Future Generali Triple Anand Advantage

Survival Benefit:

If you have paid all your premiums till the completion of the Premium Payment Term, you will receive 5 annual payouts equal to 10% of your Sum Assured which is called the Survival Benefit. These payouts will begin at the end of the same year in which you paid your last premium.

Maturity Benefit:

Once your policy matures, which is 5 years after your premium payment term, you will receive a lump sum payout equal to 50% of the Sum Assured plus any declared Compounded Reversionary bonuses plus any Terminal Bonus, which is called the Maturity Benefit.

Extended Life Cover:

Your insurance cover will be active till you turn 80. Once you reach 80 years of age, you will receive another lump sum payment equal to 100% of your Sum Assured which is called Extended Cover Payout

What's more, In case of your unfortunate demise after maturity but before you turn 80 years, your nominee will receive 100% of your Sum Assured.

Let's understand your benefits with the help of an example:

Amit is 30 years old while buying the policy. He has opted for 10,00,000 Sum Assured for a premium payment term of 20 years. He pays 65,250 annual premium (excluding applicable taxes) for a term of 20 years.

As per the above example, Amit will get the following Triple Benefits:

Please Note:  Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your life insurance company. These assumed rates of return 8% and 4%, are not guaranteed and they are not upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance.

Death Benefit during the Policy Term:

Death Benefit in this plan secures your family in case of your unfortunate demise during the policy term.The Death Benefit payable shall be higher of:

• 105% of all the premiums paid(excluding taxes, rider premiums and extra premiums, if any) as on date of death; or
• Death Sum Assured + Accrued Compounded Reversionary Bonuses (if any) plus Terminal Bonus(if any)

The above Death Benefit shall be payable irrespective of any survival benefits paid earlier
The plan terminates after paying the death benefit to the family.

Let's understand the Death Benefit with the help of the previous example. It is assumed that the death occurs in the 2nd policy year. The benefit payable to Amit's nominees will be:

Please Note: Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your life insurance company. These assumed rates of return 8% and 4%, are not guaranteed and they are not upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance.

In case of death after the Policy Term but before reaching age 80 years, Sum Assured is paid to your Nominee

Target Group
For the customers who are looking for tax saving life insurance plan that offers triple benefits of Money backs, Lumpsum benefit alongwith potential upside through bonuses and cover till 80 years of age, all in one plan