Indiafirst Life Insurance: Check Your Fund Value

IndiaFirst Life Insurance offers a range of life insurance plans to meet the unique needs and aspirations of individuals in India. The company provides various tools on its website to help customers understand and manage their policies, including a paid-up value calculator and a fund performance checker. The fund performance checker allows customers to view the current net asset value (NAV) of their investments and track the growth of their funds over time. This tool provides transparency and helps customers make informed decisions about their IndiaFirst Life Insurance policies.

Check the IndiaFirst Life website for fund performance

To check the fund performance of IndiaFirst Life Insurance, you can visit the official IndiaFirst Life website. The website provides detailed information on the company's various insurance plans, investment strategies, and fund performance. Here is an overview of the relevant information provided on the website:

Investment Outlook:

IndiaFirst Life strives to balance customers' investment portfolios and meet their expectations. They carefully select investments, regularly monitor their performance, and take corrective actions when necessary. The company adheres to institutional policies that align with IRDAI regulations and are overseen by the Investment Committee.

Investment Philosophy:

IndiaFirst Life's investment philosophy is reflected in its Market Matters report for December 2024. The report highlights Indian and global market trends, including currency weakness, rising inflation, and central bank actions. It also mentions IndiaFirst Life's approach to managing investments during these market conditions.

Investment Team:

IndiaFirst Life introduces its investment team, including Dr. Poonam Tandon, the Chief Investment Officer, Viraj M. Nadkarni, Fund Manager for Equity, and Sandeep Shirsat, Fund Manager for Fixed Income. Their qualifications, experience, and roles in the company are outlined.

Types of Funds:

The website provides an overview of the different types of funds offered by IndiaFirst Life, including Life Unit Linked Funds and Pension Linked Funds. Each fund is associated with a specific SFIN number and aims to generate income and growth prospects through investments in various instruments such as corporate debt, equity, and government securities.

Fund Performance:

The website offers a comprehensive table that showcases the performance of various funds. It includes information on fund names, inception dates, Net Asset Values (NAVs), fund sizes, fund managers, and returns over different periods. This table allows customers to compare the performance of different funds and make informed decisions about their investments.

Customer Testimonials:

The website also features testimonials from customers who have benefited from IndiaFirst Life's insurance plans. These testimonials highlight the positive experiences of individuals who have utilized the company's life insurance products, such as the Radiance Smart Invest Plan and the Elite Term Plan.

Understand the Composite Fund Factsheet

A Composite Fund Factsheet is a detailed report that provides comprehensive information about an investment fund in a ULIP plan. It offers insights into various aspects of the fund, enabling investors to make informed decisions. Here's an overview of the key elements of the Composite Fund Factsheet:

Fund Overview:

The factsheet provides a summary of the fund's investment objective, strategy, and key features. It includes information on the fund's launch date, fund managers, and the size of the fund in terms of assets under management.

Fund Performance:

This section presents the historical performance of the fund, typically including data on net asset value (NAV), returns over different periods (such as one year, three years, five years, etc.), and the fund's ranking within its peer group.

Fund Manager Commentary:

The factsheet may include comments and insights from the fund manager(s) responsible for the fund's investment decisions. This section offers a perspective on the fund's investment approach, market outlook, and any significant changes or events impacting the fund's performance.

Asset Allocation:

Here, investors can find a breakdown of how the fund's assets are allocated across different sectors, industries, geographic regions, or asset classes. This information helps investors understand the fund's diversification and potential risks.

Top Holdings:

The factsheet lists the fund's top investments, usually by disclosing the names of the companies or securities in which the fund has invested a significant portion of its assets. This provides transparency into the specific choices made by the fund managers.

Benchmark Data:

The factsheet compares the fund's performance against relevant benchmarks or indices. This comparison helps investors evaluate how the fund has performed relative to standard market indicators or similar funds.

Risk Metrics:

This section outlines the risks associated with investing in the fund. It may include standard deviation, beta, value at risk (VaR), or other metrics that quantify the potential volatility and downside risk of the fund's investments.

Additional Information:

The Composite Fund Factsheet may also include other relevant details, such as minimum investment requirements, entry and exit load details, fund ratings, and contact information for further queries.

The Composite Fund Factsheet is a valuable tool for investors to assess the suitability of a particular fund for their investment goals, risk tolerance, and time horizon. It provides a comprehensive view of the fund's characteristics, performance, and potential risks, empowering investors to make well-informed decisions about their financial choices.

VIP Policy Account Value

To check the fund value of an IndiaFirst Life Insurance policy, individuals can visit the official website and log in to their account. From there, they can access their policy information, including the VIP Policy Account Value. Alternatively, policyholders can also call the customer service helpline to check their policy status offline.

IndiaFirst Life Insurance also offers a range of online tools and calculators to help individuals manage their policies and investments, such as the Paid-Up Value Calculator, which helps calculate the value of a policy if an individual stops making premium payments. The company also provides an online premium calculator to help prospective policyholders determine the precise amount due as a premium based on various criteria and variables.

Overall, IndiaFirst Life Insurance offers a comprehensive suite of tools and resources to help individuals manage their policies and investments effectively.

Check the latest awards and recognition

IndiaFirst Life Insurance has received many accolades since its inception. Here is a list of their latest awards and recognition:

• GPTW Top 50 India's Best Workplaces in BFSI 2023: For the fifth time in a row, IndiaFirst Life was recognised as one of the top 50 Best Workplaces in BFSI (banking, financial services and insurance).
• 16th Customer Fest Leadership Awards 2023: IndiaFirst Life Insurance won the Best Customer Centric Company award and the Leader in Customer Engagement Initiative award.
• InsureNext Awards 2023: The company was recognised for the Best HR Initiatives.
• Great Place to Work-Certified: IndiaFirst Life Insurance was Great Place to Work-Certified for the 5th consecutive year.
• Outstanding Women Leadership Award: This award was received at the 8th Future Woman Leader Digital Summit.
• Silver Feather Awards: IndiaFirst Life Insurance was recognised as the Bancassurance Leader under the medium category.
• Best Use of Voice of Customer Award: This was awarded at the 15th Edition of The Customer FEST Show 2022.
• Best Cyber Security Initiative: This award was presented at the BFSI Excellence Awards 2021.
• India’s Best 100 Companies to Work For 2022: IndiaFirst Life Insurance was recognised as one of the best companies to work for in 2022.
• Best Customer Oriented Company: This award was received at the 3rd Emerging Asia Insurance Conclave & Awards 2021 by ICC.
• The Economic Time’s Best Brands – 2021: IndiaFirst Life Insurance was recognised as one of the best brands in 2021.
• India’s Best Workplaces for Women 2021: The company was recognised as one of the top 100 Best Workplaces for Women.
• India’s Best Workplaces in Insurance: In 2021, IndiaFirst Life Insurance was recognised as one of the best workplaces in insurance by the Great Place to Work® Institute.

Explore the various Life Insurance Plans

IndiaFirst Life Insurance offers a range of life insurance plans to cater to the diverse needs of individuals. Here is an overview of the various life insurance plans offered by IndiaFirst Life Insurance:

Term Insurance Plans

IndiaFirst Life Insurance provides three term insurance plans, each with different benefits and features. These plans offer financial protection to individuals and their families in the event of unfortunate incidents such as accidental death, critical illness, or disability. The plans include:

• IndiaFirst Life Guaranteed Protection Plan: This flexible plan offers seven coverage options, including protection against critical illnesses, inflation, and terminal illnesses. It also provides death benefits, return of premium options, retirement benefits, and accidental death cover.
• Online Term Plan (e-Term Plus Plan): This online term insurance policy offers financial support to individuals and their families in case of accidental total permanent disability, critical illness, or death. It provides the flexibility to choose from seven different coverage options and receive the death benefit as a lump sum or monthly income.
• IndiaFirst Life Plan: This comprehensive term insurance plan offers financial security to individuals and their loved ones, with life cover options ranging from Rs. 1 lakh to Rs. 50 crores. It helps protect assets and secure the future of the insured person's family in case of their untimely demise.

ULIP (Investment) Plans

IndiaFirst Life Insurance offers several Unit Linked Plans that combine investment and insurance benefits. These plans help individuals grow their wealth while also providing life cover. The ULIP plans include:

• IndiaFirst Money Balance Plan: A unit-linked endowment policy that provides life cover and investment benefits to safeguard the family in case of the insured person's untimely demise. It offers an automatic trigger-based investment strategy and partial withdrawal options.
• IndiaFirst Smart Save Plan: A unit-linked non-participating life endowment plan that provides life insurance cover and market-linked returns through four unique fund options: Equity1 Fund, Debt1 Fund, Balanced1 Fund, and Value Fund. It allows partial withdrawals after the lock-in period and offers flexibility in choosing policy terms.
• IndiaFirst Life Wealth Maximizer Plan: This plan offers individuals an opportunity to accumulate wealth and build a customized portfolio with multiple investment strategies. It provides unlimited free switches, loyalty benefits, profit boosters, and the flexibility to pay top-up premiums and make systematic partial withdrawals.

Micro Life Insurance Plans

IndiaFirst Life Insurance offers two micro insurance plans to cater to individuals' goal-based financial planning needs at affordable premium rates. These plans include:

• IndiaFirst Life Micro Bachat Plan: A non-linked, participating, limited-pay micro-insurance plan designed for small incremental savings. It offers life cover benefits for one full year even if the insured misses paying one premium. It provides death benefits, accidental death benefits, maturity benefits, and tax exemptions under existing tax laws.
• IndiaFirst Life Insurance Khata Plan: A micro life insurance endowment plan that provides financial protection to the insured person's family in case of their untimely demise. It also returns more than the sum assured if no untoward event occurs. The minimum sum assured is Rs. 1,000, and the maximum is Rs. 2 lakhs.

Common Service Center Plans (CSC)

IndiaFirst Life offers an easy-to-understand CSC plan that combines protection and savings benefits in one affordable plan. The plan is ideal for individuals who want to make smaller savings at a low premium rate while also growing their investments over time. It offers guaranteed additional interest rates and tax benefits under Section 80C and Section 10 (10D) of the Income Tax Laws.

Saral Plans

IndiaFirst Life's Saral plans are designed with standardized and comprehensive benefits to meet the specific financial goals of policy seekers and secure their future. The plans include:

• IndiaFirst Life Saral Jeevan Bima Plan: A non-linked, non-participating individual pure term insurance policy that offers financial security to families in case of the insured person's untimely demise. The minimum sum assured is Rs. 5 lakhs, and the maximum is Rs. 50 lakhs. It also provides protection against Covid-19 and offers tax exemptions.
• IndiaFirst Life Saral Pension Plan: A non-linked, non-participating, individual immediate annuity policy that offers flexibility in choosing annuity options to secure retirement. It helps generate a systematic flow of income during retirement and provides tax benefits on premiums paid and benefits received.

Child Plans

IndiaFirst Life offers one child-centric insurance plan to protect the future and needs of children even in the absence of their parents. The plan includes:

IndiaFirst Life Little Champ Plan: This plan provides a guaranteed payout to secure the child's future and comprehensive financial protection. It offers eight payout options with guaranteed payouts ranging from 101% to 125% of the sum assured during the policy term. It also allows for bonus accumulation, flexibility in choosing policy terms, premium payment terms, and modes.

Retirement Plans

IndiaFirst Life Insurance provides three different retirement plans to secure individuals' post-retirement life and provide a regular flow of income. These plans include:

• IndiaFirst Guaranteed Retirement Plan: This plan offers guaranteed returns for the initial years and the opportunity to build a retirement corpus through bonuses to fight inflation. It provides flexibility in choosing single, regular, or limited premium options.
• IndiaFirst Immediate Annuity Plan: This plan generates a systematic flow of income (monthly, quarterly, half-yearly, or annually) during retirement to cope with healthcare expenses and inflation. It offers four different life options, including Life Annuity, Life Annuity with Return of Purchase Price, and Joint Life Last Survivor Annuity.
• IndiaFirst Life Guaranteed Annuity Plan

Frequently asked questions