Return of Mortality

Charges plus a % of
Annualized Premium
on Maturity
How will This Brochure Help You? come across some terms you're unfamiliar
TThis brochure gives you details of how your with. Where possible, we've explained these.
Policy works throughout its lifetime. It's an We have used plain language that is easy to
important document to refer to. understand and believe this brochure is a good
place to start when planning your future under
To Help Your Understanding this insurance contract.
We've done our best to explain everything as
simply as possible; however you're likely to

1
Introduction • Automatic Trigger Based Investment
Creation of a better tomorrow, both in terms on Strategy: Build a safety net around your hard-
enhanced safety for the family and savings remains earned money by choosing to transfer your
the key goal in today’s world. positive returns in to relatively safer fund
options for steady growth
Introducing, our IndiaFirst Life Radiance Smart
Invest Plan that provides life insurance cover as well • Fund Transfer Strategy: Park your premiums in
as helps grow and accumulate wealth for you and the equity and debt market in a systematic
your loved ones. This all-encompassing life manner and make sure you build an organized
insurance policy comes with abundance of options portfolio
for you – whether it is in terms of inbuilt plan options • Age Based Investment Strategy: Create a
which provides you with multiple life insurance portfolio that not only protects your money but
coverages to choose from, prudent savings also ensures a well-balanced and stronger
strategies or a multitude of fund options for you to portfolio as you grow older
put your money in. With this policy, you get the
opportunity to grow a systematic and exclusive • Smart Switch Option: Ensure your returns are
portfolio while you create a legacy for your loved safeguarded from the market volatility as we
ones along with a safety net of life insurance cover. move them systematically to safer fund
Most importantly it provides complete financial options towards the end of the policy term.
security for your family by providing you with a life • Defined Allocation Strategy: Define how you
insurance cover. want your money managed in the beginning
With our IndiaFirst Life Radiance Smart Invest Plan, and Create a portfolio that not only protects
you can create a lasting legacy and a safety net for your money but also ensures a well-balanced
your loved ones! and stronger portfolio as you grow older
Executive Summary • Self-Managed Strategy: Use your market
prudence with our well established suite of
Key Features 10 segregated funds, while you also enjoy the
¡ Provide a safety net for you and your loved ones freedom to switch and re-direct based on your
through the life insurance cover needs
¡ Death Benefit in your policy ensures that the ¡ Enhance your savings with zero policy admin and
dreams of your loved ones are not compromised premium allocation charges as well as with Return
even in your absence of Mortality charges at maturity
¡ Choose from three different plan options based on ¡ Avail unlimited free switches or re-direct your
your life insurance coverage need – Life Option, premium to get the maximum benefit out of your
Extra Shield Option, Family Care Option money
¡ Provide a safety net of life insurance cover against ¡ Ask an expert today; utilize this unique facility
Death through Life Option. which allows you to ask us your queries and get
¡ Provide cushion of additional insurance cover
responses from our market experts
against Death and Accidental Death through Extra ¡ Tax benefits may be available as per prevailing tax
Shield Option laws.
¡ Maintain continuity of your policy benefits through 1. What is the IndiaFirst Life Radiance
waiver of premiums in Family Care Option
Smart Invest Plan?
¡ Tailor the policy to suit your insurance needs through Our IndiaFirst Life Radiance Smart Invest Plan is a
flexible term and premium paying options linked, non-participating, individual, endowment/
¡ Grow your money while you participate in market savings, life insurance policy, specially designed for
linked fund options high net worth individuals like you, who want to
provide overall protection through insurance cover,
¡ Get the flexibility to choose from ten different fund
maximize returns on their savings and create
options as per your requirement
additional wealth for a comfortable life ahead.
¡ Choose any one of the below savings strategies in
your policy to accomplish your financial goals

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2. What are the basic eligibility criteria in this policy (product at a glance)?
Criteria Parameters
Minimum Maximum
(91 days) 0 years For Plan Option 1
Age at Entry 65 years For all Plan Options
18 years For Plan Option 2&3
Age at Maturity 18 years 99 years
Policy Term Regular Pay 10 years 99 – Age at Entry
99 years For Life Plan Option
81 years For Extra Shield & Family Care Option
5/7/10 years 20 years
15 years 20 years
Limited Pay 20 years 30 years
25 years 30 years
Single Pay 10 years 34 years
Premium Payment Term Equal to Policy Term for Regular Premium
For Limited Premium
PPT Minimum Policy Term
5 10
7 10
10 15
15 20
20 25
One Pay for Single Term
Annualized Premium INR 48,000
(RP/ LP) No limit subject to board approved underwriting policy
Single Pay INR 2,50,000
Basic Sum Assured 7 X Annualized Premium 10 X Annualized Premium
(RP/LP)
Single Pay 1.25 X Single Premium 1.25 X Single Premium
Premium Payment Regular/ Limited Premium – Yearly, Half Yearly, Quarterly, Monthly
Modes Single Premium – Once
Plan Options 1. Life Option
2. Extra Shield Option
3. Family Care Option
Note:
1. Ages will be considered are as ages on last birthday
2. Life cover starts immediately for policy issued under minor life, provided age of the minor life is greater than
or equal to 91 days. If policy issued under minor life has age less than 91 days, then life cover will start once the
life assured reaches age of 91 days.
3. Where the Policy has been issued on the life of a minor, the Life Assured (i.e. the minor in this case) and the
Policyholder (i.e. surviving parent or legal guardian) will be different at the date of commencement of the Policy.
4. The Policy shall automatically vest on the Life Assured immediately on his / her date of completion of 18 years of
age and the Life Assured would be the holder of the Policy from such date, subject to assignment, if any.
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3. What are the various options in this policy?
This policy provides you with three different policy options which you can choose as per your need.

Plan Option Benefit

This option provides you, life cover during the entire policy term.
Fund value will be payable on maturity of the policy.
Life Option In case of death of the Life Assured, higher of the following is payable:
i. Sum Assured less partial withdrawals made during two years immediately preceding
the death of the life assured, as on the date of receiving intimation of death or
ii. Fund Value, as on the date of receipt of intimation of death of the Life Assured by us,
iii. and the policy will terminate.
This option provides you, life cover during the entire policy term.
Fund value will be payable on maturity of the policy.
In case of death of the Life Assured due to accident, an additional amount equal to
sum assured subject to a maximum of INR 1,00,00,000 will be payable provided the
Extra Shield Option accidental death benefit is not removed in the policy before death, apart from the
death benefit as mentioned above in Life Option. The Sum Assured for Accidental
Death Benefit is constant throughout the policy term.
The overall limit of INR 1,00,00,000 of Sum Assured per life for Accidental Death
Benefit applies to all policies issued underlying all the products with IndiaFirst Life.

This option provides you, life cover for the entire policy term.
Fund value will be payable on maturity of the policy.
In case of death of the Life Assured, higher of the following is payable:
Sum Assured; or
Family Care Option 105% of the total premiums paid as on the date of receipt of intimation of death of
the Life Assured by us.
Additionally, the remaining future premiums as and when due are funded by the
Company, as per the funds chosen by the policyholder and the policy continues till
the maturity date. The maturity benefit will be payable at the end of the policy term
irrespective of survival of the life assured.
Note:
Under all the plan options, at no time the death benefit during the policy term shall be less than 105% of the total
premiums received less partial withdrawals, if any made during two years immediately preceding the death of
the life assured.
Under all the plan options the amount equal to total of mortality charges deducted throughout the policy term will
be payable at the end of the policy term, provided all due premiums have been paid by the policyholder. This is not
applicable in case of a surrendered, discontinued or reduced paid-up policies. This amount shall exclude extra
mortality premiums/charges, if any, accidental death benefit charges, if any and taxes levied on the charges
deducted as per prevailing tax laws. If the policyholder has done any partial withdrawals during the term of the
policy, this amount shall be reduced by a factor X% subject to a maximum of 100% where X is defined as sum total
of partial withdrawals expressed as % of fund value prevailing at the time of respective partial withdrawals.
Under the Family Care Option: In case of death of the life assured in a reduced paid-up policy, where the
policyholder has stopped paying the premiums, higher of reduced paid-up sum assured or fund value will be
payable and the policy will terminate.
The mortality charges, if any for reduced paid-up policy before death will be calculated based on paid-up sum
assured. All the charges other than FMC recovered subsequent to the date of death shall be added back to the
fund value as available on the date of intimation of death.
For example, if the policyholder withdraws 5% of the fund value as partial withdrawal in 5th policy year and 10%
of the fund value as partial withdrawal in 8th policy year then the amount will be reduced by 15%.
If the settlement option has been opted by the policyholder at maturity, the mortality charges, if any deducted
during the settlement period will not be payable at the end of the settlement period.
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4. How is the sum assured calculated?
The calculation of the sum assured depends on the type of the policy you hold as per the table below–
Policy Type Minimum Sum Assured Maximum Sum Assured
Regular and Limited Premium 7 X Annualized Premium 10 X Annualized Premium
Single Premium 1.25 X Single Premium 1.25 X Single Premium

5. What are the different Investment Strategies in your policy?

IndiaFirst Life Radiance Smart Invest Plan boasts of multiple options of investment strategies. You can choose
and opt for any one of the below strategies to ensure that you are getting the optimum returns out of your
premiums.
A. Automatic Trigger Based Investment Strategy (ATBIS)
Before the Policy Commencement Date or at any policy anniversary, you may opt for ATBIS if you want to enjoy
the upside of market linked savings while minimizing the downsides. This investment strategy will secure your
returns regularly and provide you with a balanced portfolio over the years.
In case you opt for ATBIS we will put your funds in chosen Equity Option. You can select any one Equity Fund
from the available Equity Fund Options (Equity 1 fund , Value Fund, Index Tracker Fund, Equity Elite Opportunities
Fund, Flexi Cap Equity Fund & Sustainable Equity Fund) and automatically transfer the earnings on your funds in
chosen equity Fund to Debt1 Fund based on a predefined trigger rate of 10%.
In respect of funds in chosen Equity Fund, at the end of each day we will check each customer account to see if
the return on the net amount of money put in the Equity Fund (after allowing for Premium Allocation Charge,
Policy Administration Charge, Mortality Charge, switch in and switch out) has crossed a target rate of 10%. In
case the return is 10% or higher, the amount equal to the appreciation will be transferred to the Debt 1 Fund. i.e. if
the value of units in the Equity Fund is more than 10% of the net amount put in Equity Fund, the amount equal to
the appreciation will be shifted to the Debt1Fund. For example: You opt for ATBIS (and opt for Equity 1 Fund) and
pay a total premium of Rs. 2,50,000. Let us assume that the fund value increases after some time to Rs. 2,59,175
which are higher than 110% of the net amount in the Equity 1 fund. In such case, Rs.25,858 (2,59,175-2,33,317)
shall be transferred to Debt 1 Fund via an automatic trigger-based transfer.

Transaction Details INR

Total Premium Paid under Equity 1 fund 2,50,000

Assumed Total Allocation Charge deducted from the Equity 1 fund 0

Assumed Total Mortality Charge deducted from the Equity 1 fund 16,683

Assumed Total Policy Administration Charge deducted from the Equity 1 fund 0

Net amount lying in the Equity 1 fund 2,33,317

You also have the option to cancel the Automatic Trigger Based Investment Strategy for future transactions by
submitting a written request to us anytime during the Policy Term.
B. Fund Transfer Strategy
Timing the market is almost impossible and never profitable. Instead, enter the market systematically and enjoy
the benefits of rupee cost averaging. Before the Policy Commencement Date or at any policy anniversary, you
may choose the Fund Transfer Strategy to earn enhanced systematic returns from the equity market over a
period of time.

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You can select your fund options in this strategy, where your premium after deduction of applicable charges will
be allocated to chosen debt-oriented fund, along with existing units in that fund, if any. The units in the chosen
debt-oriented fund are then transferred systematically on a monthly basis to the chosen equity oriented fund in
the following way:
You have to choose two fund options, one from a debt type fund i.e. either Debt 1 or Balanced 1 and another one
from equity type fund i.e. any one of Equity1/Value/Index Tracker/Equity Elite Opportunities Fund, Flexi Cap
Equity Fund & Sustainable Equity Fund. This strategy is applicable to the Annual mode under regular/limited and
single premium payment only. Premium after deduction of applicable charges will be allocated to chosen debt
type fund along with any existing units in that fund, if any. The units in the chosen debt type fund is then
transferred systematically on a monthly basis to the chosen equity type fund in the following way:
Policy Month 1 – 1/12 of the units available at the beginning of the policy month 1
Policy Month 2 – 1/11 of the units available at the beginning of the policy month 2
Policy Month 3 – 1/10 of the units available at the beginning of the policy month 3
……………………………………………………………………................................…………………………
……………………………………………………………………................................…………………………
Policy Month 11 – 1/2 of the units available at the beginning of the policy month 11
Policy Month 12 – Balance units available at the beginning of the policy month 12
All the future premiums will also follow the same pattern as long as Fund Transfer Strategy is active.
You have the option to cancel the Fund Transfer Strategy for future transactions by submitting a written request
to us anytime during the Policy Term
In case of revival when the annual premium is not paid in the commencement month of the policy year, then this
strategy will be applicable as follows:
e.g. If the policy is revived in the 9th month from due date of first unpaid premium; then strategy will be
applicable from policy month 9 onwards i.e. with 1/4 of the units available at the beginning of the policy month 9,
1/3 of the units available at the beginning of the policy month 10, 1/2 of the units available at the beginning of the
policy month 11 and balance units available at the beginning of policy month 12
C. Age Based Investment Strategy
Before the Policy Commencement Date or at any policy anniversary, you should opt for this strategy if you want
‘your money’ to act ‘your age’. In simple words, this strategy helps adjust the risk appetite to your age and hence
maintains a well-balanced portfolio over the duration of your savings.
In case you opt for this strategy, your premium after deduction of applicable charges will be distributed between
Equity1 Fund, Debt1 Fund and Value Fund based on your age. As you grow older and move from one band to
another, your funds are redistributed. This strategy will balance your portfolio and adjust the risk exposure as
you grow older. The age wise fund distribution is shown in the below table.
Age (Years) Equity 1 Debt1 Value
5 – 25 40% 30% 30%
26 – 35 35% 40% 25%
36 – 45 30% 50% 20%
46 – 55 25% 60% 15%
56 – 65 20% 70% 10%
66 – 70 15% 80% 5%
71 – 90 5% 90% 5%
On every calendar month units shall be rebalanced as necessary to achieve the proportions as mentioned in the
above table
You have the option to cancel the Age Based Investment Strategy for future transactions by submitting a written
request to us anytime during the Policy Term

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D. Smart Switch Strategy: It is always smart to optimize your returns. While your money works towards
enhancing your returns by staying invested in the market instruments, it is always advisable to safeguard these
returns by moving them in to relatively safer fund options.
Before the Policy Commencement Date or at any policy anniversary, you should opt for this strategy if you want
to safeguard your hard-earned money from market volatility. This investment strategy is designed to
systematically move your savings into low risk fund options near maturity to safeguard your returns. In this
strategy you may choose to save in any or all of the 10 available fund options. When you choose this strategy, we
move your funds systematically to Liquid 1 Fund in the last 5 policy years to ensure your hard-earned money is
secure from any sudden market dips. The movement to the Liquid 1 Fund will happen in the manner specified as
per below table –
Start of Policy Year Fund allocation in Chosen Funds Liquid1 Fund Allocation
T–4 80% 20%
T–3 70% 30%
T–2 40% 60%
T–1 10% 90%
T 0% 100%
E. Defined Allocation Strategy: You know your money the best! This is why you should define how you want
your money managed. With this strategy, you define the allocation at the policy inception, and we revisit the
respective funds every 6 months to re-align it with your pre-defined allocation.
Before the Policy Commencement Date, you should opt for this strategy. You can choose any 4 fund options
from the 10 fund options available. You would also specify the allocation for each of these selected funds. We will
re-distribute your funds on a half yearly basis to ensure that your funds remain in the same allocation as
specified by you, at the beginning of the policy.
Example:
Fund Name % chosen by the % of total fund % of total fund
policyholder after 6 months after re-distribution
[A] [B] [C]
Flexi Cap 15% 10% 15%
Equity Elite Opportunities Fund 20% 20% 20%
Debt1 25% 20% 25%
Index Tracker 40% 50% 40%
Total 100% 100% 100%
In the above example, the proportion of fund got changed due to the market movement after six months of
choosing this strategy (column [B]). To ensure that the funds remain in the same allocation as chosen by the
policyholder (Column [A]), the funds have been redistributed (column [C]). This redistribution will happen
every 6 months to ensure the funds maintain the same proportion as defined by policyholder at the inception.
F. Self-Managed Strategy: We have a variety of fund options provided in the product. By choosing this strategy
option you get access to our well-established suite of 10 segregated funds, complete control in how to utilize
your premiums and full freedom to switch from one fund to another. You can choose to put your premiums in
one, multiple or all of these options based on your risk appetite and needs. This option lets you utilize your
market acumen and make the most of your money through market linked savings.
Please note: Only one strategy can be effective at any given point in time. In case, you do not opt for any of the
Investment Strategies in the policy, you can always optimize your premiums by choosing to park it in various
fund options via the Self-Managed Strategy. It is mandatory for you to either choose one of the investment
strategies or fund options in this policy.
If at any time you wish to switch your funds or re-direct your premiums while your funds are being managed
under an investment strategy, you will first have to exit from the investment strategy and then switch or re-direct
your premiums.
The Liquid1 Fund is only available for Smart Switch Strategy and Settlement Option.
7
6. What do you get at the end of the during the settlement period.
policy term (maturity benefit)? You may choose to receive this payment in equal
units at regular intervals (i.e. monthly/quarterly/
You, the policyholder will receive –
half-yearly/yearly as chosen by the policyholder)
• Fund Value, at the end of the policy term, plus, over a period of time specified by you. This period is
• Total mortality charges deducted throughout the called the Settlement Period. During this period, only
policy term [A], plus, the fund management and mortality charges will be
• An amount equal to Y% of Annualized Premium [B] applicable. You can ask for the balance fund value at
where Y% vary by premium paying term and policy any time during the settlement period.
term and the same are provided in ‘Annexure C’ You may place your funds in the Liquid1 Fund or any
o If the policyholder has done any partial other fund allowed under
withdrawals during the term of the policy, the this product at the time of exercising the settlement
said amount shall be reduced by a factor X% option.
subject to a maximum of 100% where X is When does the settlement period start?
defined as sum total of partial withdrawals Your settlement period starts from the maturity date
expressed as % of fund value prevailing at the and is applicable up to a period of 5 years, as chosen
time of respective partial withdrawals. For by you. However, you have to opt for the Settlement
example, if the policyholder withdraws 5% of Option at least 3 months prior to the date of maturity.
the fund value as partial withdrawal in 5th
Does the life cover benefit continue during the
policy year and 10% of the fund value as partial
settlement period?
withdrawal in 8th policy year then the amount
will be reduced by ([A] + [B] as above)15%. Yes, in case of the Life Assured’s demise during
settlement period, we will pay the higher of fund value
In case of maturity of a reduced paid-up policy
as on the date of intimation of death or 105% of total
• Fund value as on the date of maturity, plus premiums paid, to the Nominee / Appointee / Legal
• Total mortality charges deducted throughout the Heir and the policy shall terminate immediately.
policy term [A], plus On complete withdrawal during settlement period
• An amount equal to Y% of Annualized Premium life cover ceases immediately.
[B] * (Total numbers of premiums paid)/(Total Who bears the investment risk during the
Number of premiums payable over the policy term) settlement period?
where Y% vary by premium paying term and The investment risk & inherent risk will be borne by
policy term and the same are provided in the policyholder during the settlement period.
‘Annexure C’.
Are you allowed to make switches and partial
If the policyholder has done any partial withdrawals during the settlement period?
withdrawals during the term of the policy, the said
No, Switches and partial withdrawals are not allowed.
amount shall be reduced by a factor X% subject to
maximum of 100%. 7. What happens in case of the Life
Where X is defined as sum total of partial Assured’s demise (death benefit)?
withdrawals expressed as % of fund value prevailing
at the time of respective partial withdrawals. In the untimely event of the life assured’s demise while
the policy is in force or from the due date of first unpaid
What are the payout options at the end of the policy premium till the expiry of the grace period, the
term? Nominee(s)/Appointee/Legal Heir, as the case may be,
On maturity you may choose to will receive the death benefit under the policy equal to
• Receive the entire fund value as a lump sum higher of fund value as on date of death or sum assured
payment, or (as specified in Section 3). For Life Option & Extra Shield
• Receive your maturity payout in monthly Option the death benefit as specified in Section 3 and for
instalments up to a period of 5 years as per your Family Care Option, the lump sum amount payable at the
choice by opting for the ‘Settlement Option’. time of death as specified in Section 3 will be paid either
During the Settlement period, applicable fund • As a lump sum payout; or
management charges & mortality charges will be • As monthly instalments over a period of 5 years, as
applicable. The policyholder can ask to withdraw opted by the policyholder/nominee at any time
the balance/complete fund value at any time during policy period / on death of Life Assured. In

8
 case of instalment payment of death benefit, the by the amount of partial/systematic partial
instalment benefit amount will be calculated as withdrawals made during the 2 years immediately
dividing lump sum amount (say, S) by annuity factor preceding the date of death of the life assured as on the
( i.e. a(n)(12))i.e. S/a(n)(12) where n is the date of receiving intimation of death or the Fund Value.
instalment period of 5 years. The SBI savings bank A lump sum amount equal to higher of the paid-up sum
interest rate as on the beginning of financial year will assured or fund value (as on date of receiving intimation
be used to calculate the annuity factor. The current of death) will be payable to the Nominee(s)/ Appointee/
prevailing SBI savings bank interest rate for FY 21-22 Legal Heir, while the policy is in reduced paid-up status.
is 2.70% p.a. Once the instalment payment starts, Family Care Option: In case of death of the life assured
this payment remains level throughout the in a reduced paid-up policy, where the policyholder has
instalment period. The interest rate used to stopped paying the premiums, higher of reduced paid-
calculate annuity factor is subject to review on every up sum assured or fund value will be payable and the
financial year and will be changed in case of change policy will terminate.
in SBI savings bank interest rate.
The mortality charges, if any for reduced paid-up policy
The above is applicable for all plan options. before death will be calculated based on paid-up sum
If this option is opted for, the Nominee(s) / Appointee/ assured. All the charges other than FMC recovered
Legal Heir(s), as the case may be can ask to withdraw subsequent to the date of death shall be added back to the
the balance death benefit at any time during the fund value as available on the date of intimation of death.
settlement period. No Partial Withdrawals of Funds will
be allowed during this period. 8. What are the flexibility options in the
The amount will be paid out to the appointee if the policy?
nominee is a minor. However, at any point of time, the You have multiple options in the policy to ensure that it is
death benefit will not be less than 105% of the total exclusively built around your needs. Apart from different
policy terms, premium payment terms, fund options and
premiums paid during the policy term. investment strategies to choose from, you can also use
In case the event which has caused death due to an options like Switching, Partial Withdrawals, Systematic
Accident has occurred during the Policy Term and Partial Withdrawals, to ensure that your financial
Accidental death occurs after the Policy Term is over but planning is in sync with your financial goals.
within 180 days from the date of Accident, the A. What is Switching?
Accidental Death Benefit shall be payable, i.e. even if the You can move from one fund to another by switching
accident occurs on the last day of the policy term also, your funds any number of times during the policy
the cover will be provided for 180 days irrespective of term. Currently these switches are free of any
charge. Policyholder is allowed to switch funds
the termination of the risk cover. during minority of a life assured.
In case of reduced paid-up policies, on death of the life Are there any limits for switching?
assured, an amount equal to the higher of the reduced Under switching you may transfer some or all your
paid-up sum assured or fund value as on the date of units from one unit linked fund to another.
receiving intimation of death will be payable to the
Nominee/ Appointee/ Legal Heir, as per the payout Minimum switching amount INR 5,000
option selected by the policyholder at the inception of Maximum switching amount Fund Value
the policy and the policy will terminate.
Paid-up Sum Assured is defined as Sum Assured * What are the charges for switching between funds?
(Total numbers of premiums paid)/(Total Number of You are allowed to make unlimited number of
premiums payable over the policy term) switches in a calendar month. These switches are
What is the impact of partial withdrawals/systematic currently free of charge. However, we reserve the right
partial withdrawal on death benefit? to introduce charges, subject to prior approval from
IRDAI. This shall not exceed Rs.500 per transaction.
In case of life assured’s untimely demise, the Nominee(s)/
Appointee/ Legal Heir will receive the death benefit, where B. What are partial withdrawals? Are they allowed?
the sum assured will be reduced by an amount equal to the In case of any financial emergencies you can choose
partial/systematic partial withdrawals made from fund to withdraw from your accumulated funds by means
value, during the 2 years immediately preceding the date of of Partial Withdrawal.
death of the life assured. Your policy gives you the flexibility to access your money
What is the death benefit if the policy acquires a in case of any emergency, by withdrawing partially only
reduced paid-up status? after the completion of your fifth policy year.
The Sum Assured/ paid up sum assured will be reduced Partial withdrawal is allowed only after the life
9
assured attains age 18 years. tenure of Systematic Partial Withdrawal
Regular Premium/ If you have paid all due assuming a gross investment return of 4% p.a,
Limited Premium premiums for the first provided premiums are paid as and when due.
5 years, you can withdraw What happens if the above mentioned criteria are
your money partially after not met?
the fifth policy year. At Issuance,
Single Premium You can withdraw after • If the viability condition is not met at the time of
completion of the fifth issuance, you will be advised to alter the terms
policy year. and conditions such as tenure and percentage
of Systematic Partial Withdrawal or premium
Are there any limits on partial withdrawals? amount or frequency, policy, term or premium
Minimum INR 10,000 paying term of the policy such that it supports
withdrawal amount the condition that fund value is not less than
110% of annual premium for regular/limited
Regular Premium/ Maximum withdrawal premium paying policies and is not less than Rs.
Limited Premium amount up to 20% of the fund 100,000 for single premium at any time during
value at a time of partial the tenure of Systematic Partial Withdrawal if
withdrawal, only if your fund fund grows @ 4%, provided premiums are paid
is left with a minimum as and when due. The system will check the
balance equal to 5 times of your viability as mentioned above and will proceed
annualized premium after the only once these conditions are met.
withdrawal • If Systematic Partial Withdrawal is accepted at
Single Premium Maximum withdrawal amount proposal stage there cannot be partial
up to 20% of the fund value withdrawal as long as the request for
at a time of partial withdrawal, Systematic Partial Withdrawal is valid.
where your fund value should Post Issuance,
not be less than 125% of the • If the above viability condition is met, then the
premium request for Systematic Partial Withdrawal is
Example: You can withdraw up to INR 16,000 if you processed and communication will be sent to
pay an annual premium of INR 15,000 and have you for the acceptance of your request.
accumulated a fund value of INR 80,000 over a few • If the above viability condition is not met, then
years (20% of the fund value). you will be advised to alter the combination of
Partial withdrawal is not allowed as long as tenure and/or percentage of Systematic Partial
Systematic Partial Withdrawal is in effect. The Withdrawal. The system will check the viability
partial withdrawals which may result in termination as mentioned above and will proceed only once
of a contract shall not be allowed. these conditions are met.
C. What is Systematic Partial Withdrawal Option? • Once the Systematic Partial Withdrawal is
You can choose the option of Systematic Partial accepted, there cannot be any partial
Withdrawal after completion of first 5 policy years withdrawal as long as the Systematic Partial
provided life assured is 18 years and above. You can Withdrawal request is in effect.
choose this option either at the proposal stage or As and when systematic partial withdrawal comes in
place a subsequent request after policy issuance. In to effect then any death benefit sum assured will be
either scenario, you need to choose the percentage reduced as per partial withdrawal methodology
of pay out and meet viability conditions as follows: mentioned in death benefit section.
• The systematic partial withdrawal amount should In case you do not want to continue with Systematic
not be less than Rs.1000 and not more than 25% Partial Withdrawal Option; you may cancel this any
p.a. of the fund value at a monthly, quarterly, half- time by giving a notice.
yearly or yearly frequency after completion of first D. What are the alterations allowed in the policy?
5 policy years.
You are allowed to make the following alterations in
• The fund value should not fall below 110% of one your policy –
annual premium for regular/limited premium
paying policies and should not fall below Rs. • You have the option to change the premium
100,000 for single premium at any time during the frequency during the premium paying term
without any charges /fees.
10
• You have an option to increase the premium premium at least one month prior to the annual
paying term or policy term during the term of the policy anniversary. If the policyholder has chosen
premium paying term or policy term respectively to decrease the premium then the benefit provided
in accordance with the Board approved at maturity as % of premium, will be calculated
underwriting policy. Once the premium paying based on average annualized premium across the
term or policy term is increased, it cannot be premium paying term.
subsequently decreased. Policyholder is required • You have the option to decrease the Sum Assured
to submit the request for increase in premium during the policy term provided all due premiums
paying term and/or policy term at least one have been paid. Decrease in Sum Assured will not
month prior to the annual policy anniversary. change the premium payable under the policy.
• You have an option to decrease the annualized Decrease in Sum Assured is allowed up to the
premium up to 50% of the original annualized minimum allowed under the policy. Decrease in
premium after the completion of first ten Sum Assured would be subject to minimum Sum
completed policy years. The annualized premium Assured multiple limits.
after reduction should not fall below INR 2,50,000. • The policyholder has the flexibility to remove
Once reduced, you will not be able to increase the ADB feature once at any time during the policy
premium subsequently. Policyholder is required to tenure provided the policy is in-force.
submit the request for decrease in annualized

E. What are the different fund options available in the policy?

There are multiple fund options available in this policy. The existing funds offered in this product are -

Fund Name What does the fund do? Asset Allocation Returns and Risk Profile
Equity Debt Money
Market
Equity1 The Equity1 Fund aims to 80% 0% 0% The potential returns from
(SFIN:ULIF009010910 generate high real rates of to to this fund are the highest
EQUTY1FUND143) return in the long term 100% 20% but the risk is high.
through diversified equity
investment with moderately
re d u ce d p ro b a b i l i ty o f
negative returns in the short
term by some exposure to
debt and money market
instruments.
Balanced1 The Balanced1 Fund aims to 50% 30% 0% The potential returns are
(SFIN: ULIF011010910 provide returns in excess of to to to lower than the Equity Fund
BALAN1FUND143) inflation in the long term 70% 50% 20% but the risk is moderate to
through diversified equity high
investment with reduced
probability of negative
returns in the short term by a
balanced exposure to debt
and money market
instruments.

11
Debt1 The Debt1 fund aims to 0% 70% 0% The potential returns are
(SFIN:ULIF010010910 p rov i d e re t u r n s w h i c h to to lower than the Tailor Made
DEBT01FUND143) exceed inflation in the long 100% 30% Fu n d b u t t h e r i s k i s
term with low probability of moderate
negative returns in the short
term through diversified
exposure to debt and money
market instruments.
Value The Value Fund aims to 70% 0% 0% The potential returns from
(SFIN:ULIF013010910 provide a long term capital to to this fund are the highest
VALUEFUND143) a p p r e c i a t i o n t h r o u g h 100% 30% but the risk is very high.
investment in equity that are
relatively undervalued to
their expected long-term
high earnings and growth
potential
Index Tracker To provide high growth 90% 0% 0% The potential returns from
(SFIN:ULIF012010910 opportunities with an to to this Fund are the highest
INDTRAFUND143) objective of long term 100% 10% but the risk is high.
capital appreciation through
participation primarily in
equity and equity related
instruments.
Dynamic Asset To provide high growth 0% 0% 0% The potential returns from
Allocation Fund opportunities with an to to to this fund are the highest
(SFIN:ULIF015080811 increased/ decreased 80% 80% 40% however the risk is high.
DYAALLFUND143) allocation to equity with our
in-house investment team’s
equity market’s valuation
(as measured by P/E)
Equity Elite To provide capital appreciation 60% 0% 0% The potential returns and
Opportunities by participating primarily in to to risks from this Fund are
(SFIN:ULIF020280716 equity with combination of 100% 40% high.
EQUELITEOP143) money market instruments.
The investment strategy will
involve flexibility of investing in
large cap and mid cap stocks
so as to benefit out of the
opportunities arising in various
sectors/ themes from time to
time.
Liquid 1 Fund To provide protection of 0% 0% 80% The returns are lower than
(SFIN: ULIF014010910 t h e c a p i t a l v a l u e a n d to to debt but the risk is low.
LIQUID1FND143) investment returns (net of 20% 100%
charges) at all times.

12
The new unit linked funds offered in this product are –
Flexi Cap Equity The primary objective of the 65% 0% 0% Medium to high
(SFIN: fund is to generate long term to to investment risk with an
ULIF02121/02/22 capital appreciation by 100% 35% aim to generate and
FLEXCAPFND143) investing predominantly in deliver higher returns
mid cap equity and equity through capital growth on
l i n ke d s e c u r i t i e s , w i t h a medium to long term
opportunistic exposure to basis.
quality small cap companies.

Sustainable Equity This Fund is positioned to 80% 0% 0% Medium to high

(SFIN: generate long-term capital to to investment risk with an aim
ULIF02221/02/22 appreciation by predominantly 100% 20% to generate and deliver
SUSTEQUFND143) investing in a diversified basket higher returns through
o f c o m p a n i e s t h a t a re capital growth on a
compliant with Environmental, medium to long term basis.
Social and Governance (ESG)
criteria.
Where the above mentioned fund(s) namely Flexi Cap Equity Fund (SFIN: ULIF02121/02/22FLEXCAPFND143),
Sustainable Equity Fund (SFIN: ULIF02221/02/22SUSTEQUFND143), attached to ‘IndiaFirst Life Radiance
Smart Invest Plan’ (UIN: 143L067V01) approved by the Board of the insurer, which do not comply with
Regulation 8 of Schedule I of the IRDAI (Investment) Regulations, 2016 read with the Master Circular –
Investment issued thereunder, the policyholder will be given a free switch to the following funds:
1. SFIN No ULIF009010910EQUTY1FUND143; Fund Name: Equity1; Risk Profile: High
2. SFIN No ULIF015080811DYAALLFUND143; Fund Name: Dynamic Asset Allocation Fund; Risk Profile: High
3. SFIN No ULIF011010910BALAN1FUND143; Fund Name: Balanced1; Risk Profile: Moderate to High
which have similar fund objective / risk profile with same or lower fund management charge (FMC) in
compliance with Regulation 8 of Schedule I of the IRDAI (Investment) Regulations, 2016.
We confirm that the above fund(s) is filed with the prior approval of the Board of the Insurer.
You can choose to allocate your premium under these to get the best out of your money.

9. How does this policy work?

We have explained the working of this policy with the sample illustration below –
Mr. Kumar, aged 40 years has bought the IndiaFirst Life Radiance Smart Invest Plan. He invested in the Family
Care Shield Option for a policy and premium payment term of 40 years and chose to pay an annual regular
premium for INR 2,50,000 for a Sum Assured of INR 25,00,000 in the policy.
He further optimized his investments by selecting the Defined Allocation Strategy. He chose Dynamic Asset
Allocation (30%), Flexi Cap Equity (25%), Sustainable Equity (25%) and Equity Elite Opportunities (20%) as
the 4 fund options in the strategy. The strategy ensured that his funds were rebalanced in the proportion
mentioned by him every 6 months to enhance his savings.
At the end of policy term, he will receive a fund value of INR 3,34,92,608 @8% or INR 1,32,88,611 @4% and help
him achieve his goals.
Even in case of his death during the policy term, the premiums would be funded by us and the policy will continue
till maturity and will help his loved ones achieve their goals.
10. What are the Tax benefits under this policy?
Tax benefits may be available on premiums paid and benefits receivable as per prevailing Income Tax Laws.
These are subject to change from time to time as per the Government Tax laws. Please consult your tax
consultant before purchasing this policy.

13
11. What are the charges under this policy?
Type of Charge Charge Details Description
Fund Management The fund management charge for the various funds We d e d u c t F M C a n d
Charge (FMC) offered under this plan is 1.35% per annum. Fund applicable taxes on a daily
management charges are the same for all funds to basis from the fund value
encourage policyholders to make fund choices based on before calculation of the
their risk appetite and not on the basis of fund NAV (Net Asset Value).
management charges.
The fund management charge applicable for
discontinuance fund is 0.50% p. a. on discontinuance
fund value.
Mortality Charge The mortality charges are based on the age and sex of We deduct this charge and
the life assured. The mortality charges are given in the applicable taxes on the first
Annexure A. The mortality charges are guaranteed for business day of each policy
the entire duration of the policy. month by way of
cancellation of units.
Mortality charges for paid-up policies are levied on the
sum at risk which is the paid-up sum assured less partial
withdrawal made during two years preceding the death
of the life assured, if any less fund value subject to this
become positive.
Sum at Risk
For plan option 1 & plan option 2: Sum assured or 105%
of the total premiums paid any time whichever is higher
less fund value less partial withdrawal, if any made
during two years preceding the death of the life assured
For plan option 3: Higher of Sum Assured or 105% of the
total premiums paid plus the present value of all future
premiums discounted at the interest rate of 5.5% p.a.
The sample rate table is given in Annexure A.
Accidental Death Accidental Death Benefit Charge is applicable only for Accidental Death benefit
Benefit Charge Plan Option 2 (Extra Life Option). This charge is levied charge for in force policies
for in force policies by monthly cancellation of units from are levied by monthly
the policy unit account. The accidental death benefit cancellation of units from
charges are given in the Annexure B the policy unit account.
Premium
Allocation Charge There are no Premium Allocation Charges applicable.
Policy
Administration There are no policy administration charges applicable.
Charge
Partial Withdrawal
Charge There are no partial withdrawal charges applicable.

Revival Charge There are no revival charges applicable.

You are allowed to make unlimited switches in a calendar month. We currently do not
Switching Charge levy a switching charge. However we reserve the right to introduce charges, subject to
prior approval from IRDAI.

14
For Regular Premium or Limited Premium, then, we will levy the following Discontinuance Charges:
Where the Policy is Charges for the policies having Charges for the policies having
discontinued during annualized premium up to annualized premium above Rs. 50,000/-
the Policy year Rs. 50,000/-
Lower of 20% * (AP or FV) subject to Lower of 6% * (AP or FV) subject to
1 maximum of Rs. 3,000 maximum of Rs. 6,000
Lower of 15% * (AP or FV) subject to Lower of 4% * (AP or FV) subject to
2 maximum of Rs. 2,000 maximum of Rs. 5,000
Lower of 10% * (AP or FV) subject to Lower of 3% * (AP or FV) subject to
3 maximum of Rs. 1,500 maximum of Rs. 4,000
Lower of 5% * (AP or FV) subject to Lower of 2% * (AP or FV) subject to
4 maximum of Rs. 1,000 maximum of Rs. 2,000
5 and onwards Nil Nil
For Single Premium, then, we will levy the following Discontinuance Charges:
Where the Policy is Charges for the policies having single Charges for the policies having single
discontinued during premium up to Rs. 3,00,000/- premium above Rs. 3,00,000/-
the Policy year
1 Lower of 2.0%*(SP or FV) subject to Lower of 1.0%*(SP or FV) subject to
maximum of Rs.3000 maximum of Rs.6000
2 Lower of 1.5%*(SP or FV) subject to Lower of 0.7%*(SP or FV) subject to
maximum of Rs.2000 maximum of Rs.5000

3 Lower of 1.0%*(SP or FV) subject to Lower of 0.5%*(SP or FV) subject to

maximum of Rs.1500 maximum of Rs.4000
4 Lower of 0.5%*(SP or FV) subject to Lower of 0.35%*(SP or FV) subject to
maximum of Rs.1000 maximum of Rs.2000
5 and onwards Nil Nil
All applicable charges are subject to Goods and Services Tax (GST) as per Govt. GST law and as amended
from time to time.

15
12. What is the Return of Mortality 16. How are premiums allocated to units?
Charges in this policy? Every premium (new business or renewal), is
This policy returns your mortality charges at the end allocated into fund options as selected in the
of policy term. Under all the plan options an amount proposal form or through subsequent request or as
equal to total mortality charges deducted per the investment strategy opted, after deducting
throughout the policy term will be payable at the end allocation charges, if any.
of the policy term, provided all due premiums have When and how does your premium get allocated to
been received. units in your policy?
This is not applicable in case of a surrendered, The allotment of units to you, the policyholder will be
discontinued or reduced paid-up policies. done only after we receive the premium amount.
This amount shall exclude extra mortality New Business: We will allocate new units on
premiums/charges, rider charges, if any and taxes Business the day we receive premiums if we receive
levied on the charges deducted as per prevailing these before 3:00 p.m. They are allocated the next
tax laws. day if we receive them after 3:00 p.m.
Renewal Premiums: We will allocate the premium
13. What is the “Ask an Expert” facility in on the Premiums due date, whether or not it has
this policy? been received before due date. (This assumes that
This is a unique facility which allows you to ask us the full premium is received on the due date). We
your queries and get responses from our market will keep the renewal premiums received before the
experts. due date in the deposit account. It will not earn any
You will be allowed to ask 2 queries every year returns until the renewal premium due date. On the
regarding your monies to our Chief Investment due date, we will use the same for unit funds.
Officer or Fund Manager and get a personalized mail How do we value your units at the time of renewals
response specific to your queries raised. and redemptions of your premiums? We will value
This facility is free of any charges currently and is your units in line with the unit linked guidelines
available for customers under all plan options. issued by the IRDAI.
For renewal premiums / funds switch/ maturity /
14. Are taxes applicable? If yes, who surrender received till 3:00 p.m.: We will apply the
bears it? closing unit price of the day on which your renewal
premium/ funds switch/ maturity/ surrender is
Yes, we will deduct the applicable taxes in received. This can happen only if we receive it by
accordance with the applicable provisions of Income 3.00 p.m. along with a local cheque or a demand
tax Act, 1961 on all the applicable charges levied by draft payable at par at the place where the premium
us under this Policy. The taxes deducted by us is in is received.
addition to the charges under the policy. Tax benefits
may be available on premiums paid and benefits For renewal premiums / funds switch/ maturity /
receivable as per prevailing Income Tax Laws. These surrender received after 3:00 p.m.: We will apply
are subject to change from time to time as per the the closing unit price of the next business day if we
Government Tax laws. Please consult your tax receive your renewal premiums/ funds switch/
consultant before purchasing this policy. maturity/ surrender after 3.00 p.m. This has to be
accompanied with a local cheque or a demand draft
15. How do we value units in your policy? payable at par at the place where the premium is
We will value your units in line with the unit linked received.
guidelines issued by the IRDAI. As per the prevailing For outstation cheques/ demand drafts: We will
guidelines of the Authority, Unit Price will be apply the closing unit price of the day on which
calculated as follows: cheques/ demand draft is realized if the cheque you
Market value of the assets, Plus: value of current issue for premium renewal is an outstation
assets, Less: value of current liabilities and cheque/demand draft.
provisions, if any, Divided: by the number of units 17. Do I get a discount on renewal premiums, if paid
existing on the valuation date (before creation/ in advance?
redemption of units). We will offer discount on renewal premium amount
When divided by the total number of units in the if you pay the premium at least one month prior to
fund at the valuation date (before any units are premium due date till 12 months prior to premium
redeemed), we get the unit price of the fund under due date, provided this period falls within the same
consideration. financial year as the premium due date. The
16
premium due in one financial year may be collected end of lock-in period or date of surrender
in advance in earlier financial year for a maximum whichever is later.
period of three months in advance of the due date of c) In case of Single premium policies, the
the premium to be eligible for discount. No discount policyholder has an option to surrender anytime
will be offered if premium is paid within one month during the lock in period. Upon receipt of request
prior to premium due date. for surrender, the find value, after deducting the
The discount rate applicable for the quarter will be applicable discontinuance charges, shall be
calculated using 5-year G-Sec bond yield (rounded to credited to the discontinuance policy fund. The
nearest 5 bps) as at beginning of the quarter. Any policy shall continue to be invested in the
change of the above basis is subject to IRDAI approval. discontinuance policy fund and the proceeds from
the discontinuance fund shall be paid at the end of
18. Is there a grace period for missed the lock in period. Only fund management charge
premiums? can be deducted from this fund during this period.
Further, no risk cover shall be available on such
We provide you a grace period of 30 days for payment policy during the discontinuance period.
of all premiums under quarterly, half yearly and yearly
modes and 15 days under monthly mode. This period Discontinuance of the Policy after the Lock-in-period
starts from the due date of each premium payment. a) For other than Single Premium Policies:
Your policy will be considered in-force and all your i. Upon expiry of the grace period, in case of
policy benefits will continue during this grace period. discontinuance of policy due to non-payment
of premium after lock-in period, the policy
19. What happens if you discontinue shall be converted into a reduced paid up
paying your premiums? policy with the paid-up sum assured i.e.
Discontinuance of the Policy during lock-in period original sum assured multiplied by the total
a) For other than single premium policies, upon number of premiums paid to the original
e x p i r y o f t h e g ra c e p e r i o d , i n c a s e o f number of premiums payable as per the terms
discontinuance of policy due to non-payment of and conditions of the policy. The policy shall
premium, the fund value after deducting the continue to be in reduced paid-up status
applicable discontinuance charges, shall be without rider cover, if any. All charges as per
credited to the discontinued policy fund and the terms and conditions of the policy may be
risk cover and rider cover, if any, shall cease. deducted during the revival period. However,
b) On such discontinuance, we will communicate the mortality charges shall be deducted based
the status of the policy, within three months of the on the reduced paid up sum assured only
first unpaid premium, to the policyholder and ii. On such discontinuance, the status of the
provide the option to revive the Policy within the policy will be communicated, within three
Revival Period of three years months of the first unpaid premium, to the
i. In case the policyholder opts to revive but does policyholder and provide the following options:
not revive the policy during the revival period, (1) To revive the policy within the revival
then the proceeds of discontinued policy fund period of three years, or
shall be paid to the policyholder at the end of (2) Complete withdrawal of the policy.
the revival period or lock in period whichever is iii. In case the policyholder opts to revive the policy
later. In respect of revival period ending after but does not revive the policy during the revival
lock-in period, the policy will remain in period, the fund value shall be paid to the
discontinuance fund till the end of revival policyholder at the end of the revival period.
period. The fund management charges of iv. In case the policyholder does not exercise
discontinued fund will be applicable during any option as set out above, the policy shall
this period and no other charges will be applied continue to be in reduced paid up status. At
ii. In case the policyholder does not exercise the the end of the revival period the proceeds of
option as set above, the policy shall continue the policy fund shall be paid to the
without any risk cover if any, and the policy policyholder and the policy shall terminate.
fund shall remain invested in the v. However, the policyholder has an option to
discontinuance policy fund. At the end of the surrender the policy anytime and proceeds of
l o c k- i n p e r i o d , t h e p r o c e e d s o f t h e the policy fund shall be payable.
discontinuance fund shall be paid to the b) In case of Single Premium Policies, the
policyholder and the policy shall terminate. policyholder has an option to surrender the
iii. However, the policyholder has an option to policy any time. Upon receipt of request for
surrender the policy anytime and proceeds of surrender, the fund value as on date of
the discontinued policy shall be payable at the surrender shall be payable.
17
20. How can you revive your policy? This amount is adjusted by the fund performance
between the date of receipt of premium and the date
Revival of the Discontinued Policy during lock-in of cancellation.
period
Distance Marketing includes every activity of
a. Where the policyholder revives the policy, the solicitation (including lead generation) and sale of
policy shall be revived restoring the risk cover, insurance products through the following modes: (i)
along with the investments made in the Voice mode, which includes telephone calling; (ii)
segregated funds as chosen by the policyholder, Short Messaging service (SMS); (iii) Electronic
out of the discontinued fund, less the applicable mode which includes e-mail, internet and interactive
charges in accordance with the terms and television (DTH); (iv) Physical mode which includes
conditions of the policy. direct postal mail and newspaper & magazine
b. At the time of revival: inserts; and, (v) Solicitation through any means of
i. all due and unpaid premiums will be collected communication other than in person.
without charging any interest or fee.
ii. premium allocation charge will be levied as 22. Broad risks with your policy
applicable during the discontinuance period. Is your policy prone to risks? If yes, who bears the risk?
No other charges shall be levied. Yes, your policy does carry risks.
iii. the discontinuance charges deducted at the I. IndiaFirst Life Insurance Company Limited is
time of discontinuance of the policy will be only the name of the insurance company and
added back to the fund. “IndiaFirst Life Radiance Smart Invest Plan” is
Revival of the Discontinued Policy after lock-in only the name of this unit linked fund based
period insurance policy and does not in any way
a) Where the policyholder revives the policy, the indicate the quality of this Policy, its future
policy shall be revived restoring the original risk prospects or returns.
cover in accordance with the terms and ii. Unit linked insurance products are subject to
conditions of the policy. investment risks which are borne by you.
b) At the time of revival: iii. The premiums paid in the unit linked insurance
i. all due and unpaid premiums under base policies are subject to investment risks
policy will be collected without charging any associated with the capital markets and the
interest or fee. NAVs of the Units may go up or down based on
the performance of the Funds and factors
ii. premium allocation charge will be levied as influencing the capital market and the insured is
applicable. responsible for his/her decision.
iii. No other charges shall be levied. iv. Investments in the Funds are subject to market
risks and the investment risks in investment
21. Can you cancel (free-look) your policy? portfolio are borne by you.
Yes, you can return your policy within the Free Look v. The Funds or the names of the Funds as shown in
period; in case you do not agree to the any policy this Policy do not in any manner indicate or
terms and conditions, you have the option of guarantee the quality of the Funds, future
returning the policy to us stating the reasons thereof, prospects or returns. The past performance of
within 15 days from the date of receipt of the policy. any of our Funds is not indicative of the future
The free-look period for policies purchased through performance of any of these Funds.
distance marketing or electronic mode will be 30
days. vi. We do not guarantee the Fund Value or the NAV.
Please note that depending on the market risk
Do you get any refund when you cancel your policy? and the performance of the Funds to which the
Yes. We will refund an amount equal to the - Fund Units are referenced, the Fund Value or the NAV
value as at the date of cancellation plus charges may fall, rise or remain unchanged. We have not
levied by cancellation of units, given any assurance that the objectives of any of
Less: the Funds will be achieved.
i. Pro-rata mortality charge vii. The Funds do not offer a guaranteed or assured
ii. Any stamp duty paid return except to the extent as guaranteed or
assured by us under this Policy.
iii. Expenses incurred on medical examination, if any.

18
Do you get guaranteed returns from any of the 2. Any person making default in complying with the
funds mentioned in your policy? provisions of this section shall be liable for a
No. None of our funds offer a guaranteed or assured penalty which may extend to ten lakh rupees.
return. The fund names do not indicate the quality of
the respective funds, their future prospects or 27. What happens in the case of
returns, in any manner. submission of information which is false
Does the past performance of your policy or incorrect?
guarantee future performance as well? Fraud/ Misstatement would be dealt with in
The past performance of our other funds does not accordance with provisions of Section 45 of the
necessarily indicate the future performance of any of Insurance Act 1938, as amended from time to time.
these funds. Section 45 of the Insurance Act 1938, as amended
from time to time states
23. What happens in case the life assured 1) No policy of life insurance shall be called in
commits suicide? question on any ground whatsoever after the
In case of death due to suicide within 12 months from expiry of three years from the date of the policy,
the date of commencement of the policy or from the i.e., from the date of issuance of the policy or the
date of revival of the policy, as applicable, the date of commencement of risk or the date of
Nominee/ Appointee/ Legal Heir, as the case may revival of the policy or the date of the rider to the
be, shall be entitled to the fund value, as available on policy, whichever is later.
the date of intimation of death. 2) A policy of life insurance may be called in
Further any charges other than Fund Management question at any time within three years from the
Charges and guaranteed charges recovered date of issuance of the policy or the date of
subsequent to the date of death shall be added back commencement of risk or the date of revival of
to the fund value as available on the date of the policy or the date of the rider to the policy,
intimation of death. whichever is later, on the ground of fraud:
Provided that the insurer shall have to
24. Nomination: communicate in writing to the insured or the legal
The member can appoint a nominee as per Section representatives or nominees or assignees of the
39 of the Insurance Act, 1938 as amended from time insured the grounds and materials on which such
to time. For more details please refer to our website decision is based.
www.indiafirstlife.com 3) Notwithstanding anything contained in sub-
section (2), no insurer shall repudiate a life
25. Assignment: insurance policy on the ground of fraud if the
As per the provisions of Section 38 of the Insurance insured can prove that the mis-statement of or
Act, 1938 as amended from time to time. For more suppression of a material fact was true to the best
details please refer to our website of his knowledge and belief or that there was no
www.indiafirstlife.com deliberate intention to suppress the fact or that
such mis-statement of or suppression of a
26. You are prohibited from accepting material fact are within the knowledge of the
rebate in any form: insurer: Provided that in case of fraud, the onus of
Prohibition of Rebate: Section 41 of the Insurance disproving lies upon the beneficiaries, in case the
Act, 1938 as amended from time to time states policyholder is not alive.
1. No person shall allow or offer to allow, either 4) A policy of life insurance may be called in
directly or indirectly, as an inducement to any question at any time within three years from the
person, to take or renew or continue an insurance date of issuance of the policy or the date of
in respect of any kind of risk relating to lives or commencement of risk or the date of revival of
property in India, any rebate of the whole or part the policy or the date of the rider to the policy,
of the commission payable or any rebate of the whichever is later, on the ground that any
premium shown on the Policy, nor shall any statement of or suppression of a fact material to
person taking out or renewing or continuing a the expectancy of the life of the insured was
Policy accept any rebate, except such rebate as incorrectly made in the proposal or other
may be allowed in accordance with the published document on the basis of which the policy was
prospectuses or tables of the insurer. issued or revived or rider issued: Provided that
the insurer shall have to communicate in writing

19
 to the insured or the legal representatives or 28. About the IndiaFirst Life Insurance
nominees or assignees of the insured the grounds
and materials on which such decision to repudiate Company
the policy of life insurance is based: Provided We’ve had Bank of Baroda, Andhra Bank (now, Union
further that in case of repudiation of the policy on Bank of India) and Legal & General as our founding
the ground of misstatement or suppression of a partners. After journeying with us through our years
material fact, and not on the ground of fraud, the of growth, Legal & General sold its stake in Feb 2019
premiums collected on the policy till the date of to Carmel Point Investments India Private Limited, a
repudiation shall be paid to the insured or the legal body corporate incorporated under the laws of
representatives or nominees or assignees of the Mauritius and owned by private equity funds
insured within a period of ninety days from the date managed by Warburg Pincus LLC. Our Shareholding
of such repudiation. pattern of the company now stands at Bank of
5) Nothing in this section shall prevent the insurer Baroda – 65%, Union Bank of India – 9% and Carmel
from calling for proof of age at any time if he is Point Investments India Private Limited – 26%.
entitled to do so, and no policy shall be deemed to
be called in question merely because the terms of
the policy are adjusted on subsequent proof that
the age of the Life Insured was incorrectly stated
in the proposal.

20
 Annexure – A
Standard Annual Mortality Charge Rates
Mortality Charge per Rs 1,000 Sum at Risk (Sum at Risk is Sum Assured Less Fund Value)
Age Mortality Charge Age Mortality Charge Age Mortality Charge
0 5.78 34 1.48 72 37.48
1 5.07 35 1.56 73 41.13
2 1.19 36 1.66 74 45.18
3 0.61 37 1.77 75 49.69
4 0.35 38 1.89 76 54.68
5 0.24 39 2.03 77 60.21
6 0.20 40 2.18 78 66.33
7 0.19 41 2.36 79 73.10
8 0.22 42 2.56 80 80.58
9 0.27 43 2.79 81 88.84
10 0.34 44 3.05 82 97.96
11 0.44 45 3.35 83 108.01
12 0.56 46 3.71 84 119.08
13 0.68 47 4.12 85 131.27
14 0.80 48 4.60 86 144.68
15 0.91 49 5.15 87 159.40
16 1.00 50 5.77 88 175.55
17 1.08 51 6.46 89 193.23
18 1.14 52 7.22 90 212.56
19 1.18 53 8.03 91 233.64
20 1.20 54 8.88 92 256.59
21 1.21 55 9.77 93 281.51
22 1.22 56 10.68 94 308.49
23 1.22 57 11.60 95 337.62
24 1.21 58 12.55 96 368.96
25 1.21 59 13.51 97 402.56
26 1.21 60 14.51 98 438.44
27 1.21 61 15.56 99 476.62
28 1.22 62 16.68 68 26.31
29 1.24 63 17.89 69 28.65
30 1.27 64 19.23 70 31.28
31 1.31 65 20.71 71 34.21
32 1.35 66 22.37
33 1.41 67 24.23
The mortality charge is based on age last birthday basis. For transgender lives,
male mortality charge will be applicable.

21
 Annexure B – Accidental Death Benefit Charge
Annual Accidental Death Benefit Charge Per 1000 Sum At Risk
Annual Accidental Death Benefit Charge 0.2904

applicable only for plan option 2 (Extra Life Option)

22
 Annexure C –
% of Annualized Premium to be paid at Maturity

For Regular/ Limited Pay Policies

Policy Term (years) Premium Paying Term (years)
5 7 10 & above
10 10% 20% 30%
15 50% 75% 100%
20 & above 100% 150% 200%

For Single Pay Policies

Policy Term Percentage of Single Premium at Maturity
10 2.50%
15 10.00%
20 and above 40.00%

23
Disclaimer:
Tax exemptions are as per applicable tax laws as amended from time to time.
IndiaFirst Life Insurance Company Limited, IRDAI Regn No.143, CIN: U66010MH2008PLC183679, Address: 12th &
13th floor, North Tower, Building 4, Nesco IT Park, Nesco Centre, Western Express Highway, Goregaon (East),
Mumbai – 400 063. Toll free No – 18002098700. Email id: customer.first@indiafirstlife.com, Website:
www.indiafirstlife.com. Fax No.: +912268570600. Our Shareholding pattern of the company now stands at Bank of
Baroda – 65%, Union Bank of India – 9% and Carmel Point Investments India Private Limited – 26%. IndiaFirst Life
Insurance Company Limited is only the name of the Life Insurance Company and Linked Insurance Products are
different from the traditional insurance products and are subject to risk factors. The Premium paid in unit-linked life
insurance policies are subject to investment risks associated with capital markets and NAVs of the units may go up
or down, based on the performance of fund and factors influencing the capital market and the insured is responsible
for his/her decisions. IndiaFirst Life Insurance Company Limited is only the name of the Life Insurance Company and
IndiaFirst Life Radiance Smart Invest Plan UIN 143L067V01 is only the name of the Life Insurance Product and does
not in any way indicate the quality of the contract, its prospects, or returns. For more details on risk factors and
terms and conditions, please read the sales brochure carefully before concluding the sale. Trade logo displayed
above belongs to our promoter’s M/s Bank of Baroda and is used by IndiaFirst Life Insurance Co. Ltd under License.

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• IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.
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