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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 Smart Save 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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143L010V01
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About Plan
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IndiaFirst Smart Save Plan offers you an insurance cover on your life and additionally helps you grow and develop a body of wealth through market linked investments and help you save systematically and provide you different options to invest your savings in funds, onthe basis of your risk appetite. The life cover promises the sum assured in case of the life assured's unfortunate demise.
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Minimum Entry Age
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5 Years
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Maximum Entry Age
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60 Years
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Minimum Premium
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Rs.6000
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Premium Paying Term
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15,20 and 25 Years.
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Minimum Policy Term
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15,20 and 25 years
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Benefits
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| Particulars | Description |
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Death Benefits
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If the life assured commits suicide, the death benefit will pay will be limited to the fund value. It will notinclude the insured benefits. This applies if death bysuicide occurs within 12 months from the date of riskcommencement or date of revival of this plan. This isirrespective of whether the life assured, was sane orinsane at the time death.
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Partial Withdrawal Benefit
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You may access your money in case of any emergency, by withdrawing partially.Reagular/Limited premium : If you have paid your premiums for the first 5 years, you can withdraw your money partially after the fifth plan year.Single premium: You can with draw after completion of the fifth plan year.
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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 build your savings systematically, throughinvestments in various funds· The plan offers a life cover in case of the lifeassured's untimely death
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You have the option to invest in 5 funds acrossdifferent asset classes, where you choose theproportion of your investment based on your riskappetite
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You can make the most of your investments by witching' or redirecting your premium' from one fund to another· 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 receive at maturity of your policy, under Section 10 (10D).
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Balance1 Fund
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Debt1 Fund
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Discontinued Policy Fund
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Equity1 Fund
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Index Tracker Fund
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Liquid1 Fund
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Value Fund
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Particulars
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Range
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Balance1 Fund
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Equity
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50% - 70%
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Dept
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30% - 50%
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Money Market
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0% - 20%
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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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Index Tracker Fund
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Equity
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90% - 100%
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Money Market
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0% - 10%
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Liquid1 Fund
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Dept
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0% - 20%
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Money Market
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80% - 100%
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Value Fund
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Equity
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70% - 100%
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Money Market
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0% - 30%
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Balanced Fund 1
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14-Jun-13
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10.9869
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Debt Fund 1
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14-Jun-13
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12.7657
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Equity Fund 1
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14-Jun-13
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10.2741
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Index Tracker Fund
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14-Jun-13
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9.7696
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Liquid Fund 1
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14-Jun-13
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10
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Value Fund
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14-Jun-13
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10.5684
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Discontinued Policy Fund
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31-Mar-12
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10.4977
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Balance1 Fund
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Debt1 Fund
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Discontinued Policy Fund
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Equity1 Fund
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Index Tracker Fund
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Liquid1 Fund
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Value Fund
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