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Saral Pension Insurance

IndiaFirst Life Saral Pension Insurance

IndiaFirst Life Saral Pension Plan is a solitary premium, non – connected, non - partaking, person quick annuity strategy. The arrangement gives you with 2 unique choices to look over, to get a - customary pay on a Monthly/Quarterly/Halfyearly/Yearly premise as picked. This arrangement is intended to guarantee monetary prosperity of your retirement years.

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 Saral Pension Insurance Overview

Key Benefits
Eligibility

Key Benefits of IndiaFirst Saral Pension Insurance

Get the assurance of a lifetime income Choose from 2 different annuity options as per your need
Joint Life option to support your spouse even in your absence
Option to surrender the policy in case of diagnosis of defined critical illness’s
Receive a regular monthly / quarterly / halfyearly / yearly income through your retirement years as per your choice

Eligibility Criteria of IndiaFirst Life Cash Back Plan

Parameters	Criteria for eligibility
Minimum age at entry	40 years
Maximum age at entry	80 years 70 years (for policies sourced through POSP-LI & CPSC-SPV channels)
Premium Paying Term (PPT)	Single Premium: One-time payment at policy inception
Policy Term	This is a whole life product.

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