Policy Term options

Policy Term options available under the above mentioned online term insurance plan

Regular premium	Single premium
5 to 30 years	5 to 30 years

Are maturity benefits available under term insurance plan?

Since IndiaFirst Anytime Plan is a pure term insurance plan, there are no maturity benefits available under it.

Calculate premium for IndiaFirst Anytime Plan

To calculate premium for the term insurance plan refer the chart given below:

The term insurance premium is primarily dependent on age of the policyholder at the time of application, the sum assured and the term of the plan. For example, for a sum assured of Rs. 30 lakhs, a policyholder will have to pay the following regular insurance premium

 

Online term insurance- Important decision

Term insurance plans offer a higher life insurance cover at a lower fixed premium. A term plan can typically provide an insurance cover till 75 years of age. A term plan is a must to complete an individual’s financial plan and is used mainly to provide cover for financial needs of the insured and his family. For e.g. a term plan can be used by the family to pay up responsibilities like home loan or education of kids in case of an unfortunate demise of the insured.

IndiaFirst Anytime Plan is an online term plan that offers a higher sum insured of upto Rs 49 lakhs at  a lower premium and ensures that the family of the insured is taken care of, even in his/her absence. In this plan, the sum assured is paid to the beneficiary in case of the unfortunate death of the life assured. IndiaFirst Anytime Plan provides the life assured the benefits of a life cover for a period of up to 30 years at a reasonable premium amount anytime and anywhere by directly visiting the India First LifeStore.

Customer service has become challenge for Life Insurance companies

Comparing various products and prices has become easy. Moreover, improving financial literacy, greater competition and wider product diversity has further added to the customers’ awareness even in the financial domain which so far was considered technical and complex. With increased awareness, customers have started expecting more and providing good customer service has become a challenge!

To meet the needs of the new and evolved customer successfully for life insurance companies, we need to ensure that -

·         The customer can easily understand the key product takeaways.

·         In case of need for additional information, the same can be met easily.

·         A feedback mechanism is in place which will allow understanding of the customer’s buying experience.

·         In case of any complaints after purchase, the same can be addressed successfully.