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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 Money Balance Plan
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Plan Nature
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ULIP
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Plan Category
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Savings & Investment Plan
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UIN No.
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143L017V01
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About Plan
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It is a unit linked savings plan that helps you save for the future, while limiting your exposure to market fluctuations. Our Plan offers you an insurance cover on your life and additionally helps you earn and secure returns on the money that you invest with us. With our 'automatic trigger-based' investment strategy. we help you save systematically and transfer the earnings on your investment in a relatively safe fund that gives consistent returns.
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Minimum Entry Age
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5 years as on last birthday
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Maximum Entry Age
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65 years as on last birthday
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Maximum Maturity Age
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75 years as on last birthday
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Maximum Policy Term
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10,15,20 and 25years - Regular Premium10,15,20 and 25years - Limited Premium 5,10,15 and 20years - Single Premium
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Premium Paying Term
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10,15,20 and 25years - Regular Premium 7years - Limited PremiumOnetime Payment only - Single Premium
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Benefits
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| Particulars | Description |
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Death Benefits
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Death benefits are tax free under section 10(10)D 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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You ca optimize your investments with the help of our 'automatic trigger-based' investment strategy. We help you build your savings systematically while securing the earnings on your investment through an automatic transfer in relatively safe funds that give consistent returns.
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You may pay your premium(s) either regularly or for a limited period of time or through a single payment.
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The plan offers a life cover in case of the life assured's unfortunate demise.
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You can make the most of your investments by 'switching' from one fund to another. You ca also get easy access to your money by being able to withdraw paritally.
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Under Section 80C you can enjoy Tax Benefits on thepremium that you invest. You also get tax benefits on the benefits that you receive on maturity of your plan, under section 10(10D).
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Particulars
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Range
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Debt1 Fund
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Dept
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70% - 100%
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Money Market
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0% - 30%
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Equity1 Fund
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Equity
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80% - 100%
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Money Market
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0% - 20%
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Debt Fund 1
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20-May-13
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12.8376
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Equity Fund 1
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20-May-13
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10.7619
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