IndiaFirst Guaranteed Retirement Plan
IndiaFirst Guaranteed Retirement Plan


IndiaFirst Guaranteed Retirement Benefits

1 Loan And Benefits
1.1 Loan
6% Term Plans Life insurance plans have it !
1.2 Surrender
45% Term Plans Life insurance plans have it !
1.2.1 Surrender Value
Higher of the Guaranteed Surrender Value and Special Surrender Value
1.3 Benefits
1.3.1 Tax
All Term Plans Life insurance plans have it !
1.3.2 Tax Benefit Amount
Applicable as per the Tax Laws
1.3.3 Service Tax
Not Applicable
1.3.4 Maturity
28% Term Plans Life insurance plans have it !
1.3.5 Maturity Benefit Amount
Not Applicable
1.3.6 Death
97% Term Plans Life insurance plans have it !
1.3.7 Death Benefit Amount
Not Applicable
1.3.8 Annuity
3% Term Plans Life insurance plans have it !
1.4 Bonus
Reversionary Bonus

IndiaFirst Guaranteed Retirement Loan

IndiaFirst Guaranteed Retirement loan is an amount that is borrowed from the insurance company which has to be returned with interest within fixed time. Policy loan, surrender value, bonus, benefits are included under IndiaFirst Guaranteed Retirement Plan loan and benefits. IndiaFirst Guaranteed Retirement Plan Terms and Conditions for policy loan are specified by the company. This insurance policy does not provide loan. If any insurance policy provides loan then this amount will be some percentage of surrender value.

IndiaFirst Guaranteed Retirement Surrender

IndiaFirst Guaranteed Retirement surrender value is an amount which you receive from the insurance company in case you want to terminate your policy before maturity. Usually for a regular premium policy, you can get surrender value if you have paid IndiaFirst Guaranteed Retirement Plan Premium for three continuous years. Surrender value is also known as cash surrender value or cash value.

IndiaFirst Guaranteed Retirement Plan Bonus

IndiaFirst Guaranteed Retirement Plan bonus is an additional or extra sum given to a policyholder. When an insurance company makes profits then it shares the profits in the form of bonus with the life insured. Insurance policy bonus includes terminal bonus, reversionary bonus, interim bonus etc. Bonus, if available, can also be considered as one of the IndiaFirst Guaranteed Retirement Plan benefits. Bonus provided under this plan: Reversionary Bonus.

Reversionary bonus is the one that is based on performance of the insurance policy. You'll get terminal bonus upon termination i.e. maturity of the policy. Dates of terminal bonus are usually announced by the insurance company. If the maturity date of your policy lies within two terminal bonus dates then in its stead, you get an interim bonus.

Benefits Under IndiaFirst Guaranteed Retirement

Benefits under IndiaFirst Guaranteed Retirement include tax benefit, death benefit, maturity benefit and annuity benefit. Tax is applicable for this plan. Maturity can be availed under this policy. This insurance plan assures Death. Annuity is applicable for this plan.

  • Tax benefit amount: Applicable as per the Tax Laws
  • Maturity benefit amount: Not Applicable
  • Death benefit amount: Not Applicable

If IndiaFirst Guaranteed Retirement Plan offers tax benefit, then the premiums you pay are eligible for deduction on tax returns and so is a part of the money you get on maturity of the policy. Maturity benefit is the amount of money you get at end of the policy term. Because of death benefit, family of the policy holder receives all the returns in the event of demise of the policy holder. With annuity benefit, you have an opportunity to secure your life financially after retirement. Annuity provides a regular source of income after retirement.

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