IndiaFirst Investment Plans
IndiaFirst Life Money Balance plan offers you dual benefits- a life co ...Read More
IndiaFirst Life Money Balance plan offers you dual benefits- a life cover to protect your family financially and market-linked returns on your invested amount.
A quick read on what this IndiaFirst Investment Plans term plan covers and why it might be a fit for you.
IndiaFirst Life Money Balance plan offers investment plan and dual benefits- a life cover to protect your family financially and market-linked returns on your invested amount.
IndiaFirst Life Money Balance Plan offers you a range of benefits including:
Flexibility of partial withdrawal
Expert-led investment strategy
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the IndiaFirst Life Money Balance Plan works with a simple premium illustration.
Mr. Verma is looking for an Investment plan that helps him create a lump sum amount to fulfill his financial needs.
His financial advisor advised him to buy the IndiaFirst Life Money Balance Plan. He visited PolicyX.com
Let's understand how the IndiaFirst Life Money Balance Plan works for him with a premium illustration table.
| Age of policyholder | Annual Premium | Policy tenure | Premium Payment Tenure | Maturity Benefits |
| 30 years | Rs 50,000 | 20 years | 5 years | Rs 5,74,167 |
Key Takeaways: At the end of the policy tenure the maturity benefits of Rs 5,74,167 are paid to the policyholder.
There are various benefits to buying the IndiaFirst Life Money Balance Plan. Let’s understand each of them in detail:
Key features that make IndiaFirst Life Money Balance stand out.
Partial withdrawals
This plan offers you the facility of partial withdrawals after the end of the lock-in period in case of any emergency or financial requirements.
Switching
This plan allows you to switch between the funds. You can switch twice in a month and there is no applicable. You cannot carry forward your switches.
Grace period
Money Balance Plan offers you a grace period of 15 days in case of monthly payments and 30 days in case of quarterly, half-yearly, and yearly payments to pay your missed payments without heavy charges.
Free-look period
Money Balance Plan offers a 15-day free-look period to their policyholders to check terms and conditions. Moreover, they can also cancel their policy within the free-look period funds.
Keep these documents handy when applying for IndiaFirst Life Money Balance.
Photo ID Proof
Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records
Medical Records of the policyholder if requested.
Income Proof
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the IndiaFirst Life Money Balance Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Given below are some exclusions of the IndiaFirst Life Money Balance Plan-
Suicide within 12 months of the policy purchase is not covered.
Consumption of any intoxicants.
Death due to any aviation accident.
Death due to any adventurous sports.
Here are the key features of the IndiaFirst Life Money Balance.
| What’s Good Here | What’s Missing |
| Switching or Redirecting Premiums | Guaranteed Additions |
| Life Cover | Premium Offset |
| Choice of 4 Fund Options | Whole Life Cover |
| Flexibility to withdraw funds partially | No Auto Cover Continuance |
IndiaFirst Life Money Balance Plan helps you create wealth over time along with financial protection for your dependents. This plan offers you a range of benefits that help you decide whether this plan is appropriate for you or not. These advantages include wealth creation, market-linked returns, life cover, flexible premium payments, switching funds, etc. If you are still confused about whether this plan is right for you or not you can contact us at PolicyX.com. One of our representatives will reach out to you shortly, understand your requirements, and help you choose the right plan for you.
The 5 most-asked questions about IndiaFirst Life Money Balance, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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