Maximum premium is Rs. 10,000 under the plan irrespective of the policy term chosen for one policy. The insured can buy policies further up to the limit of sum assured being 5,00,000.
FAQ Category: Savings Insurance Khata
How much is the minimum premium I need to pay to get the cover under the plan?
The plan offers life insurance cover with premium as low as Rs.1000.
What is the minimum and maximum maturity age under the plan?
The minimum maturity age is 23 years and maximum 50 years under the plan.
At what age I can buy the plan?
To buy the plan your age at entry should be minimum 18 years and maximum 45 years in case of 5 year Policy term and minimum 18 years and maximum 40 years in case of 10 year policy term.
What are the policy term options under the plan?
The policy term is fixed at 5 years or 10 years under the plan. You can choose either of the two options as per your need.
Does this plan have option to cover joint lives?
There is no option of joint life in the plan.
What are the premium payment options available under the plan?
You can buy IndiaFirst Life POS INSURANCE KHATA Plan under single premium only.
Can I add optional riders in this plan?
There are no riders in this plan.
What are the tax benefits available under the plan?
Tax benefits are available on premiums paid and benefits receivable as per prevailing Income Tax Laws. These are subject to change from time to time as per the Government Tax laws. Please consult your tax consultant before purchase of the policy.
What is the amount of bonus I will get under the plan?
The plan only refunds percentage of your premium and does not have any additional bonus payable in the policy. Bonus is not applicable in this plan as this is a Term plan with Return of Premium on maturity on survival of life assured.