13, Sep 2023
IndiaFirst Life Insurance Launches Guaranteed Single Premium Plan
Chennai, September 13th, 2023 – 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 individuals with a seamless blend of financial protection and savings. It caters to their long-term security needs while helping them with legacy and wealth planning for future generations.
IndiaFirst Life Guaranteed Single Premium Plan (GSPP) is a non-linked, non-participating, individual, single premium savings plan, which offers guaranteed return to the customer over long policy term. With a one-time premium payment prior to policy inception, customers can avail dual benefits of financial protection and savings from a single policy.
Customers have the flexibility to select their desired life cover option from a range of choices, including a life cover of 1.25x times or 10x against the single premium. This unique customization empowers individuals to align their coverage with their long-term financial goals.