Future Generali

Future Generali launches Future Generali Wealth Protect


A Unit Linked investment plan that offers financial security, growth and flexibility.

  • Comprehensive protection of 7 to 30 times your annual premium depending on your age and term
  • Guaranteed loyalty addition on maturity based on first year premium paid
  • Choice of 6 investment funds
  • Flexibility in choosing the policy term, premium payment mode, sum assured multiplier and a host of options like switching & premium redirection to maximize your returns
  • Option of 4 additional benefit riders, partial withdrawals & surrender benefits

Mumbai, Monday April 18, 2011: Future Generali India Life Insurance Company, the Insurance joint venture between Future Group of India and Generali Group of Italy, has launched Future Generali Wealth Protect; a flexible Unit Linked Insurance Plan that offers not only protection, but also the opportunity to create wealth.

FG Wealth Protect offers investors the freedom and flexibility of wealth creation, in just four simple steps:-

  • Decide your premium amount
  • Select your policy term
  • Choose the sum assured
  • Select from six fund options

Enhanced protection can be availed through opting for Riders- one or more out of: Accidental Death Benefit, Accidental Total and Permanent Disability Benefit, Unit-Linked Life Guardian and Unit Linked Critical Illness (Core) Riders.

Available for customers in the age group of 7 to 60 years, premiums for Future Generali Wealth Protect can be paid on a monthly, quarterly, half yearly or yearly basis, with a minimum annualized premium of Rs. 25,000 and a maximum of. Rs. 2, 00,000

On maturity of the policy, the fund value plus guaranteed loyalty addition as on the date of maturity is payable to the life assured. The policy holder may also choose to receive the maturity benefit under the settlement option through periodical payments for up to 5 years from the maturity date. A guaranteed loyalty addition based on the first year premium paid is also available at maturity.

The premium paid in Future Generali Wealth Protect gets allocated to a fund of one’s choice, thereby, providing flexibility in directing investments to any one or more out of the 6 unit-linked funds of the company. The funds invest in a mix of Cash/other liquid investments, fixed income securities and Equity investments in line with their individual risk profile or need. Policy Holders can also choose to manage their investments actively, by making up to 12 free fund switches per year.

On the occasion of the launch, Deepak Sood, MD & CEO, Future Generali India Life Insurance Company said, “Future Generali’s Wealth Protection Plan has been designed from the very start with a singular objective - to provide maximum flexibility and protection to customers seeking long term wealth creation. For ULIP investors, it is prudent to start investing early, and to stay invested with regular premium payments through the premium paying term, to achieve their pre-determined financial goals. FG's unique new Wealth Protection Plan, to this end, has an ideal mix of options to help create the wealth you need to fulfill your dreams.”

Future Generali is currently active through 191 offices with over 52,600 licensed advisors. Besides this large network of agents and offices, Future Generali also offers its Total Insurance solutions across Future Group malls.