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Future Generali Life Insurance launches Future Generali Sanjeevani Plus – a ULIP Plan. Delhi
- ULIP whole life insurance product with optional riders
- Helps to build a larger savings corpus, with insurance protection throughout the life
- Option to pay premiums over a choice of 5 years, 10 years, 15 years or for whole of life or single premium
- Minimum sum assured for regular premium – five times the annual premium
- Minimum sum assured for single premium – 110% of the single premium
- In case of demise of the policyholder, higher of fund value and sum assured less of an applicable partial withdrawals is payable
- Additional options for top-ups, partial withdrawal, switches, surrender
- Facility to customize and enhance the coverage through suite of 4 optional riders
Mumbai, January 12, 2010: Future Generali India Life Insurance Company, the Insurance joint venture between Future Group of India and Generali Group of Italy today launched Future Generali Sanjeevani Plus, a unit linked whole life insurance cum investment plan. Future Generali Sanjeevani Plus offers a flexible, long-term savings cum insurance solution to customers and provides the option of paying premium in regular / limited / single premium payment terms.
Customers also have a choice of four fund options, provides flexibility for top-ups, partial withdrawal, switches and surrender. The minimum sum assured for regular premium / limited premium payment is five times the annual premium and 110% of the single premium paid. The minimum premium for regular / limited premium option is Rs 18000, where as in case of single premium option minimum premium is Rs. 75,000. In the event of demise of the policy holder, the higher value of the two – sum assured or the fund value will be paid to the nominee. Future Generali Sanjeevani Plus can be availed by persons aged 30 days-65 years. In order to cater to specific policyholder needs the plan provides additional protection through riders such as accidental death benefit rider, accidental total and permanent disability rider, unit-linked critical illness (core) rider and/or unit-linked life guardian rider.
In keeping with their aim to introduce products that are simple and suitable to different customer needs, Future Generali Sanjeevani Plus is the latest offering from Future Generali’s basket of Total Insurance Solutions, across Life & General Insurance.
The other differentiator of Future Generali is the Mallassurance™ channel – a unique & innovative delivery channel selling Insurance offerings across the Life and General Insurance categories through 163 Future Group retail outlets across the country.
Speaking on the occasion of the launch of Future Generali Sanjeevani Plus, Deepak Sood, CEO, Future Generali India Life Insurance Company said, “With the rising optimism in the Indian stock markets, we believe it is an opportunity for customers to reap the benefits of a market that has shown stability and resilience and is poised for a longish positive run. Future Generali Sanjeevani Plus offers Indian investors a great way to maximize potential returns of investing in equities, while enjoying insurance protection with a lower risk component. Future Generali Sanjeevani Plus has the potential to be our flagship ULIP product and a star product in the industry. The plan comes with a lower volatility component while offering the customer four different fund options to suit specific needs, with the added option of flexible payment terms.” He also added, “We expect Future Generali Sanjeevani Plus to be a winner in this most crucial quarter thereby enabling us to be one of the fastest growing private insurance companies. Our continued focus on best in class products and customer service made this possible and we thank our customers, partners and well-wishers for their continued support.”
Future Generali Sanjeevani Plus at a glance:
- Minimum premium for regular / limited premium payment option is Rs. 18,000 and minimum premium for single premium payment option is Rs. 75,000
- Provides for life cover throughout the policy term
- Four fund options to choose from
- In the event of demise of the policyholder, nominee receives the higher of sum assured and fund value at the time of death of life assured
- The plan comes with optional riders to further suit the customer needs and enhance the coverage, viz. Accidental death benefit rider, Accidental total and permanent disability rider, Unit linked critical illness rider and Unit linked life guardian rider
- There are flexibility options such as top-ups, partial withdrawal, switches and surrender
- Complies with IRDA’s Circular of Cap on Charges
Future Generali is currently active through 92 branches across 84 cities and over 40000 licensed advisors. Besides this large network of agents & branches, Future Generali will also actively offer their Insurance solutions across 163 Future Group malls.