• 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.

IndiaFirst Life Money Balance Plan is a unit linked, non-participating, Individual Savings life insurance policy that helps you save for the future, while limiting your exposure to market fluctuations. The policy is designed to offers market.

This policy may include the 'Life Assured', the 'Policyholder', the 'Nominee(s)' and the 'Appointee'.

Who can be a Life Assured?
Life Assured is the person, on whose life the policy depends. On the life assured's death, the benefit is paid out to the Nominee(s) / Appointee / Legal Heir and the policy terminates. Any Indian citizen can be the life assured, as long as

Minimum age at the time of applying	Minimum age at the time of maturity	Maximum age at the time of applying	Maximum age at the time of maturity
5 years as on last birthday	18 years as on last birthday	65 years as on last birthday	75 years as on last birthday

Life cover for the minor life starts at the end of two years from the date of commencement of the policy or at the first monthly policy anniversary after attainment of age 18 years whichever is earlier. In case the Life Assured is a minor, the policy will vest on the Life Assured on attainment of age 18 years. If the Life Assured is a minor then, on death of Policyholder, the Policy immediately and automatically vest in the surviving parent of the Insured.

Regular Premium	Limited Premium	Single Premium
Monthly, Half yearly, Yearly	Monthly, Half yearly, Yearly	Onetime payment only

Minimum Premium	Monthly	Half yearly	Yearly
Regular Premium	Rs. 1,000	Rs. 6,000	Rs.12,000
Limited Premium	Rs. 1,250	Rs. 7,500	Rs. 15,000
Single Premium	-	-	Rs. 45,000
Maximum Premium	No limit subject to underwriting	No limit subject to underwriting	No limit subject to underwriting

You receive the fund value at the end of the policy term.

What are the payment options at the end of the policy term?
On maturity you may choose to

• Receive the entire fund value as a lump sum payout
• Receive your maturity payout up to a period of 5 years by opting the 'Settlement Option'

During the Settlement period, applicable fund management charges and mortality charges will be applicable. The policyholder can withdraw the balance fund value at any time during the settlement period.

When does the settlement period start?
Your settlement period starts from the maturity date and is applicable up to a period of 5 years. First instalment under settlement option shall be payable on the date of maturity. However, you have to opt for the Settlement Option at least 3 months prior to the date of maturity.

Does the life cover benefit continue during the settlement period?
Yes, in case of the life assured's untimely demise during the settlement period, we will pay higher of the fund value as on the date of intimation of death or 105% of the total premiums paid to the Nominee(s) / Appointee / Legal Heir and the policy shall terminate.
However, on complete withdrawal during settlement period life cover ceases immediately.

Who bears the investment risk during the settlement period?
The investment risks will be borne by the policyholder during the settlement period.

Are you allowed to make switches/ partial withdrawals during the settlement period?
No, switches/ partial withdrawals are not allowed during the settlement period.

In the untimely event of the life assured's demise while the policy is in force or from the due date of first unpaid premium till the expiry of the grace period, the Nominee(s)/Appointee/Legal Heir, as the case may be, will receive the benefit under the policy equal to higher of fund value as on date of death or sum assured, either

As a lump sum amount; or As monthly instalments up to a period of 5 years, if the policyholder has opted for the 'Settlement Option' at inception of the policy. Nominee(s) / Appointee/ Legal Heir, as the case may be can ask to withdraw the balance fund value at any time during the settlement period. No Partial Withdrawals or switching of Funds will be allowed during this period. In case of instalment payment of death benefit, the instalment benefit amount will be calculated as dividing lump sum amount (say, S) by annuity factor ( i.e. a(n)(12)) i.e. S/a(n)(12) where n is the instalment period either 1,2,3,4, or 5 years. The prevailing SBI savings bank interest rate as on date of death will be used to calculate the annuity factor. Once the instalment payment starts, this payment remains level throughout the instalment period. The interest rate used to calculate annuity factor is subject to review at the end of every financial year and will be changed in case of change in SBI savings bank interest rate.

The amount will be paid out to the appointee, if the nominee(s) is a minor. However, at any point of time, the death benefit will not be less than 105% of the total premiums paid during the policy term.
In the untimely event of death of the minor life assured before the commencement of risk, the death benefit will be equal to the fund value.

In case of paid-up policies, on death of the life assured, a lump sum amount equal to higher of the paid-up sum assured or fund value will be payable to the Nominee(s)/ Appointee/Legal Heir, as per the payout option selected by the policyholder at the inception of the policy.

What is the impact of partial withdrawals on death benefit?
The Sum Assured / paid up sum assured will be reduced by the amount equal to the partial withdrawals, if any made during the 24 months immediately preceding the date of death of the life assured.

Yes. You may access your money in case of any emergency, by withdrawing partially. Partial withdrawal is allowed after life assured attains age 18years

Regular/ Limited premium	If you have paid your premiums for the first 5 years, you can withdraw your money partially after the fifth policy year.
Single premium	You can withdraw after completion of the fifth policy year.

You can avail riders under this plan for more comprehensive coverage

• IndiaFirst Life Accidental Death Benefit Rider (143A020V01)
• IndiaFirst Life Total and Permanent Disability Rider (143A022V01)

For More details, please refer rider sales brochure

Tax benefits may be 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 purchasing the policy.