IndiaFirst Life launches assured single premium plan. Advantages, and different particulars in 5 factors

Commenting on the launch, Rushabh Gandhi, Deputy CEO, IndiaFirst Life Insurance coverage, stated “Our view is that the rates of interest will stay secure within the close to future and begin softening over the medium to long run. In such a situation, it’s helpful for purchasers to make the most of the prevailing high-interest charges and lock in assured returns for the long run. The IndiaFirst Life Assured Single Premium Plan ensures as much as 7x returns for a 30-year coverage time period making it a super product for each retirement planning and legacy planning. Given this pull, we intend to market this product extensively by way of our Bancassurance companions, Financial institution of Baroda and Union Financial institution of India, and help their efforts with a 360-degree advertising and marketing marketing campaign together with print, outside, and digital media.”

IndiaFirst Life Assured Single Premium Plan: Key issues to know

1)IndiaFirst Life Assured Single Premium Plan (GSPP) is a non-linked, non-participating, particular person, single premium financial savings plan, which presents assured returns to the client over a protracted coverage time period. 

2)With a one-time premium cost previous to coverage inception, prospects can avail of twin advantages of monetary safety and financial savings from a single coverage.

3)Prospects have the pliability to pick their desired life cowl possibility from a spread of selections, together with a life cowl of 1.25 occasions or 10x in opposition to the one premium. 

4)This distinctive customization empowers people to align their protection with their long-term monetary objectives.

5)It caters to their long-term safety wants whereas serving to them with legacy and wealth planning for future generations.

Up to date: 13 Sep 2023, 12:15 PM IST