Pay your premium online
Other payment options
Human Life Value Calculator
Premium Calculator / Benefit Illustration
(Meeting a child plan specialist is purely voluntary and insurer does not offer any cashback for the same)
7 to 50 years
Premium Payment Term + 5 years
15 or 20 years
Annual, Semi-Annual and Monthly.
Minimum: 15,000
Maximum: No Limit
27 years – 75 years
2,00,000
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:
The Death Sum Assured will be the highest of: |
|
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
Your Benefits | 15 Year PPT | 20 Year PPT |
Regular Payouts | 10% of Sum Assured every year from end of 15th year till end of 19th policy year. | 10% of Sum Assured every year from end of 20th year till end of 24th year |
Lump Sum Payout | 50% of Sum Assured + Compounded Reversionary bonuses1 (if any) + Terminal Bonus2(if any) at end of 20th year | 50% of Sum Assured + Compounded Reversionary bonuses1 (if any) + Terminal Bonus (if any) at end of 25th year |
Extended Cover Benefit | 100% of Sum Assured on turning 80 years or 100% of Sum Assured paid to nominee in case of death before 80 years |
1. Compounded Reversionary Bonus: At the end of each financial year the Company may declare a bonus expressed as a percentage of the Sum Assured and all previous bonuses declared. The bonus of each year is added to the Sum Assured and the next year's bonus is calculated on the enhanced amount. |
2. Terminal Bonus: The Company may declare a discretionary terminal bonus which is payable on death or maturity of the plan. |
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
excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any
Parameter | Criterion |
Entry Age (as on last Birthday) | 7 to 50 years Please note, we will undertake the risk on your policy from the policy commencement date. |
Maturity Age | 27 years – 75 years |
Policy Term | Premium Payment Term + 5 years |
Premium Payment Term | 15 or 20 years |
Minimum Sum Assured | ![]() |
Premium Payment Frequency | Annual, Semi-Annual and Monthly. |
Premium | Minimum: ![]() Maximum: No limit |
Future Generali Triple Anand Advantage Plan [UIN: 133N055V02]
FREE LOOK CANCELLATION:
You have a period of 15 days (30 days if the policy is sold through Distance Marketing Mode) from the date of receipt of the Policy document to review the terms and conditions of the Policy. If you are not satisfied with or disagree with any of the terms and conditions, you have the option to Cancel/withdraw and return the Policy along with a letter (dated and signed) stating your intention to cancel the Policy and reasons for the objections/Cancellation, within this period. Cancellation of Policy and refund of premium is allowed under this provision, whereby the amount payable on such cancellation will be equal to the total premium paid less a proportionate cost of insurance for the period of cover and expenses towards Policy stamp duty and medical examination, if any.
If the policy is opted through Insurance Repository (IR), the computation of the said Free Look Period will be as stated below:-
For existing e-Insurance Account: Computation of the said Free Look Period will commence from the date of delivery of the e mail confirming the credit of the Insurance Policy by the IR.
For New e-Insurance Account: If an application for e-Insurance Account accompanies the proposal for insurance, the date of receipt of the ‘welcome kit’ from the IR with the credentials to log on to the e-Insurance Account(e IA) or the delivery date of the email confirming the grant of access to the eIA or the delivery date of the email confirming the credit of the Insurance Policy by the IR to the eIA, whichever is later shall be reckoned for the purpose of computation of the Free Look Period.
The fine print in a policy can come in the way of making an informed purchase. We’ve simplified the fine print into big print.
Read the terms and conditions carefully. Ensure that your current health, occupation or lifestyle habits do not exclude you from getting the policy benefits.
Do's and don’ts to protect your life insurance policy from unauthorised elements posing as company representatives.
Find out how prepared you are to meet your financial goals, with our FutureReady calculator.
Buying a life insurance policy without asking your advisor the right questions is as good as crossing a road blindfolded.