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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 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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143N007V01
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About Plan
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You aspire, you prosper... but you also need to protect your family from any uncertainties of life. You need to ensure that no untoward event upsets the well being of your loved ones. Our IndiaFirst Life Plan is a pure term insurance plan that ensures, that your loved ones are taken care of, even in your absence.
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Minimum Entry Age
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18years as on last brithday
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Maximum Entry Age
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60years as on last birthday
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Maximum Maturity Age
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More than 70years as on your last birthday
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Benefits
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| Particulars | Description |
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Maturity Benefits
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There is no maturity or survival benefit payable under this plan. This is a non participating pure term assurance plan.
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Death Benefits
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Death benefits are also tax free under section 10(10D) of the Income Tax Act, 1961.
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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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Enjoy the benefits of a life cover for a period of up to 30years at a reasonable price.
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The life assured's family is secured, as they get an assured lump sum benefit immediately, in case of the life assured's untimely death.
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Under Section 80C you can enjoy tax benefits on the premium you invest.
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Under Section 10(10D) your family also gets tax break on the benefits they receive from your plan.
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