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Future Generali Immediate Annuity Plan

Future Generali Immediate Annuity Plan

  • Age at Entry

    40 to 80 years

  • Minimum Purchase Price

    Rs 30,000/-

  • Policy Coverage

    Lifetime

  • Annuity Mode

    Yearly / Monthly

  • Tax Benifit

    Yes

WHY BUY THIS POLICY?

  • The policy offers you a fixed income for the rest of your life.
  • You have the flexibility to choose a monthly or yearly payout mode.
  • The policy offers an annuity card that ensures convenience in receiving the annuity amount.
  • Option to choose between ‘Life Annuity’ and ‘Life Annuity with return of Purchase Price’.

How it Works

The plan can secure your lifestyle even after you retire. It continues to pay throughout your life. Here are the steps to get the Future Generali Immediate Annuity Plan:

Step1Decide your purchase price
  • Decide the single premium amount that you wish to invest, for receiving a lifelong annuity.
Step2Choose the annuity options
  • Based on your needs, choose between ‘Life Annuity’ or ‘Life Annuity with return of Purchase Price’.
Step3Choose the annuity mode
  • Choose the mode through which you would like to receive the payout under the policy. Your regular annuity  will depend on your age and the purchase price opted for.
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Benefits

  • Life Annuity: You receive a fixed annuity for the rest of your life. In case of your unfortunate demise, the policy terminates.
  • Life Annuity With Return of Purchase Price: You receive a fixed annuity for the rest of your life. In case of your unfortunate demise, the purchase price is paid to the nominee and the policy terminates.
  • Surrender Benefit:There are no Surrender Benefits in this plan.
  • Maturity Benefit: There are no Maturity Benefit in this plan.

Eligibility

Variants OfferedLife Annuity/Life Annuity With Return of Purchase Price Options For Receiving Annuity Amount Direct Credit to Annuity Card Or Post Dated Cheques Purchase Price Minimum: 30,000/- Maximum: No Limit Age at Entry 40 to 80 years
Policy TermTill the Policyholder/Annuitant is Alive Annuity ModeYearly/Monthly

DISCLAIMERS

Future Generali Immediate Annuity Plan (UIN No: 133N006V02)

  • Tax benefits are subject to change as per tax laws.
  • For more details on risk factors, terms and conditions please read the sales brochure and/or sample policy document on our website carefully and/or consult your advisor before concluding the sale.
  • Insurance is the subject matter of solicitation.

 

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.

Copyright © 2016. Future Generali India Life Insurance Company Ltd. All Rights Reserved.

Tax benefits are as per Income Tax Act, 1961, and are subject to modifications made thereto from time to time. Insurance is the subject matter of the solicitation. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.

REGISTERED & CORPORATE OFFICE
Indiabulls Finance Centre, 6th Floor, Tower 3, Senapati Bapat Marg, Elphinstone West Mumbai, Maharashtra
400013 India IRDAI Registration No: 133. Upto 31st March 2018. CIN:U66010MH2006PLC165288
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