IndiaFirst Anytime Plan

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IndiaFirst Anytime Plan


IndiaFirst Anytime Plan is an online pure Term Plan. It is a Traditional Plan without Bonus facility which provides protection in case of premature death of the insured.


How it works – In this plan, premium can be paid regularly or one time in the form of Single Premium. The plan can be taken for up to 40 years during which the plan will cover the insured against death during the term. No benefit is payable upon Maturity but on death of the life assured during the term of the policy, the Sum Assured is paid as the death benefit to the nominee



Key Features of IndiaFirst Anytime Plan


  • It is an online Pure Term Plan at affordable rates.
  • The policy can be taken for a maximum of 40 years and upto Rs 50 crores
  • Flexible premium payment options under Regular pay and Single Pay
  • Surrender Value is applicable in case of Single Premium Policies only
  • This plan is for exclusive online sale only



Benefits you get from IndiaFirst Anytime Plan


Death Benefit – In case of death of the Life Insured within the Policy Tenure, the nominee gets the Sum Assured


Maturity Benefit–Being a pure Term Plan, there is no Maturity Benefit under the plan


Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity Proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditions.




Eligibility conditions and other restrictions in IndiaFirst Anytime Plan





Sum Assured (in Rs.)



Policy Term (in years)



Premium Payment Term (in years)

Regular – Equal to Policy Term

Single – One Time

Entry Age of Life Insured (in years)



Age at Maturity(in years)



Premium(in Rs.)

Regular – 2000

Single – 10,000

No Limit

Payment modes

Yearly, half-yearly, monthly and Single



Sample illustration of IndiaFirst Anytime Plan


The below illustration is for a non-smoker male at various ages:

Sum Assured = 1 crore

Term = 30 years



Additional Features and Benefits of IndiaFirst Anytime Plan


Riders – There are no additional riders in this plan



What happens if?


You stop paying the premium - If the policy holder stops paying the premium, the policy lapses and all benefits cease to exist. The policyholder can revive the plan within 2 years from the date of lapsation after which no benefits will accrue under the plan.


You want to surrender the policy–There is no Surrender Value in case of Regular Premium paying option. However, in case of Single Premium, the policy acquires a Surrender Value after 3 complete policy years.
The Surrender Value is calculated as: 40% * Premium Paid * (Unexpired Term/Total Term)


You want a loan against your policy–Loan facility is not available under the plan



Other Term Insurance Plans from IndiaFirst Life Insurance


IndiaFirst Life Plan



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