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| Fund Size | Interest Rate Declaration |
FUTURE GENERALI GROUP LEAVE ENCASHMENT PLAN (133N044V03) |
FUTURE GENERALI GROUP GRATUITY PLAN (133N045V03) |
|---|---|---|---|
| < 1 Cr | Yearly in Arrears | 7.60% | 7.80% |
| >= 1 Cr and < 2 Cr | 7.70% | 7.90% | |
| >=2 Cr and < 5 Cr | 7.70% | 7.90% | |
| >=5 Cr and < 15Cr | 7.70% | 7.90% | |
| >=15 Cr | 7.80% | 8.00% |
Please Note –
- The interest rate would be credited on a pro-rata basis based on the number of days the fund has been invested with the company.
- Fund size for a particular scheme will be determined based on fund value (without interest) as on 31st March 2021.The Fund Value of all non-linked fund-based schemes managed by Future Generali India Life Insurance for a given Master Policyholder (one company or all companies belonging to same group) shall be clubbed to determine the size of fund.
- The interim rates for FY 2020-21 @ 4% p.a. will be applied for exits during the financial year for which interest rate is not yet declared
| Fund Size | Interest Rate Declaration |
FUTURE GENERALI GROUP LEAVE ENCASHMENT PLAN UIN : 133N017V01 |
FUTURE GENERALI GROUP GRATUITY PLAN UIN : 133N007V01 |
FUTURE GENERALI GROUP SUPERANNUATION PLAN UIN : 133N016V01 |
|---|---|---|---|---|
| < 1 Cr | Yearly in Arrears | 7.60% | 7.65% | 7.70% |
| >= 1 Cr and < 2 Cr | 7.60% | 7.70% | 7.75% | |
| >=2 Cr and < 5 Cr | 7.70% | 7.80% | 7.85% | |
| >=5 Cr and < 15Cr | 7.75% | 8.00% | 8.00% | |
| >=15 Cr | 7.75% | 8.05% | 8.05% |
Please Note –
- The interest rate to be applied is number of days the tranche of money was with us divided by number of days in the year.
- Fund size for a particular scheme will be determined based on fund value (without interest) as on 31st March 2021.
- The interim rates for 2021-22 would continue to be the same as earlier @ 5% p.a.
Bonus Rate Declaration for Group Superannuation Funds for FY 2020-21
| Product name | UIN | Bonus Rate Declaration | Bonus Rates for FY 2020-21 |
|---|---|---|---|
| Future Generali Group Superannuation Plan | 133N043V01 & 133N043V02 | Yearly in Arrears | 6.98% p.a. |
| Future Generali Group Superannuation Plan | 133N043V03 | 7.00% p.a. |
Please Note –
- The above bonus rate for Future Generali Group Superannuation Plan (UIN 133N043V01 & 133N043V02) excludes the 1% p.a. minimum floor rate (minimum floor rate gets credited in advance on the fund). The bonus rate above will be credited on the fund value after applying the minimum floor rate of 1% p.a. and credited on 31st March 2021 leading to an effective rate of 8.05% p.a.
- For Future Generali Group Superannuation Plan(UIN 133N043V03), there is no minimum advance interest rate. Hence, effective rate is the same as declared bonus rate of 7.00% p.a.
- The minimum floor rate and bonus rate to be applied is on the number of days, the tranche of money was with Future Generali India Life Insurance Company Ltd. divided by number of days in the year.
Interim Bonus Rates Declaration
The interim bonus rates applicable till next bonus declaration date will be:
| Product name | UIN | Bonus Rates for FY 2020-21 |
|---|---|---|
| Future Generali Group Superannuation Plan | 133N043V01 & 133N043V02 | 4% p.a. (in addition to 1% p.a. declared in advance) |
| Future Generali Group Superannuation Plan | 133N043V03 | 5.00% p.a. (with no minimum advance interest rate) |