India Life

IndiaFirst Guaranteed Protection Insurance

IndiaFirst Life Guaranteed Protection Plan is a non – linked, non - participating, term insurance policy, designed to ensure financial security of your loved ones in case of unfortunate events.
  • This policy will provide the needed financial support for you and your loved ones in case of Accidental Total Permanent Disability (ATPD), Critical Illness (CI), Death and Accidental Death (ADB), Degenerative Diseases or Terminal Illness (TI).
  • There are 7 plan options available under this plan. You can select any of the options as per your requirement at policy inception.
  • You can also choose to receive the benefits of this policy in the form of a lump sum or lumpsum & level/ increasing income as per the chosen coverage option.
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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

Eligibility Criteria

Parameters Criteria for eligibility
Minimum age at entry 18 Years as on Last Birthday
Maximum age at entry 65 Years as on last Birthday
Minimum Sum Assured Covid Cover – Rs. 1,00,000
Incidence Coverage and Return of Premium – Rs. 25,00,000
For All Others – Rs. 50,00,000
Maximum Sum Assured For Incidence Coverage Options – Rs 1 Cr.( for ADB/ ATPD & CI Sum Assured)
For All Others – No Limit, Subject to BAUP
Maximum Maturity Age 99 Years for all plan options except:
Incidence Coverage Option and Long term Care option – 80 Years
Return of Premium Option – 85 Years
COVID Cover – 70 Years
Minimum Premium Yearly – Rs.2,000 : Half Yearly – Rs.1,024 : Quarterly – Rs.518 : Monthly -Rs.174, Single Premium - Rs.100
Maximum Premium No Limit, As per Board Approved Underwriting Policy
Modal Factor for non-Annual policies Half-Yearly – 0.5119 : Quarterly – 0.2590 : Monthly : 0.0870

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