IndiaFirst Life “INSURANCE KHATA” Plan (Micro-Insurance Product) is a micro life insurance, endowment plan. It takes care of both your family’s needs in case of your untimely demise and returns more than your money if no untoward event takes place.
Reasons to buy IndiaFirst Life “INSURANCE KHATA” Plan
Simple to understand and easy to purchase policy
Designed to provide financial protection to your family.
At the end of the term you get guaranteed assured benefit on maturity
Be rest assured, as you know the exact amount of benefits right at the inception.
Pay through single premium and get coverage for 5/7/10 years as per your choice.
Pay the single premium once or multiple times to increase your cover as per your capacity.
What are the eligibility criteria?
Minimum age at entry is 18 years and maximum age is 45 years for policy term 5 years, 43 years for policy term 7 years, 40 years for policy term of 10 years.
Maximum Age at Maturity is 50 years
Minimum premium is Rs. 200 for 5 year policy term, Rs. 143 for 7 year policy term, Rs. 100 for 10 year policy term
Maximum premium is Rs. 40,000 for 5 year policy term, Rs. 28,570 for 7 year policy term, Rs. 20,000 for 10 year policy term
Minimum Sum Assured: Rs. 1000 and Maximum Sum Assured: Rs. 2, 00,000.
You can buy the plan for a term of 5 years, 7 years or 10 years.