How to Buy IndiaFirst Life Guardian of Life Dreams Term Plan Online?

Enter Your Details

Add your basic and personal information accurately and completely to begin the application process.

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Choose Your Coverage Option

Select the coverage option and life cover amount that best aligns with your protection needs and financial goals.

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Review Your Quote

Review the premium, coverage details, and death benefit payout option selected before proceeding further.

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Make Payment

Complete the purchase using your preferred online payment mode and receive your policy as per the applicable terms and conditions.

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Why Choose IndiaFirst Life Insurance Plans?

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1.79 Crore

Lives Secured Since Inception

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Available in 16,500+

BOB & UBI Branches

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₹34,403 Crore

Assets Under Management (AUM) as of Mar'26

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1 Day

Claim Settlement Assurance

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Key Features

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Flexible Protection Options

Choose between the Life Cover option and the Life Cover with Return of Premium option based on your protection and financial goals. This flexibility allows you to select a plan that best suits your long-term needs.

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Customizable Death Benefit Payout

Your nominee can receive the death benefit as a lump sum, monthly income for 10 or 20 years, or a combination of both. This helps ensure financial support is available in the manner most suitable for your family.

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Women Special Benefits

16% Level Premium Discount for women

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Health Management Services

Support your overall well-being with comprehensive Health Management Services, offering benefits of up to ₹75,000 annually.

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Smart Exit Value

Under the Life Cover option, you can opt for the Smart Exit Value and receive the total premiums paid as a lump sum, subject to policy conditions. This feature provides added flexibility during the later years of the policy.

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Additional Protection for Your Spouse

With the optional Soulmate Benefit, your spouse can receive life cover after your demise without paying any future premiums. The benefit offers an additional layer of financial security for your loved ones.

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Benefits Available Under the Plan

Death Benefit

On death during the policy term when the policy is in force, the death benefit is paid, and the policy terminates.

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Maturity Benefit (Applicable only for Life Cover with Return of Premium)

On survival till the end of the policy term, 100% of Total Premiums Paid shall be paid.

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Smart Exit Value (Applicable only for Life Cover)

Exit the policy and receive total premiums paid as a lump sum benefit, subject to applicable conditions.

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Optional Soulmate Benefit

Provides additional death benefit cover for the spouse after the death of the primary life assured.

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See How IndiaFirst Life GOLD Term Plan Fits Your Needs

  • Young Professionals (Age: 25–35) Young Professionals (Age: 25–35)
  • Women Financial Decision-Makers Women Financial Decision-Makers
  • Newly Married Couples Newly Married Couples
  • Parents with Young Children Parents with Young Children
  • Single-Income Breadwinners Single-Income Breadwinners
  • Protection + Return of Premium Seekers Protection + Return of Premium Seekers
  • Pre-Retirement Pre-Retirement
  • Self-employed Self-employed

Young Professionals (Age: 25–35)

  • Life cover with a minimum Sum Assured of ₹1 crore

  • Choice of limited-term or whole-life protection

  • Flexible single, limited or regular premium payment options

  • Health Management Services worth up to ₹75,000 per annum

Women Financial Decision-Makers

  • Special premium discounts available for female lives

  • Choice between Life Cover and Life Cover with Return of Premium

  • Death Benefit payout as Lumpsum, Monthly Income or Combination of both.

  • Optional riders offering enhanced protection with- Accidental Death Benefit Rider, Total & Permanent Disability Rider or Waiver of Premium Rider (WOP on ATPD or Diagnosis of CI)

  • Extend protection to your spouse with ‘Soulmate’ Benefit.

Newly Married Couples

  • Extend protection to your spouse with ‘Soulmate’ Benefit

  • Soulmate benefit offers an Additional cover to spouse, equal to 25% of the primary life’s Sum Assured, up to ₹1 crore

  • No future premiums are payable after the primary life assured’s death

  • Health Management Services worth up to ₹75,000 per annum

  • Optional riders offering enhanced protection with- Accidental Death Benefit Rider, Total & Permanent Disability Rider or Waiver of Premium Rider (WOP on ATPD or Diagnosis of CI)

Parents with Young Children

  • Life cover helps protect your children’s long-term financial needs

  • Get Death Benefit payout as Lumpsum, Monthly Income or Combination of both.

  • Choose 50% as a lump sum and 50% as monthly income, which provides immediate family supports and also provide regular financial support to family through monthly income

  • Waiver of Premium Rider helps keep the base policy protected after specified events

Single-Income Breadwinners

  • Life cover with a minimum Sum Assured of ₹1 crore

  • Lump-sum payout can support immediate family expenses

  • Monthly income option can provide regular financial support

  • Optional riders offering enhanced protection with- Accidental Death Benefit Rider, Total & Permanent Disability Rider or Waiver of Premium Rider (WOP on ATPD or Diagnosis of CI)

Protection + Return of Premium Seekers

  • Life cover protects your family during the policy term

  • Receive 100% of Total Premiums Paid on surviving the policy term

  • Choose single, limited or regular premium payment

  • Policy loan of up to 80% of the Surrender Value, subject to  policy conditions

Pre-Retirement

  • Choose limited-term or whole-life protection based on your needs

  • Life Cover may continue up to 100 years of age, subject to eligibility criteria

  • Smart Exit allows you to receive 100% of Total Premiums Paid, subject to eligibility criteria & policy conditions

  • Choose a lump sum, monthly income or combination payout for your nominee

Self-employed

  • Choose from  single, limited or regular premium payment options 

  • Complimentary Health Management Services support healthier living

  • Optional riders offering enhanced protection with- Accidental Death Benefit Rider, Total & Permanent Disability Rider or Waiver of Premium Rider (WOP on ATPD or Diagnosis of CI)

  • Receive 100% of Total Premiums paid on surviving the policy term

How does the IndiaFirst Life Guardian of Life Dreams Term Plan work?

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    Age 35

    Aarav is a working professional with a spouse and a young daughter. He chooses IndiaFirst Life Guardian of Life Dreams Term Plan to financially protect his family's future.

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    35 – 36 Years

    Aarav selects a Sum Assured of ₹1 Crore under the Life Cover option and chooses coverage up to age 80. He also selects the Lump sum and Level Income death benefit payout option to support his family’s future financial needs.

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    37 – 52 Years

    He continues paying premiums as per the selected premium payment frequency. During the policy term, his family remains protected, and he continues to enjoy life cover as per the policy terms.

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    Age 53

    Aarav unfortunately passes away during the policy term. Since the policy is in force, the death benefit becomes payable to the nominee as per the selected payout option, as a lump sum and monthly income over the chosen income period.

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    Claim Settlement Process

    Step 1: Claim Registration

    • On death during the policy term when the policy is in force, the death benefit becomes payable to the nominee as per the coverage option and death benefit payout option chosen at inception.
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    Step 2: Claim Assessment

    • The applicable death benefit will be determined as per policy conditions. 
    • For Limited/Regular Premium policies, the benefit payable will be the higher of Sum Assured, 10 times of Annualized Premium, or 105% of Total Premiums Paid. 
    • For Single Premium policies, the benefit payable will be the higher of Sum Assured or 1.25 times the Single Premium.
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    Step 3. Claim Settlement

    • The death benefit will be paid according to the selected payout option, as a lump sum, monthly income for 10 or 20 years, or partly as a lump sum and partly as monthly income.
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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?

    View All FAQ

    What plan options are available under IndiaFirst Life Guardian of Life Dreams Term Plan?

    Answer

    Option 1: Life Cover

    Option 2: Life Cover with Return of Premium

    What are the modes of premium payment available?

    Answer

    Monthly / Quarterly / Half Yearly / Yearly / Single Pay

    What is Smart Exit Value?

    Answer

    Under this option, the life assured can exit his/her policy with a Smart Exit Value, where the life assured shall be returned the total premiums paid as a lump sum benefit. No additional premium is payable to avail this option. Only available with Life Cover option.

    What are Health Management Services?

    Answer

    Health Management Services are complementary services in the areas of prevention, diagnosis, treatment, or recovery, which may include services such as medical consultation, coaching, second opinion, personal medical case management with the objective of health management and improvement.

    What premium payment terms are available under Limited Premium?

    Answer

    For Limited Premium, allowable Premium Paying Terms (PPTs) are 5 years, 10 years, 15 years, and 20 years only.

    How are instalment premiums calculated?

    Answer

    The following premium frequency factors will be multiplied on the Annualized Premium to arrive at the instalment premium:

    • Annual / Single – 1.0000

    • Half-yearly – 0.5102

    • Quarterly – 0.2577

    • Monthly – 0.0865

    What is the grace period for premium payment?

    Answer

    30 days for Limited Premium policies with yearly, half-yearly & quarterly modes and 15 days for the monthly mode.

    The policy will remain in force during this grace period.

    Can a lapsed policy be revived?

    Answer

    Under Limited Pay policies, the revival period is 5 years from the date of the first unpaid premium.

    The policyholder may revive the policy by paying all the arrears of premium with interest within 5 years from the due date of the first unpaid premium, subject to the production of satisfactory evidence of health, if required.

    What happens in the case of the death of the life assured?

    Answer

    In case of the death of the life assured during the policy term, the death benefit will be paid to the nominee as per the plan option chosen.

    What are the available death benefit payout options?

    Answer

    The policyholder will have the option to choose a death benefit payout as below:

    • Only as a lump sum

    • Only Monthly Income for 10/20 years

    • Partly as a lump sum and partly as a monthly income for 10/20 years

    How is the death benefit calculated?

    Answer

    For Limited/Regular Premium:

    Higher of:

    • Sum Assured

    • 10 times of Annualized Premium

    • 105% of Total Premiums Paid (TPP)

    For Single Premium:

    Higher of:

    • Sum Assured

    • 1.25 times of Single Premium

    Who receives the death benefit?

    Answer

    On death during the policy term when the policy is in force, the death benefit is paid to Nominee, and the policy terminates.

    What are nomination and assignment provisions?

    Answer

    • Nomination shall be as per Section 39 of the Insurance Act, 1938, as amended from time to time.

    • Assignment shall be as per Section 38 of the Insurance Act, 1938, as amended from time to time.

    Disclaimer

    T&C Apply. *The first-year yearly premium for a healthy, non-smoking 18-year-old, salaried, male, 22 years policy term, 22 year premium payment term, purchasing a ₹1 crore sum assured policy online would be ₹4736. This amount reflects a 15% online discount applicable only in the first year & the salaried customer discount of 5% applicable on First Year Premium. From the second year onward, the regular yearly premium would be ₹5920. All premiums mentioned are exclusive of applicable taxes. Death Benefit Option Selected: Monthly Income for 20 Years.  
     

    IRDAI Regd. No. 143 | CIN: U66010MH2008PLC183679 | UIN:143N081V01. IndiaFirst Life Insurance Company Limited, IRDAI Regn No.143, CIN: U66010MH2008PLC183679, Address: 12th & 13th floor, North Tower, Building 4, Nesco IT Park, Nesco Centre, Western Express Highway, Goregaon (East), Mumbai – 400 063. Toll free No – 18002098700. IndiaFirst Life Insurance Company Limited is only the name of the Life Insurance Company and IndiaFirst Life Guardian of Life Dreams Term Plan (UIN 143N081V01) is only the name of the Life Insurance Product and does not in any way indicate the quality of the contract, its future prospects, or returns. Trade logo displayed above belongs to our promoter M/s Bank of Baroda and is used by IndiaFirst Life Insurance Co. Ltd under License.
     

    For more details on risk factors, associated terms and conditions and exclusions please read the product brochure before concluding a sale.

    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.