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GUARANTEED INCOME PLANS
In the fast-paced lifestyle of today, even the little luxuries that we enjoy with our family make the loveliest memories. What if you could appreciate these moments without stressing over the related expenses? An extra income stream could make a difference. A savvy investment choice today can go far in ensuring that the lifestyle, you want for your loved ones, would for sure become a reality.
Along with meeting various goals of your dependents and supporting them financially, one important key in leading a stress-free life is having “Certainty in Life”. For instance, having the assurance that your salary will get credited in your account on time or the goals of your loved ones will get fulfilled, or their future will be secure even in your absence. After all, having these certainties can give you much-needed peace of mind. Guaranteed Plans can help you get this reassurance.
Guaranteed Plans recognize your hard work and efforts to provide your dear ones with a comfortable life now and in the future. These life insurance plus savings oriented plans, guarantee returns in the form of a lump sum payout or regular payouts over a period of years.
What is Guaranteed Plan?
A guaranteed plan provides assured benefit to the policyholders. This traditional insurance plan provides life cover, together with guaranteed payouts, if any and maturity benefits, if any. Guaranteed plans, thus, act as a another source of income by providing assured payout(s).
- Any individual between 18 to 60 years of age may buy a guaranteed plan and may avail various advantages that accompany it
- On account of Life Assured’s demise during the policy term, the Death Benefit is paid on to his/her nominee
- The policy terms of guaranteed plans may vary from 10 to 30 years
- The frequency of payouts may be chosen by the policyholder (lump sum, monthly or annual) depending upon the options available under the plan.
A guaranteed plan, thus, helps policyholders to fulfil their goals like funding their dream vacation, saving for their children’s education and securing their family’s future.
What Do You Need to Do Before You Buy Guaranteed Policies?
Things that individuals need to consider before opting for a Guaranteed Policy are:
- What are the returns you are looking at?
- The time period of the payouts and the premium to be paid
- The type of income generation required
The above facts are influenced by the investor’s:
- Present lifestyle
- Earnings
- Future lifestyle they seek
- Tax savings they want
- Risk cover
What Are the Benefits of Guaranteed Plans?
The benefits and options available under a guaranteed plan depends upon the features and benefits of the insurance plan being bought.
How Future Generali’s Guaranteed Plans Work?
Future Generali’s Guaranteed Plans help policyholders create a another source of income, which can be utilized by them to accomplish their goals. The working procedure of these plans is extremely easy to understand. Towards the beginning, policyholders need to choose one of the Future Generali's Guaranteed plan and do the accompanying:
- Choose a sum assured/premium to be paid as per respective plan
- Choose the premium payment term and policy term
- Pay the premium
- At the end of the premium payment or policy coverage period, get ready to receive the guaranteed income payouts as per policy benefits
Therefore, with Future Generali’s Guaranteed Plans you may:
- Secure the future of your dear ones in your absence
- Plan your family’s goals with a lump sum at maturity
- Create a sound source of second income
- Meet significant milestones of your children’s education
- Fund your annual vacations
Why Should Your Prefer Guaranteed Plans?
Enjoy Assured Income
Receive Lump Sum on Maturity
Get Life Cover
Get Additional Protection Through Riders
List of Future Generali Guaranteed Plans
Future Generali Money Back Super Plan - UIN 133N088V02
An Individual, Non-Linked, Non-Participating (Without Profits), Savings, Life Insurance Plan.
This is a non-participating life insurance plan that offers money backs at defined intervals (based on category opted) along with the benefit of life insurance cover.
Reasons to Opt for Future Generali Money Back Super Plan
- Two plan options based on your financial milestones. These options vary by sum assured and the amount of survival benefit payable.
- Enjoy survival benefits during the policy term based on the category chosen within each option
- Added benefit of Guaranteed Additions which get accumulated, from eighth policy year till the end of the policy term
- You can buy this plan up to the age of 60 years
Money Back Super Plan (NON-POS) Money Back Super Plan (POS) SEND AN ADVISOR
What are the benefits of Future Generali Money Back Super Plan ?
Future Generali New Assured Wealth Plan - UIN 133N085V01
Individual, Non-Linked, Non-Participating(Without Profits), Savings, Life Insurance Plan.
This is a guaranteed life insurance plan that offers benefits by way of Guaranteed Additions and Guaranteed Sum Assured on maturity along with life cover.
Reasons to opt Future Generali New Assured Wealth Plan
- 2 flexible options to ensure that you have an ideal cover which is best suited to your savings goals.
- Added benefit of Guaranteed Additions which get accumulated, from eighth policy year till the end of the policy term.
- Get the flexibility to select your Policy Term and Premium Payment Term depending on your needs and fulfill your savings goals.
- You can buy this plan up to the age of 60 years under Option 1
- Tax benefits as per the provisions of Income Tax laws. These benefits are subject to change as per the current tax laws. Please consult your tax advisor for more details
New Assured Wealth Plan (NON-POS) New Assured Wealth Plan (POS) SEND AN ADVISOR
What are the benefits of Future Generali New Assured Wealth Plan ?
Future Generali Term with Return of Premium - UIN 133N068V02
This is an Individual, Non Linked, Non-Participating (Without Profits) Savings Life Insurance Plan.
Reasons to opt for Future Generali Term with Return of Premium
- Two flexible options to choose depending upon your protection needs : Option A: Lump sum Protection or Option B: Income Protection
- Assured return of Premium
- Lower premium rates for female lives
Term with Return of Premium SEND AN ADVISOR
What are the benefits of Future Generali Term with Return of Premium ?
Future Generali Jan Suraksha Plus - UIN 133N060V02
This is an Individual Non-Linked Non-Participating (without profits) Savings Life Insurance Plan.
Reasons to opt for Future Generali Jan Suraksha Plus
- Pay a small one time premium and get a life insurance cover through the term
- Get assured maturity amount which is more than the premium paid
- A hassle free application process
Jan Suraksha Plus SEND AN ADVISOR
What are the benefits of Future Generali Jan Suraksha Plus ?
Future Generali Big Income Multiplier - UIN 133N064V03
This is an Individual, Non Linked, Non-Participating (Without Profits) Savings Life Insurance Plan.
Reasons to opt for Future Generali Term with Return of Premium
- Two flexible options to choose depending upon your protection needs : Option A: Lump sum Protection or Option B: Income Protection
- Assured return of Premium
- Lower premium rates for female lives
Big Income Multiplier (NON-POS) Big Income Multiplier (POS) SEND AN ADVISOR
What are the benefits of Future Generali Big Income Multiplier ?
Future Generali Assured Income Plan - UIN 133N054V04
Individual, Non-Linked, Non-Participating(Without Profits), Savings, Life Insurance Plan
With Future Generali Assured Income Plan, one can choose any of the two policy term options. The benefits are:
- Regular assured annual/ monthly income will begin from the end of the subsequent year from maturity
- An additional benefit ranging from 1 - 4.5 times the annualized premium (depends on life assured's age) will be paid along with the last income payout
The assured income plan also comes with a death cover which helps to ensure that even in your absence, your family leads the lifestyle that you always wanted for them.
What are the benefits of Future Generali Assured Income Plan ?
Future Generali Assured Money Back Plan - UIN 133N056V03
Individual, Non-Linked, Non-Participating(Without Profits), Savings, Life Insurance Plan
Future Generali’ Assured Money Back Plan is a life insurance plan which ensures that your financial security is guaranteed. The plan is designed to provide flexibility to individuals and is a savings option for:
- Fulfilling a milestone
- Retirement planning
- Investing surplus for long term business requirements
Reasons to opt Future Generali Assured Money Back Plan:
- Policyholder can opt for sum assured as per their desire.
- By paying the premium for a short selected period, policyholder can enjoy benefits of life cover and savings for the longer duration
- Policyholder can enjoy guaranteed payouts after the premium payment term
What are the benefits of Future Generali Assured Money Back Plan ?
Future Generali Assured Education Plan - UIN 133N057V02
Individual, Non-Linked, Non-Participating(Without Profits), Savings, Life Insurance Plan
Future Generali’s Assured Education Plan ensures payouts at key educational milestones of a child and offers life insurance cover to the insured individual, who is generally parent. The Assured Education Plan provides adequate funds to sponsor your child’s education, ensuring that his/her education is not compromised even in your absence. Therefore, it acts as an ideal launching pad for your kid’s bright future.
Reasons to opt Future Generali Assured Education Plan:
- This systematic savings plan helps to save until your child turns 17, thus allowing you to pay for his/her graduation or post-graduation fees
- The plan offers flexibility to choose guaranteed payouts through three options
- Availability of loan facility up to 85 percent of the surrender value once the policy has acquired surrender value.
What are the benefits of Future Generali Assured Education Plan ?
Future Generali Assured Wealth Plan - UIN 133N083V02
Individual, Non-Linked, Non-Participating (without profits), Savings, Life Insurance Plan
FUTURE GENERALI Assured Wealth Plan is an individual, Non-Linked, Non-Participating, saving, Life Insurance Plan. The wealth plan offers a dual assurance of capital appreciation and insurance cover under a single policy so that you can secure your life goals financially. FUTURE GENERALI Assured Wealth Plan also offers Guaranteed Additions every year so that you can avail the higher financial safety and security benefits.
Reasons to go for the FUTURE GENERALI Assured Wealth Plan
- Flexible Premium Payment Options
- Guaranteed Additions (as a percentage of the Sum Assured) throughout the Policy Term
- Increasing Death Benefit (annually with the accrual of the Guaranteed Additions) under Option 1
- Lower Rate of Premium for women
What are the benefits of FUTURE GENERALI Assured Wealth Plan?
- Plan Options
Choose between two options of maturity benefit payouts, upon survival, at the culmination of the Policy Term:- Option 1 is a standard Endowment Plan, which offers to pay insurance benefits upon the death of the Life Assured or completion of the Policy tenure
- Option 2 offers to continue providing the Policy benefits, with no further need to pay the premiums, after the demise of the Life Assured (till the end of the Policy tenure)
- Maturity Sum Assured plus Accrued Guaranteed Additions shall be paid where Maturity Sum Assured is equal to Sum Assured
- Death Benefit
In case of the unexpected demise of the Life Assured, the Death Benefit helps secure the family’s financial well-being and future goals.- Option 1
The life assured’s beneficiary/nominee shall receive Death Sum Assured plus Accrued Guaranteed Additions, provided the policy is in-force.
The death benefit shall be highest of the following:- 10 times the Annualised Premium (excluding taxes, rider premiums, underwriting extra premiums and loading for modal premiums, if any), or
- 105% of total premiums paid at the time of the Life Assured’s death (excluding any underwriting extra premium, any rider premium and taxes), or
- Guaranteed Sum Assured on Maturity which is equals to Sum Assured or
- Absolute Death Benefit to be paid on death which is equal to sum assured
- Option 2
Two payouts will be made to the nominee of the Life Assured –- Lumpsum Death Payout (which is equal to Death Sum Assured) will be paid at the time of death The death benefit shall be the highest of the following:
- 10 times the Annualised Premium (excluding taxes, rider premiums, underwriting extra premiums and loading for modal premiums, if any), or
- 105% of total premiums paid at the time of the Life Assured’s death (excluding any underwriting extra premium, any rider premium and taxes), or
- Guaranteed Sum Assured on Maturity (which equals the Sum Assured under the policy), or
- Absolute amount assured to be paid on Life Assured’s death which is equal to sum assured.
- Guaranteed Maturity Sum Assured plus accrued Guaranteed Additions shall be paid at the end of the policy term
- After the death of the insured person, the policy continues while the Insured’s family doesn’t have to pay future premiums, till the end of Policy Term
- The policy continues to accrue Guaranteed Additions after the Life Assured’s death till the end of the policy term
- Lumpsum Death Payout (which is equal to Death Sum Assured) will be paid at the time of death The death benefit shall be the highest of the following:
- Option 1
FREE LOOK CANCELLATION
In case you disagree with any of the terms and conditions of the policy, you can return the policy to the Company within 15 days (30 days if the policy is sold through the Distance Marketing Mode) of the receipt
Please note that Guaranteed incomes/ Guaranteed benefits are subject to policy remaining in force
Future Group’s and Generali Group’s liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited.
First assurance through Guaranteed Additions throughout the Policy Term payable at Maturity and second assurance through Lump Sum Maturity Sum Assured over and above Guaranteed Additions, provided all Due Premiums have been paid.
The Guaranteed Additions are accumulated as a percentage of Sum Assured at a simple rate for each completed Policy Year, subject to payment of all Due Premiums
DISCLAIMER
REGISTERED & CORPORATE OFFICE
Future Generali India Life Insurance Co. Ltd, Unit 801 and 802, 8th floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai – 400083. India IRDAI Registration No: 133. CIN:U66010MH2006PLC165288
BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint
| Product Name | UIN | Product One Liner |
|---|---|---|
| Future Generali New Assured Wealth Plan | 133N085V01 | Individual, Non-Linked, Non-Participating(Without Profits), Savings, Life Insurance Plan. |
| Future Generali Term with Return of Premium | 133N068V02 | This is an Individual, Non Linked, Non-Participating (Without Profits) Savings Life Insurance Plan. |
| Future Generali Jan Suraksha Plus | 133N060V02 | This is an Individual Non-Linked Non-Participating (without profits) Savings Life Insurance Plan. |
| Future Generali Big Income Multiplier | 133N064V03 | This is an Individual, Non Linked, Non-Participating (Without Profits) Savings Life Insurance Plan. |
| Future Generali Assured Income Plan | 133N054V04 | INDIVIDUAL, NON-LINKED, NON-PARTICIPATING(WITHOUT PROFITS), SAVINGS, LIFE INSURANCE PLAN |
| Future Generali Assured Money Back Plan | 133N056V03 | INDIVIDUAL, NON-LINKED, NON-PARTICIPATING(WITHOUT PROFITS), SAVINGS, LIFE INSURANCE PLAN |
| Future Generali Assured Education Plan | 133N057V02 | INDIVIDUAL, NON-LINKED, NON-PARTICIPATING(WITHOUT PROFITS), SAVINGS, LIFE INSURANCE PLAN |
| Future Generali Assured Wealth Plan | 133N083V02 | INDIVIDUAL, NON-LINKED, NON-PARTICIPATING(WITHOUT PROFITS), SAVINGS, LIFE INSURANCE PLAN |
Frequently Asked Questions
What is the premium payment frequency in Guaranteed Plans?
The premium payment frequency is the number of times during the policy year that the policyholder needs to pay premiums. Usually, for guaranteed plans, the premium payment frequency options are the following which may vary as per the product features available under the products:
- Monthly
- Quarterly
- Semi-annual
- Annual
What is the policy term in Guaranteed plans?
The policy term depends on the type of policy chosen. For instance, the policy term under some of Future Generali’s Guaranteed Plans are as follows:
- Future Generali Big Income Multiplier Plan: 14 years
- Future Generali Assured Income Plan: 11 or 15 years
What is the premium payment term in guaranteed plans?
In guaranteed plans, the premium payment term denotes the total number of years the policyholder needs to pay premium. The premium payment term for some of Future Generali's Guaranteed Plans is as follows:
- Future Generali Big Income Multiplier Plan: 12 years
- Future Generali Assured Income Plan: 11 or 15 years
For guaranteed plans, what is the minimum and maximum entry age?
The minimum and maximum age for guaranteed plans is usually 7 and 50 years respectively. However, one should check the entry age under individual plans as the age may differ from product to product.
For guaranteed plans, what is the minimum and maximum maturity age?
The minimum and maximum maturity age for guaranteed income policies is usually 18 and 65 years respectively. Again, it is recommended to check the same under individual plans as it may differ from one product to product.
For more details on risk factors, terms and conditions, please refer to the product brochure and consult your advisor or visit our website before concluding a sale. Riders are not mandatory and are available for an additional cost.