IndiaFirst Investment Plans
IndiaFirst Life Wealth Maximizer is a unit-linked, non-participating s ...Read More
IndiaFirst Life Wealth Maximizer is a unit-linked, non-participating savings insurance plan offered by IndiaFirst Life Insurance. It is designed to provide the dual benefits of investment and insurance coverage.
A quick read on what this IndiaFirst Investment Plans term plan covers and why it might be a fit for you.
IndiaFirst Life Wealth Maximizer is a unit-linked, non-participating savings insurance plan offered by Indiafirst Life Insurance. It is designed to provide the dual benefits of investment and insurance coverage. With a minimum entry age of 5 years and a maximum entry age of 55 years, this plan comes with a maturity age of 90 years. For maximum return on investment, this investment plan contains seven different funds to offer investment options for your portfolio.
IndiaFirst Life Wealth Maximizer Plan offers you a range of benefits including:
Option to invest in seven different funds
Multiple investment strategies
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 Wealth Maximizer 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 Wealth Maximizer plan. He visited PolicyX.com
Let's understand how the IndiaFirst Life Wealth Maximizer 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 Wealth Maximizer Plan. Let’s understand each of them in detail:
Key features that make IndiaFirst Life Wealth Maximizer stand out.
Partial withdrawal
Partial withdrawal starts from Rs.10,000 to 25% of the value of your sum assured after completing the 5th policy anniversary.
Switching
Multiple switching starting from Rs.5000 to no limit between funds for the whole policy tenure.
Grace period
Wealth Maximizer 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
Wealth Maximizer 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 Wealth Maximizer.
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 Wealth Maximizer 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 Wealth Maximizer 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 Wealth Maximizer.
| 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 |
If you are looking for a savings plan that provides a good return on your investment and protection of life cover, you can choose the IndiaFirst Life Wealth Maximizer plan. If you are still confused about whether the Wealth Maximizer plan is right for you, then you can contact us at PolicyX.com. One of our insurance experts will reach out to you shortly, understand your requirements, and help you choose a plan that best fits your requirements. One of our representatives will reach out to you shortly, understand your requirements, and help you choose the right plan for you.
The 4 most-asked questions about IndiaFirst Life Wealth Maximizer, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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