IndiaFirst Investment Plans
IndiaFirst Smart Save Plan is a unit-linked life insurance endowment p ...Read More
IndiaFirst Smart Save Plan is a unit-linked life insurance endowment plan. It helps you build wealth with market-linked returns and offers security with a life cover.
A quick read on what this IndiaFirst Investment Plans term plan covers and why it might be a fit for you.
Secure your future with the IndiaFirst Smart Save plan: Invest smartly and watch your wealth grow.
IndiaFirst Smart Save Plan is a unit-linked life insurance endowment plan. It helps you build wealth with market-linked returns and offers security with a life cover. With the Smart Save plan, you can choose from 4 different fund options as per your risk appetite.
You can easily make the most of your premiums by ‘redirecting your premium’ from one fund to another. The investment plan has a flexible premium payment option that allows you to pay premiums on a regular, limited, or single-pay basis. Once you survive throughout the policy term, you'll receive the accumulated fund value in a lump sum or monthly installments as per the chosen payout option.
IndiaFirst Smart Save Plan offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the IndiaFirst Smart Save 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 Smart Save Plan. He visited PolicyX.com
There are various benefits to buying the IndiaFirst Smart Save Plan. Let’s understand each of them in detail:
The plan allows you to access your accumulated funds partially in case of any financial emergency after the five-year lock-in period.
Key features that make IndiaFirst Life Smart Save stand out.
Switching
You are allowed 2 free switches every month, i.e., 24 free switches a year. However, the unused free switches cannot be carried forward to the nextmonth/year.
Multiple premiumpaying modes
There are multiple premium payment modes available including yearly, half-yearly, one-time etc.
Multiple maturityoptions
On maturity you may choose to -Receive the entire fund value as a lump sum payment or Defer your maturity payment through the ‘Settlement Option’
Premium redirection
Under premium redirection you can redirect your future investments towards a different fund or set offunds.
Keep these documents handy when applying for IndiaFirst Life Smart Save.
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 Smart Save 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 Smart Save 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 Smart Save.
| 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 Smart Save Plan is a unit-linked life insurance endowment plan. It is an ideal plan for someone who wants to build wealth or planning for early retirement. Feel free to reach out to us for any further assistance anytime.
The 5 most-asked questions about IndiaFirst Life Smart Save, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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