Minimum: 18 years
Maximum: 50 years for a Policy Term of 15/17/20 years, 48 years for a Policy Term of 22 years
15 years / 17 years / 20 years and 22 years
5 years / 7 years / 10 years and 12 years
Annual, Half-yearly, Quarterly, Monthly
Minimum: 18,000 for 5 year / 7 year Premium Payment Term
24,000 for 10 year / 12 year Premium Payment Term
Maximum: No Limit
Maximum: No limit
If you have paid all the due premiums as per your policy, you will receive 90% of Sum Assured as Survival Benefits and additional 110% of the Sum Assured as Maturity Benefit.
Let us understand your benefits with the help of an example…
Kumar is a 35 year old businessman, he applied for a Sum Assured of 5,00,000 with a 10 years of Premium Payment Term. He needs to pay 56,805/- (excluding taxes and extra premium, if any) for 10 years.
As per the plan, after Kumar completes paying all his due premiums for 10 years, he will start receiving a guaranteed payout of 10% of the Sum Assured for the next 9 years. Therefore, he will receive 50,000 every year from the end of 11th to the end of 19th year. He will also receive 110% of Sum Assured i.e. 5,50,000 on maturity date.
In case of your unfortunate demise during the Policy Term, the Death Sum Assured will be payable to your nominee. In order to ensure that your family is always adequately protected, the Death Sum Assured shall be highest of the following:
Let us understand the Death Benefit from the previous example:
Kumar, a 30 year old male, has opted for an insurance coverage amount called Sum Assured of 5,00,000. He chooses a premium paying term of 10 years. He pays 56,805 as annual premium (excluding taxes, rider premium, and extra premium if any). Unfortunately, he expires during the 4th policy year. In this case, Kumar's nominee will receive the following Death Benefit:
|Survival Benefits||10% of Sum Assured at the end of every year after the Premium Payment Term, for 9 years.|
|Maturity Benefit||110% of sum assured at the end of Policy Term.|
|Death Benefit||Death Sum Assured will be payable to your nominee. Death Sum Assured shall be highest of the following:
(Age mentioned refers to age as on last birthday)
|Minimum: 18 years
Maximum: 50 years for a Policy Term of 15/17/20 years,
48 years for a Policy Term of 22 years
|Policy Term||15 years / 17 years / 20 years and 22 years|
|Premium Payment Term||5 years for a 15 year Policy Term
7 years for a 17 year Policy Term
10 years for a 20 year Policy Term
12 years for a 22 year Policy Term
|Annualised Premium(minimum)||For a 5 year / 7 year Premium Paying Term:18,000
For a 10 year / 12 year Premium Paying Term: 24,000
There is no maximum premium limit
The minimum premium is exclusive of any service tax, modal factor and extra premium
|Sum Assured||Your Sum Assured will depend on your choice of Policy Term, Premium and your age.
Minimum Sum Assured: 58,215
Maximum Sum Assured: No limit, subject to board approved underwriting policy.
|Premium Payment Frequency||Monthly, quarterly, half yearly and annual payment modes are available under the plan.
• Half yearly Premium- 52% of annual premium.
• Quarterly Premium – 26.5% of annual premium
• Monthly Premium - 8.83% of annual premium.
Monthly premiums can only be paid by Electronic Clearing System (ECS)
Future Generali Assured Money Back Plan (UIN: 133N056V01)