About IndiaFirst Term Insurance
IndiaFirst Life Insurance is the 22nd entrant into the private life insurance sector. Today, the company is ranked 12th on the list. This joint venture between Union Bank of India, Bank of Baroda, and Carmel Point India Investments India Private Limited. Headquartered in Mumbai, IndiaFirst Life Insurance Company Limited (IndiaFirst Life) is one of the youngest life insurance companies in India.
When it comes to product range, IndiaFirst Life offers a vast range of insurance plans, including term plans. These term insurance plans offer adequate financial security to your family in the absence of the policyholder. With term insurance at IndiaFirst Life, one can maintain their standard of living without making any kind of compromise even in unforeseen circumstances.
IndiaFirst Life Insurance Term Insurance Plans
IndiaFirst Life Insurance has 3 term insurance plans that include:
- IndiaFirst Life Guaranteed Protection Plan
- IndiaFirst Life Plan
- IndiaFirst Online Term Plan
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Claim Process at IndiaFirst Life Term Insurance
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
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FAQ About IndiaFirst Life Term Insurance
What is the maximum term insurance policy term offered by IndiaFirst Life Insurance?
IndiaFirst Life Insurance offers a maximum policy term of 40 years in their IndiaFirst Life Plan.
Do the riders available in IndiaFirst Life Insurance come at a cost?
Yes, the riders in IndiaFirst Life Insurance term insurance are optional. You have to pay an additional premium to avail the benefits.
Can you purchase the IndiaFirst Life Insurance term insurance plan online?
Yes, two plans, IndiaFirst Life Guaranteed Protection Plan and IndiaFirst Online Term Plan, are available online.
What does the accidental death coverage rider in IndiaFirst Life Insurance term insurance provide?
An additional payout is available in the case of unnatural death by accident during the policy term.
How does the IndiaFirst Life Insurance term insurance plan help during a critical illness?
IndiaFirst Term Insurance offers a lump sum payout in the event of diagnosis of a critical illness.