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Little Champ Insurance

IndiaFirst Life Little Champ Insurance

IndiaFirst Life Little Champ Plan offers you ordinary ensured payouts for financing your youngster's fantasy. Additionally secure youngster's future even in your nonappearance with exhaustive monetary assurance.

Protection of dreams of the loved ones through an in built Waiver of premiums (WOP)
Get the advantage of choosing the Death benefit as a lump sum pay out or as regular income
Choice of policy terms / premium payment terms and payment modes to suit your needs.
Secured growth of your investments through bonus accumulation.

IndiaFirst Life insurance review

Distribution - Number of branches pan India (March 2019)
29

Entry Age Minimum/Maximum (Years) - Term Plans
18/60

Sum Assured Minimum / Maximum - Term Plans
1 lac / 50 crs

Policy Term Minimum / Maximum (Years) - Terms Plans
5/40

Solvency Ratio (FY 2018-19) *
1.74

Number of Policies Sold (Ind+Group) *
50,359

Number of Lives Covered (Ind+Group) **
50,438

Claims Settlement Ratio (Ind+Group) ***
94.23%

* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20 | *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

IndiaFirst Little Champ Insurance Overview

Key Benefits
Eligibility

Key Benefits of IndiaFirst Little Champ Insurance

Life cover to give monetary assurance to the family.
Adaptability to pick the kind of cover – passing with coincidental demise or incidental complete lasting inability or the mix of these two alternatives.
Waiver of premium if there should arise an occurrence of unintentional complete perpetual handicap advantage is picked.
Different payout choices to get demise benefits.
The last portion payout at development will incorporate basic rewards gathered alongside ensured payouts.

Eligibility Criteria of IndiaFirst Life Cash Back Plan

	Minimum	Maximum
Minimum age at entry	21 years	45 years
Premium Paying Term (PPT)	15 years	25 years
Policy Term	7 years	14 years
Sum assured for PPT 7-9 years	Rs. 1,50,000	No-limit
Policy Term	Rs. 2,00,000	No-limit

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025