IndiaFirst Life launches guaranteed single premium plan. Benefits and other details in five points | spcilvly

Mumbai: IndiaFirst Life Insurance Company Limited (IndiaFirst Life) has introduced a novel offering – IndiaFirst Life Guaranteed Single Premium Plan. This unique plan is designed to provide people with a perfect combination of financial protection and savings.

Commenting on the launch, Rushabh Gandhi, Deputy CEO, IndiaFirst Life Insurance, said, “Our view is that interest rates will remain stable in the near future and start easing in the medium to long term. In such a scenario, It is beneficial to Customers can take advantage of the prevailing high interest rates and secure long-term guaranteed returns. IndiaFirst Life Guaranteed Single Premium Plan guarantees returns of up to 7 times over a policy period of 30 years, making it a ideal product for both retirement planning and “Given this push, we intend to market this product widely through our Bancassurance partners, Bank of Baroda and Union Bank of India, and support their efforts with a marketing campaign 360-degree program that includes print, outdoor and digital media.

IndiaFirst Life Guaranteed Single Premium Plan – Key things to know

1) IndiaFirst Life Guaranteed Single Premium Plan (GSPP) is an individual, non-linked and non-participating single premium savings plan, which offers guaranteed returns to the customer over a long policy term.

2) With a single premium payment prior to policy inception, customers can avail the dual benefits of financial protection and savings of a single policy.

3) Customers have the flexibility to select their desired life cover option from a variety of options, including 1.25 times or 10 times single premium life cover.

4) This unique customization allows people to align their coverage with their long-term financial goals.

5) Meets their long-term security needs while helping them with estate and legacy planning for future generations.

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Updated: September 13, 2023, 12:15 pm IST

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