Increasing life expectancy rate and rising health care costs make retirement planning necessary for everyone. IndiaFirst Retirement Plan ensures that you lead a happy life on your terms even after retirement. This Pension plan will make sure that your dreams live on, and you prevail the same worry free young at heart even in the years to come.
IndiaFirst Retirement Plan Review
The Retirement Plans offered by IndiaFirst provides an options to choose your retirement age and control your investments are managed to meet your retiral needs. IndiaFirst Pension plan present you a financial security so that when your professional income starts to decrease gradually, you can still live with pride on your living standards without compromising. Due to the rising inflation and high cost of living, It is important to start saving early for a stress-free and comfortable retired life.
The IndiaFirst Life Insurance offers a best Pension plan to fulfil your needs after retirement. The Pension plans offered by IndiaFirst help you to do things what you always have been doing even after Retirement. IndiaFirst Pension Premium Calculator helps you to calculate how much you need to grow your wealth to ensure the peaceful post-retirement life with IndiaFirst Retirement Plan. Age is just a number. To Convert your old age into golden years, it is really important to start a retirement planning.
IndiaFirst Guaranteed Retirement Plan Key Features & Benefits
The Retirement planning helps you to arrange an unexpected health care costs to maintain your current lifestyle. IndiaFirst Life Insurance presents you Guaranteed Retirement Plan, which is a guaranteed financial protection to start your the second innings.
IndiaFirst Pension Plan Key Features
The IndiaFirst Guaranteed Retirement Plan offers you the option to earn guaranteed returns for the initial years and an opportunity to further build your retirement collection through the bonus. IndiaFirst Pension plan is furnished to create a safety net around to protect you from all the undesirable elements attached with old age.
Let us check the key features offered by the IndiaFirst Guaranteed Retirement Plan in the following section.
- During initial plan years, The policyholder can earn assured growth on total contribution.
- Earn guaranteed returns of 9 percent on your total premiums paid.
- The extra bonus in the plan will help you to Stay ahead of inflation.
- Insured will get guaranteed returns.
- Maximise your retirement plan up to a term of 40 years.
- This retirement plan offers an opportunity to start planning your retirement irrespective of your age.
- Pay single, limited or regular in line with your cash flow.
- Tax benefits on the paid premiums.
IndiaFirst Guaranteed Retirement Plan Benefits
Tax benefits: Income Tax Benefit on the premiums paid. The policyholder is eligible for tax deductions on premiums paid under Section 80(CCC) of the Income Tax Act, 1961.
Death benefit:
In the case of life Insured’s unfortunate demise, the death benefit amount can be availed as chosen by the appointee/ nominee/ legal heir. The death benefit payable will be higher as below options. Death benefits are tax-free under Section 10(10D) of the Income Tax Act, 1961.
- Total premiums paid as on date of death collecting at the rate of 0.15% per annum compounded annually.
- 105% of the total premiums paid with the addition of the sum of all guaranteed additions and bonuses, if any.
Maturity Benefit:
The Insured will receive yearly payouts equal to 9% of Total basic sum assured after maturity. The Insured will receive the vested bonuses plus terminal bonus (if any) on survival at the end of the policy term. The insured will receive Higher as follows. The Defined Assured Maturity Benefit which is the total premiums paid accumulated at the rate of 0.15 percent per annum.
Vesting Benefit:
To reduce the extent allowed under the Income Tax Act 1961 and to use the balance amount to purchase an immediate annuity from us which shall be guaranteed for life, at the then prevailing annuity rate. Utilise the entire revenue to buy a single premium deferred pension product from us. To extend the accumulation period or deferment period within the same policy with same terms and conditions as the original plan provided the Insured is below age 55 years, subject to underwriting if there is a sum at risk on death.
Surrender Benefit
To reduce the extent allowed under the Income Tax Act, 1961 and to utilise the balance amount to purchase an immediate annuity product from us, which shall be guaranteed for life, at the then prevailing annuity rate. Use the entire proceeds to purchase a single premium deferred pension product.
IndiaFirst Guaranteed Pension Plan Eligibility
| S.no | Eligibility | Conditions |
| 1. | Entry Age |
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| 2. | Maturity Age |
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| 3. | Sum Assured |
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| 4. | Premium Paying Mode |
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| 5. | Premium Paying Frequency |
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| 6. | Premium Paying Terms |
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For more information regarding IndiaFirst Retirement Plan refer Pension plan Brochure.
IndiaFirst Life Retirement Buying Procedure
The IndiaFirst Life Retirement purchasing process is available here. Before purchasing the IndiaFirst Life Insurance Savings, read the Plan details carefully. The insured can purchase this IndiaFirst Life Retirement in two ways either online or offline. For Online mode refer the IndiaFirst Life India Official Website. For offline mode, Visit the nearest IndiaFirst Life Branch Office. Get the documents required for the IndiaFirst Life Retirements here.
- Proposal Form along with the Photograph.
- Age proof of the Life assured.
- Address Proof ( Nominee & Life assured).
IndiaFirst Life Retirements Claim Procedure
The Life insured can claim the Retirement offered by IndiaFirst Life Insurance after the completion of the policy period. In the case of eventual death of the policyholder, the nominee can claim instead of the Life assured. Let us have a glance at the documents required for Claim the IndiaFirst Life IndiaFirst Life Pension Plan here.
- NEFT Form.
- Original policy Bond / Document.
- Discharge form.
- Cancel check or Bank Passbook xerox.
- Proof of Accident and Disability.
- Death certificate ( If in the case of the eventual death of the life insured).
- Proof of title.
IndiaFirst Life Retirement Premium Calculator
IndiaFirst Life Premium Calculator is to calculate Premium amount for yearly, half-yearly, quarterly and monthly of any policy. This New IndiaFirst Life Retirement calculator is used to estimate the benefits offered by the IndiaFirst Life Retirement. The IndiaFirst Life Maturity Calculator provision helps policyholder to calculate the premium and amount paid to the insured after maturity. IndiaFirst Life Premium Calculator is very useful for the policyholder to calculate their Maturity amount and premium amount.
To knock the uncertainty of life, IndiaFirst Life Insurance Retirements offers a broad range of solutions. If you are searching for a plan that guarantees financial protection to your family or saving that extra bit of money for post-retirement life, IndiaFirst Life Retirements are the best Option for you. IndiaFirst Life Savings Insurance Plan has come up with different insurance plans to assist you in all stages of life. The following details are significant for the IndiaFirst Pension Plan Calculator.
- Enter Name.
- Date of Birth.
- Mobile number and email.
- Sum Assured.
- Policy term.
Additional Information regarding IndiaFirst Life Guaranteed Retirement Plan
Loan Facility:
Loan facility is not offered under IndiaFirst Life Guaranteed Retirement Plan.
Free Look Period:
The policyholder can cancel this plan if he/she disagree with any of the terms and conditions within the first 15 days from receipt of your plan document.
Suicide Clause:
If the policyholder commits suicide within 12 months from the date of policy commencement, IndiaFirst will pay 80 percent of the total premium paid to the legal heir. This is irrespective of whether the life assured, was sane or insane at the time death.
If the life assured commits suicide within 12 months from the date of revival/ reinstatement, the benefits payable will be equal to the higher of surrender value or 80 percentage of total premium paid.