IndiaFirst Life Elite Term Plan

Share your basic details to calculate the premium

How to buy IndiaFirst Life Elite Term Plan

1. Enter Details

Fill in your name, mobile number, gender and other required essentials, accurately and completely.

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2. Choose Cover

Select the amount that will best fulfil your family’s future financial needs.

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3. Review Quote

Review your quote & premium amount details thoroughly, as any misinformation can impact your eligibility.

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4. Make Payment

Choose your preferred online mode of payment to complete the process and receive the policy.

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How Does The IndiaFirst Life Elite Term Plan Work?

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At age 40

Jayesh is a bank manager with a wife and 8-yr old daughter. He buys IndiaFirst Life Elite Term Plan.

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His Plan Options

Jayesh opts for a Sum Assured of Rs. 1 Crore and coverage till age 80 years, to secure his family’s future. As he receives a 10% discount on his 1st year premium, he pays an annual premium of Rs. 26,344 (Inclusive of GST) for the 1st year

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Premium Payment

He pays an annual premium of Rs. 29,272 (Inclusive of GST) regularly from the 2nd year onwards, at age 42 years.

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At age 54

Jayesh unfortunately passes away from an illness. His wife, who is the nominee, takes the Sum Assured of Rs. 1 Crore as a lumpsum and the policy terminates.

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Why Choose IndiaFirst Life Insurance Plans?

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1.64 Crore

Lives secured since inception

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Available in 16,500+

BOB & UBI Branches

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30,968 Crore

AUM as of Mar’25

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1 Day

Claim settlement assurance

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Claim Settlement Process

Step 1: Claim Registration

You can register your claim using any of the given modes: online in our website, through email or call, by visiting us at branches, by courier or by immediate registration. Click here to learn more in detail

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Step 2: Claim Assessment

Our team will thoroughly evaluate the claim details and notify you if any further information is needed. All the information will be shared with you on your registered contact details – SMS/Email/Letters.

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Step 3. Claim Settlement

After a comprehensive evaluation, we will render a fair and timely decision on the claim.

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Claim Documents

  • Plans

  • Investment strategies

Death Claims

  • Duly filled and signed Claim Intimation Form
  • Original Policy Document
  • Original or Attested* Death Certificate issued by local authority
  • Claimant’s Valid bank passbook/statement or Cancelled Cheque with pre-printed Name and pre-printed Bank account number
  • Copy of claimant's photo identification proof and current address proof -
  • Copy of medico legal cause of death certificate/MCOD
  • Medical records (admission notes, discharge/ death summary, indoor case papers, test reports, etc.)
  • Prior medical records of insured/ Life assured
  • Medical attendant's/ hospital certificate issued by doctor
  • Certificate from employer (for salaried individuals)
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Accidental/Suicidal Death

  • Post mortem report and chemical viscera report.
  • FIR/Panchnama/Inquest Report along with the final investigation report
  • Copy of driving license if Life Assured was driving the vehicle at the time of accident (applicable if 'Accident and Disability Benefit Rider' is opted)
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Maturity Claims

  • A fully completed and signed claim intimation form.
  • Original policy documents.
  • Policyholder's PAN Card copy.
  • A cancelled cheque indicating the account number and policyholder's name, or a copy of the bank passbook.
  • NRI declaration (if applicable for NRIs)
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How can we help?

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Disclaimer

*Monthly premium for 1 Cr sum assured bought offline for 20-year-old healthy male for cover up to age 75 would be Rs. 608 (Rs. 20.27 per day) Regular monthly premium from year 2 for the same parameters would be Rs. 676 (22.53/day).

 

Tax exemptions are as per applicable tax laws from time to time.

 

IndiaFirst Life Insurance Company Limited, IRDAI Regn No.:143, CIN: U66010MH2008PLC183679, Address: 12th & 13th floor, North [C] Wing, Tower 4, Nesco IT Park, Nesco Center, Western Express Highway, Goregaon (East), Mumbai – 400 063. Toll-free No – 18002098700. Email Id: customer.first@indiafirstlife.com, Website: www.indiafirstlife.com, Fax No. +91226570600. Trade logo displayed above belongs to our promoter M/s Bank of Baroda and is used by IndiaFirst Life Insurance Co. Ltd.

BEWARE OF SPURIOUS/FRAUD PHONE CALLS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.