Untitled Document
  •  
  • 1800-102-2355
  • Contact Us
  • Pay your
    Premium
    Pay your Premium

    Pay your premium online


    Other payment options

  • CALCULATORS
    Calculator

    Human Life Value Calculator

    Future Ready Calculator

    Premium Calculator / Benefit Illustration

    Future Ready Calculator


  • Send an
    Advisor
    Send an Advisor

    *City
    Click to Change image
Get ePolicy
Buy Life Insurance Online

Future Generali Assured Money Back PlanThis is a Non-Linked Non-Participating Money Back Plan.

Future Generali Assured Money Back PlanThis is a Non-Linked Non-Participating Money Back Plan.

  • Age at Entry:

    Minimum: 18 years

    Maximum: 55 years

  • Policy Term:

    Option A: 15, 17, 20 & 22 years

    Option B: 10, 12, 15 & 17 years

  • Premium Payment Term: Option A

    Policy Term less 10 years. i.e. 5, 7, 10 & 12 years for Policy Term of 15, 17, 20 & 22 years respectively

  • Premium Payment Term: Option B

    Policy Term less 5 years. i.e. 5, 7, 10 & 12 years for Policy Term of 10, 12, 15 & 17 years respectively

  • Annualized Premium(minimum)

    Minimum: Rs 18,000

    Maximum: No limit

  • Minimum Sum Assured

    Option A – Rs. 58,215*

    Option B - Rs. 49,425*

  • Premium Payment Frequency

    Monthly, Quarterly, Half yearly and Annual

WHY BUY THIS POLICY?

2 Plan options to choose from

Depending on your needs, you can opt to receive survival benefits as per the following options, however, premium will vary depending upon the choice of option:

OPTION A

Receive 10% of Sum Assured every year for 9 years and 110% of Sum Assured on Maturity

OPTION B

Receive 10% of Sum Assured every year for 4 years and 160% of Sum Assured on Maturity


Limited Premium Payment Term

Choose to pay premiums for 5, 7, 10 or 12 years considering you future financial requirement and liabilities

Life Cover

You get an insurance coverage. This means, in case of your unfortunate demise, your nominee will receive the insurance coverage amount called the Death Sum Assured

Tax Benefits

Under section 80 C and 10 (10 D) may be available as applicable. Tax Benefits are subject to change in law from time to time

How it Works

Step1Choose the amount of insurance cover
  • Choose the Sum Assured amount you desire under this policy
Step2Choose the period of cover
  • Choose the term of your policy i.e. decide the number of years for which you wish to pay the premium i.e. 5/7/10 or 12 years
Step3Receive and review the benefit illustration for your requirements
  • Our sales representative will help you calculate your premium and provide you a customized benefit illustration.
Step4Pay the premium

Get ready to receive assured money backs after the completion of your premium payment period.

;

BENEFITS

Let us illustrate the benefits with an example
Kumar, a 30 year old male, has opted for a Sum Assured of Rs 5,00,000. He chooses premium paying term of 10 years. He will have to pays Rs. 56,805# (excluding taxes, rider premium, and extra premium if any) as annual premium if he chooses Option A and Rs.67,864# (excluding taxes, rider premium, and extra premium if any) as annual premium if he chooses Option B. He will receive a total benefit of Rs. 10,00,000 during the policy term, subject to his survival till the end of Policy Term.

# Goods and Services Tax of 4.5% in the first year and 2.25% in the subsequent years will be applicable over and above this premium

 

Survival and Maturity Benefit

Option A

If Kumar has paid all his due premiums, he will receive 90% of Sum Assured as Survival Benefits and additional 110% of the Sum Assured as Maturity Benefit.

Let us explain how…

As per the plan, after Kumar completes paying all his due premiums for 10 years, he will start receiving assured payout of 10% of the Sum Assured as survival benefit for the next 9 years. Therefore, he will receive Rs 50,000 every year from the end of the 11th year to the end of the 19th year. He will also receive 110% of Sum Assured which is Rs 5,50,000 on maturity date

Option B

If Kumar has paid all his due premiums, he will receive 40% of Sum Assured as Survival Benefits and additional 160% of the Sum Assured as Maturity Benefit.

Let us explain how…

As per the plan, after Kumar completes paying all his due premiums for 10 years, he will start receiving assured payout of 10% of the Sum Assured as survival benefit for the next 4 years. Therefore, he will receive Rs 50,000 every year from the end of the 11th year to the end of the 14th year. He will also receive 160% of Sum Assured which is, Rs 8,00,000, on maturity date

Death Benefit

In case of your unfortunate demise during the policy term, the Death Sum Assured will be payable to your nominee. In order to ensure that your family is always adequately protected, the Death Sum Assured shall be highest of the following:

  • 10 times Annualised Premium (excluding taxes and extra premiums, if any) , or
  • 105% of total premiums paid (excluding taxes and extra premiums, if any) as on date of death or
  • Maturity Sum Assured which is equal to 110% of Sum Assured for option A or 160% of
    Sum Assured for Option B.
  • Absolute amount assured to be paid on death which is equal to the Sum Assured

Continuing the same example from above:

Kumar, a 30 year old male, has opted for a Sum Assured of Rs 5,00,000. He chooses Plan Option A and a premium paying term of 10 years. He pays Rs. 56,805# as annual premium (excluding taxes, rider premium, and extra premium if any). Unfortunately, he expires during the 4th policy year. In this case, Kumar’s nominee will receive the following Death Benefit:

 

# Goods and Services Tax of 4.5% in the first year and 2.25% in the subsequent years will be applicable over and above this premium

 

Summary of Benefits

Your Benefits
Survival Benefits 10% of sum assured at the end of every year after the Premium Payment Term, for 9 years for Option A and 4 years for Option B.
Maturity Benefit 110% of sum assured for Option A and 160% of sum assured for Option B at the end of Policy Term.
Death Benefit Death Sum Assured will be payable to your nominee. Death Sum Assured shall be highest of the following:
i. 10 times Annualised Premium (excluding taxes and extra premiums, if any) , or
ii. 105% of total premiums paid (excluding taxes and extra premiums, if any) as on date of death or
iii. 110% of Sum Assured for option A or 160% of Sum Assured for Option B.
iv. Absolute amount assumed to be paid on death which is equal to the Sum Assured.

EXCLUSIONS

Suicide Exclusion: If the Life Assured commits suicide within one year from the policy inception date, the policy will be void and only 80% of the premiums paid will be payable as Death Benefits. If the Life Assured commits suicide within one year from the revival date of the policy, if revived, the higher of, 80% of the premiums paid till the date of death and Surrender Value, will be payable as Death Benefits.

Eligibility

Plan Summary
Parameter Parameter Criterion
Entry Age
(Age mentioned refers to age as on last birthday)
Minimum: 18 years
Minimum: 55 years
Policy Term • Option A: 15, 17, 20 & 22 years
• Option B: 10, 12, 15 & 17 years
Premium Payment Term Option A:
Policy Term less 10 years. i.e. 5, 7, 10 & 12 years for Policy Term of 15, 17, 20 & 22 years respectively

Option B:
Policy Term less 5 years. i.e. 5, 7, 10 & 12 years for Policy Term of 10, 12, 15 & 17 years respectively]
Annualized Premium(minimum) Minimum: Rs 18,000
Maximum: No limit
The minimum premium is exclusive of any taxes, modal factor and extra premium
Sum Assured Your Sum Assured will depend on your choice of Policy Term, Premium and your age. Minimum Sum Assured:
Option A – Rs. 58,215*
Option B - Rs. 49,425*
Maximum Sum Assured: No limit, subject to board approved underwriting policy.
Premium Payment Frequency Monthly, quarterly, half yearly and Annual Premium Payment Modes are available under the plan.
• Half-yearly Premium- 52% of annual premium.
• Quarterly Premium – 26.5% of annual premium
• Monthly Premium - 8.83% of annual premium. Monthly premiums can only be paid by Electronic Clearing System (ECS)

 

* Goods and Services Tax of 4.5% in the first year and 2.25% in the subsequent years will be applicable over and above this premium

DISCLAIMERS

Future Generali Assured Income Plan (UIN: 133N056V02)

  • The Sales Brochure is consistent with the product features filed with the Authority.
  • Tax benefits are subject to change in law from time to time. You are advised to consult your tax consultant
  • Insurance is the subject matter of the solicitation.
\
X