Future Generali

Future Generali India Life Insurance launches the Triple Anand Advantage Plan


Future Generali India Life Insurance launches the Triple Anand Advantage Plan

A guaranteed income plan with 3-in-1 benefits

Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future Group - the leading retailer of India, Assicurazioni Generali - a global insurance group and one of the world's 50 largest companies* - a leading NBFC, today announced the launch of the Triple Anand Advantage Plan which is a guaranteed, limited premium, participating endowment plan.

This is a unique plan which comes with a three-in-one benefit of Whole life insurance, Money back plan as well as an Extended cover. The policyholder not only gets the Sum Assured plus bonuses during the Policy Term but also gets an extended cover till the age of 80 years. There are two Premium Paying Term options – 15 and 20 years. The Premium Paying Term is 5 years lower than the term of the policy.

Benefits Premium Paying Term of 15 years Premium Paying Term of 20 years
Regular Payouts 10% of the Sum Assured every year from the end of 15th year till the end of 19th year of the policy 10% of the Sum Assured  every year from the end of 20thyear till the end of 24th  year of the policy
Lumpsum Payout 50% of the Sum Assured + Compounded Reversionary bonuses* (if any) + Terminal Bonus* (if any) at end of the 20th year 50% of the Sum Assured + Compounded Reversionary bonuses* (if any) + Terminal Bonus* (if any) at end of the 25th year
Extended Cover Benefit
  • 100% of Sum Assured on turning 80 years or
  • 100% of Sum Assured paid to nominee in case of death before 80 years

Compounded Reversionary Bonus: At the end of each financial year the Company may declare a bonus expressed as a percentage of the Sum Assured and all previous bonuses declared. The bonus of each year is added to the sum assured and the next year’s bonus is calculated on the enhanced amount.
Terminal Bonus: The Company may declare a discretionary terminal bonus which is payable on death or maturity of  the plan.
On the occassion of the launch, Mr. Munish Sharda, Managing Director & CEO, Future Generali Life Insurance said, “Primarily, most of the whole life plans focus on legacy planning. The Future Generali Triple Anand Advantage plan, as the name suggests, combines it with the benefit of a regular money back plan to cater to our customers’ various financial needs. This is a with-profit plan where the customer will receive bonuses during the policy term and an additional life cover until the age of 80 years. This product is in line with our philosophy of offering simple to understand propositions which deliver value to our customers. We will continue to design products which cater different insurance needs of diverse customer segments.”


The Generali Group is one of the largest global insurance providers with 2013 total premium income of €66 billion. With 77,000 employees worldwide serving 65 million clients in more than 60 countries, the Group occupies a leadership position on West European markets and an increasingly important place on markets in Central Eastern Europe and Asia.

About Future Group

Future Group operates some of India’s most popular retail chains including Central, Big Bazaar, Food Bazaar, Home Town and eZone. Apart from its allied businesses in Life and General insurance, the Group is also present in the domain of logistics infrastructure and supply chain and brand development. The group operates over 17 million square feet of retail space in over 90 cities and towns and 60 rural locations across India. The group’s retail formats connect over 300 million customers to over 30,000 small, medium and large enterprises that supply products and services to its retail chains. Future Group believes in developing strong insights on Indian consumers and building businesses based on Indian ideas, as espoused in the group’s core value of ‘Indianness.’ The group’s corporate credo is, ‘Rewrite rules, Retain values’.