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IndiaFirst Simple Benefit Plan - Bonus Rates Calculate Maturity Value
IndiaFirst Simple Benefit Plan - Bonus Rates Calculate  Maturity Value
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Bonus rates for IndiaFirst Simple Benefit Plan

The table below shows the Bonus rates declared for IndiaFirst Simple Benefit Plan from inception. You can use this to calculate the IndiaFirst Simple Benefit Plan Maturity Value. Reversionary Bonus for your policy is calculated as a percentage of sum assured.

In case you have a plan with Sum Assured of Rs. 5,00,000 - Use the values in the table as following:

Bonus Value = (Sum Assured x Bonus Rate / 100) = 5,00,000 x Bonus Rate / 100


Reversionary Bonus for IndiaFirst Simple Benefit Plan ( UIN -143N019V01)

Year Bonus Rate
2018-19 3.50%
2017-18 3.50%
2016-17 3.50%
2015-16 3.50%
2014-15 3.50%
2013-14 3.50%
2012-13 4.00%


Reversionary Bonus for IndiaFirst Simple Benefit Plan ( UIN -143N019V02)

Year Bonus Rate
2018-19 2.00%
2017-18 2.00%
2016-17 2.00%
2015-16 2.00%
2014-15 2.00%
2013-14 2.00%


Reversionary Bonus for IndiaFirst Simple Benefit Plan ( UIN -143N019V03)

Year Bonus Rate
2018-19 2.00%
2017-18 2.00%



Interim Bonus for IndiaFirst Simple Benefit Plan (UIN -143N019V01)

Interim bonus is applicable for exits after 31st March of the next year but before the declaration of the next year reversionary bonus.
 
Year Bonus Rate
2018-19 3.00%
2017-18 3.00%
2016-17 3.00%
2015-16 3.00%


Interim Bonus for IndiaFirst Simple Benefit Plan (UIN -143N019V02)

Year Bonus Rate
2018-19 1.50%
2017-18 1.50%
2016-17 1.50%
2015-16 1.50%


Interim Bonus for IndiaFirst Simple Benefit Plan (UIN -143N019V03)

Year Bonus Rate
2018-19 1.50%
2017-18 1.50%



Terminal Bonus

Terminal Bonus refers to a one time payment which is applicable to your policy and is payable at the time of claim i.e either on death or maturity as the case may be.

As of now we dont have any information on terminal bonus of this plan.


Maturity Benefit

So to get to the Survival value of IndiaFirst Simple Benefit Plan, you have to add all of the following - Sum Assured +  Vested Simple Revisionary Bonus + Terminal Bonus (if any) + Interim Bonus (if any)

Do let us know in case you need any further information on the bonus rates for this plan or in calculating the returns for your IndiaFirst Simple Benefit Plan

Please contact the IndiaFirst Life's office for exact details of the bonus which has accrued in your plan.

You can read know more about the plan and it’s working here - IndiaFirst Simple Benefit Plan Review

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