Future Generali Anand Plan
Future Generali Anand Plan
Future Generali Anand Plan is a Participating Whole Life Plan. Thus, it is a Traditional Plan with Bonus facility.
How does it work – In this plan, premium needs to be paid for a selected period of 8 to 20 years. The policy however continues till 99 years of age.
After the premium paying term is over, a Survival Benefit of 100% of Sum Assured + Guaranteed Additions + Vested Bonus (if any) is paid to the Life Insured.
However, if the Life Insured dies within the Premium Paying Term, Sum Assured + Guaranteed Additions + Vested Bonus (if any) + Terminal Bonus (if any) is paid as Death Benefit to the nominee and the policy terminates. If the Life Insured dies after the Premium Paying Term: 125% of the Sum Assured + Terminal Bonus (if any) is paid as Death Benefit to the nominee and the policy terminates.
This policy offers 5 additional rider benefits along with this plan and an auto-cover facility, where the Life Coverage continues even if the premium is not paid, after completion of 3 policy years.
Key Features
Benefits
- Within the Premium Paying Term: Sum Assured + Guaranteed Additions + Vested Bonus (if any) + Terminal Bonus (if any) is paid as Death Benefit to the nominee
- After the Premium Paying Term: 125% of the Sum Assured + Terminal Bonus (if any) is paid as Death Benefit to the nominee
On survival till the end of the Premium Paying Term, 100% of Sum Assured + Guaranteed Additions + Vested Bonus (if any) is paid to the Life Insured and the policy continues.
Being a whole life plan, there is no Maturity Benefit.
Life Insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity Proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditions.
- Term Assurance Rider
- Accident Death Rider
- Accidental Total Permanent Disability Rider
- Wavier of Premium Disability Rider
- Critical Illness Rider
Eligibility
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Minimum
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Maximum
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Sum Assured (in Rs.)
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1,00,000
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No Limit
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Policy Term (in years)
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99 – Entry Age of Life Insured
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Premium Payment Term (in years)
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8
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20
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Entry Age of Life Insured (in years)
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12
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62
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Age at Maturity for Survival Benefit (in years)
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-
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70
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Payment modes
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Yearly, Half-Yearly, Quarterly and Monthly
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FAQs
What happen if you stop paying the premium ?What happen if you want to surrender the policy ?What happen if you want a loan against your policy ?Loan can be availed after 3 policy years, upto 90% of Surrender Value for in-force policy and 85% in Paid Up Policy.
