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Here are the Future Generali Plans that can give you Section 10(10D) tax benefits

One of the tax benefits of life insurance is that the sum assured including any other add-ons payable to you upon the maturity or surrender of policy is typically not subject to tax. This can help you save tax as per Section 10(10D) of The Income Tax Act 1961, on a term plan as well as ULIP. Here are a few Future Generali India Life Insurance plans with Section 10(10D)tax benefits to invest in:

Future Generali Flexi Online Term Plan – UIN 133N058V04

  • An affordable life insurance plan that provides cover upto 75 years of age
  • Multiple death benefit options to choose from - lump-sum payment, fixed monthly payment, increasing monthly payments as well as the double benefit of a lump sum payout and monthly payment
  • Premiums are affordable, and riders can be added to further enhance coverage, apart from the opportunity to save tax as per Section 10(10D)

Future Generali Big Dreams plan – UIN 133L081V02

  • A Unit Linked Insurance Plan (ULIP) that helps you create wealth, nurture your family’s dreams or retire with financial security
  • No fund allocation or administration charges, along with the added benefit of life cover
  • Receive money monthly to meet your financial goals with the systematic partial withdrawal option
  • Section 10(10D) tax benefits on the fund value received at the end of the policy term

Future Generali Wealth Protect Plan – UIN 133L036V03

  • A ULIP that facilitates wealth generation for your family’s needs by investing across 7 unit linked funds with varying levels of risk that invest in a mix of debt, equity or both
  • Enhanced life cover up to 30 times the yearly premium, depending on the age and choice of the insured along with the addition of riders if needed
  • One of the Future Generali India Life Insurance plans with Section 10(10D) tax benefits on the maturity amount as well as guaranteed loyalty addition (premiums paid without any lapse in any year)
  • Features and flexibility include the choice of switching from one fund to another, redirecting the premium, deciding policy period, and partial withdrawals

Future Generali Dhan Vriddhi – UIN 133L050V03

  • Switch between seven funds as per your risk appetite after you choose your policy period, premium payment tenure and amount.
  • Partial withdrawal allowed after 5 years of policy continuance from the time it was purchased.
  • Save tax as per Section 10(10D) on the fund value payable upon maturity or death benefit as applicable.
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