Future Generali Total Insurance Solutions

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  1. Future Generali New Assured Wealth Plan (Non POS variant) (UIN: 133N085V01)

    Individual, Non-Linked, Non-Participating, Savings, Life Insurance Plan

    The example is of 30-years old non-smoker man who has purchased the Future Generali New Assured Wealth Plan – Option 1. He has opted for an monthly premium(excluding the applicable taxes, rider premiums and underwriting extra premiums, if any) of ₹ 6,000 for a Premium Payment Term of 10 years and Policy Term of 20 years. His Sum Assured is ₹ 6,79,500. The Maturity Value at the end of the Policy Term will be ₹ 15,19,560.

    Tax Free- Subject to qualifying conditions as specified under provisions defined under Section 10(10D) of Income Tax Act 1961, as amended from time to time.

    For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant. Future Group’s and Generali Group’s liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited.

  2. Future Generali Money Back Super Plan (NON-POS Variant) (UIN: 133N088V02)

    An Individual, Non-Linked, Non-Participating (without profits), Savings, Life Insurance Plan.

    The example is of 30-years old non-smoker man who has purchased the Future Generali Money Back Super Plan – Option 1 and Category – Silver. He has opted for an monthly premium (excluding the applicable taxes, rider premiums and underwriting extra premiums, if any) of ₹ 5,000 for a Premium Payment Term of 20 years and Policy Term of 20 years. His Sum Assured is ₹ 5,66,251. The Maturity Value at the end of the Policy Term will be ₹ 10,83,222. The maturity benefit includes accrued guaranteed addition1 of ₹ 39,767 p.a. (from the 8th policy year to 20th policy year). In addition, survival benefit of ₹ 62,288 p.a. will be given from the 10th policy year to 19th policy year.

    Tax Free- Subject to qualifying conditions as specified under provisions defined under Section 10(10D) of Income Tax Act 1961, as amended from time to time.

    The Guaranteed Additions are accumulated as a percentage of Sum Assured at a simple rate starting from the end of 8th policy year till the end of policy term, subject to payment of all due premiums.

    For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant. Future Group’s and Generali Group’s liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited.

  3. Future Generali Cancer Protect Plan (UIN: 133N063V03)

    This is an Individual, Non-Linked, Non-Participating (without profits), Pure Risk Premium, Health Insurance Plan.

    The example is of 30-years non-smoker man who has purchased the Future Generali Cancer Protect Plan – Option 1 (Lump Sum Cover). He has opted for an annual pay (including the applicable taxes) of ₹ 671 p.a., for a Premium Payment Term of 10 years and Policy Term of 10 years. His Sum Assured is ₹ 10,00,000.

    For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant. Future Group’s and Generali Group’s liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited.

  4. Future Generali New Assured Wealth Plan (Non POS variant) (UIN: 133N085V01)

    Individual, Non-Linked, Non-Participating, Savings, Life Insurance Plan

    The example is of 30-years old non-smoker man who is a resident individual. He falls under the highest tax slab rate of 31.20% (including cess excluding surcharge) having income less than Rs 50 lakhs. He has opted for old tax regime.

    He has purchased the Future Generali New Assured Wealth Plan – Option 1. He has opted for an annual premium (excluding the applicable taxes, rider premiums and underwriting extra premiums, if any) of ₹ 1,50,000 p.a., for a Premium Payment Term of 10 years and Policy Term of 20 years. His Sum Assured is ₹ 15,00,000. The Maturity Value at the end of the Policy Term will be ₹ 34,16,850.

    Hence, he will receive a tax benefit of ₹ 48,600 for annual premium of ₹ 1,50,000 p.a., under Section 80C of the Income Tax Act.

    The tax benefit calculation assumes he is eligible to claim full premium paid by him under Section 80C i.e., he does not have any other investment/instrument to claim under Section 80C that exceeds the total deduction beyond ₹ 1.50 lakhs.

    The Tax benefits under the policy are subject to provisions mentioned under Section 80C, Section 80D, Section 10(10D), Section115BAC and other Sections of the Income Tax Act, 1961.

    For detailed information on this plan including risk factors, exclusions, terms and conditions etc. Please refer to the policy document and consult your advisor, or, visit our website (life.futuregenerali.in) before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant. Future Group’s and Generali Group’s liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited.

  5. The information provided herein is generic in nature and solely for educational purposes. Before investing in any financial product, readers are advised to exercise caution and to seek independent professional advice. The use of this information does not imply any liability on the part of Future Generali India Life Insurance.

  6. The information provided herein is generic in nature. I expressly authorize a Future Generali India Life Insurance representative to contact me. This will override registry on National Customer Preference Register (NCPR/NDNC). I understand that my details shall be used by the Company strictly in accordance with the terms of the Privacy Policy.

    Before investing in any financial product, readers are advised to exercise caution and to seek independent professional advice. The use of this information does not imply any liability on the part of Future Generali India Life Insurance Company Private Limited.

  7. Future Generali Care Plus (UIN:133N030V05)

    Individual, Non-Linked, Non-Participating (without profits), Pure Risk Premium, Life Insurance Plan

    Future Generali Care Plus

    Policy term

    Life cover/ Sum Assured

    Annual Premium in Rs. (excluding taxes)

    Age 25

    45

    1 Cr.

    8,554

    Age 30

    40

    1 Cr.

    10,965

    Age 35

    35

    1 Cr.

    14,779

    The example is of Male non-smoker who has purchased the Future Generali Care Plus Plan – Option 1 Life cover. He has opted for Regular Pay Options. Premium Payment Term same as Policy Term.

    • At age 30 you are paying 28.18% more premium compared to at Age 25
    • At age 35 you are paying 34.78% more premium compared to at Age 30
    • At age 35 you are paying 72.77% more premium compared to at Age 25

    Tax Free- Subject to qualifying conditions as specified under provisions defined under Section 10(10D) of Income Tax Act 1961, as amended from time to time.

    For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant. Future Group’s and Generali Group’s liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited.

    The information provided herein is generic in nature and solely for educational purposes. Before investing in any financial product, readers are advised to exercise caution and to seek independent professional advice. The use of this information does not imply any liability on the part of Future Generali India Life Insurance Company Ltd.

  8. Future Generali Assured Education Plan (UIN: 133N057V02)

    Individual, Non-Linked, Non-Participating, Savings, Life Insurance Plan

    The example is of 30-years old non-smoker man who has purchased the Future Generali Assured Education Plan. He has opted for a monthly premium (instalment premium without GST) of ₹ 8295 for a Premium Payment Term of 15 years and Policy Term of 15 years. His Sum Assured is ₹ 20,00,000. The Maturity Value at the end of the Policy Term will be ₹ 20,00,000.

    The principal loan amount is ₹ 20,00,000. The education loan interest rate per annum is at 8%. The loan tenure is 15 years. Interest Amount is ₹ 14,40,348. The total amount payable is ₹ 34,40,348. (This take from Axis bank education loan calculator).

    For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant. Future Group’s and Generali Group’s liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited.

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  10. Future Generali Bima Advantage Plus (UIN: 133L049V03)

    Individual, Unit Linked, Non-Participating (without profits), Life Insurance Plan

    In this policy, the investment risk in the investment portfolio is borne by the policyholder. This is a unit linked insurance plan. The linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year.

    The example is of 30-years old non-smoker man who has purchased the Future Generali Bima Advantage Plus plan. He has opted for a monthly premium of ₹ 15,100 for a Premium Payment Term of 25 years and Policy Term of 25 years. His Sum Assured is ₹ 18,12,000. At the end of the policy term, maturity benefit received is ₹ 1,00,35,777 at 8% and ₹ 57,78,308 at 4%.

    For more details on risk factors, terms and conditions please read sales brochure before concluding a sale.

    Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant.

    The information provided herein is generic in nature and solely for educational purposes. Before investing in any financial product, readers are advised to exercise caution and to seek independent professional advice. The use of this information does not imply any liability on the part of Future Generali India Life Insurance Company Ltd.

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  13. Future Generali Bima Advantage Plus (UIN: 133L049V03)

    Individual, Unit Linked, Non-Participating (without profits), Life Insurance Plan

    In this policy, the investment risk in the investment portfolio is borne by the policyholder. This is a unit linked insurance plan. The linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year.

    • The example is of 30-years old non-smoker man who has purchased the Future Generali Bima Advantage Plus plan. He has opted for a monthly premium of ₹ 8,000 for a Premium Payment Term of 25 years and Policy Term of 25 years. His Sum Assured is ₹ 18,12,000. At the end of the policy term, maturity benefit received is ₹ 52,63,214 at 8% and ₹ 30,27,655 at 4%.
    • The example is of 30-years old non-smoker man who has purchased the Future Generali Bima Advantage Plus plan. He has opted for a monthly premium of ₹ 11,000 for a Premium Payment Term of 25 years and Policy Term of 25 years. His Sum Assured is ₹ 18,12,000. At the end of the policy term, maturity benefit received is ₹ 72,84,034 at 8% and ₹ 41,94,056 at 4%.
    • The example is of 30-years old non-smoker man who has purchased the Future Generali Bima Advantage Plus plan. He has opted for a monthly premium of ₹ 15,100 for a Premium Payment Term of 25 years and Policy Term of 25 years. His Sum Assured is ₹ 18,12,000. At the end of the policy term, maturity benefit received is ₹ 1,00,35,777 at 8% and ₹ 57,78,308 at 4%

    For more details on risk factors, terms and conditions please read sales brochure before concluding a sale.

    Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant.

    The information provided herein is generic in nature and solely for educational purposes. Before investing in any financial product, readers are advised to exercise caution and to seek independent professional advice. The use of this information does not imply any liability on the part of Future Generali India Life Insurance Company Ltd.

  14. Future Generali Bima Advantage Plus (UIN: 133L049V03)

    Individual, Unit Linked, Non-Participating (without profi¬ts), Life Insurance Plan

    In this policy, the investment risk in the investment portfolio is borne by the policyholder. This is a unit linked insurance plan. The linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year.

    The example is of 30-years old non-smoker man who has purchased the Future Generali Bima Advantage Plus plan. He has opted for a monthly premium of ₹ 15,100 for a Premium Payment Term of 25 years and Policy Term of 25 years. His Sum Assured is ₹ 18,12,000. At the end of the policy term, maturity benefit received is ₹ 1,00,35,777 at 8% and ₹ 57,78,308 at 4%

    Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant.

    For more details on risk factors, terms and conditions please read sales brochure before concluding a sale.

    The information provided herein is generic in nature and solely for educational purposes. Before investing in any financial product, readers are advised to exercise caution and to seek independent professional advice. The use of this information does not imply any liability on the part of Future Generali India Life Insurance Company Ltd.

  15. Future Generali Long Term Income Plan (UIN: 133N090V01)

    Individual, Non-Linked, Non-Participating (without profi¬ts), Savings, Life Insurance Plan

    The example is of 30-years old non-smoker man who has purchased the Future Generali Long Term Income Plan. He has opted for a monthly premium of ₹ 20,000 for a Premium Payment Term of 10 years and Policy Term of 50 years. He has opted for Option 1 with Deferred Income Option. His Sum Assured is ₹ 22,65,010.

    If he pays all the due premiums and survives throughout the policy term, he is entitled to receive total benefits (Survival Benefit + Maturity Benefit) of ₹ 1,15,15,025 as explained below:

    • Survival Benefit - Starting the end of the 6th policy year he will receive a Yearly guaranteed income of ₹ 51,741. He will also receive Income loyalty addition that will enhance your guaranteed income every year starting from 11th policy year.
    • Maturity Benefit - Upon survival up to the end of policy term he will receive ₹ 45,30,020 which includes Maturity loyalty addition.

    Guarantee is subject to payment of all due premiums

    For more details on risk factors, terms and conditions please read sales brochure before concluding a sale.

    Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant.

    The information provided herein is generic in nature and solely for educational purposes. Before investing in any financial product, readers are advised to exercise caution and to seek independent professional advice. The use of this information does not imply any liability on the part of Future Generali India Life Insurance Company Ltd.

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  17. Future Generali New Assured Wealth Plan (Non POS variant) (UIN: 133N085V01)

    Individual, Non-Linked, Non-Participating, Savings, Life Insurance Plan

    The example is of 43-years old non-smoker man who has purchased the Future Generali New Assured Wealth Plan – Option 1. He has opted for an monthly premium (excluding the applicable taxes, rider premiums and underwriting extra premiums, if any) of ₹ 8,830 for a Premium Payment Term of 10 years and Policy Term of 12 years. His Sum Assured is ₹ 10,00,500. The Maturity Value at the end of the Policy Term will be ₹ 13,68,500.

    Tax Free- Subject to qualifying conditions as specified under provisions defined under Section 10(10D) of Income Tax Act 1961, as amended from time to time.

    For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant. Future Group’s and Generali Group’s liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited.

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  19. Future Generali Care Plus (UIN:133N030V05)

    Individual, Non-Linked, Non-Participating (without profits), Pure Risk Premium, Life Insurance Plan

    The example is of 18-years old non-smoker man who has purchased the Future Generali Care Plus plan – Option 1 Life Cover. He has opted for a Regular Pay Option - Monthly premium (including GST) of ₹ 618 for a Premium Payment Term of 40 years and Policy Term of 40 years. His Sum Assured is ₹ 1,00,00,000. In case of an unfortunate event of death of the life assured during the policy term, the nominee will be paid a lumpsum of ₹ 1,00,00,000.

    Tax Free- Subject to qualifying conditions as specified under provisions defined under Section 10(10D) of Income Tax Act 1961, as amended from time to time.

    For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant. Future Group’s and Generali Group’s liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited.

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  21. Disclaimer

    Future Generali Care Plus (UIN:133N030V05) (Box 1)

    Individual, Non-Linked, Non-Participating (without profits), Pure Risk Premium, Life Insurance Plan

    The example is of 18-years old non-smoker man who has purchased the Future Generali Care Plus plan – Option 1 Life Cover. He has opted for a Regular Pay Option - Monthly premium of ₹ 524 (excluding taxes) for a Premium Payment Term of 40 years and Policy Term of 40 years. His Sum Assured is ₹ 1,00,00,000. In case of an unfortunate event of death of the life assured during the policy term, the nominee will be paid a lumpsum of ₹ 1,00,00,000.

    Tax Free- Subject to qualifying conditions as specified under provisions defined under Section 10(10D) of Income Tax Act 1961, as amended from time to time.

    For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant. Future Group’s and Generali Group’s liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited.

     

    Future Generali Long Term Income Plan (UIN: 133N090V01) (Box 2)

    Individual, Non-Linked, Non-Participating (without profits), Savings, Life Insurance Plan

    Rahul is a 35-year-old healthy man and has purchased Future Generali Long-Term Income Plan - Option 1 with Deferred Income option.

    • He has opted for an Annualized Premium (excluding applicable taxes, rider premiums, loadings for modal premium and underwriting extra premiums, if any) of Rs 1,00,000 for a Premium Payment Term of 10 years - hence the total premium paid in 10 years is Rs 10,00,000.
    • The Policy Term is of 50 years and Yearly Survival Benefi­t payout frequency.
    • His Sum Assured will be Rs 10,00,000 and his Guaranteed Income will be Rs 22,684 per annum. On payment of all due premiums and upon his survival on the payout due dates, Rahul will receive:
      • If he pays all the due premiums and survives throughout the policy term, he is entitled to receive total benefits (Survival Benefit + Maturity Benefit) of ₹ 50,62,305 as explained below:
        • Survival Benefit - Starting the end of the 6th policy year he will receive a Yearly guaranteed income. He will also receive Income loyalty addition that will enhance your guaranteed income every year starting from 11th policy year. Hence, the total Survival Benefits is 30,62,305
        • Maturity Benefit - Upon survival up to the end of policy term he will receive ₹ 20,00,000 which includes Maturity loyalty addition.

    Guarantee is subject to payment of all due premiums

    For more details on risk factors, terms and conditions please read sales brochure before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant.

    The information provided herein is generic in nature and solely for educational purposes. Before investing in any financial product, readers are advised to exercise caution and to seek independent professional advice. The use of this information does not imply any liability on the part of Future Generali India Life Insurance Company Ltd.

     

    Future Generali New Assured Wealth Plan (Non POS variant) (UIN: 133N085V01) (Box 3)

    Individual, Non-Linked, Non-Participating, Savings, Life Insurance Plan

    The example is of 30-years old non-smoker man who has purchased the Future Generali New Assured Wealth Plan – Option 1. He has opted for an monthly premium(excluding the applicable taxes, rider premiums and underwriting extra premiums, if any) of ₹ 6,000 for a Premium Payment Term of 10 years and Policy Term of 20 years. Hence, the total premium paid by him in 10 years is Rs 7,20,000. His Sum Assured is ₹ 6,79,500. The Maturity Value at the end of the Policy Term will be ₹ 15,19,560.

    Tax Free- Subject to qualifying conditions as specified under provisions defined under Section 10(10D) of Income Tax Act 1961, as amended from time to time.

    For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant. Future Group’s and Generali Group’s liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited.

    Please add below disclaimer as well Future Generali India Life Insurance Company Limited (IRDAI Regn. No.: 133) (CIN:U66010MH2006PLC165288). Regd. Office & Corporate Office address: Unit 801 and 802, 8th floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai - 400083 Fax: 022-40976600 Email: carefuturegenerali.in Call us at 1800 102 2355 Website: life.futuregenerali.in