A second income just for your LIFE dreams

Buy online & get additional guaranteed income of up to 5%^

Guaranteed Income from end of 1st Policy Month@
Life Cover that continues even if you miss 1 Premium.
Increasing Guaranteed Income
Enhanced Benefits for Females
Get Loyalty benefits on timely premium payments.
Get Annual Income on Your Special Day
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IndiaFirst Life Guarantee Of Life Dreams Plan

Pay ₹10,000 /m for 10 years

Get Income Benefit of 32 Lakh^^ + 17 Lakh^^ at Maturity

Fill in your plan details

  • 1

    Basic Details

  • 2

    Calculate Returns

  • 3

    Investing for

How the plan works explore our 3 different income options

Get Benefits Over

Choose Income Options

You Pay You Get
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 3.3 Lakh+ 3.4 Lakh+ 5.7 Lakh
₹7,500 p.m. 5 Lakh+ 5.2 Lakh+ 8.6 Lakh
₹10,000 p.m. 7.3 Lakh+ 6.9 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 4.7 Lakh+ 4.6 Lakh+ 5.7 Lakh
₹7,500 p.m. 7 Lakh+ 6.9 Lakh+ 8.6 Lakh
₹10,000 p.m. 10.3 Lakh+ 9.2 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 6 Lakh+ 5.7 Lakh+ 5.7 Lakh
₹7,500 p.m. 9 Lakh+ 8.6 Lakh+ 8.6 Lakh
₹10,000 p.m. 13.2 Lakh+ 11.5 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 4.7 Lakh+ 3.4 Lakh+ 5.7 Lakh
₹7,500 p.m. 7 Lakh+ 5.2 Lakh+ 8.6 Lakh
₹10,000 p.m. 10.2 Lakh+ 6.9 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 6.6 Lakh+ 4.6 Lakh+ 5.7 Lakh
₹7,500 p.m. 10 Lakh+ 6.9 Lakh+ 8.6 Lakh
₹10,000 p.m. 14.6 Lakh+ 9.2 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 8.7 Lakh+ 5.7 Lakh+ 5.7 Lakh
₹7,500 p.m. 13 Lakh+ 8.6 Lakh+ 8.6 Lakh
₹10,000 p.m. 19.1 Lakh+ 11.5 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 4 Lakh+ 3.4 Lakh+ 5.7 Lakh
₹7,500 p.m. 6 Lakh+ 5.2 Lakh+ 8.6 Lakh
₹10,000 p.m. 8.8 Lakh+ 6.9 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 5.6 Lakh+ 4.6 Lakh+ 5.7 Lakh
₹7,500 p.m. 8.4 Lakh+ 6.9 Lakh+ 8.6 Lakh
₹10,000 p.m. 12.3 Lakh+ 9.2 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 7.2 Lakh+ 5.7 Lakh+ 5.7 Lakh
₹7,500 p.m. 10.8 Lakh+ 8.6 Lakh+ 8.6 Lakh
₹10,000 p.m. 15.9 Lakh+ 11.5 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 5.6 Lakh+ 3.4 Lakh+ 5.7 Lakh
₹7,500 p.m. 8.5 Lakh+ 5.2 Lakh+ 8.6 Lakh
₹10,000 p.m. 12.4 Lakh+ 6.9 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 8 Lakh+ 4.6 Lakh+ 5.7 Lakh
₹7,500 p.m. 12 Lakh+ 6.9 Lakh+ 8.6 Lakh
₹10,000 p.m. 17.7 Lakh+ 9.2 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 10.5 Lakh+ 5.7 Lakh+ 5.7 Lakh
₹7,500 p.m. 15.7 Lakh+ 8.6 Lakh+ 8.6 Lakh
₹10,000 p.m. 23.1 Lakh+ 11.5 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 3.6 Lakh+ 5.2 Lakh+ 5.7 Lakh
₹7,500 p.m. 5.4 Lakh+ 7.8 Lakh+ 8.6 Lakh
₹10,000 p.m. 8 Lakh+ 10.3 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 5.9 Lakh+ 6.9 Lakh+ 5.7 Lakh
₹7,500 p.m. 8.7 Lakh+ 10.3 Lakh+ 8.6 Lakh
₹10,000 p.m. 12.8 Lakh+ 13.8 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 7.9 Lakh+ 8.6 Lakh+ 5.7 Lakh
₹7,500 p.m. 11.8 Lakh+ 12.9 Lakh+ 8.6 Lakh
₹10,000 p.m. 17.5 Lakh+ 17.2 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 6.2 Lakh+ 5.2 Lakh+ 5.7 Lakh
₹7,500 p.m. 9.3 Lakh+ 7.8 Lakh+ 8.6 Lakh
₹10,000 p.m. 13.8 Lakh+ 10.3 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 10.4 Lakh+ 6.9 Lakh+ 5.7 Lakh
₹7,500 p.m. 15.6 Lakh+ 10.3 Lakh+ 8.6 Lakh
₹10,000 p.m. 23.1 Lakh+ 13.8 Lakh+ 11.5 Lakh
You Pay Maximum
Income Benefit* Maturity Benefit** Life Cover
₹5,000 p.m. 14.6 Lakh+ 8.6 Lakh+ 5.7 Lakh
₹7,500 p.m. 21.8 Lakh+ 12.9 Lakh+ 8.6 Lakh
₹10,000 p.m. 32.5 Lakh+ 17.2 Lakh+ 11.5 Lakh
Above examples are for a 30 year old healthy male and returns are exclusive of Taxes.
*Income Benefit includes Base Income, Loyalty Income & Cashbacks, if any **Maturity Benefit will be given at the end of the policy term.

What are the Benefits of buying Guarantee Of Life Dreams Plan?

  • Choice of 3 Income Options

    Start receiving Income from as early as end of 1st policy month or defer your Income depending on your needs.
  • Guaranteed Long Term Income

    Ensure a Guaranteed source of Income for as long as 30 or 40 years, as per your choice basis Income option chosen.
  • Life Insurance Cover

    Secure your family’s future with a Life Cover throughout the policy term
  • Benefits of long-term Savings.

    Get rewarded for paying your premiums on time with our Loyalty benefits
  • Protection even if you miss one premium.

    Stay covered even if you miss a premium through Life Cover Continuance Benefit, at no additional cost.
  • Tax benefits

    Available on the premiums paid and benefits received as per prevailing tax laws
  • Download the Policy Brochure for all the details.

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your loved ones

Plan Options

Three Plan Options that can help you MEET YOUR Income GOALS

Deferred Income

Receive a regular income from the end of the 10th year of the policy with the benefit of life cover

  • Pay premiums for a fixed period - 6, 8 or 10 years.

  • Receive a regular income in yearly, half-yearly, quarterly, or monthly frequency till the end of the chosen policy term, i.e., for 30 or 40 years.

  • Loyalty income benefits grow your income further when you pay all premiums on time.

  • Get a discount if you pay the premium a month prior to the premium due date.

  • Receive the base income and Loyalty income till the end of the policy term as survival benefit, provided all premiums have been paid.

  • Get additional Loyalty Cashbacks as survival benefit, i.e., 2 installments of lumpsum benefit, both equal to 50% of annualized premium, payable at the end of the 3rd policy year and at the end of PPT.

  • Receive the Sum Assured on Maturity as maturity benefit at the end of the policy term, provided all premiums have been paid.

  • Stay covered even if you miss a premium payment with the complementary Life Cover Continuance Benefit.

  • The plan offers Waiver of Premium (WOP) Rider in which future premiums are waived off in case the policyholder/ life assured suffers from death, accidental total permanent disability, or critical illnesses.

Immediate Income

Receive a regular income from the end of the 1st year of the policy with the benefit of life cover

  • Pay premiums for a fixed period - 6, 8 or 10 years.

  • Receive a regular income in yearly, half-yearly, quarterly, or monthly frequency till the end of the chosen policy term, i.e., for 30 or 40 years.

  • Loyalty income benefits grow your income further when you pay all premiums on time.

  • Get a discount if you pay the premium a month prior to the premium due date.

  • Receive the base income and Loyalty income till the end of the policy term as survival benefit, provided all premiums have been paid.

  • Receive the sum assured as maturity benefit at the end of the policy term, provided all premiums have been paid.

  • Stay covered even if you miss a premium payment with the complementary Life Cover Continuance Benefit.

  • The plan offers Waiver of Premium (WOP) Rider in which future premiums are waived off in case the policyholder/ life assured suffers from death, accidental total permanent disability or critical illnesses.

Intermediate income option

Receive a regular income from the end of the 5th year of the policy with the benefit of life cover.

  • Pay premiums for a fixed period - 6, 8 or 10 years.

  • Receive a regular income in yearly, half-yearly, quarterly, or monthly frequency till the end of the chosen policy term, i.e., for 30 or 40 years.

  • Loyalty income benefits grow your income further when you pay all premiums on time.

  • Get a discount if you pay the premium a month prior to the premium due date.

  • Receive the base income and Loyalty income till the end of the policy term as survival benefit, provided all premiums have been paid.

  • Receive the sum assured as maturity benefit at the end of the policy term, provided all premiums have been paid.

  • Stay covered even if you miss a premium payment with the complementary Life Cover Continuance Benefit.

  • The plan offers Waiver of Premium (WOP) Rider in which future premiums are waived off in case the policyholder/ life assured suffers from death, accidental total permanent disability or critical illnesses.

AdditionalBenefits

IndiaFirst Life Guarantee of Life Dreams Life Insurance Plus Savings Plan

This life insurance plus saving plan is designed to enhance your financial security and stability, which also makes it the one of the best guaranteed income plans of 2023.

key Features
  • 1

    Save the Date Feature

    Choose to receive your annual income on a specific date special to you or your loved ones.

  • 2

    Discount on Advance Premium

    Get a discount by paying your renewal premium at least 1 month in advance.

  • 3

    Life Cover Continuance Benefit

    Stay protected with a Life Cover for 1 year even if you miss paying a premium.

  • 4

    Enhanced Benefit for Females

    Female lives are eligible to receive higher income benefit.

How to Buy online

Savings plan is one of the best income plans to invest in and can be easily purchased online completing the application form and uploading your documents by following the below steps:

Eligibility Criteria

Criteria Minimum Maximum
Premium Payment Term Immediate Income Intermediate Income Deferred Income
Age 90 Days 6 Years 50 Years 50 Years 50 Years
    8 & 10 Years 55 Years 55 Years 60 Years
Criteria Minimum Maximum
Age 30 Years 90 years
Years
6 Years/ 8 Years/ 10 Years
Years
30 Years / 40 Years
Premium Payment Frequency Minimum Premium (₹) Maximum Premium (₹)
Yearly 48,000 No limit as per Board Approved Underwriting Policy
Half Yearly 24,571
Quarterly 12,432
Monthly 4,176
Parameters Minimum Maximum
Sum assured on Maturity (₹) INR 4.8 Lakh No Limit, as per Board Approved Underwriting Policy
Note: If the policy has been taken on the life of a minor, on attaining the age of majority i.e. 18 years, the policy will vest on him/her. Thereafter, the Life Assured shall become the policyholder who will then be entitled to all the benefits and subject to all liabilities as per the terms and conditions of the policy. Life cover starts immediately for policies issued on minor life. Ages specified are as on last birthday.

What Makes IndiaFirst Life Your preferred Choice?

What Makes IndiaFirst Life Your preferred Choice?

FrequentlyAsked Questions

We have answered the most common questions about IndiaFirst Life Plan. Learn more about how this plan can work for you!

1. What is a guaranteed income plan?

A guaranteed income plan is an assured income plan that offers life insurance plus saving. This is a non-linked, non-participating, Individual Saving, limited premium paying, Life Insurance plan, it provides you with guaranteed long term income for upto to 30 or 40 years.

2. What is the maturity benefit in guaranteed income plan?

Maturity benefit is the lumpsum amount or Sum Assured on Maturity that you receive on surviving till the end of the policy term. Sum assured on Maturity is X% of sum of all Annualized Premium paid under the policy where X% is 100% for Immediate and Intermediate Income options and 150% for Deferred Income option.

3. What is the survival benefit in guaranteed income plan?

Survival benefit is the amount you receive during the course of the policy term. This guaranteed income plan offers base income, i.e., a percentage of the annualized premium you will be eligible for at the start of the income period as per your chosen option. The base income is subsequently enhanced with Loyalty income, an additional income which becomes payable if all premiums are paid on time. You will also receive 2 cashbacks under Deferred Income Option.

4. Should you invest in guaranteed income plans?

Yes. A guaranteed income plan is the one of the best investment plan to help you achieve your goals or fulfil other responsibilities. It is a limited pay plan that offers guaranteed long term income. It offers you an assured income with life cover to make your family financially secure for 30 to 40 years.

5. What is monthly payout mode in Death Benefit?

The monthly payout mode in death benefit is to provide financial security to the nominee, post the policyholder’s demise. The death benefit or sum assured is paid out as monthly instalments to the nominee instead of as a lumpsum amount.

6. What is a guaranteed monthly income plan?

A guaranteed income plan is a regular income plan that invests in low risk, debt instruments to give you an assured, fixed guaranteed income.

7. How monthly income plan works?

In an income plan, the policyholder pays the premium for the premium paying term, in lieu of which they receive a regular, fixed amount in the chosen frequency, all through the policy tenure.

8. How safe are monthly income plans?

Guaranteed income plans invest in low-risk funds. This makes them a safe income plan.

9. How to calculate the guaranteed returns on my total investment?

Here's how simply you can calculate it.

Total income + Total Maturity + Loyalty Cashback (for deferred income option only) ÷ Total premiums paid.

10. Is there any monthly income insurance plan?

There are many income insurance plans that offer Monthly Income. Guarantee Of Life Dreams Plan by IndiaFirst Life is one of the best guaranteed income plans currently available.

11. Should you invest in monthly income plans?

Guaranteed income plans are safe as they are low-risk and hold investments in stocks that pay regular dividends. So, you can be assured that your capital is safe, while planning for long term goals.

12. What does Guaranteed income mean in life insurance plan?

A Guaranteed income plan in life insurance gives you the benefit of life insurance plus saving. You pay your Premiums during the premium payment term, in return, the plan pays you back in monthly instalments throughout the policy tenure, rather than as a lumpsum at the end of the policy term. This assures you of a fixed income & adequate life cover for a good many years.

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For more details on risk factors, associated terms and conditions and exclusions please read the product brochure before concluding a sale.

Disclaimer: Trade logo displayed above belongs to M/s Bank of Baroda, and used by IndiaFirst Life Insurance Co. Ltd. under license.

^^Illustration for a healthy 25 year old male life, Policy term of 40 years, Deferred Income Option, exclusive of applicable taxes. Income benefit include Base Income, Loyalty Income and Cashbacks, in any.

Get additional Base Income of 2% for 6 pay, 3% for 8 pay and 5% for 10 pay policies sourced through Direct Marketing and Online channels.
@end of 1st policy month, if immediate income option is selected with monthly income payout frequency.

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