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Future Generali Term with Return of Premium
Future Generali Term with Return of Premium
Your Modal Premium
(including GST)
The premium amount reflecting above is based on the details that you have entered.
Rates are for standard and healthy life and actual rates may differ depending on assessment of the proposal post underwriting. Please refer to the benefit illustration for detailed quote.
How to calculate premium for
Future Generali Term with Return of Premium?
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Enter your details like name and date of birth
Confirm your gender and smoking habits
Select the premium payment term from the given options
Choose the payout option
Select the policy term
Select the desired sum assured
Select the premium payment mode
How does Future Generali Term with Return of Premium plan work?
Our sales representative will help you:
Choose the insurance cover amount
Decide the premium payment term
Review your customised benefit illustration
Why buy Future Generali Term with Return of Premium plan?
The plan is suitable for individuals who are looking for:
- It allows two options for your protection needs (Lump sum and income protection)
- It provides flexibility of choosing period of protection and premium payment
- Lower premium for female lives
Maturity Benefit
In Lumpsum protection
In Income Protection
Death Benefit
Tax Benefit
Maturity Benefit
Maturity Benefit will be provided as per your chosen option, on survival, at the end of the Policy Term
In Lumpsum protection
Guaranteed Maturity Sum Assured that is equal to 100% of total premiums payable will be payable
In Income Protection
Guaranteed Maturity Sum Assured which is equal to 115% of total premiums payable will be provided
Death Benefit
In case of unfortunate demise of Life Assured, during the Policy Term, the nominee shall receive Death Sum Assured, it will be highest of
- 10 times Annualised Premium
- 105% of total premiums paid as on date of death
- Guaranteed Maturity Sum Assured; or
- Absolute amount assured to be paid on death, which is equal to Sum Assured
Tax Benefit
Yes, up to Rs. 1,50,000 under Section 80C and Maturity Benefit under Section 10(10D)
How to select the right benefit amount in Future Generali Term with Return of Premium plan?
The sum assured should at least be 10 to 15 times your annual income. Additionally, you may calculate the sum assured considering the following factors:
How to decide the investment and maturity tenure in Future Generali Term with Return of Premium plan?
The following parameters would help you decide:
| Parameter | Criterion |
|---|---|
| Entry Age | 18 to 55 years |
| Maturity Age | 28 years – 75 years |
| Policy Term | 10 years - 35 years |
| Premium Payment Term | 10 years - 15 years |
| Minimum Sum Assured | Rs. 2,00,000 |
| Premium Payment Frequency | Yearly, Half Yearly, Quarterly & Monthly |
| Premium | Minimum: Rs. 10,000 (applicable only for income protection) Maximum: No limit |