Future Generali Total Insurance Solutions
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Future Generali Linked Accidental Total & Permanent Disability Rider

Life is full of surprises and sometimes unexpected events like accidents can disrupt your financial plans. That’s why we bring you the Future Generali Linked Accidental Total & Permanent Disability Rider – an extra layer of protection you can add to your policy. This is specially designed to support you and your family financially in case of accidental disability. With this added protection, you can secure you and your family’s future and stay prepared for life’s uncertainties, giving you greater peace of mind.

Why go for the Future Generali Linked Accidental Death Benefit Rider ?

  1. Flexibility to pay premiums as per your convenience – Single, Limited and Regular payments
  2. Option to select Rider either at inception or at policy anniversary
  3. Flexibility to receive Rider Sum Assured as lump sum benefit, income for the income period chosen and a combination of both
  4. Option to get your Premiums back with Return of Premium (ROP) option.

RIDER SUMMARY

Feature Details
Min/Max Entry Age Minimum
18 years of age (age on last birthday)
Maximum
As per base plan, subject to maximum 65 years of age (as on last birthday)
Min/Max Maturity Age Maximum
As per base plan, subject to maximum 80 years of age (as on last birthday)
Premium Paying Frequency Yearly, Half-Yearly, Quarterly and Monthly
Premium Payment Option Regular, Limited and Single pay
Rider Sum Assured Minimum
Under Single pay – Rs.1 lakh
Under Limited pay and Regular pay – Rs.5 lakh
Maximum
3 times of the Sum Assured under the base policy
Rider Term Minimum
Under ROP option – 10 years
Under without ROP option – 5 years
Maximum
As per base policy term or maximum maturity age of 80 years, whichever is lower
Premium Paying Term Minimum
Single premium – 1 year
Limited premium – 5 years
Regular premium – as per policy term
Maximum
Single premium – 1 year
Limited premium – 30 years, subject to maximum of premium paying term of base policy
Regular premium – as per policy term
Annualized Premium As per Sum Assured

WHAT ARE YOUR BENEFITS?

I.Accidental Total & Permanent Disability (ATPD) Benefit:

In case of an unfortunate event of accident, in which the life assured suffers from total or permanent disability to such an extent that the life assured cannot perform 3 out of 6 daily life activities (mentioned below) without continuous assistance from another person during the rider term, the Accidental Total & Permanent Disability Rider Sum Assured is paid.

In order to receive Accidental Total & Permanent Disability benefit, the life assured has to be deemed disable by a suitable Medical Practitioner (appointed by the Company) and the disability should persist continuously for a period of at least 180 days from the occurrence of the Accident.

  • i. An “Accident” means sudden, unforeseen and involuntary event caused by external, visible and violent means.
  • ii. “Injury” means accidental physical bodily harm excluding any Illness or disease, solely and directly caused by an external, violent, visible and evident means which is verified and certified by a Medical Practitioner.
  • iii. “Medical Practitioner” means a person who holds a valid registration from the Medical Council of any State or Medical Council of India or Council for Indian Medicine or for Homeopathy set up by the Government of India or a State Government and is thereby entitled to practice medicine within its jurisdiction; and is acting within the scope and jurisdiction of his license; but excluding the Physician who is:
    • (a) Insured/Policyholder himself or an agent of the Insured
    • (b) Insurance Agent, business partner(s) or employer/employee of the Insured or
    • (c) A member of the Insured's immediate family.
  • iv. The activities of daily living are:
    • (a) Washing; the ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash satisfactorily by other means,
    • (b) Dressing: the ability to put on, take off, secure, and unfasten all garments and, as appropriate, any braces, artificial limbs, or other surgical appliances,
    • (c) Transferring: the ability to move from a bed to an upright chair or wheelchair and vice versa,
    • (d) Mobility: the ability to move indoors from room to room on level surfaces,
    • (e) Continence: the ability to control bowel and bladder function so as to maintain a satisfactory level of personal hygiene,
    • (f) Feeding: the ability to feed oneself once food has been prepared and made available.
  • The Policyholder has following options to receive Rider Sum Assured:
    • Lump sum benefit- Rider Sum Assured will be payable as lump sum.
    • Income for the income period chosen (from 2 to 10 years) - The income will be paid starting from the date of occurrence of insured event at a frequency (Yearly / Half Yearly / Quarterly / Monthly) and for the income period chosen. The payment frequency can’t be changed once the regular income commences.
    • Combination of lump sum and income for the income period chosen (from 2 to 10 years)

The default option to receive Rider Sum Assured is lump-sum benefit. The Policyholder can change it to any of the options during the Rider Term but before the occurrence of insured event.

The rider will terminate on payment of complete Rider Sum Assured.

II.Maturity Benefit:
  • ROP option - The Policyholder will get Total Premiums Paid (excluding any extra premium and taxes, if collected explicitly) upon maturity, if there was no Rider claim made during the Rider Term.
  • Without ROP option – No Maturity Benefit shall be payable.

LITTLE PRIVILEGES JUST FOR YOU

Free Look Period

Same as base policy.

Premium payment mode

Premium can be paid in Single premium, Yearly, Half-yearly, Quarterly or Monthly modes which shall be same as the base policy.

Flexibility for change in sum assured

The Policyholder may increase/decrease Rider Sum Assured within the range of minimum eligibility criteria and up to maximum of three (3) times the Sum Assured allowed under the Base Policy and further subject to IRDAI regulations, 2024, as amended from time to time. Any increase/decrease in Rider Sum Assured can only be done on the Policy Anniversary of the Base Policy.

Return of Premium (ROP) option

Under ROP option, the Policyholder will get Total Premiums Paid (excluding any extra premium and taxes, if collected explicitly) upon maturity, if there was no Rider claim made during the Rider Term.

Grace Period

Grace Period means the time granted by the insurer from the due date for the payment of premium, without any penalty or late fees, during which time the Policy is considered to be In- force with the risk cover without any interruption, as per the terms & conditions of the Policy. The Grace Period for payment of the premium for all types of life insurance policies shall be fifteen (15) days, where the Policyholder pays the premium on a monthly basis and thirty (30) days in all other cases.

Double benefit

The benefit payable will be doubled if the death due to accident occurs under any of the following circumstances:

  • While the Insured is riding as a fare paying passenger on commercially licensed public land transportation over an established route such as a bus, tram or train. A taxi or any form of transport chartered for private travel is excluded.
  • While the Insured is in an elevator car (elevators in mines, rigs and on construction sites excluded) duly certified to carry passengers; or
  • As a direct result of the burning of the following public buildings only: theatre, cinema, public auditorium, hotel, school and hospital.
  • When the Insured is on a commercial passenger airline on a regular scheduled passenger trip over its established passenger route.

The benefit will be payable if the accident occurs within the Ride Term even if the death occurs beyond the Rider Term (however within 180 days of the accident).

Free Look Period

Same as base policy.

Alteration
  • (a) Rider can be attached to the base plan at inception or at any policy anniversary of the base plan as per the Rider Terms and Conditions.
  • (b) Rider will automatically get surrendered if the base plan is surrendered and Surrender Value, if any shall be payable.
  • (c) The Policyholder may increase/decrease Rider Sum Assured within the range of minimum eligibility criteria and up to maximum of three (3) times the Sum Assured allowed under the Base Policy and further subject to IRDAI regulations, 2024, as amended from time to time.

TERMS AND CONDITIONS

Non Payment of Due Premium

Lapse:

Regular / Limited Pay:

  • i.Regular / Limited Pay:
    (a)If all due Rider premiums for the first Policy year has not been paid in full within the Grace Period, the Rider shall lapse and will have no value.
    (b)All risk cover ceases while the Rider is in lapsed status.
    (c)The Policyholder has the option to revive a lapsed Rider within three (3) years (along with Base Policy) from the due date of first unpaid premium. (d)In case the Rider is not revived during the Revival Period, no benefit shall be payable at the end of Revival Period and the Rider will terminate thereafter.
  • Single Pay:
    Not Applicable

Survival Benefit payable, shall also stop once the policy is in Lapsed status.

The policyholder has the option to revive a lapsed policy within five (5) years from the due date of the first unpaid premium.

In case the policy is not revived during the revival period, no benefit shall be payable at the end of the revival period and the policy stands terminated thereafter.

Paid-Up:
  • i.ROP option:
    (a)If after the receipt of due instalment premiums for first (1) or more Policy years in full, any subsequent instalment premium remains unpaid upon the expiry of the Grace Period, this Policy will be converted into a reduced paid-up Policy.
    (b)If this Policy is converted into a reduced paid-up Policy, Rider Sum Assured and Maturity Benefit will be reduced in proportion to the number of premiums paid to the number of premiums payable under the Policy and shall be payable in the manner set out in the Death Benefit and Maturity Benefit provisions.
    (c)Paid up Maturity Benefit = (Number of Rider premiums paid / Total number of Rider premiums payable) * Maturity Benefit. (d)Paid up Death Benefit = (Number of Rider premiums paid / Total number of Rider premiums payable) * Rider Sum Assured
  • ii.Without ROP option:
    Not Applicable
Revival:

Regular / Limited Pay:

  • (a)Revival Period means the period of three (3) consecutive years from the due date of first unpaid Rider premium during which period the Policyholder is entitled to revive the Rider which was discontinued due to the non-payment of premium.
  • (b)Revival of a Rider cannot be done once the Rider Term is over.
  • (c)The Revival will be considered on receipt of application from the Policyholder along with the proof of continued insurability of Life Assured and on payment of all overdue Rider premiums with interest, if any. The Company, however, reserves the right to accept at original terms, accept with modified terms or decline the Revival of a discontinued Rider. The Revival of the discontinued Rider shall take effect only after the same is approved by the Company and is specifically communicated to the Policyholder.
  • (d)The interest rate applicable on Revival should be the same as that applicable in the Base Policy.

Single Pay: Not Applicable

Surrender:

You may Surrender this Rider at any time within the Rider Term. Upon Surrender, you will be eligible for Surrender Value, if any, as per the provisions given under this clause.

The Rider acquires a Surrender Value after completion of first Policy year provided one full year premium has been received. Once this Rider has acquired a Surrender Value, the Rider or the reduced paid-up Rider may be Surrendered during the Rider Term and We will pay You the Surrender Value.

  • The Surrender Value on this Rider shall be the Special Surrender Value or the Guaranteed Surrender Value, whichever is higher, as defined below.

    1. Guaranteed Surrender Value (GSV):

      Without ROP option:
      Not Applicable

      With ROP option:
      GSV factor x Total Premiums Paid (excluding loading for modal premiums and discount)

      GSV factors for regular premium and limited premium:

      Interpolation between (Rider Term 7) to (Rider Term - 1)
      Policy Year GSV rates
      10%
      230%
      335%
      4 to 750%
      8 to (Rider Term - 2)0%
      (Rider Term - 1)90%
      Rider Term90%

      GSV factors for single premium:

      Interpolation between (Rider Term 7) to (Rider Term - 1)
      Policy Year GSV rates
      175%
      275%
      375%
      4 to (Rider Term - 2)Interpolation between (Rider Term 3) to (Rider Term - 1)
      8 to (Rider Term - 2)0%
      (Rider Term - 1)90%
      Rider Term90%
    2. Special Surrender Value (SSV):

      The Rider acquires a Special Surrender Value immediately after the Rider is issued in case of single pay and after completion of first Policy year provided one full year premium has been received in case of limited & regular pay.

      Without ROP option:
      Regular pay - No benefit is payable Single / Limited pay - 75% * (Total Premiums Paid) * (1 – Rider premium paying term / Rider Term) * (Balance Rider Term / Rider Term).

      With ROP option:
      SSV Factor for Maturity Benefit* Paid up Maturity Benefit+ SSV Factor for ADB * Paid up Rider Sum Assured

      Special Surrender Value (SSV) shall be based on the Company’s expectation of future financial and demographic conditions and may be reviewed annually by the Company in accordance with the applicable IRDAI regulations in this behalf.

Vesting of the Policy in Case of Policies Issued to Minor Lives

The policy vests on the life assured on the policy anniversary coinciding with or immediately following the 18th birthday of the life assured. In case of death of Policyholder, while the Life Assured is a minor, the surviving parent/ legal guardian may be appointed as a new Policyholder. In case the policy is in paid-up status or upon non-payment of future premiums, Paid Up or Lapse provisions as mentioned above shall apply.

Nomination and Assignment

Same as base policy

The Rider Sum Assured is payable subject to following conditions:

  • i. The policy shall have to be in force at the time of accident irrespective of whether or not it is in force at the time of death.
  • ii. The death occurs within 180 days of the date of accident due to such injury as stated above, solely, directly and independently of all other causes of death.

Exclusions

No benefits under this rider will be payable if death occurs from, or is caused by, either directly or indirectly, voluntarily or involuntarily due to or caused, occasioned, accelerated or aggravated by, any one of the following:

  • i. Intentional self-inflicted injury, attempted suicide, while sane or insane;
  • ii. Insured person being under the influence of drugs, alcohol, narcotics or psychotropic substances unless taken in accordance with the lawful directions and prescription of a Doctor;
  • iii. War, invasion, act of foreign enemy, hostilities (whether war be declared or not), armed or unarmed truce, civil war, mutiny, rebellion, revolution, insurrection, military or usurped power, riot or civil commotion, strikes;
  • iv. Taking part in any naval, military or air force operation during peace time or during service in any police, paramilitary or any similar organization.
  • v. Participation by the insured person in any flying activity, except as a bona fide, fare- paying passenger of a recognized airline or Pilots and cabin crew of a commercial airline, on regular routes and on a scheduled timetable;
  • vi. Participation by the insured person in a criminal or unlawful act with illegal or criminal intent;
  • vii. Engaging in or taking part in professional sport(s) or any hazardous pursuits, including but not limited to, diving or riding or any kind of race; underwater activities involving the use of breathing apparatus or not; martial arts; hunting; mountaineering; parachuting; bungee jumping;
  • viii. Nuclear Contamination; the radio-active, explosive or hazardous nature of nuclear fuel materials or property contaminated by nuclear fuel materials or accident arising from such nature.
  • ix. Any other exclusion that forms a part of policy document will also apply.
  • x. Suicide Exclusion
    In case of death due to suicide within 12 months from the date of commencement of risk under the rider or from the date of revival of the rider, as applicable, the nominee or beneficiary of the Policyholder shall be entitled to at least 80% of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force.
Grievance Redressal Processes

In case you have any grievances on the solicitation process, the product sold, or any of the policy servicing matters, you may approach the company in one of the following ways:

  • (a) Calling the Customer helpline number 1800-102-2355 for assistance and guidance
  • (b) Emailing at care@futuregenerali.in
  • (c) You may also visit us at the nearest Branch Office. Branch locator - https://life.futuregenerali.in/branch-locator/
  • (d) Senior citizens may write to us at the following ID: senior.citizens@futuregenerali.in for priority assistance
  • (e) You may write to us at:
    Customer Services Department
    Future Generali India Insurance Co. Ltd,
    Unit 801 and 802, 8th floor, Tower C,
    Embassy 247 Park, L.B.S Marg, Vikhroli (W)
    Mumbai – 400083

We will provide a resolution at the earliest. For further details please access the link: https://life.futuregenerali.in/customer-service/grievance-redressal-procedure

Prohibition on rebates:
Section 41 of the Insurance Act 1938 as amended from time to time states:
  1. No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer.
  2. Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakh rupees.
Fraud and Misstatement
Section 45 of the Insurance Act 1938, as amended from time to time, states:
  1. No policy of Life Insurance shall be called in question on any ground whatsoever after the expiry of 3 years from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later.
  2. A policy of Life Insurance may be called in question at any time within 3 years from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later, on the ground of fraud.

For further information, Section 45 of the Insurance Laws (Amendment) Act, 2015 may be referred.

Why choose us?

Future Generali India Life Insurance Company Limited offers an extensive range of life insurance products, and a distribution network that ensures we are close to you wherever you go.

At the heart of our ambition is the promise to be a lifetime partner to our customers. And with the help of technology, we are making the shift from not only offering protection to our customers but also providing personalized services to them.

It starts with our extensive agent base which is at the core of this transformation. Through our distribution network, we ensure that there is always a caring touch while servicing the individual needs of our customers. With this philosophy, we aim to make simplicity, innovation, empathy and care synonymous with our brand - Future Generali India Life Insurance Company Limited.

Disclaimer

This Product is not available for online sale.Life Coverage is included in this Product. 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. If you have any request, grievance, complaint or feedback, you may reach out to us at care@futuregenerali.in For further details please access the link: https://life.futuregenerali.in/customer-service/grievance-redressal-procedure. 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 India Life Insurance Co. Ltd. (IRDAI Regn. No. 133), CIN: U66010MH2006PLC165288, Regd. and Corporate Office address: Unit 801 and 802, 8th floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai – 400 083 | Email: care@futuregenerali.in | Call us at 1800-102-2355 | Website: life.futuregenerali.in | Fax: 022-40976600 | UIN: 133A055V01

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