IndiaFirst Cash Back Plan –The IndiaFirst Cash Back Plan is a non-participating savings insurance plan with no linked features. You will have excellent investment options and extensive protection. You will be able to save money and get high returns with this plan. In addition, you will receive life insurance that will provide benefits to your loved ones in the event of your death.
IndiaFirst is excited to announce the launch of its new Cash Back Plan – 2024! This exciting new option gives Indian citizens the opportunity to earn cash back on their purchases, starting from the moment they make them. Just enter the code “INDIAFIRST” at the time of purchase to collect your rewards. With this new plan, IndiaFirst is continuing its commitment to providing its customers with great value and quality products. Thanks for choosing IndiaFirst!
IndiaFirst Cash Back Plan 2024
It is a money-back insurance plan that does not participate and is not linked. Despite life’s ups and downs, the policy provides periodic payouts and family security. we can select the amount of coverage you want under this policy based on your needs. You can pay for a limited time under the policy and receive periodic returns throughout the policy term. can pay during your earning years but stay invested for longer (9, 12, or 15 years, depending on your needs.) You can enjoy every happy moment of your life by receiving regular payouts throughout the policy term. your can also take advantage of the boost provided by guaranteed additions that are paid into your policy after each policy year has ended.
IndiaFirst is a cashback plan that offers its customers a 20% rebate on their total spend. This rebate is calculated on the first Rs. 2,000 spent every month, and there’s no cap on the amount of rebates that you can earn. Not only is this a great way to earn money, but it’s also very convenient – all you have to do is spend your money and IndiaFirst takes care of the rest! If you’re looking for a reliable and convenient cashback plan, look no further than IndiaFirst.
IndiaFirst Cash Back Plan 2024 Details
| Name Of Article | IndiaFirst Cash Back Plan 2024 |
| IndiaFirst Cash Back Plan 2024 | Click Here |
| Category | Insurance |
| Official Website | Click Also |
Eligibility Who is the IndiaFirst Cash Back Plan for?
The IndiaFirst Cash Back Plan is ideal for anyone seeking investment returns and protection at the same time. The policyholder, the life insured, the appointed person, and the nominee will all be a part of the plan. This plan is open to applicants who meet certain requirements and are Indian citizens.
| Minimum entry age | 18 years as on your last birthday |
| Maximum entry age | 60 years as on your last birthday |
| Maximum age at the end of the policy period | 70 years as on your last birthday |
Depending on your income and specific needs, you can save a lot of money by contributing to your premium payments.
Sum Assured and Premium Range What you get and what it costs?
Are you wondering what the Sum Assured and Premium Range means, and how much it costs? Wondering if it’s worth it to go for one? In this post, we’ll be shedding light on all of these questions and more. We’ll explain what the range is, what you get for your money, and how much it might cost to go for one. After reading this post, you’ll have a better understanding of what the Sum Assured and Premium Range means, and whether it’s worth spending your hard-earned money on one.
Sum Proven: The IndiaFirst Cash Back Plan’s sum assured will be set by your age, per thousand premium, and policy term. You will be paid a set amount, and you will also get bonuses for reaching maturity and dying.
Premium Class: Your sum assured amount can be selected at your convenience. Let us examine the specifics of this plan’s premiums and the amount guaranteed:
Minimum sum assured
| Minimum sum assured | Rs.20,000 |
| Maximum sum assured | Rs.20,00,00,000 |
| Minimum premium | Annual premium paying mode: Rs.2,000 6-monthly premium paying mode: Rs.1,024 Monthly premium paying mode: Rs.174 |
| Premium paying modes | Once a year, once in 6 months, and once a month |
| Policy period | 10 to 20 years |
If your annualized premium is greater than Rs. 20,000, you will be eligible to receive rebates through the IndiaFirst Cash Back Plan. A one percent discount will be yours. Let’s examine the premium frequency factors for the monthly and six-monthly premium payment options:
| Premium frequency | Factor that needs to be applied to your annual premium |
| Monthly frequency | 0.0870 |
| 6-monthly frequency | 0.5119 |
Plan coverage What the IndiaFirst Cash Back Plan covers?
You have a lot of options with this plan, and you can choose when you want your assured amount between 10 and 20 years in the future. This plan has a lot of benefits for you. You will receive a simple reversionary bonus and, if any, a terminal bonus at the end of the policy period. Let’s examine the IndiaFirst Cash Back Plan’s coverage:
| Type of benefit | Features of the benefit |
| Death benefit | The plan provides a death benefit equal to the sum assured and five times the annual premium in the event of the assured’s sudden death. The life insurance coverage never falls below 105 percent of (annualized premium x premium-paying term). |
| Reversionary bonus | The reversionary bonus will be set at the end of each fiscal year in accordance with the product’s surplus under this plan. |
| Terminal bonus | The company may announce a terminal bonus that will be paid out at the end of the fiscal year. Exclusions – What the IndiaFirst Cash Back Plan doesn’t cover |
There are some limitations on the IndiaFirst Cash Back Plan. An insurance plan’s governing principles will not cover certain aspects, which are referred to as exclusions. The nominee will not receive any death benefits if the policyholder kills themselves within a year of the risk beginning. A benefit equal to the surrender value will be paid to the nominee in the event that the policyholder takes their own life within a year of the policy being revived or reinstated. If the premium has been paid in full for three years, this applies.
Other Important Features, Like the Grace Period, Surrender Values, and Free-Look Period
Numerous additional features of the IndiaFirst Cash Back Plan are extremely beneficial to the policyholder and his or her family. Let us examine the remaining significant aspects of this plan:
| Grace period | You will get a beauty time of 15 days (for month to month mode) and 30 days (for a 6-month to month mode and a yearly mode) during which you can pay your expenses regardless of whether you have missed your exceptional installment cutoff time. |
| Policy loans | You can get a loan through the IndiaFirst Simple Benefit Plan. You can borrow up to 90% of the surrender value of your policy. A loan of at least Rs.1,000 will be required of you. |
| Free look period | You will get a free look at your policy, during which you can look over its terms and features. It is provided for a period of fifteen days from the date the policy document is received. |
| Surrender value | A guaranteed surrender value (GSV) and a special surrender value (SSV) will be provided to you when you surrender your insurance policy. |
| Refund | A value will be returned to you if you cancel your insurance plan. |
You can deduct your premium payments from your taxable income up to a maximum of Rs. 1,00,000 if you enroll in the IndiaFirst Cash Back Plan. In accordance with the same law, Section 10(10D), you will also receive tax benefits for the maturity amount and withdrawal amounts. According to Section 10(10D), death benefits under this plan are exempt from taxes.
Additional advantages: How to save money with the IndiaFirst Cash Back Plan
Let us take a look at the other benefits of this plan:
- IndiaFirst Life Insurance offers excellent customer service by calling the toll-free number at 1800 209 8700 (within India) or +91 22 61164900 (outside of India).
- On the company’s official website, you can login as a customer, an employee, a group, or a distributor, among other ways.
- You can become a life insurance advisor with the company.
Why should you purchase IndiaFirst Life Insurance’s Cash Back Plan?
IndiaFirst Life Insurance is a new life insurance company in India that provides individual insurance plans to individuals from all walks of life. The business is committed to meeting the requirements of each and every policyholder. With the assistance of this plan, you can quickly and methodically settle your claims. The knowledgeable staff will provide you with accurate and suitable insurance solutions that meet your specific requirements.
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