Untitled Document
Get ePolicy
Buy Online

Future Generali New Saral Anand

Future Generali New Saral Anand

  • Age at Entry:

    3 to 50 years

  • Policy Term:

    15 to 20 years

  • Premium Payment Term:

    Equal to the Policy Term

  • Premium Payment Frequency:

    Annual

  • Premium:

    Minimum: Rs 8,000
    Subject to minimum Sum Assured of Rs 1,00,000

    Maximum: No Limit

  • Maturity Age:

    18 to 70 years

  • Minimum Sum Assured:

    Rs 1,00,000

How it Works

Step1Choose the amount of insurance cover you desire under this policy.

 

Step2Choose the term of your policy i.e. decide the number of years for which you wish to pay the premium. You can choose a period between 15 to 20 years.

 

Step3Our Sales Representative will help you calculate your premium and provide you a customised benefit illustration – a detailed break-up of what you pay and what you get.

 

Step4Get ready to enjoy the benefits till you turn 100

 

;

BENEFITS

Maturity Benefit:

Once your policy matures at the end of the Premium Payment Term and if you have paid all your due premiums, you will receive a Lump Sum payout equal to 100% of the Sum Assured plus any declared Compounded Reversionary Bonuses plus any Terminal Bonus, which is called the Maturity Benefit.

Extended Life Cover Benefit:

Your insurance cover will be active till you turn 100. Once you reach 100 years of age, you will receive another Lump Sum payment equal to 100% of your Sum Assured which is called the Extended Cover Payout. What's more, in case of your unfortunate demise after maturity but before you turn 100, your nominee will receive an amount equal to 100% of the Sum Assured.

Let's understand this benefit with the help of an example:

Amit is 35 years old while buying the policy. He has opted for Rs. 1,00,000 Sum Assured for a Premium Payment Term of 15 years. He pays Rs. 8,247 premium (plus service tax) annually for a term of 15 years.

Please note that the above scenario is depicted at assumed investment returns of 4% and 8%. These assumed rates of return are not guaranteed and they are not upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance.

Death Benefit during the Policy Term

Death Benefit in this plan secures your family in case of your unfortunate demise during the Policy Term. The Death Benefit payable shall be higher of:

  • 105% of all the premiums paid as on date of death; or
  • Death Sum Assured + Accrued Compounded Reversionary Bonuses (if any) plus Terminal Bonus (if any)

 

Death Sum Assured is defined as Higher of:

  • Sum Assured
  • 10 times Annualised Premium
  • Maturity Sum Assured, which is equal to sum assured
  • Absolute amount payable on death (which is equal to Sum Assured)
    Note: The premiums above exclude taxes, rider premiums and extra premiums, if any as these are collected separately in addition to the regular premium for this product.

The plan will terminate once the Death Benefit is paid.

Let's understand this benefit with the help of the previous example:

It is assumed that the death occurs in the 2nd policy year. The benefit payable to Amit's nominee(s) will be:

Please note that the above scenario is depicted at assumed investment returns of 4% and 8%. These assumed rates of return are not guaranteed and they are not upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including future investment performance.

Summary of Benefits

Your Benefits
Lump Sum Payout 100% of sum assured + Compounded Reversionary bonuses1 (if any) + Terminal Bonus2 (if any) at end of the Policy Term
Extended Cover Benefit 100% of Sum Assured on turning 100 years or 100% of Sum Assured paid to Nominee in case of death before 100 years

1. Compounded Reversionary Bonus: At the end of each financial year, the Company may declare a bonus expressed as a percentage of the Sum Assured and all previous bonuses declared. The bonus of each year is added to the Sum Assured and the next year's bonus is calculated on the enhanced amount.

2. Terminal Bonus: The Company may declare a discretionary terminal bonus which is payable on death or maturity of the plan.

Suicide Exclusion:

If the Life Assured commits suicide within one year from the plan inception date, 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 plan, 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

Parameter Criterion
Entry Age
(as on last Birthday)
3 years – 50 years
Maturity Age
(as on last Birthday)
18 years - 70 years
Policy Term 15 to 20 years
Premium Payment Term Equal to Policy Term (Regular Premium Payment)
Sum Assured Minimum – Rs 1,00,000
Maximum – No Limit
Premium Payment Frequency Annual
Premium amount Minimum Premium-Rs 8,000 subject to Minimum SA of Rs 1,00,000
Maximum Premium- No Limit

 

RIDERS

You can strengthen your financial security by opting to purchase a suitable rider. A rider is an add-on insurance plan that provides you additional insurance cover along with your regular insurance plan by paying an additional nominal premium.

There are two rider options available under along with this plan.

 

Future Generali Non Linked Accidental Death Rider (UIN: 133B023V01)
This add-on plan provides an additional insurance cover in case of accidental death resulting from an accident. The cover amount will be paid to your family.

Click here to download the sales brochure.

Click here to download the sample Policy Document.

Future Generali Non Linked Accidental Total & Permanent Disability Rider (UIN:133B024V01)
This add-on plan provides an additional insurance cover in case of total and permanent disability resulting from an accident. The cover amount will be paid on confirmation of the total and permanent disability.

Click here to download the sales brochure.

Click here to download the sample Policy Document.

DISCLAIMERS

Future Generali New Saral Anand [UIN: 133N062V01]

  • 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.
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

X