Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Policy typeIndiaFirst life insurance product; the exact plan is identified in the product title and policy document (retirement/annuity, savings, protection or unit-linked plan as applicable).View source
Each linked official brochure, customer information sheet or policy document identifies IndiaFirst Life as the life insurer; the plan-specific benefits remain in the product facts and tables.
- Source
- IndiaFirst Life official product documents
- Page / section
- Product title, policy schedule and insurer identification
- Accessed
- 31 Aug 2026
- Confidence
- high
InsurerIndiaFirst Life Insurance Company Limited.View source
The linked official IndiaFirst Life policy documents identify IndiaFirst Life Insurance Company Limited as the insurer.
- Source
- IndiaFirst Life official product documents
- Page / section
- Insurer name on the linked policy/brochure documents
- Accessed
- 31 Aug 2026
- Confidence
- high
Entry age5 to 65 yearsView source
The page publishes a 5-65 entry range.
- Source
- IndiaFirst Life Money Balance Plan
- Page / section
- Eligibility criteria
- Accessed
- 21 Aug 2026
- Confidence
- high
Policy termRegular premium: 10 to 70 years; limited premium: 10 to 25 years; single premium: 5 to 20 yearsView source
The official page provides term ranges by premium option.
- Source
- IndiaFirst Life Money Balance Plan
- Page / section
- Eligibility criteria
- Accessed
- 21 Aug 2026
- Confidence
- high
PremiumThe reviewed Money Balance policy document does not set one universal premium amount; premium mode, amount and Sum Assured are selected in the proposal and policy schedule.View source
The policy defines annualised premium and policy-schedule selections but does not publish a universal premium amount applicable to every insured.
- Source
- IndiaFirst Life Money Balance Plan policy document ( 143L017V07)
- Page / section
- Policy schedule, premium and benefit definitions
- Accessed
- 31 Aug 2026
- Confidence
- high
Investment and coverMarket-linked fund options with automatic trigger-based investment strategy, life cover and partial withdrawals after lock-inView source
The page describes the investment strategy, life cover and post-lock-in withdrawals.
- Source
- IndiaFirst Life Money Balance Plan
- Page / section
- Overview and features
- Accessed
- 21 Aug 2026
- Confidence
- high
Fund switches2 free switches each monthView source
The benefits section states two free monthly fund switches.
- Source
- IndiaFirst Life Money Balance Plan
- Page / section
- Benefits
- Accessed
- 21 Aug 2026
- Confidence
- high
Money Balance plan typeA unit-linked, non-participating life-insurance endowment plan using an automatic trigger-based investment strategy, multiple asset-class funds, partial withdrawals after the lock-in period and two free monthly switches.View source
The official Benefits and Features sections publish the structure, investment strategy, switching and withdrawal terms.
- Source
- IndiaFirst Life Money Balance Plan
- Page / section
- Benefits / Features
- Accessed
- 23 Aug 2026
- Confidence
- high
Money Balance plan eligibilityEntry age is 5–65 years. Policy terms are 10–70 years for regular premium, 10–25 years for limited premium and 5–20 years for single premium. For a minor, life cover starts after two years or at the first monthly anniversary after majority, whichever is earlier.View source
The official Eligibility Criteria section publishes entry ages, premium-mode policy terms and the minor-cover rule.
- Source
- IndiaFirst Life Money Balance Plan
- Page / section
- Eligibility Criteria
- Accessed
- 23 Aug 2026
- Confidence
- high
Sum insured / life coverThe policy schedule records the chosen Sum Assured; on death while in force, the plan pays the highest of the Sum Assured, Fund Value or 105% of total premiums paid (less applicable recent partial withdrawals), subject to the policy terms.View source
The policy schedule provides a Sum Assured field in ; the death-benefit clause pays the highest of Sum Assured, Fund Value or 105% of total premiums paid, subject to stated withdrawal adjustments.
- Source
- IndiaFirst Life Money Balance Plan policy document ( 143L017V07)
- Page / section
- Pages 4 and 10, Base Premium/Benefit Details and Death Benefit
- Accessed
- 29 Aug 2026
- Confidence
- high
Key exclusionsFor suicide within 12 months from policy commencement or revival, the nominee receives the Fund Value at death notification and eligible post-death charges are added back (rather than the normal death benefit). Investment losses and policy charges remain subject to the ULIP terms; the complete contract governs.View source
The suicide clause specifies the 12-month window and Fund Value payment; the document also states that investment risk is borne by the policyholder and charges are deducted under the policy.
- Source
- IndiaFirst Life Money Balance Plan policy document ( 143L017V07)
- Page / section
- Page 16, Suicide Exclusion; pages 3 and 15, investment risk and charges
- Accessed
- 29 Aug 2026
- Confidence
- high
Free-look period30 days from receipt of the policy document. Cancellation is subject to no claim and the policy’s stated deductions; refund is processed within 7 days of the request.View source
The policy gives 30 days from receipt of the policy document and says a valid cancellation request is processed within 7 days, subject to stated deductions.
- Source
- IndiaFirst Life Money Balance Plan policy document ( 143L017V07)
- Page / section
- Pages 2 and 12, Free Look Period
- Accessed
- 31 Aug 2026
- Confidence
- high
Grace period30 days for yearly and half-yearly premium modes, and 15 days for monthly mode. Benefits continue during the grace period; a death claim is paid after deducting unpaid premiums.View source
The grace-period clause specifies 30 days for yearly/half-yearly payments and 15 days for monthly payments, with policy benefits continuing during that period.
- Source
- IndiaFirst Life Money Balance Plan policy document ( 143L017V07)
- Page / section
- Pages 6 and 10, Grace Period
- Accessed
- 31 Aug 2026
- Confidence
- high
Partial withdrawalAvailable only after the first 5 policy years and age 18. Minimum ₹5,000; maximum 25% of Fund Value. Fund Value must remain at least 110% of annualised premium for regular/
The policy states the five-year/age-18 condition, ₹5,000 minimum, 25% Fund Value maximum, post-withdrawal Fund Value floors and no withdrawal charge.
- Source
- IndiaFirst Life Money Balance Plan policy document ( 143L017V07)
- Page / section
- Page 13, Partial Withdrawals
- Accessed
- 31 Aug 2026
- Confidence
- high
Revival requirementsWithin 3 years from the first unpaid premium, at the insurer’s discretion: written revival request, all unpaid premiums, declaration of good health and medical examination if required. Risk cover is restored subject to policy terms.View source
The revival clauses specify a three-year period and the written request, unpaid premiums, good-health declaration and possible medical examination.
- Source
- IndiaFirst Life Money Balance Plan policy document ( 143L017V07)
- Page / section
- Pages 11–12, Revival of discontinued policy
- Accessed
- 31 Aug 2026
- Confidence
- high
Geographic limitsMarket-linked fund options with automatic trigger-based investment strategy, life cover and partial withdrawals after lock-inView source
The manually reviewed product record states: “Market-linked fund options with automatic trigger-based investment strategy, life cover and partial withdrawals after lock-in”.
- Source
- IndiaFirst Life Money Balance Plan — official product page
- Page / section
- Published product metadata
- Accessed
- 21 Aug 2026
- Confidence
- high
Benefits and features
- Market-linked fund options with automatic trigger-based investment strategy, life cover and partial withdrawals after lock-in
Eligibility
- Entry age is 5–65 years. Policy terms are 10–70 years for regular premium, 10–25 years for limited premium and 5–20 years for single premium. For a minor, life cover starts after two years or at the first monthly anniversary after majority, whichever is earlier.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Proposal Form and personal statement
- For natural-death claim: proof of age where not already admitted; signed claimant statement and claim-intimation report; -code-scannable death certificate; original policy document; nominee/
claimant or signed Form 60; nominee/ claimant photo identity and address proof; bank passbook first page and cancelled cheque showing printed name, account number and - For unnatural death: medico-legal certificate, , panchnama, inquest report, final viscera report, police investigation closure report and post-mortem report, as applicable
- Hospital discharge summary, admission notes and investigation reports where illness treatment relates to the death
- For maturity claim: signed maturity claim-intimation form and original policy document
- For revival: written request, all unpaid premiums, declaration of good health and medical examination if required
- Declaration form where applicable
Related official documents
IndiaFirst Life Money Balance Plan policy document (UIN 143L017V07)official-policy-document · current · accessed 29 Aug 2026
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