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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 Young India 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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143L011V01
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About Plan
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IndiaFirst Young India Plan is a unit linked savings planthat offers you an insurance cover on your life and additionally helps you to grow your money through market linked instruments, This ensures that your family receives financial support as planned by you, even in your absence.
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Minimum Entry Age
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18Years
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Maximum Entry Age
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55Years
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Maximum Policy Term
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65Years.
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Minimum Premium
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Rs.6000
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Maximum Premium
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No Limit
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Benefits
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| Particulars | Description |
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Maturity Benefits
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In case opted for, You will be pay the child or beneficiary the fund value in the unfortunate event of the life assured'sdemise during the plan term if he/she has attained theage of 18 years. Else, we will pay the fund value to yourappointee, if the beneficiary is a minor.You may choose to receive this payment in installments over a period of time specified by you. This period is called the Settlement Period. During this period, the fund management and policy administration charges will be charged.
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Death Benefits
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In case of an unfortunate accident is caused by Bodily Injury resulting from an accident,and· occurs due to the said bodily injury, directly andindependently of any other causes, and· occurs within 180 days of the occurrence of suchaccident, and· completely, continuously and permanently preventsthe life assured from engaging in any work,occupation or profession to earn or obtain any wages,compensation or profit, such condition to persist forat least 6 months from the date of disability
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Partial Withdrawal Benefit
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You may access your money in case of any emergency by withdrawing partially after 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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Your child or loved one will receive funds at every momentous occasion in his/her life as planned by you - be it high school/college/professional course and any other life events.
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You have an insurance cover on your life which ensures that your loved one receives a lump sum amount (sum assured) in case any unfortunate event results in the life assured's death.
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Your family gets additional financial security even if any unfortunate event results in the life assured's death/disability. We will do this by paying the remaining premiums into the plan or directly to you.
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You can opt for the beneficiary to receive the fund value at maturity even if the sum assured has been paid out, in the unfortunate event of the life assured's demise.You can make the most of your investments by witching' from one fund to another
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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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17-May-13
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11.385
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Debt Fund 1
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17-May-13
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12.8213
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Equity Fund 1
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17-May-13
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10.8123
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Index Tracker Fund
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17-May-13
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10.3537
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Liquid Fund 1
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17-May-13
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10
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Value Fund
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17-May-13
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11.0799
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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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