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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 Savings Plan
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Plan Nature
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ULIP
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Plan Category
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Saving Plan
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UIN No.
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143L004V01
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About Plan
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IndiaFirst Savings Plan helps you grow and develop a body of wealth through market linked investments. We help you save systemativally and provide your avenues to invest your savings in funds, on the basis of your risk appetite. The same plan has a life cover, which promises the sum assured to your family if some unfortunate contingency causes your demise.
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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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Minimum Premium
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Regualr Premium - Rs.12,000/-Single Premium - Rs. 30,000/-
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Maximum Premium
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No Limit
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Maximum Maturity Age
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Reular Premium - 5 times of your annual premiumSingle Premium - 110% of your single premium
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity you can choose to receive the entire Fund Value as a lump sum payment or to defere your maturity payment through the settlement option. You may choose to receive this payment in installments over a period of time specified by you with applicable charges.
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Death Benefits
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In the unfortunate event of the demise of the life Insured, the nominee will receive a lump sum amount. If the nominee is a minor, the sum assured will be paid out to your appointee. If the life Insured is above 5 years of age at the time of death, this amount will be the Sum Assured or the Fund Value of the policy, Whichever is higher. If below 5 years of age at the time of death, this amount will be the Fund Value of the policy.There is no life cover during the settlement period, only the Fund Value will be paid to your nominee.
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Loan against policy
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No loan facility available under this plan.
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Switch Benefit
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You have the option to swith your funds from one to another as in the predefined list. The minimum swith amount is Rs. 5000/- and maximum the Fund Value. Only 2 Switches are free of cost in every month. How ever cannot be carried forward to the next month/year.
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Partial Withdrawal Benefit
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For regular premium you can make partial withdrawals from the 4th policy year onwards only if you have paid your policy premiums for the first 3 policy years. For single premium also you can withdraw from the 4th policy years onwards.For top-ups you can withdraw money partially after 3 years from the date of each top-up. The minimum withdrawal Rs. 5000maximum upto 25% of the fund value & the funds minimum balance is equal to 110% for regular premium, for Single premium Fund value should not be less than Rs. 30000/-.
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Surrender Benefit
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You have the flexibility to surrender your plan. If you make surrender within the first 3 policy years, the surrender value plus charges if any will be paid to you only after completion of the 3rd policy years.
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Tax Benefits
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| No data for Tax Benefits |
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You can build your savings corpus systematically, through investments in various funds.
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You secure the future of your family, as they get an assured lump sum benefit immediately, in case of your untimely death.
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You have the option to invest in debt, equity or a balanced fund, where you choose the proportion of your investment into each.
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You can make the most of your investments by ' Switching' from one fund to another.
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You have the option to build up your corpus through additional deposits.
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You get easy access to your money by being able to withdraw partially.
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Under Section 80C you can enjoy Tax Benefits on the premium you invest. You also get tax benefits on the benefits you recevive at maturity of your policy, under Section 10(10D).
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Balanced Fund
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Debt Fund
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Equity Fund
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Liquid Fund
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Particulars
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Range
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Balanced Fund
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Equity
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50% - 70%
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Debt
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30% - 50%
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Money Market
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0% - 20%
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Debt Fund
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Debt
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70% - 100%
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Money Market
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0% - 30%
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Equity 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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Liquid Fund
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Debt
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0% - 20%
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Money Market
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80% - 100%
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Balanced Fund
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23-May-13
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12.1531
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Debt Fund
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23-May-13
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13.2448
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Equity Fund
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23-May-13
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11.9177
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Liquid Fund
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23-May-13
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10.2188
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Balanced Fund
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Debt Fund
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Equity Fund
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Liquid Fund
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