Future Generali Care Plus Plan

Future Generali Care Plus Plan

Future Generali Care Plus Plan is a vanilla term plan. It serves for all types of people looking for Life Coverage. This is a Traditional Plan without Bonus Facility.

There are 2 variants of the Future Generali Care Plus Plan –

• Future Generali Care Plus Classic Plan - For Sum Assured till Rs 24,99,999

• Future Generali Care Plus Premier Plan - For Sum Assured of Rs 25 lacs and more

 In this plan, premium needs to be paid till the end of the Policy Term. This being a pure protection plan has no Maturity Benefit. However, if the Life Insured dies within the Policy tenure, then the nominee would get the Sum Assured as Death Benefit.

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Key Features of Future Generali Life Care Plus Insurance Plan 

• It is a pure term plan with only death benefit and no maturity benefit.
• This plan encourages the policyholder to take higher sum assured by providing large sum assured rebates.
• There are additional rider benefits available under this plan- Accidental Death Rider & Accelerated Critical Illness (Extended) Rider
• There are 2 variants of this plan- Classic for Sum Assured less than Rs 25 lacs and Premier for Sum Assured of Rs 25 lacs and more

 Benefits you get from Future Generali Life Care Plus Policy

• Death Benefit – In case of death of the Life Insured within the Policy tenure, the nominee gets the sum assured as Death Benefit.
• Maturity Benefit – Since this is a Pure Term Plan, nothing is payable to the policyholder as Maturity Benefit.
• 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 Plan

 Sample illustration of premium amount in Future Generali Care Plus Plan

The below illustration is for a healthy Male (non-tobacco user) opting for a

Sum Assured = Rs. 15 Lacs under Classic Option

Sum Assured = Rs. 50 Lacs under Premier Option

Policy Term = 20 years

Additional Features & Benefits of Future Generali Life Care Plus Insurance Policy

Riders – There are 2 riders available in this policy

• Accidental Death Benefit rider
• Accelerated Critical Illness (Extended) rider

What happens 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.

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.