IndiaFirst Life Insurance is empowering individuals to secure their financial future with the launch of its Guaranteed Single Premium Plan. This innovative plan offers policyholders guaranteed returns over up to 30 years, providing a stable and reliable savings option for retirement and legacy planning.
IndiaFirst Life Insurance Company is pleased to announce the launch of its innovative IndiaFirst Life Guaranteed Single Premium Plan, a non-linked, non-participating, individual, single premium savings plan designed to provide financial security and peace of mind. This plan offers policyholders the opportunity to achieve guaranteed returns over a period of up to 30 years, making it an ideal choice for those focused on long-term savings goals, particularly retirement and legacy planning.
The new plan aims to provide cumulative returns ranging from 6.3% to 6.7% over various interest rate cycles. While the plan offers flexibility with tenures ranging from 5 to 30 years, IndiaFirst Life is strategically focusing on promoting plans with tenures of 15 years and above. This approach is designed to complement, rather than directly compete with, traditional bank fixed deposits, recognizing the company's strong distribution network through banks, including Union Bank of India and Bank of Baroda.
'We are excited to introduce a product that not only offers guaranteed returns but also provides a secure avenue for individuals to plan for their retirement and create a lasting legacy,' said a company spokesperson. 'The IndiaFirst Life Guaranteed Single Premium Plan reflects our commitment to providing innovative and customer-centric financial solutions.'
By focusing on longer-term plans, IndiaFirst Life aims to provide a stable and reliable investment option that helps individuals navigate the fluctuating interest rate environment and achieve their long-term financial objectives. The launch of this single premium plan underscores IndiaFirst Life's dedication to meeting the evolving needs of its customers and solidifying its position as a trusted provider of financial security solutions. This plan promises to be a valuable addition to the portfolios of individuals seeking a safe and guaranteed way to grow their savings and plan for the future.
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