Future Generali Care Plus Premier Term Plan
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
Benefits
In case of death of the policy holder, the nominee gets the sum assured as death benefit.
Nothing is payable to the policyholder on maturity.
Life Insurance premiums paid up to Rs. 1, 00,000 are allowed as a deduction from the taxable income each year under section 80C
There are 3 riders available in this policy
- Accidental Death Benefit rider
- Accelerated Critical Illness rider
Eligibility
| 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 | |
FAQs
What happen if 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.
What happen if you want to surrender the policy ?Being a pure term plan, there is no surrender options available under this plan.
What happen if you want a loan against your policy is?Loan facility is also not available under this policy.
