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Future Generali Assure Plus

Future Generali Assure Plus

Assure Plus Plan
  • Age at Entry

    3 to 55 years

  • Policy Term

    15/ 20/ 25 years

  • Premium Payment

    Limited

  • Premium Payment Frequency

    Yearly/ Half-Yearly/ Quarterly/ Monthly

  • Minimum Premium

    Rs 12,000/- per annum

  • Maturity Benefit

    Sum Assured plus accrued bonuses and Terminal Bonus (if any)

  • Death Benefit

    Higher of Death Sum Assured plus Accrued Bonuses and Terminal Bonus (if any) or 105% of the total premium paid till date of death

  • High Sum Assured Discount

    Yes

  • Tax Benefit

    Yes

  • Bonus

    Yes

WHY BUY THIS POLICY?

  • The plan offers multiple term options to suit your needs. Based on your financial goals, you have the flexibility of paying for a limited period and staying invested for a longer period to reap higher benefits.
  • Get the potential upside on your investments through compounded reversionary bonuses throughout the Policy Term.
  • The policy offers you a life insurance cover that gives your family a lump sum amount as well as the vested bonuses and terminal bonus (if any) in the policy.

How it Works

Step1Choose the benefit amount, i.e. the Sum Assured
  • Choose the Sum Assured. Depending on Sum Assured you may get discounts on the premium payable.
Step2Choose the period of cover
  • Select the Policy Term and premium payment term.
Step3Receive and review the 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

Maturity Benefit:

In case the Life Assured survives till the end of the Policy Term, provided all due premiums have been paid, the Sum Assured plus accrued bonus and Terminal Bonus, (if any) will be payable. The policy terminates on the payment of Maturity Benefit.

Death Benefit:

In case of an unfortunate demise of the Life Assured during the Policy Term, provided all due premiums have been paid till the date of death, the benefit payable to the nominee is the higher of:

  1. Death Sum Assured plus vested bonus plus Terminal Bonus, if any.
  2. 105% of total premiums paid (excluding service tax, extra premiums, if any).

Where Death Sum Assured is higher of:

  • Sum Assured, or
  • 10 times the annualized premium if age of the Life Assured is less than 45 years or 7 times the annualized premium if age of the Life Assured is greater than or equal to 45 years

EXCLUSION

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 paid 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 3 to 55 years Age at Maturity18 to 70 years Policy Term 15/20/25 years Minimum Premium 12,000/- per annum
Minimum Sum Assured1 Lakh
Maximum Sum Assured 5 Crore
Premium Payment Term(PPT): PPT: 7/ 10/ 12 for 15 years Policy Term
PPT: 10/ 12/ 15/ 17 for a 20 year Policy Term
PPT: 12/ 15/ 17/ 20 for a 25 year Policy Term

 

DISCLAIMERS

Future Generali Assure Plus (UIN: 133N052V01)

  • Tax benefits are subject to change as per tax laws.
  • For more details on the risk factors and the 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.
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

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

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