Future Invest is a Unit-linked insurance plan (Ulip) for a fixed term of 10 years where you have to pay premiums for only 5 years. This is a market-linked plan which invests the premiums paid by you towards building your fund. Future Invest is a Ulip with ZERO Premium Allocation charges.
You pay premium for 5 years and the plan continues for 10 years. On maturity you get back the fund value. You also get the option to keep the corpus invested for up to 5 years after maturity.
Death Benefit – There are 2 Options to choose from – Option A and Option B. In case of an unfortunate death of the life insured during the 10 year of Policy Benefit period, the nomine gets the money as per the details below.
In Option A: Higher of Sum Assured (net of partial withdrawals, made within 12 months prior to death of the life insured) OR the Policy Fund Value at that point in time is payable.
In Option B: Sum Assured + Fund Value
Maturity Benefit – The Fund Value as on maturity date is payable
Income Tax Benefit - Premiums paid towards Life Insurance policies up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80C. Maturity amounts are also exempt from tax as per Sec 10(10D).
Sum Assured (in Rs.)
For Age 18 to 44 = 10 x Annual Premium
For Age 45 to 70 = 7 x Annual Premium
Policy Term (in years)
Premium Payment Term (in years)
Premium (in Rs.)
Payable only through ECS
Annual - 18,000
Quarterly - 4,500
Monthly - 1,500
Entry Age of Policyholder (in years)
Age at Maturity
Yearly, Half-Yearly, Quarterly and Monthly
Premium = Rs.50,000 per annum
Age = 35 years
Policy Term = 10 years
Premium Paying Term = 5 years
Fund Value = Rs.4,09,560 at an assumed rate of 10% per annum and Rs.2,96,701 at an assumed rate of 6% per annum
Investment Fund Options: 6 options to choose from
Premium Allocation Charge
Policy Administration Charge
0.50% of annual premium subject to a maximum of Rs.6000
Growth Opportunities Plus Fund
Grow Money Plus Fund
Build India Fund
Save’ n’ grow Money Fund
Steady Money Fund
Safe Money Fund
Year of Discontinuation
Annual Premium < = Rs 25,000 p.a.
Annual Premium > Rs 25,000 p.a.
Lower of 20% of (Annual Premium or Fund Value) subject to a maximum of Rs 3,000
Lower of 6% of (Annual Premium or Fund Value) subject to a maximum of Rs 6,000
Lower of 15% of (Annual Premium or Fund Value) subject to a maximum of Rs 2,000
Lower of 4% of (Annual Premium or Fund Value) subject to a maximum of Rs 5,000
Lower of 10% of (Annual Premium or Fund Value) subject to a maximum of Rs 1,500
Lower of 3% of (Annual Premium or Fund Value) subject to a maximum of Rs 4,000
Lower of 5% of (Annual Premium or Fund Value) subject to a maximum of Rs 1,000
Lower of 2% of (Annual Premium or Fund Value) subject to a maximum of Rs 2,000
Service Tax would be applicable on the charges depending on the applicable rates.