life insurance plans that can be bought online, whereas the rest of the life plans can be purchased offline. To know about both processes of online and offline buying, have a look at the below details.

Online Buying Process:

To avail of a seamless online buying process for IndiaFirst Life plans, have a look at the below steps.

  • Go to the official website of the company.
  • Select the desired plan under the ‘plans’ option and click on that.
  • Click on the ‘Get Quite’ tab and fill in the necessary personal details.
  • Then again click on the ‘Proceed’ option and put the desired and required details regarding the policy and submit.
  • The required premium for the chosen policy and given details will be displayed before you.
  • Pay the premium amount and on successful payment, you will be notified via message or mail.

Offline Buying Process:

To enjoy a hazard-free and easy offline buying process under IndiaFirst Life, follow the below details.

You can buy a life plan offline by visiting the nearest official branch of the company and their experts will guide you through the process seamlessly. For this, you can also contact the insurer by calling them or via mail and you will be guided thoroughly for the same. Apart from these, you can also contact one of the licensed and registered agents of the company to seek help. They are efficient enough to lead you through the process effortlessly.

But if you face any issue to buy a life plan with the help of the aforementioned methods, you can also contact Probus Insurance for the same.

What is The Claim Process For IndiaFirst Life Insurance?

To avail of an effortless and easy claim process for IndiaFirst Life, follow the below steps.

  • As soon as the event happens, you need to register your claim. You can register the same online by visiting the company’s official website or by calling on the contact number or sending a mail to the insurer or by visiting the nearest branch of the company.
  • Submit the duly filled and signed claim form along with all the required documents such as doctor’s certificate, death certificate, hospital bills and, etc.
  • All the submitted documents will be verified and scrutinized by the company.
  • If no discrepancy is found, your claim will be accepted and an acknowledgment letter will be sent to you along with a unique claim number for further reference on behalf of the company.
  • If any further documentation is required, the company will intimate you about the same.
  • All the claim-related information will be shared with you on your registered contact details such as SMS, email, and letters.
  • The company will process the claim within 15 calendar days if the claim warrants no investigation and all the mandatory documents have been submitted properly.

Frequently Asked Questions

Here are the frequently asked questions about IndiaFirst Life Insurance:

1. What are the additional boosters available under the IndiaFirst Life Wealth Maximizer Plan?

The additional boosters are Loyalty Benefit, Profit Booster, and Loyalty Advantage.

2. What are the insurance calculators available under IndiaFirst Life Insurance?

They are – Income Tax Calculator, Retirement Planning Calculator, Term Premium Calculator, Pai Up Calculator, and EMI Calculator.

3. Is GST payable on the premiums of all of my life policies under IndiaFirst?

Yes, except for insurance plans like the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in which the indirect tax exemption is expected to be continued.

4. How to renew my policy under IndiaFirst Life?

To renew your existing policy, go to the official website of the company and under the ‘Customer Service’ tab click on the ‘Pay Renewal Premium’ option. Then fill in the necessary details like policy number, date of birth, and mobile number or email address and continue. The renewal amount will be displayed for the chosen policy. Pay the premium and you will receive a notification about the same.

5. When does the life cover start for a minor under the IndiaFirst Life Money Balance Plan?

Life cover for a minor starts at the end of two years from the date of commencement of the plan or at the first monthly plan anniversary after attainment of majority, whichever is first.

6. What are the additional riders available for the IndiaFirst Life Little Champ Plan?

You can choose from optional riders or risk covers that are beneficial in the case of accidental death, permanent disability, and critical illness.

7. What are the required documents for Individual Life Claims under IndiaFirst Life Insurance?

Here are required documents for individual life claims:
  1. Completely filled and signed claim form.
  2. Original policy document(s).
  3. Original death certificate/ attested copy of death certificate.
  4. Copy of ID & address proof of nominee.
  5. Copy of bank passbook along with a canceled cheque of nominee’s personal account.
  6. Copies of identity and age proof of the life insured.
  7. Copies of First Information Report, Post Mortem Report, Panchnama, duly attested by police officials, in case of unnatural deaths including accidents, murder, suicide, etc.
  8. Copy of hospitalization documents (discharge summary, all investigation/diagnosis reports) in case the member was treated for any illness related to the cause of death.
All the copies should be self-attested.

8. How can I update my contact details online for my IndiaFirst Life plan?

For updating the contact details online for your life plan, go to the ‘Update Contact Details’ option under the Customer Service tab. Put your policy number and fill in the necessary information and update your contact details.

9. What is the maximum maturity age for IndiaFirst Life Money Back Policy?

The maximum maturity age is 70 years for IndiaFirst Life Money Back Policy.

10. What are the different modes available for IndiaFirst Life to send documents for any request?

The different modes are:
  • Email: on customer.first@indiafirstlife.com
  • Fax: on 022 33259600
  • Visit any of the IndiaFirst Life branches
  • Courier: Send your documents to the Head Office or to any of IndiaFirst Life Branch Address
    1. For claims-related requests address it to – ‘Claim Department’
    2. For any other requests or concerns address them to – Customer Service
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