India First Young India Plan
IndiaFirst Young India Insurance Plan
IndiaFirst Young India is a unit-linked insurance plan from IndiaFirst Life Insurance Company. The policy pays the sum assured amount to the nominee in case of death of the policy holder. Additionally the nominee also receives a benefit amount which is equal to the sum of all future premiums.
Compare this plan with other Investment Plans
India First Young India Plan - Key Features
India First Young India Plan - Benefits
In case of death of the Life Insured, the nominee would get the Sum Assured amount. In addition to this a benefit amount equal to the sum of all fu
On the maturity of the policy, the Fund Value is paid to the policyholder. The policyholder has a choice to receive this amount in instalments over
The Life Insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C
In the event of death of the policyholder or disability due to accident, the beneficiary gets an additional amount equal to the sum of all future p
There are no riders available in this policy Investment Fund Options There are 5 Investment Funds available...
Not Applicable
The minimum amount that you can switch is Rs 5,000. 2 switches are free every month
Partial withdrawals are allowed only after the policyholder has paid all the premiums for the first five years. The minimum amount that you can wit
The Premium redirection can be opted from the 2nd policy year. Under premium redirection the policyholder can redirect his/her future in
Eligibility conditions and other restrictions in IndiaFirst Young India Plan
|
Minimum |
Maximum |
|
|
Sum Assured (in Rs.) |
105% x PPT x Annual Premium |
- |
|
Policy Term (in years) |
10 |
25 |
|
Premium Payment Term (in years) |
- |
- |
|
Entry Age of Policyholder |
18 |
55 |
|
Age at Maturity |
65 |
|
|
Minimum premium (in Rs.) |
6,000 (Half Yearly) 12,000 (Yearly) |
- |
|
Payment modes |
Yearly and Half-Yearly |
|
India First Young India Plan - FAQs
If the policy holder stops paying the premium, the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The amount of the discontinued plan will be refunded only upon the completion of the fifth plan year after deducting discontinuance charges on the date of discontinuance.
If the policy holder stops paying the premium after 5 years, then the policy fund amount till the date of discontinuance shall be paid to the policy holder and the policy will terminate immediately.
In case of death of the life insured after the fund value of the policy credited to the discontinuance policy fund, the discontinuance policy fund value as on date of receiving intimation of death will be paid. No benefit will be payable in case of disability of the life insured after the fund value of the policy credited to the discontinued policy fund
Loan is available under this plan only before the completion of 5 policy years. After 5 years, there is no loan facility under this plan.
