|
|
|
|
|
|
|
Insurance Company
|
IndiaFirst Life Insurance Company Ltd
|
|
Plan Name
|
IndiaFirst Maha Jeevan Plan
|
|
Plan Nature
|
TRADITIONAL
|
|
Plan Category
|
Savings & Investment Plan
|
|
UIN No.
|
143N018V01
|
|
About Plan
|
It is a non linked, with profet, savings plan. Under this plan, you can choose how much you would like to insure yourself based on your premium. We suggest you make sure this amount is what your family needs to avoid cash flow problems in case of the unfortunate demise of the life assured.
|
|
|
|
|
|
|
|
Minimum Entry Age
|
5 years
|
|
Maximum Entry Age
|
65 years
|
|
Minimum Policy Term
|
18 years
|
|
Maximum Policy Term
|
75 years
|
|
Minimum Sum Assured
|
Rs.50000
|
|
Maximum Sum Assured
|
Rs.200000000
|
|
|
|
|
|
|
|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Death Benefits
|
Death benefit are tax free under section 10(10)D of the Income Tax Act, 1961.
|
|
Loan against policy
|
You may benefit from a loan facility under this plan. The amount of the loan that you may avail at any point of time will depend on the surrender value. You may avail of a loan amount up to 90% of the available surrender value. The minimum loan amount should section if at the time of such acceptance the insurance agent satisfies the prescribed conditions establishing that he is a bonafide insurance agent employed by the insurer. Any person making default in complying with the provisions of this section shall be punishable with a fine which may extend to five hundred rupees.
|
|
Surrender Benefit
|
Surrender facilities are available in this plan. While we do not encourage you to surrender your plan, you may choose to surrender the same for immediate cash requirement in case of an emergency anytime after the payment of three full premiums.
|
|
|
|
Tax Benefits
|
|
|
| Section | Description |
|
SEC 80 C
|
Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
|
|
SEC 10 (10)D
|
Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
|
|
|
|
|
|
|
|
|
|
|
|
Your life is precious. You can now get the advantage of enhanced life coverage by doubling/tripling the sum assured.
|
|
Ensure your prosperity with the assurance of a guaranteed maturity amount (sum assured) and the upside of a bonus declared every year.
|
|
We prosper only if you prosper. We share additional earnings through an extra bonus (terminal bonus), if any declared at the end of the plan term.
|
|
Plan your future needs by deciding exactly when you need the assured amount - anytime between 10-25 years.
|
|
Accumulate your savings systematically, through regular premium contributions based on your income and needs.
|
|
The plan offers a life cover of one, two and three times the sum assured, through our Classic, Silver and Gold Options respectively. The sum assured along with simple reversionary bonus and terminal bonus, if any will be paid at the end of the plan term.
|
|
Under Section 80C you can enjoy tax benefits on the premium you invest. You can also get tax benefits on the benefits you receive at maturity of your plan, under Section 10(10D).
|
|
|
|
View another Plan
|
|
|
|
|
Insurance Company
|
|
|
|
|
Solution for
|
|
|
|
|
Type
|
|
|
|
|
Category
|
|
|
|
|
Plan
|
|
|
|
|
|
|