IndiaFirst Life Little Champ Plan (UIN 143N035V01)

IndiaFirst Life Little Champ Plan (UIN 143N035V01) is a non–linked, participating, endowment insurance plan. It helps you plan the financing for your child’s education through payouts at regular intervals and securing the child’s future even in case of your death or Accidental Total Permanent Disability. Here the benefits are offered keeping a track of and coinciding with your child’s milestones. By way of its unique liquidity feature of guaranteed payouts, bonus accumulation, and life insurance benefit, this product offers a perfect blend for taking care of the financial needs of your child.

Key Features:

• Financial protection of loved ones with safety of life insurance cover
• Flexibility to choose the type of coverage required – Death with Accidental Death or Accidental Total Permanent Disability (ATPD) or a combination of these benefits for different premium amounts
• In case of death of life insured or on life insured suffering from Accidental Total Permanent Disability (ATPD), if chosen; no more future premiums will be required to be paid.
• Get the advantage of choosing the Death benefit as a lump sum pay out or as regular income: In case of Death of Life Assured – Higher of Sum Assured on Death or 105% of the total premiums paid excluding  applicable taxes and underwriting extra premium, if any, as on date of death of the life assured will be paid out immediately or as monthly Income over the next 5/10/15 years + All guaranteed payouts will be paid as scheduled + policy continues to earn bonuses
• In the event of Life Assured suffering any Accidental Total Permanent Disability (ATPD) – no more future premiums will be required to be paid + All guaranteed payouts will be paid as scheduled + policy continues to earn bonuses
• Choice of policy terms / premium payment terms and payment modes to suit customer’s needs
• Choose from a range of 8 payout options offering guaranteed payouts from 101% - 125% of Sum Assured, during the policy term depending upon the needs of the policyholder
• Receive all your simple bonuses accrued along with the last instalment pay out at maturity.
• Tax* benefit may be available on the premiums paid and benefits received as per prevailing tax laws.

*Tax exemptions are as per applicable tax laws as amended from time to time.