Future Generali India Life Insurance Company Ltd introduces Future Generali Lifetime Partner Plan

Mumbai, 27 January 2021: Future Generali India Life Insurance Company Limited (FGILI), announced the launch of its latest offering, Future Generali Lifetime Partner Plan. The product is a traditional Participating whole life insurance plan with the following key features:

• Two options to choose from basis customer need-
• Option 1: Immediate Income – pays a guaranteed income along with cash bonus, if declared, from very first year.
• Option 2: Deferred Income – pays a guaranteed income along with cash bonus, if declared, from premium payment term plus 3 year
• Guaranteed Income increases gradually and is payable for a defined period depending upon the option chosen
• Enjoy whole-life cover till 100 years of age and secure your family’s financial future against the uncertainties of life
• Flexibility to receive income – in yearly, half-yearly, quarterly or monthly frequency as per need and change the same with changing needs.
• Tax benefits available as per prevailing tax rules

Key Highlights of Future Generali Lifetime Partner Plan

• Regular income for whole of your life, up to age 100.
• Provides an increasing guaranteed income in addition to annual cash bonus, if declared. The guaranteed income duration and amount depends upon the plan option chosen.
• Potential upside on the income through cash bonuses (if declared) – Cash Bonus has been declared for the immediate income option which will be payable till next bonus declaration.
• Can be bought as an alternate source of income, retirement income and regular income for lifetime
• Tax free income as per current tax laws for standard policies

Announcing the launch of Future Generali Assured Wealth Plan, Rakesh Wadhwa, Chief Customer and Marketing Officer, Future Generali India Life Insurance Company Limited, said, “True to its name, the plan provides you income to support your regular and planned expenses for whole life. Our breakthrough feature of immediate and increasing income helps you meet your retirement needs without having to worry about inflation. In addition to providing guaranteed increasing Income, plan also offers a non-guaranteed annual cash bonus to the policy holders.

We believe insurance is a long-term financial savings instrument and with coverage of up to age 100, flexible premium payment terms, liquidity options, guaranteed and non-guaranteed benefits, this plan adequately addresses multiple life stage needs of our customers.”

*Refer to annexure below for eligibility parameters