IndiaFirst Life Insurance Price List in India
IndiaFirst Life insurance company was established in November 2009 and is headquartered in Mumbai. IndiaFirst Life Insurance Company Limited is the fastest growing and one of India’s youngest life insurance companies. The company has a paid-up share capital of INR 663 crore. The cost of IndiaFirst life insurance varies depending on the type of policy that you choose to buy.

IndiaFirst Life Insurance Company is a joint venture between the three public sector banks such as Bank of Baroda holds a stake in IndiaFirst Life Insurance Company of 44% and Union Bank of India (Andhra Bank) holds a stake of 30%, and the UK's financial and Investment Company, Legal General. Now it changed to Carmel Point Investments India Private Limited holds a stake of 26%.
As a private sector entity, the company holds 2 percent of the stock market share in a retail business and is recorded more than INR 2 billion in turnover in just a few months since the insurance company became operational. The company has more than 2800 employees to give the best services to the customers. The company achieved India Customer Excellence Award 2019 for excellence in customer service.
IndiaFirst Life Insurance Plans:
IndiaFirst Life insurance company provides simple, affordable, and efficiently served life insurance products. It includes term plans, child plans, retirement plans, saving plans, and Unit linked insurance plans, etc.
Term Insurance Plans:
1) IndiaFirst Life Guaranteed Protection Plan
Guaranteed Protection Plan is a comprehensive term insurance plan that offers you a host of innovative coverage options and affordable premium prices. This plan provides financial security for your family's future needs like child marriage, home loan, traveling abroad, etc.
Key Features and Benefits:
- Life Cover: Get life cover up to the age of 99 by premium paying for only with multiple options and covers you against unfortunate death due to covid.
- Death Benefits: Flexibility to receive the death benefit as a lump sum or as monthly income
- Tax Benefits: Get tax benefits as per prevailing tax laws and return of premium at the end of the policy
- Entry Age: Minimum: 18 Years, Maximum: 65 years
- Premium Payment Mode: yearly, half-yearly, quarterly, monthly
- Sum Assured: Minimum Rs. 1 lakh to Maximum No limit
- Policy Payment Term: Single pay, Limited pay
2) IndiaFirst Life Plan
IndiaFirst Life Plan is a pure term insurance plan that offers comprehensive financial protection for you and your family members at an affordable price.
Key Features and Benefits:
- Life Cover: Get life cover up to the age of 40
- Death Benefits: Flexibility to receive the death benefit in the form of lump-sum against unfortunate death
- Tax Benefits: Get tax benefits as per prevailing tax laws
- Entry Age: Minimum: 18 Years, Maximum: 60 years
- Premium Payment Mode: yearly, half-yearly, quarterly, monthly
- Sum Assured: Minimum Rs.1 lakh to Maximum Rs.5 crores
- Free Look Period: 15 days
3) IndiaFirst Life Online Term Plan
Online Term Plan is a term insurance plan which can be directly purchased online. This plan offers financial security at an affordable price for you and your family in the case of an unfortunate event happens. In this plan online payment can be done using a Credit/ Debit card, saving account, Cheque/DD, and other UPI modes and bank deposits.
Key Features and Benefits:
- Life Coverage options: Get 8 different life coverage options
- Death Benefits: Flexibility to receive the death benefit as a lump sum or as monthly income against unfortunate death
- Tax Benefits: Get tax benefits as per prevailing tax laws
- Policy Return Option: You can return the plan within 30 days of the purchase date
- Premium Payment Mode: yearly, half-yearly, quarterly, monthly
- Grace Period: 30 days
Child Plans:
1) IndiaFirst Life Little Champ Plan
Little Champ Plan offers comprehensive financial protection and regular guaranteed pay-outs for financing your child’s dream.
Key Features and Benefits:
- Life Cover: Get life cover and protection of dreams of the loved ones through an inbuilt waiver of premiums and covers you against unfortunate death
- Death Benefits: Flexibility to receive the death benefit as a lump sum or as regular income
- Tax Benefits: Get tax benefits as per prevailing tax laws
- Flexibility: You can choose policy terms and premium payment terms and payment modes as per your requirement.
- Entry Age: Minimum: 21 Years, Maximum: 45 years
- Premium Payment Mode: yearly, half-yearly, quarterly, monthly
- Sum Assured: Minimum Rs. 1,50,000 to Maximum No limit
- Policy Payment Term: 7 to 14 years
Saving Plans:
1) IndiaFirst Life Mahajeevan Plus Plan
Mahajeevan plus Plan is a Non-Linked, Participating, Individual, Limited Pay, Money-Back Endowment Plan that provides financial protection in case of unfortunate death of an insured.
Key Features and Benefits:
- Life Cover: Get life cover and protection of dreams of the loved ones through an inbuilt Waiver of premiums riders to enhance the base plan
- You can receive 103% of your annualized premiums at the end of your 3rd, 7th, and 11th policy year.
- Tax Benefits: Get tax benefits as per prevailing tax laws
- Discounts: You can Avail discounts on paying your renewal premiums early and get annual bonuses
- Entry Age: Minimum: 1 month, Maximum: 55 years
- Premium Payment Mode: yearly, half-yearly, quarterly, monthly
- Sum Assured: Minimum Rs.1,10,280 to Maximum No limit
- Policy Term: 15 and 20 years
2) IndiaFirst Life Cash Back Plan
Cash Back Plan offers guarantees pay-outs at regular intervals to meet your immediate needs and an assured maturity pay-out to secure your future.
Key Features and Benefits:
- Life Cover: Get life cover and risk cover of higher than 10 times the annualized premium or sum assured
- Guaranteed Additions: Increase your investments through Guaranteed Additions
- Tax Benefits: Get tax benefits as per prevailing tax laws
- Entry Age: Minimum: 9 years, Maximum: 55 years
- Maturity Age: Maximum 70 years
- Premium Payment Mode: yearly, half-yearly, quarterly, monthly
- Sum Assured: Minimum Rs.50,000 to Maximum No limit
3) IndiaFirst Life Guaranteed Income Plan
Guaranteed Income Plan offers the benefits of a guaranteed savings plan as well as a traditional cover and regular assured income, the return of premiums, and life cover.
Key Features and Benefits:
- Life Cover: Get life cover and guaranteed income up to the age of 99
- Benefits: Pay for a shorter period and get long-term benefits and add Riders for enhanced benefits
- Tax Benefits: Get tax benefits as per prevailing tax laws
- Return of premium: Get Return of premium at the end of the income benefit period
- Entry Age: Minimum: 8 Years, Maximum: 60 years
- Premium Payment Mode: yearly, half-yearly, quarterly, monthly
- Sum Assured: Minimum Rs.2,40,000 to Maximum No limit
- Policy Term: 5, 6,7,10 years
Investment Plans/ULIPS:
1) IndiaFirst Life Money Balance Plan
Money Balance Plan is a unit-linked insurance plan that offers investment and financial security. With this plan, your money is automatically transferred to safer funds.
Key Features and Benefits:
- Life Cover: Get life cover in case of unfortunate death of an insured
- Tax Benefits: Get tax benefits as per prevailing tax laws
- Partial Withdraws: Get easy access to your money through partial withdrawals
- Entry Age: Minimum: 5 Years, Maximum: 65 years
- Premium Payment Mode: yearly, half-yearly, quarterly, monthly
- Premium Payment Term: Single pay, Limited pay, Regular pay
2) IndiaFirst Life Smart Save Plan
Smart Save Plan provides benefits of both an insurance cover along wealth builder. Depending on your risk appetite, it uses market-linked investments to help you save systematically and build your wealth portfolio.
Key Features and Benefits:
- Life Cover: Get life cover in case of unfortunate death of an insured
- Tax Benefits: Get tax benefits as per prevailing tax laws
- Fund options: Improve your savings systematically, through investments in various funds.
- Entry Age: Minimum: 5 Years, Maximum: 65 years
- Premium Payment Mode: yearly, half-yearly, monthly
- Premium Payment Term: Single pay, Regular pay
- Policy Term: 5 to 20 years
3) IndiaFirst Life Wealth Maximizer Plan
Wealth Maximizer plan is a comprehensive plan that provides life insurance coverage to 7 times the annualized premium and an opportunity to accumulate wealth and offers multiple investment strategies and flexible options to choose from.
Key Features and Benefits:
- Life Cover: Get life cover in case of unfortunate death of an insured
- Tax Benefits: Get tax benefits as per prevailing tax laws
- Flexibility: You can choose premium payment options as per your requirement
- Multiple investment strategies:Get various investment strategies to help you create your lasting legacy
- Entry Age: Minimum: 5 Years, Maximum: 65 years
- Maturity Age: Minimum: 18 Years, Maximum: 70 years
- Premium Payment Mode: yearly,quarterly, half-yearly, monthly
- Premium Payment Term: Single pay,limited pay Regular pay
Retirement Plans:
1) IndiaFirst Life Guaranteed Retirement Plan
IndiaFirst Guaranteed Retirement Plan is a guaranteed financial protection plan that offers an option to earn guaranteed returns for the initial years in the policy and an opportunity to build your retirement corpus through the bonus.
Key Features and Benefits:
- Life Cover: Get life cover in case of unfortunate death of an insured
- Tax Benefits: Get tax benefits as per prevailing tax laws
- Entry Age: Minimum: 0 Years, Maximum: 75 years
- Premium Payment Mode: yearly,quarterly, half-yearly, monthly
- Premium Payment Term: Single pay,limited pay Regular pay
- Sum Assured:Minimum: Rs.1 lakh, Maximum: No limit
- Policy Term:40 to 80 years
2) IndiaFirst Life Immediate Annuity Plan
Immediate Annuity Plan provides financial protection and is designed to help you maintain your choice of lifestyle post-retirement.
Key Features and Benefits:
- Life Cover: Get life cover in case of unfortunate death of an insured
- Age: You can choose your retirement age as per your need between 40 and 80 years
- Entry Age: Minimum: 18 Years, Maximum: 80 years
- Premium Payment Mode: yearly, quarterly, half-yearly, monthly
- Premium: Minimum: Rs.3 lakh, Maximum: No limit
- Policy Term: 40 to 80 years
3) IndiaFirst Life Guaranteed Annuity Plan
Guaranteed Annuity Plan provides guaranteed financial protection that offers an option to earn guaranteed regular income throughout your lifetime. It also helps you in healthcare costs in your retirement years.
Key Features and Benefits:
- Life Cover: Get the assurance of a regular lifetime income as you choose from 12 different annuity options as per your need
- Entry Age: Minimum: 40 Years, Maximum: 80 years
- Premium Payment Mode: yearly, quarterly, half-yearly, monthly
- Premium: Minimum: Rs.1 lakh, Maximum: No limit
- Annuity Amount: Minimum Rs.1000/- per month and Maximum No limit
Saral Plans:
1) IndiaFirst Life Saral Jeevan Bima Plan
Saral Jeevan Bima Plan is an individual, non-linked, and non-participating, pure term insurance policy that provides financial security to your family in case of any unfortunate event that happens to an insured.
Key Features and Benefits:
- Life Cover: Get life coverage up to 50 lacs
- Death Benefits: Get lump sum benefit even in case of death due to COVID-19.
- Tax Benefits: Get tax benefits as per prevailing tax laws
- Flexibility:You can choose a premium payment term as per your requirement
- Entry Age: Minimum: 18 Years, Maximum: 65 years
- Maturity Age: Minimum: 23 Years, Maximum: 70 years
- Premium Payment Mode: Single,yearly,quarterly, half-yearly, monthly
- Sum Assured:Minimum: Rs.5 lakh, Maximum: 50 lacs
- Policy Payment Term:Single pay, Limited pay, Regular pay
2) IndiaFirst Life Saral Pension Plan
Saral Pension Plan is a single premium, non-linked, non-participating, individual immediate annuity policy that provides you two different options as per your need. Get the assurance of a lifetime income even post your retirement years.
Key Features and Benefits:
- Life Cover: Get life coverage in case of any unfortunate death of an insured
- Annuity Options: Life Annuity with Return of 100% of Purchase Price and Joint Life Last Survivor Annuity for Life with Return of 100% of Purchase Price
- Tax Benefits: Get tax benefits as per prevailing tax laws
- Flexibility: You can choose premium payment frequency as per your requirement
- Entry Age: Minimum: 40 Years, Maximum: 80 years
- Premium Payment Mode: yearly, half-yearly, quarterly, monthly
- Premium: Minimum: Rs.1 lakh, Maximum: No limit
- Annuity Amount: Minimum Rs.1000/- per month and Maximum No limit
FAQs of IndiaFirst Life Insurance:
Can I Cancel Indiafirst Life Insurance After Paying 2 Years Policy
You can cancel your IndiaFirst Life Insurance policy through send an email to customer service customer.first@indiafirstlife.com or calling customer care number 800-209-8700 to request the cancel application form.