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IndiaFirst Guaranteed Protection Insurance

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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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