Future Generali Care Plus Premier Term Plan
Future General Care Plus Premier plan is a vanilla term plan for large sum assured only which further encourages policyholders to take large sum assured by providing large sum assured rebates. In this plan, like any other pure term plan, the nominee would get paid if the life insured dies within the policy term and nothing is payable on maturity. There are 2 versions of the Care Plus Plan- Classic and Premier, where the Classic version is for comparatively lower sum assured than the Premier version.
Key Features of Future Generali Care Plus Premier
- It is a pure term plan for high net worth individuals with only death benefit and no maturity benefit
- Since it is a high sum assured plan, it further encourages the policyholder to take higher sum assured by providing large sum assured rebates
- There are additional rider benefits available under this plan
Benefits you get from Future Generali Care Plus Premier
Death Benefit – In case of death of the policy holder, the nominee gets the sum assured as death benefit.
Maturity Benefit – Nothing is payable to the policyholder on maturity.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1, 00,000 are allowed as a deduction from the taxable income each year under section 80C
Eligibility conditions and other restrictions in Future Generali Care Plus Premier
|
|
Minimum
|
Maximum
|
|
Sum Assured (in Rs.)
|
25,00,000
|
No Limit
|
|
Policy Term (in years)
|
5
|
30
|
|
Premium Payment Term (in years)
|
Equal to Policy Term
|
Equal to Policy Term
|
|
Entry Age of Policyholder (in years)
|
18
|
60
|
|
Age at Maturity
|
NA
|
65
|
|
Single premium
|
NA
|
NA
|
|
Payment modes
|
Annual, Semi-Annual, Quarterly and Monthly
|
Sample illustration of premium amount in Future Generali Care Plus Premier
The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 50 lakhs and Policy Term = 25 years
Additional Features and Benefits of Future Generali Care Plus Premier
Riders – There are 3 riders available in this policy
· Accidental Death Benefit rider
· Accelerated Critical Illness rider
You stop paying the premium – The policy would eventually lapse after the end of the grace period if premiums are not continued. However it can be renewed within 3 years from the date of first unpaid premium.
You want to surrender the policy – Being a pure term plan, there is no surrender options available under this plan.
You want a loan against your policy – Loan facility is also not available under this policy.
Alternate High Net Worth term plans from different insurance companies
Birla Sum Life Protector Plan
ICICI Prudential Pure Protect Elite
Max New York Life Platinum Protect
LIC Amulya Jeevan Plan
Other term insurance plans from Future Generali Life Insurance
Future Generali Care Plus Classic
Future Generali Samrt Life Plan
