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IndiaFirst Life POS Cashback Insurance

IndiaFirst Cash Back Plan is a nonparticipating Money Back Plan. The arrangement offers pay-outs at customary spans to address monetary issues. Alongside liquidity, the arrangement offers passing, endless supply of policyholder, the chosen one gets higher of multiple times the annualized premium or total guaranteed on development alongside gathered ensured augmentations.

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 Life POS Cashback Insurance Overview

Key Benefits
Eligibility

Key Benefits of IndiaFirst Life POS Cashback Insurance

Guaranteed pay-outs – at regular intervals.
Limited Premium Paying Term – 5, 7 and 10 years.
Guaranteed additions – after every policy anniversary.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1, 50,000 are allowed as a deduction from the taxable income each year under section 80C
Provides death benefits as well as maturity benefits.
Provides the benefit of tax exemption.

Eligibility Criteria of IndiaFirst Life POS Cashback Insurance

Parameters	Minimum	Maximum
For a 9 year plan	15 years	45 years
For a 12 year plan	15 years	50 years
For a 15 year plan	15 years	55 years
Maximum age at maturity	70 years

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