In case of your unfortunate demise, the Death Benefit in this plan secures your family’s financial well-being and future. The Death Benefit varies as per the plan option you choose:

For Option 1: Wealth Creation and Option 2: Retire Smart:

The Death Benefit payable to the nominee shall be the higher of:

• Sum Assured less deductible partial withdrawals, if any, OR
• Fund Value under the policy, OR
• 105% of the total premiums paid (including top-up premiums paid, if any) till the date of death less deductible partial withdrawals, if any.

The Policy will terminate on the payment of Death Benefit.

To clearly understand how the death benefit works, let us refer to Ankit’s story.

Like we discussed, Ankit is 35 years old, and has invested in Option 1:Wealth Creation of the Future Generali Big Dreams Plan, with a Policy Term of 10 years. His Death benefit Multiple is 10 times. In case of Ankit’s unfortunate death after having paid just 2 premiums, the following illustration shows what his nominee will get:

Note: For the purpose of illustration, we have assumed 8% p.a and 4% p.a as the higher and lower values of investment returns. These rates are not guaranteed, and they are not the upper or lower limits of returns of the Funds selected in your policy, as the performance of funds depends on several factors including future investment performance. These rates in no way signify our expectations of future returns and the actual returns may be higher or lower.

For Option 3: Dream Protect

• Sum Assured less deductible partial withdrawals, if any, OR
• 105% of the total premiums paid (including top-up premiums paid, if any) till the date of death less deductible partial withdrawals, if any.

In addition:

1. No future premiums are required to be paid by You. All future premiums under the policy shall be paid by the Company on your behalf as and when they become due. Extra Allocation applicable to the respective Installment Premium post the death of the Life Assured shall be added to the fund as and when the installment premium is paid by the company into the fund. The Policy shall continue till maturity and all the future benefits under the policy will be paid to the beneficiary as and when due. All applicable charges, except mortality charges, will continue to be deducted from the unit fund.
2. We will pay a monthly income equal to 8.33% of the Annualised Premium every month to the nominee till the end of the policy term starting from the first monthly death anniversary of the Life Assured.
3. We shall also pay the Maturity Benefit (Fund Value) at the end of the policy term.

The Policy will terminate on the complete payment of Maturity Benefit at the end of the Policy Term.

To clearly understand how death benefit works in this case, let us look at Ankit’s story had he chosen Option 3: Dream Protect option, with a Policy Term of 10 years. His Death benefit Multiple is 10 times. The following illustration shows what his nominee will get in case of Ankit’s unfortunate death, after paying just 2 premiums:

Note: For Deductible Partial Withdrawals applicable under Death Benefit for all plan options: Deductible partial withdrawals are partial withdrawals made in the 2 years prior to the date of death of the Life Assured.

For the purpose of illustration, we have assumed 8% p.a and 4% p.a as the higher and lower values of investment returns. These rates are not guaranteed, and they are not the upper or lower limits of returns of the Funds selected in your policy, as the performance of funds depends on several factors including future investment performance. These rates in no way signify our expectations of future returns and the actual returns may be higher or lower.