Private insurer IndiaFirst Life Insurance launched ‘Simple Benefit Plan’ that offers dual benefits of a life cover
and assured savings.
“Simple Benefit Plan offers an
insurance cover on your life and additionally helps you earn and secure
returns on the money that you invest with us, with premiums as low as Rs
174 per month.
“This plan is customised for people
who want to save and at the same time secure their families from
uncertainties of life, but do not have large disposable incomes.”
The plan term is between 10 to 20 years and offers a
death benefit equal to the sum assured plus five times the annual
premium, guaranteed amount and additional earning from bonuses.
It
also provides tax benefits. Customers can also access their money
easily during any emergency by availing a loan of up to 90 per cent of
the surrender value.
IndiaFirst Life Insurance is a
joint venture between two public sector banks — Bank of Baroda and
Andhra Bank — along with UK’s leading risk, wealth and investment
company Legal & General.
It's an excellent article. It's a great plan released by "India First Lifestyle Insurance" provider, the plan name as ‘Simple Benefit Plan’ it gives double benefits of our life cover and assured savings. Once we purchase this plan, our cash they return safely. It's premium is very low as Rs 174 per month. This plan is best for those people who want to spend less and at the same time protected their families from concerns of life, but it's not an non reusable income. This plan provides better features such as it term between 10-20 years, it offers loss of life benefit similar to the sum confident plus five times the yearly top quality, assured amount and additional making from additional bonuses. Company Profile Report
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