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Insurance Company
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IndiaFirst Life Insurance Company Ltd
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Plan Name
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IndiaFirst Group Credit Life Plan
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Plan Nature
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TRADITIONAL
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Plan Category
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Term Plan
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UIN No.
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143N005V01
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About Plan
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We wish to fulfill our dreams for ourselves and ourfamily. When we take loans from banks and financial institutions to fulfill these dreams, we need to protect ourselves from the risks we expose ourselves and our families to. We at IndiaFirst realise this inherent need to secure our risk of financial liability while fulfilling our dreams. Hence, we bring to you the IndiaFirst Group Credit Life Plan. Which provides you with a risk cover that shields your family from the burden of your loan liabilities. So whle you work towards fulfilling your dreams, we will work twards protecting them.
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Minimum Entry Age
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18years
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Maximum Entry Age
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65years
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Maximum Maturity Age
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70years
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Benefits
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| No data for Benefits |
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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You can enhance your product offering by combining insurance with your credit or loan products.
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You can protect your assets against uncertainty. We help you do this by paying the outstanding loan amount in the unfortunate event of the member's demise.
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You have the flexibility to choose the coverage and the mode of payment you want to offer your members.
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