Page 45 - Insurance Times October 2023

on first-year rider premiums and 0.5% additional units in the legacy planning. Given this pull, we intend to market this
ULIP fund. Consumers purchasing the plan before they turn product extensively through our Bancassurance partners,
30 get an extra 2% discount on their premiums. A unique Bank of Baroda and Union Bank of India, and support their
2% 'Pride' discount is also available to transgender efforts with a 360-degree marketing campaign including
consumers for the first year. print, outdoor, and digital media."

IndiaFirst Life launches Single Premium Key things to know
1) IndiaFirst Life Guaranteed Single Premium Plan (GSPP)
Plan
is a non-linked, non-participating, individual, single
IndiaFirst Life Insurance Company Limited has introduced a premium savings plan, which offers guaranteed returns
novel offering -- IndiaFirst Life Guaranteed Single Premium to the customer over a long policy term.
Plan. This unique plan is designed to provide individuals with
2) With a one-time premium payment prior to policy
a seamless blend of financial protection and savings.
inception, customers can avail of dual benefits of
financial protection and savings from a single policy.
Commenting on the launch, Rushabh Gandhi, Deputy CEO,
IndiaFirst Life Insurance, said "Our view is that the interest 3) Customers have the flexibility to select their desired life
rates will remain stable in the near future and start softening cover option from a range of choices, including a life
over the medium to long term. In such a scenario, it is cover of 1.25 times or 10x against the single premium.
beneficial for customers to take advantage of the prevailing 4) This unique customization empowers individuals to align
high-interest rates and lock in guaranteed returns for the their coverage with their long-term financial goals.
long term. The IndiaFirst Life Guaranteed Single Premium 5) It caters to their long-term security needs while helping
Plan guarantees up to 7x returns for a 30-year policy term them with legacy and wealth planning for future
making it an ideal product for both retirement planning and generations.

Enroll Today!!

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Attention Subscribers

We have revised our Subscription tariff wef 4.2.2023.

Scheme name Period Ordinary post Amazon By Registered Online
Discount Voucher post* Subscription
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IT- 3 3 Years 3600 750 5040 2520
IT- 5 5 Years 6000 1400 8400 4050
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42 October 2023 The Insurance Times