India Life

IndiaFirst Life Long Guaranteed Income Insurance

We all want to ensure that our loved ones are never short in terms of financial resources to live the life of their dreams. While we cannot foresee our future, we can definitely make plans to ensure that the dreams of our loved ones are never compromised, thereby providing a strong 'foundation' of financial security for them. Presenting Tata AIA Life Insurance Sampoorna Raksha Plan, a pure term insurance plan that provides financial protection to your family.

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IndiaFirst Life insurance review

IndiaFirst Life Insurance plans
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 Life Long Guaranteed Income Insurance Overview

  • Key Benefits
  • Eligibility

Key Benefits of IndiaFirst Life Long Guaranteed Income Insurance

  • Maturity Benefit: At the time of maturity, the life insured receives the simple reversionary bonus along with terminal bonus, if any. In case, the payout period is approximately 15 years, then the insured is paid the regular amount which is pre-defined percentage of sum assured.
  • Death benefit: If there should be an occurrence of heartbreaking occasion of death of the guaranteed during premium paying term, the candidate of the strategy gets the essential total guaranteed sum alongside the reversionary rewards and terminal reward, assuming any. What's more, the payouts are conveyed for the following 15 years or as referenced in the approach. If there should arise an occurrence of destruction of the guaranteed after premium paying term or during the payout period, the candidate gets the aggregate guaranteed sum alongside different advantages.
  • Income Tax Benefits: Tax deduction under Section 80(C) is available every year and tax exemption under Section 10(10D) is available on the maturity proceeds, subjected to the terms and conditions.
  • Offers vested reversionary bonus along with terminal bonus, if any, at the time of maturity.
  • Provides death benefits as well as maturity benefits.
  • Provides the benefit of tax exemption.

Eligibility Criteria of IndiaFirst Life Long Guaranteed Income Insurance

Parameters Criteria for eligibility
Minimum age at entry 8 years for Definite Income Option
30 years for Whole of Life Income Option
Maximum age at entry 29 years for Definite Income Option
60 years for Whole of Life Income Option
Minimum age at maturity 18 years for Definite Income Option
40 years for Whole of Life Income Option
Maximum age at maturity 80 years39 years for Definite Income Option
70 years for Whole Life Income Option

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