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 age3 years for 15-year term, 8 years for 10-year term; maximum 50 yearsView source
The eligibility section publishes age requirements by selected term.
- Source
- IndiaFirst Life Smart Pay Plan
- Page / section
- Eligibility criteria
- Accessed
- 20 Aug 2026
- Confidence
- high
Policy termChoose a 10-, 15-, 20- or 25-year policy term.View source
The current page states that the plan can be bought for 10, 15, 20 or 25 years.
- Source
- IndiaFirst Life Smart Pay Plan — Bank of Baroda
- Page / section
- Eligibility Criteria — policy term
- Accessed
- 7 Sept 2026
- Confidence
- high
Sum insured / coverMinimum basic sum assured is ₹1,50,000; the page states there is no limit on the maximum sum assured, subject to the policy and underwriting terms.View source
The current eligibility section publishes a minimum basic sum assured of ₹1,50,000 and no limit on maximum sum assured.
- Source
- IndiaFirst Life Smart Pay Plan — Bank of Baroda
- Page / section
- Eligibility Criteria — sum assured
- Accessed
- 7 Sept 2026
- Confidence
- high
PremiumMinimum premium: ₹18,000 yearly, ₹9,215 half-yearly, ₹4,662 quarterly or ₹1,566 monthly. No maximum premium limit is published.View source
The current page lists minimum premiums by payment frequency and says the maximum premium has no limit.
- Source
- IndiaFirst Life Smart Pay Plan — Bank of Baroda
- Page / section
- Eligibility Criteria — minimum premium
- Accessed
- 7 Sept 2026
- Confidence
- high
Benefits103% of one annualised premium before the last premium; maturity sum assured plus accrued bonus if any; one-year life-cover continuation after a missed premium once two full policy years are paidView source
The official page describes the survival benefit, maturity benefit and missed-premium condition.
- Source
- IndiaFirst Life Smart Pay Plan
- Page / section
- Benefits and features
- Accessed
- 20 Aug 2026
- Confidence
- high
Smart Pay benefitsSmart Pay offers 10-, 15-, 20- or 25-year policy terms, keeps life cover for one year after a missed premium once two full years have been paid, returns 103% of one annual premium as a survival benefit and pays sum assured at maturity plus accrued bonuses, if any.View source
The official Benefits and Features sections publish the policy terms, missed-premium continuation, survival benefit and maturity payout.
- Source
- IndiaFirst Life Smart Pay Plan
- Page / section
- Benefits / Features
- Accessed
- 23 Aug 2026
- Confidence
- high
Smart Pay eligibilityMinimum entry age is 3 years for a 15-year term and 8 years for a 10-year term; maximum entry age is 50 years. Minimum basic sum assured is ₹1,50,000. Minimum premium is ₹18,000 yearly, ₹9,215 half-yearly, ₹4,662 quarterly or ₹1,566 monthly, with no maximum stated.View source
The official Eligibility Criteria section publishes term-specific entry ages, sum assured and premium frequencies.
- Source
- IndiaFirst Life Smart Pay Plan
- Page / section
- Eligibility Criteria
- Accessed
- 23 Aug 2026
- Confidence
- high
Key exclusionsIf death is due to suicide within 12 months from commencement of risk or revival, the nominee receives the higher of 80% of total premiums paid or the surrender value, provided the policy is in force. Other benefit conditions, including premium payment and policy exclusions, are controlled by the policy wording.View source
The suicide-exclusion clause states the 12-month window and the higher-of-80%-of-premiums-or-surrender-value payment, subject to the policy being in force.
- Source
- IndiaFirst Life Smart Pay Plan policy document ( 143N051V04)
- Page / section
- Page 14, Suicide Exclusion
- Accessed
- 29 Aug 2026
- Confidence
- high
Free-look period30 days from receipt of the policy document. The policy says cancellation is available where no claim has been made and refund is processed within 7 days, subject to applicable deductions.View source
The policy provides 30 days from receipt and a seven-day refund-processing period after a valid request, subject to stated deductions.
- Source
- IndiaFirst Life Smart Pay Plan policy document ( 143N051V04)
- Page / section
- Pages 9 and 13, Free Look Period
- Accessed
- 31 Aug 2026
- Confidence
- high
Grace period15 days for monthly mode and 30 days for quarterly, half-yearly and yearly premium modes. During the grace period the policy remains in force; a benefit is paid after deducting unpaid premiums.View source
The policy sets 15 days for monthly and 30 days for other listed premium modes and says the policy remains in force during grace.
- Source
- IndiaFirst Life Smart Pay Plan policy document ( 143N051V04)
- Page / section
- Pages 9 and 12, Grace Period
- Accessed
- 31 Aug 2026
- Confidence
- high
Policy loanLoan up to 90% of acquired Surrender Value, with a minimum loan amount of ₹1,000. Interest is 9% per annum and may be revised subject to IRDAI approval.View source
The loan clause states 90% of acquired Surrender Value, ₹1,000 minimum and 9% per annum interest subject to revision and approval.
- Source
- IndiaFirst Life Smart Pay Plan policy document ( 143N051V04)
- Page / section
- Page 13, Loan
- Accessed
- 31 Aug 2026
- Confidence
- high
Revival requirementsA lapsed or reduced paid-up policy can be revived within 5 years from the first unpaid premium or before policy expiry, whichever is earlier, by written request, unpaid premiums with interest, declaration of good health and medical examination if required.View source
The revival clause specifies five years or policy expiry, whichever is earlier, and lists the written request, unpaid premiums with interest, good-health declaration and possible medical examination.
- Source
- IndiaFirst Life Smart Pay Plan policy document ( 143N051V04)
- Page / section
- Page 10, Revival; page 9, Reduced Paid-Up Policy
- Accessed
- 31 Aug 2026
- Confidence
- high
Geographic limits103% of one annualised premium before the last premium; maturity sum assured plus accrued bonus if any; one-year life-cover continuation after a missed premium once two full policy years are paidView source
The manually reviewed product record states: “103% of one annualised premium before the last premium; maturity sum assured plus accrued bonus if any; one-year life-cover continuation after a missed premium once two full policy years are paid”.
- Source
- IndiaFirst Life Smart Pay Plan — official product page
- Page / section
- Published product metadata
- Accessed
- 20 Aug 2026
- Confidence
- high
Benefits and features
- 103% of one annualised premium before the last premium
- maturity sum assured plus accrued bonus if any
- one-year life-cover continuation after a missed premium once two full policy years are paid
Eligibility
- Minimum entry age is 3 years for a 15-year term and 8 years for a 10-year term
- maximum entry age is 50 years. Minimum basic sum assured is ₹1,50,000. Minimum premium is ₹18,000 yearly, ₹9,215 half-yearly, ₹4,662 quarterly or ₹1,566 monthly, with no maximum stated.
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; nominee/ claimant 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, original policy document, policyholder , address proof where changed, cancelled cheque or passbook and Declaration form where applicable
- For revival: written request, unpaid premiums with interest, declaration of good health and medical examination if required
Related official documents
IndiaFirst Life Smart Pay Plan — official product pageofficial-product-page · current · accessed 7 Sept 2026
↗IndiaFirst Life Smart Pay Plan policy document (UIN 143N051V04)official-policy-document · current · accessed 29 Aug 2026
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