The term plan that's
more than just a term plan.
This is Non-Linked, Non-Participating (without profits), Term Life Insurance PlanSEND AN ADVISOR
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Life can be unpredictable. It can surprise everyone once in a while. The question then is how prepared are we for the uncertainties of life?
We may not be able to predict the future, but we can plan in time and secure the future of our loved ones. Protection Solution can now be tailored according to your preferences and choices. With Future Generali’s Express Term Life Plan you can secure your family’s lifestyle, today and tomorrow.
Three reasons why you should buy this plan:
Provides lump sum benefit on death or terminal illness, whichever happens earlier. In case of Accidental Total and Permanent Disability (ATPD), all future premiums under the policy are waived off.
In addition to the benefits under Option 1: Life Cover, this option also provides an additional lump sum benefit in case of death due to accident.
In addition to the benefits under Option 1: Life Cover, this option also provides Critical Illness Benefit, if the Life Assured is diagnosed with or undergoes any one procedure out of the listed 34 Critical Illnesses.
In addition to the benefits under Option 1: Life Cover, this option providesi) An additional lump sum benefit in case of death due to accidentii) Critical Illness Benefit, if the Life Assured is diagnosed with /undergoes any one procedure out of the listed 34 Critical Illnesses.
You may be eligible for availing tax benefits under Section 80 C, Section 80 D and proviso to Section 10 (10 D) of the Income Tax Act, 1961. These benefits are subject to change as per the prevailing tax laws
The plan gives you the flexibility to choose the period of protection and the period of premium payment (minimum policy term and premium payment term of 5 years).
(Life Cover with Accidental Death Benefit)
(Life Cover with Accidental Death Benefit)
(Life Cover with Accidental Death Benefit and Accelerated Critical Illness Benefit)
The Death Sum Assured shall be the highest of the following:
There are no maturity benefits under this plan.
|Entry Age and Maturity Age (as on last birthday)|
|Plan Option||Option 1||Option 2||Option 3||Option 4|
|Min Entry Age (as on last birthday)||18 years||18 years||18 years||18 years|
|Max Entry Age (as on last birthday)||65 years||65 years||65 years||65 years|
|Min Maturity Age||23 years||23 years||23 years||23 years|
|Max Maturity Age||85 years||85 years||80 years||80 years|
Minimum - 25 Lacs
Maximum – No Limit (Subject to Underwriting by the Company)
|Accidental Death Sum Assured||
Minimum - 5 Lacs
Maximum– Sum Assured (Subject to Underwriting by the Company)
|Critical Illness Sum Assured||
Minimum - 5 Lacs
Maximum– 50% of Sum Assured or Rs. 1 Crore, whichever is lower (Subject to Underwriting Policy of the Company)
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 of the policy document for cancellation, stating your objections. Future Generali will refund the premium paid after the deduction of proportionate risk premium for the period of cover, stamp duty charges and the cost of medical examination, if any.
Note: Distance Marketing means insurance solicitation/lead generation by way of telephone calling/ Short Messaging Service (SMS)/other electronic modes like e-mail, internet & Interactive Television (DTH)/direct mail/ newspaper and magazine inserts or any other means of communication other than that in person.
If the Policy is opted through an Insurance Repository (IR), the computation of the said Free Look Period will be as stated below:-
You get a grace period of 30 days for Yearly, Half yearly and Quarterly Premium Payment Frequency and 15 days for Monthly Premium Payment Frequency from the due date, to pay your missed premium. During these days, you will continue to be covered and be entitled to receive all the benefits subject to the deduction of due premiums.
The premium(s) paid by you may be eligible for tax benefit as may be available under the provisions of Section(s) 80C, 80D of the Income Tax Act, 1961 (Act) and the benefit proceeds are eligible for exemption under proviso to Section 10 (10D) of Act , subject to fulfilment of prescribed conditions under the aforesaid section of the Act.
For further details, consult your tax advisor. Tax benefits are subject to change from time to time.
Exclusion under Death Benefit
If the Life Assured’s death arises directly or indirectly through or in consequence of suicide within 12 months:
ATPD due to accident should not be caused by the following:
No benefit will be payable with respect to any condition arising directly or indirectly from, through or in consequence of the following exclusions:
No critical illness benefit will be payable with respect to any listed critical illness condition arising directly or indirectly from, though, in consequence of or aggravated by any of the following:
Pre-Existing Disease: Pre-Existing means any condition, ailment or injury or related condition(s) for which the Life Assured had signs or symptoms, and/or were diagnosed, and/or for which medical advice/treatment was received within 48 months prior to the first policy issued by the Company and renewed continuously thereafter. Any investigation or treatment for any Illness, disorder, complication or ailment arising out of or connected with the pre-existing Illness shall be considered part of that preexisting illness.
No Critical Illness benefits shall be payable for any condition(s) which is a direct or indirect result of any pre-existing conditions unless Life Insured has disclosed the same at the time of proposal or date of reinstatement whichever is later and the Company has accepted the same.
For the customers who want to buy a tax saving, term insurance plan which provides high level of protection at affordable rates
UIN : 133L082V01
Tax benefits are subject to change in law from time to time. You are advised to consult your tax consultant
locations with presence in major cities across India
individual death claims settled for FY 2017-18
policies sold since inception
worth of Assets Under Management
Figures as on 31st March 2018