Future Generali

Future Generali launches one of the most flexible Single Premium ULIPs - FG Nivesh Preferred


  • Two sum assured options to strike a balance between insurance and investments
  • Selection of 6 investment funds to match varying risk appetites
  • Loyalty Addition up to 7% of premium at the end of the fifth policy year
  • 12 Free Fund switches per year to derive maximum returns
  • Option of 4 additional benefit riders, partial withdrawals & surrender benefits
  • Enhanced protection with Accidental Death Rider

Mumbai, January 12, 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 Nivesh Preferred, a flexible one-time investment ULIP with simplicity as one of the key attributes of the product construct.

Future Generali Nivesh Preferred, while helping customers achieve their medium to long term financial goals. A single premium plan with two options on sum assured component, Future Generali Nivesh Preferred has four term options of 07, 10, 15, and 20 years and is available for customers in the age group of 07 to 68 years.

On maturity of the policy, fund value as on date will be paid to the life assured. The policy holder may also choose to receive the maturity benefit under settlement option through periodical payments for up to 05 years after the maturity date. Loyalty Addition up to 07% for premium exceeding Rs. 50,000 is payable in addition. The minimum single premium is Rs. 40,000 and the maximum single premium is Rs.4,00,000.

Future Generali Nivesh Preferred Plan offers two options to the customers to strike a balance between their insurance and investment needs. These options are:

  • Option A offers a life insurance cover of 05 times the single premium in the first year and 1.25 times the single premium from the second year onwards
  • Option B offers a level life insurance cover throughout the policy term which may be ranging from 1.25 to 5 times the Single Premium. Further the customer will have an option to reduce the cover at any time from second policy year onwards

98% of the premium paid in Future Generali Nivesh Preferred gets allocated to funds on the first day with a choice of six investment funds. These funds provide the investor flexibility to direct investments in any of the unit-linked funds of the company that match their risk appetite. 12 free fund switches per year means investors can leverage returns despite market volatility. Additional protection can be drawn, by taking an Accidental Death Rider.

On the occasion of the launch, Deepak Sood, MD & CEO, Future Generali India Life Insurance Company said, "Insurance is about smoothening the volatility of one's personal balance sheet and Future Generali's Nivesh Preferred Plan has been designed from the very onset with a single objective - to enable investors who have very little time to manage their money, draw the twin benefits of protection and optimal returns. The need of the hour is to offer innovative, simple ULIPs with attractive riders. With Future Generali Nivesh Preferred, customers can avail the benefits of a single premium plan – for times when they have some investible surplus, that they want to invest in a cost-efficient and easy to manage an Insurance-cum- Investment plan to achieve their financial goals."

Future Generali is currently active through 191 offices with over 50,900 licensed advisors. Besides this large network of agents and offices, Future Generali also offers its Total Insurance solutions across Future Group malls.