Future GeneraliPearls Guarantee

Future GeneraliPearls Guarantee

  • Premium Payment Term:

    Limited

  • Survival/ Maturity Benefit:

    Guaranteed Cash Back after premium payment term, up to maturity

  • Death Benefit:

    Higher of 120% of Sum Assured or 10 times Annualized Premium or 105% of total premium paid till date of death

  • Guaranteed Returns:

    Yes

  • Age at Entry:

    7 to 55 years

  • Policy Term:

    16 or 18 years

  • Minimum Premium:

    Rs 10,000/- per annum

  • Premium Payment Mode:

    Yearly/ Half-Yearly/ Quarterly/ Monthly

  • High Sum Assured Discount:

    Yes

  • Tax Benefit:

    Yes

WHY BUY THIS POLICY?

  • You pay for a limited period and receive guaranteed paybacks after the end of the premium payment term.
  • Nominees receive 120% of the Sum Assured in case of the death of the Life Assured.
  • You get tax benefits under this plan.

HOW IT WORKS

The Future Generali Pearls Guarantee Plan is a guaranteed benefit plan that offers you a life cover and Survival plus Maturity Benefit. In the unfortunate event of your demise the plan provides a lump sum amount to your nominee.

Step1Choose your benefit amount, i.e. the Sum Assured
  • Decide the Sum Assured under the policy. Depending on the same, you may get discounts on the premium amount.
Step2Choose your Policy Term and premium payment term
  • Based on your financial plan and cash flows, choose the period for which you need the cover.
Step3Receive a benefit illustration for your requirements
  • Based on the Sum Assured, your age, the premium payment term, and the Policy Term, you receive a standard benefit illustration along with the premium payable.
Step4Pay the premium
  • Fill up the proposal form and pay the premium.
;

BENEFITS

Survival/ Maturity Benefits:

In case of survival of Life Assured during the Policy Term, Guaranteed * Cash Backs as percentage of Sum Assured are paid after premium payment term till maturity, provided all due premiums have been paid.

Bima-guarantee-graphic.jpg

End of the Year Policy Term 16 years
11 10%
12 10%
13 10%
14 10%
15 10%
At Maturity 70%
Total 120% of Sum Assured


End of the Year Policy Term 18 years
13 10%
14 10%
15 10%
16 10%
17 10%
At Maturity 70%
Total 120% of Sum Assured

Death Benefits:

Within Premium Payment Term
In an In Force policy Higher of:
    • 120% of Sum Assured, or

    • 10 times the annualised premium, or

  • 105% of the total premiums paid (excluding service tax and extra premiums) till date of death
After Premium Payment Term
In an In Force Policy Higher of:
    • 120% of Sum Assured, irrespective of Guaranteed* Cash Back already paid, or

    • 10 times the annualised premium, or

  • 105% of the total premiums paid (excluding service tax and extra premiums, if any) till date of death

* Conditions Apply

EXCLUSIONS

Suicide Exclusion: If the Life Assured commits suicide within one year from the policy commencement date, the policy will be void and only 80% of the premiums will be payable as Death Benefit. If the Life Assured commits suicide within one year from the revival date of the policy, if revived, the higher of, 80% of the premiums paid till the date of death and Surrender Value will be payable as Death Benefit.

Eligibility

Age at Entry
Age at Maturity
Minimum Premium Policy Term = Premium Payment Term + 6 Years
7 to 55 years 23 to 73 years 10,000/- per annum
    • 18 years Policy Term has 12 years premium payment term

  • 16 years Policy Term has 10 years premium payment term

 

DISCLAIMERS

Future Generali Pearls Guarantee product (UIN: 133N047V01)

  • 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.

Life Insurance Made Simple

Copyright © 2015. 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 IRDA clarifies to public that IRDA or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.

REGISTERED & CORPORATE OFFICE

Future Generali India Life Insurance Co. Ltd, Indiabulls Finance Centre, Tower 3,6th Floor, Senapati Bapat Marg, Elphinstone(W), Mumbai-400013. IRDA Registration No: 133. CIN:U66010MH2006PLC165288

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