IndiaFirst launches Money Back Health Insurance Plan

IndiaFirst Life Insurance has launched Money Back Health Insurance Plan. The plan would offer health cover as well as savings option to the customer.

How does IndiaFirst’s Money Back Health Insurance Plan will work?
A part of the premium, depending on the age and health of the customer, would be credited into the buyer’s policy account and this money would be invested in various funds to get optimum returns.

Key Features of the plan
1- The plan is a long term plan for 5 or 10 years and offers dual tax benefit of Section 80C and 80D.
2- The Plan offers the convenience of cashless treatment, cover for 195 day care procedures, re-imbursement of medical expenses for 30 days pre and 60 days post hospitalization, cover for the entire family (spouse, two children and two dependent parents) under one plan.
3- The Plan would offer protection to customers for up to 10 years.
4- The minimum premium payout of the customer would be Rs 10,000.
5- The health insurance cover would be a minimum for Rs 1.5 lakh and maximum of Rs 10 lakh.
6- The plan has two premium payment option – Regular Premium (10 premium paying term for 10 years cover) and Single Premium (onetime payment for 5 year cover).