IndiaFirst Young India Plan - Life Insurance

• IndiaFirst Life Insurance Company Limited is thename of our insurance company. IndiaFirst YoungIndia Plan is only the name of our plan and does notin any way indicate the quality of the plan, its futureprospects or returns.Do you get guaranteed returns from any of thefunds mentioned in your plan?• No. None of our funds (Equity 1, Debt 1, Balanced 1,Liquid1, Index Tracker, Value fund) offer aguaranteed or assured return• Equity 1 fund, Debt 1 fund, Balanced 1 fund, Indextracker fund, Value fund and Liquid 1 fund are thenames of the funds offered currently with IndiaFirstYoung India Plan. They do not indicate the quality ofthe respective funds, their future prospects orreturns, in any manner.Does the past performance of your planguarantee future performance as well?The past performance of our other funds does notnecessarily indicate the future performance of any ofthese funds.24. What happens in case the life assuredcommits suicide?If the life assured commits suicide, the death benefitwe will pay will be limited to the fund value. It will notinclude the insured benefits. This applies if the deathby suicide occurs within 12 months from the date ofrisk commencement or date of revival of this plan. Thisis irrespective of whether the life assured, was sane orinsane at the time death.25. Your are prohibited from acceptingrebate in any form:Prohibition of Rebate: Section 41 of theInsurance Act, 1938 states• No person shall allow or offer to allow, either directlyor indirectly, as an inducement to any person to takeout or renew or continue an insurance in respect ofany kind of risk relating to lives or property in India,any rebate of the whole or part of the commissionpayable or any rebate of the premium shown on thePolicy, nor shall any person taking out or renewingor continuing a Policy accept any rebate, exceptsuch rebate as may be allowed in accordance withthe published prospectuses or tables of the insurer• Any person making default in complying with theprovisions of this section shall be punishable with afine which may extend to five hundred rupees26. What happens in case of submissionof information which is false or incorrect?Indisputability Clause: Section 45 of theInsurance Act, 1938 states• No policy of Life Insurance shall, after the expiry oftwo years from the date on which it was effected, becalled in question by an Insurer on the ground that astatement made in the proposal for insurance or anyreport of a medical officer or referee or friend of theInsurer or in any other document leading to theissue of the Policy, was inaccurate or false, unlessthe insurer shows such statement Was on materialmatter or suppressed facts which it was material todisclose and that it was fraudulently made by thepolicy holder and that the policy holder knew at thetime of making it that the statement was false orthat it suppressed facts which it was material todisclose. Provided that nothing in this section shallprevent the insurer from calling for proof of age atany time if he is entitled to do so, and no policy shallbe deemed to be called in question merely becausethe terms and conditions of the policy are adjustedon subsequent proof that that the age of the lifeinsured was incorrectly stated in the proposal.27. About IndiaFirst life insuranceIndiaFirst Life Insurance Company Limited is a jointventure of Bank of Baroda, Andhra Bank and Legal &General Group (UK).Bank of Baroda is one of the largest public sector bankin the country with an enviable network of over 3900branches that spreads across the geography of Indiaand over 70 branches across 25 countries globally.This behemoth financial institution is over 100 yearsold and has been built on financial prudence, corporate12