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IndiaFirst Life Insurance launches ‘Guarantee of Life Dreams(G.O.L.D)’

Published on August 05, 2023
Current Context: G.O.L.D. plan launched by IndiaFirst Life Insurance. This is a product that offers regular long-term income to the policyholders, with flexible premium paying terms and three income options.
IndiaFirst Life Insurance launches ‘Guarantee of Life Dreams(G.O.L.D)’
  • The plan is a non-linked and non-participating individual life insurance plan, which means it is not affected by market fluctuations and does not participate in the profits or losses of the company.
  • The plan offers a choice of premium paying terms of 6 years, 8 years, or 10 years for a policy term of 30 years or 40 years. The minimum premium amount is 4,176 per month.
  • The plan offers three income options: immediate, intermediate, and deferred. The immediate option provides regular income from the end of the first policy year till maturity..
  • The plan also offers a death benefit, which is higher of 10 times the annualized premium or 105% of all premiums paid or sum assured on maturity or guaranteed sum assured on death.

Question:

Q.1 What does G.O.L.D. stand for in the IndiaFirst Life Insurance plan name?
a. Guarantee of Life Dreams
b. Guarantee of Long-term Dividends
c. Guarantee of Lifetime Development
d. Guarantee of Life and Death
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