He further optimised his investments by selecting the Defined Allocation Strategy.
He chose Dynamic Asset Allocation (30%), Flexi Cap Equity (25%), Sustainable Equity (25%) and Equity Elite Opportunities (20%) as 4 fund options in the strategy.
In ULIP Plan, the investment risks in the investment portfolio is borne by the policyholder
Plan Kijiye Apne
Bacchon Ka Future With
IndiaFirst Life
Radiance Smart Invest Plan
(A Unit Linked, Non-Participating, Individual Life Insurance Endowment Plan)
One Plan. Many Dreams.
Plan Your Child’s Future Today.
Key Benefits
That Make Our Plan Unique
Zero admin + premium allocation charges
Return of mortality charges + a % of annualized premium on maturity*
Free unlimited
fund switches
Option to choose from 10 flexible funds
Premium waiver benefit with life cover
Market linked return benefits
Choose from 6 investment strategies based on your needs
Tax benefits* under sections 80C and 10D
The Importance Of
Child Savings Plan
Life is unpredictable. And being a parent, it is always a goal to ensure the safety of your child's future even in your absence. The best way to achieve this goal is to buy a child savings plan for your children, which leads them to a peaceful and financially secure future. Some of the important reasons why you should choose a child savings plan are mentioned below:
Make your child independent
A child savings plan allows your child to choose his/her career without seeking financial help from outside.
Support system for education
A child's career choices change from time to time. And it can put financial pressure on parents. A child saving plan works as a support system for your child's education so that they can follow their passion.
Waiver of premium benefit
In case of untimely death, future premiums are waived, which means that the child does not have to worry about premiums in the absence of the policyholder.
Assured financial security
In case of the uncertain demise of the policyholder during the policy term, the family receives the claim amount. So that your child does not have to compromise on his future aspirations.
No burden after retirement
Proper financial planning for the child's future can help the parents to lead a stress-free life after retirement as they do not have to work post-retirement to meet the financial needs of the children.
The Importance Of
Child Savings Plan
Life is unpredictable. And being a parent, it is always a goal to ensure the safety of your child's future even in your absence. The best way to achieve this goal is to buy a child savings plan for your children, which leads them to a peaceful and financially secure future. Some of the important reasons why you should choose a child savings plan are mentioned below:
Make your child independent
A child savings plan allows your child to choose his/her career without seeking financial help from outside.
Support system for education
A child's career choices change from time to time. And it can put financial pressure on parents. A child saving plan works as a support system for your child's education so that they can follow their passion.
Waiver of premium benefit
In case of untimely death, future premiums are waived, which means that the child does not have to worry about premiums in the absence of the policyholder.
Assured financial security
In case of the uncertain demise of the policyholder during the policy term, the family receives the claim amount. So that your child does not have to compromise on his future aspirations.
No burden after retirement
Proper financial planning for the child's future can help the parents to lead a stress-free life after retirement as they do not have to work post-retirement to meet the financial needs of the children.
How Does The
Child Savings Plan Work?
Mr.Kumar
Age 40
has purchase the
IndiaFirst Life Radiance Smart Invest Plan
He invested in the Family Care Shield Option for the policy and premium payment term of 40 years.
He opted to pay an annual regular premium of INR 2,50,000 for a Sum Assured of INR 25,00,000 in the policy.
The strategy ensured that his funds were rebalanced in the proportion mentioned by him every 6 months to enhance his savings.
At the end of policy term, he will receive a fund value of and help him achieve his goals.
INR 3,34,92,608 @8%
/
INR 1,32,88,611 @4%
Even in case of his death during the policy term, the premiums will be funded by us, and the policy will till maturity and help his loved ones achieve their goals.
10 Flexible Fund Options.
Unlimited Accessible Switches.
6 Unique Investment Strategies
For Unique Financial Goals
Automatic Trigger Based
Investment Strategy
- Relatively safe fund option for steady growth
- Secures regular returns (Ref: brochure)
- Builds a balanced portfolio over the years
- Provides the benefits of market-linked investments and reduces risk
Fund Transfer
Strategy
- Allows you to enjoy the benefits of rupee cost averaging
- Helps you earn systematic returns
- Builds an organized portfolio
Age Based Investment
Strategy
- Builds a well-balanced and strong portfolio
- Protects your money
- Distributes investments based on age and evolving risk appetite
Smart Switch
Strategy
- Protects returns from market volatility
- Moves returns to safer fund options at the end of the policy term
- A smart and cautious strategy
- Keeps your hard-earned money safe from sudden market downturns
Defined Allocation
Strategy
- Defines money management from the outset
- Builds a protective portfolio
- Ensures a balanced and strong portfolio as you grow
Self-Managed
Strategy
- Allows you to enjoy the freedom to switch and re-direct
- Allows you to customise your investments as per your goals and risk appetite
- Allows you to use your market acumen to invest in our well-established suite of 10 funds
IndiaFirst Life
Radiance Smart Invest Plan
FAQs
We have answered the most common questions about IndiaFirst Life Radiance Smart Invest Plan. Learn more about how this plan can work for you!
- Power of compounding - The longer you stay invested, the higher will be your wealth accumulation. Hence, by investing early for your long-term goals, you allow your money to grow due to the power of compounding.
- Accumulation of a bigger corpus at your disposal - Compounding enables you to accumulate a higher investment corpus in the long run that will help you achieve your long-term goals.
- Insured life from the beginning - When you opt for ULIP at an early age, you confirm that your life is insured and that your family will remain financially stable even if something unfortunate happens to you. Also, when you take a life insurance at an early age, the premium amount is less, and you will get to avail more significant benefits.
- Higher potential of risk appetite for younger investors - As a young investor, you are free from any liability in terms of dependents and hence you have the potential for higher risk appetite. In other words, you can go for ULIP funds with higher exposure in equities. Historical track record shows that equities have tended to outperform most other asset classes over the long term.
- Development of disciplined savings habit - When you start investing money as a youngster, you may feel like withdrawing the money time and again to fulfil even your slightest needs. When you opt for ULIP, you develop a habit over time of investing without withdrawing money and develop a sense to control your urge and focus on investment to fulfil your financial goals. So, Inculcating the habit of saving from the very beginning of your career in a ULIP plan will help to reduce the burden of a higher monthly or yearly contribution towards your life goals in the later phase of your life.
| Parameters | Minimum | Maximum |
|---|---|---|
| Age at Entry | (91 days) 0 years for Plan Option 1 18 years for Plan Option 2 & 3 | 65 years for all Plan Options |
| Age at Maturity | 18 years | 99 years |
| Parameters | Minimum | Maximum |
|---|---|---|
| Regular pay | 10 years | 99 - Age at Entry 99 - years for Life Plan Option 81 years for Extra shield & Family care option |
| Limited pay | 10 years 15 years 20 years 25 years |
20 years 20 years 30 years 30 years |
| Single pay | 10 years | 34 years |
- Regular/Limited Premium: Yearly, Half Yearly, Quarterly, Monthly
- Single Premium: Once
- Equal to Policy Term for Regular Premium
- For Limited Premium
| PPT | Minimum Policy Term |
|---|---|
| 5 | 10 |
| 7 | 10 |
| 10 | 15 |
| 15 | 20 |
| 20 | 25 |
- Minimum:
| Annualized Premium (RP/ LP) | Single Pay |
|---|---|
| INR 48,000 | INR 2,50,000 |
- Maximum: No limit subject to board approved underwriting policy
You can choose the option of Systematic Partial Withdrawal after completion of first 5 policy years provided life assured is 18 years and above. You can choose this option either at the proposal stage or place a subsequent request after policy issuance. In either scenario, you need to choose the percentage of pay out and meet viability conditions as follows:
The systematic partial withdrawal amount should not be less than Rs.1000 and not more than 20% p.a. of the fund value at a monthly, quarterly, half-yearly or yearly frequency after completion of first 5 policy years. The fund value should not fall below 110% of one annual premium for regular/limited premium paying policies and should not fall below Rs. 100,000 for single premium at any time during the tenure of Systematic Partial Withdrawal assuming a gross investment return of 4% p.a, provided premiums are paid as and when due.
You can choose the option of Systematic Partial Withdrawal after completion of first 5 policy years.
18 years and above
Tax benefits may be available as per prevailing tax laws.