IndiaFirst Life Insurance Company Limited
IndiaFirst Life Elite Term Plan
IndiaFirst Life flagship term plan
UIN 143N070V01We don't sell this — we'll still recommend if it fits
The dealbreaker fields (term life)
Sum assured (max)
—
Claim settlement (CSR)
96.5%
Claims TAT
[object Object] days
Suicide exclusion
12 months
Payout options
Lumpsum · Level Monthly Instalments over 5 years
Premium payment
Regular Premium
Policy term
5–81 yrs
Surrender value
no
Free look
30 days
What this plan does well
- Life Cover up to age 99 — DEALBREAKER ADVANTAGE
- Min SA ₹50 Lakhs (accessible entry)
- Min Yearly Premium ₹3,100 — ACCESSIBLE
- Bank-promoted (Bank of Baroda + Union Bank + Carmel Point) — strong financial backing
- Online + Direct + Web Aggregator + Employee channels eligible for 1st Year Discount
- 10% First Year Discount on 1st year premium
- High Sum Assured Discount for SA ≥₹1 Cr
- Premium can be collected up to 3 months in advance with G-Sec yield discount
Watch out for
- ONLY Regular Premium variant — no Limited Pay/Single Pay/Return of Premium options — DEALBREAKER NEGATIVE
- NO surrender value — pure term protection only
- NO maturity benefit, NO survival benefit
- Death Benefit Lumpsum or Monthly Instalments only (no Lumpsum+Monthly combined like Edelweiss/Canara HSBC)
- No Better Half Benefit / Spouse continuation feature
- No Special Exit Value at Age 55
- IndiaFirst Life CSR ~96-97% (mid-tier vs top 99%+)
- Death Benefit 10x Annualized Premium (vs Bandhan 11x)
Is this the right plan for you?
Run the 30-second cover calculator. We'll tell you whether this plan, or a different one, is the better fit.
Find my right cover →We don't directly sell this plan today. If our verdict says this is your best fit, we'll point you to a broker who does — and tell you our paired listed alternative so you can decide.