IndiaFirst Life E-Term Plan

• Financial protection for yourself & your family
• 8 different coverage options to suit your needs
• Receive death benefit as a lump sum or as a monthly income
• Enhance coverage on key life stages
• Avail tax benefits

Death Benefit

• Life Benefit: 100% sum assured is payable on death during the term of the policy.
• Income Benefit: 10% Sum Assured paid out on Death during the term of policy and 90% Sum Assured paid as level income during 5 / 10 / 15 / 20 years (as opted).
• Income Plus Benefit: 100% sum assured paid on death during the term of the policy and 100% Sum Assured paid out as level income during 5 / 10 / 15 / 20 years (as chosen)
• Income Replacement Benefit: Level income will be paid as death benefit till the end of the policy term subject to minimum term of 2 years.
• Accident Shield Benefit: Additional payout on Death due to accident.
• Disability Shield Benefit: Payout on any type of Disability.
• Critical Illness Protector Benefit: Pay out in case of occurrence of any of the listed Critical Illnesses.
• Comprehensive Benefit: Combination of death + accidental death + accidental total permanent disability + critical illness.

Surrender Benefit

For Regular premium: No surrender value is payable.

For Single premium mode under all benefit options except Income Replacement: Surrender value is payable only if you surrender the policy any time after the third policy year and before the end of the policy term. It is calculated as– 40% x Single Premium Paid x {(Unexpired Policy Term*/ Total Policy Term).

Single premium mode under Income Replacement Benefit: Surrender value is payable only if you surrender the policy any time after the third policy year and before the end of the policy term. It is calculated as– 40% x Single Premium Paid x {(Unexpired Policy Term/ Total Policy Term)^2.

Tax Benefit

The premium payment under the plan is eligible for tax benefits under section 80C of the Income Tax Act and the policy proceeds are entitled to receive the tax benefits under section 10 (10D) of the Income Tax Act.

You can choose additional coverage through Accidental Total Permanent Disability (ATPD), Critical Illness (CI), Death and Accidental Death Benefit (ADB).

IndiaFirst Life e-Term Plan is eligible for Tax benefits as stated:

• Premiums paid, qualify for tax benefits as per Section 80C of the Income Tax Act.
• Death benefit(s) are entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

(Subject to the provision stated therein.)