IndiaFirst Group Loan Protect Plan (UIN143N055V01)

1. IndiaFirst Group Loan Protect Plan (UIN143N055V01) is a non-linked, non-participating, group credit linked insurance plan, which will safeguard your members’ assets as well as their loved ones against any loan liability, thus ensuring that their dreams are protected and are liability free in case of an unforeseen event. On the unfortunate occurrence of a covered eventuality to your members, we will ensure to cover their outstanding loan.

Key Features:

You, the Master Policyholder

• Provide your members with an enhanced value offering; giving them security along with finances to enliven their dreams.
• This enhanced value offering will also support in an increased customer loyalty.
• Convenience of offering this plan online to your members
• Control your liability exposure, as we help to pay the outstanding loan amount in the unfortunate event of the member’s demise or total permanent disability due to an accident or on diagnosis of any covered critical illness.

Your Members

• Future proof your assets as well as your loved ones, against the loan liability.
• Ensure your family’s dreams are protected and are liability free in case of an unfortunate event.
• Cover not just yourself but even your partner who has taken up the loan along with you to ensure complete security of your loved ones.
• Choose between Level or Decreasing cover as per your requirements

• Tax* benefit may be available on the premiums paid and benefits received as per prevailing tax laws.

*Tax exemptions are as per applicable tax laws as amended from time to time.