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Future Generali Triple Anand Advantage

Future Generali Triple Anand Advantage

  • Age at Entry:

    7 to 50 years

  • Policy Term:

    Premium Payment Term + 5 years

  • Premium Payment Term:

    15 or 20 years

  • Premium Payment Frequency:

    Annual, Semi-Annual and Monthly.

  • Premium:

    Minimum: Rs 15,000

    Maximum: No Limit

  • Maturity Age:

    27 years – 75 years

  • Minimum Sum Assured:

    Rs 2,00,000

How it Works

Step1Choose the benefit amount, i.e. the Sum Assured
  • Choose the amount of insurance cover you desire under this policy.
Step2Choose the period of cover
  • Choose the term of your policy i.e. decide the number of years for which you wish to pay the premium i.e. 15 years or 20 years
Step3Receive and review the benefit illustration for your requirements
  • Our sales representative will help you calculate your premium and provide you a customised benefit illustration.
Step4Pay the premium
  • Get ready to enjoy triple benefits till you turn 80.
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BENEFITS

Survival Benefit:

If you have paid all your premiums till the completion of the Premium Payment Term, you will receive 5 annual payouts equal to 10% of your Sum Assured which is called the Survival Benefit. These payouts will begin at the end of the same year in which you paid your last premium.

Maturity Benefit:

Once your policy matures, which is 5 years after your premium payment term, you will receive a lump sum payout equal to 50% of the Sum Assured plus any declared Compounded Reversionary bonuses plus any Terminal Bonus, which is called the Maturity Benefit.

Extended Life Cover:

Your insurance cover will be active till you turn 80. Once you reach 80 years of age, you will receive another lump sum payment equal to 100% of your Sum Assured which is called Extended Cover Payout

What's more, In case of your unfortunate demise after maturity but before you turn 80 years, your nominee will receive 100% of your Sum Assured.

Let's understand your benefits with the help of an example:

Amit is 30 years old while buying the policy. He has opted for Rs 10,00,000 Sum Assured for a premium payment term of 20 years. He pays Rs 65,250 annual premium (plus service tax) for a term of 20 years.

As per the above example, Amit will get the following Triple Benefits:

Please Note: Benefits illustrated at 8% and 4% gross rate of return includes non-guaranteed bonuses.

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(excluding taxes, rider premiums and extra premiums, if any) as on date of death; or
  • Death Sum Assured + Accrued Compounded Reversionary Bonuses (if any) plus Terminal Bonus(if any)
The Death Sum Assured will be the highest of:
  • Sum Assured
  • 10 times Annualised Premium
  • Maturity Sum Assured
  • Absolute amount payable on Death (which is equal to Sum Assured)

The above Death Benefit shall be payable irrespective of any survival benefits paid earlier
The plan terminates after paying the death benefit to the family.

Let's understand the Death 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 nominees will be:

In case of death after the Policy Term but before reaching age 80 years, Sum Assured is paid to your Nominee

Your Benefits 15 Year PPT 20 Year PPT
Regular Payouts 10% of Sum Assured every year from end of 15th year till end of 19th policy year. 10% of Sum Assured every year from end of 20th year till end of 24th year
Lump Sum Payout 50% of Sum Assured + Compounded Reversionary bonuses1 (if any) + Terminal Bonus2(if any) at end of 20th year 50% of Sum Assured + Compounded Reversionary bonuses1 (if any) + Terminal Bonus (if any) at end of 25th year
Extended Cover Benefit 100% of Sum Assured on turning 80 years or
100% of Sum Assured paid to nominee in case of death before 80 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.

Eligibility

Parameter Criterion
Entry Age (as on last Birthday) 7 to 50 years
Please note, we will undertake the risk on your policy from the policy commencement date.
Maturity Age 27 years – 75 years
Policy Term Premium Payment Term + 5 years
Premium Payment Term 15 or 20 years
Minimum Sum Assured Rs2,00,000
Premium Payment Frequency Annual, Semi-Annual and Monthly.
Premium Minimum: Rs 15,000
Maximum: No limit

 

DISCLAIMERS

Future Generali Triple Anand Advantage Plan [UIN: 133N055V01]

    • 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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