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.
Key Features
- 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
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
Benefits
In case of death of the Life Insured within the Policy tenure, the nominee gets the sum assured as Death Benefit.
Since this is a Pure Term Plan, nothing is payable to the policyholder as Maturity 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.
There are 2 riders available in this policy
- Accidental Death Benefit rider
- Accelerated Critical Illness (Extended) rider
Eligibility
|
Minimum |
Maximum |
|
|
Sum Assured (in Rs.) |
10,00,000 for Classic 25,00,000 for Premier |
24,99,999 for Classic No Limit for Premier |
|
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 (in years) |
NA |
65 |
|
Premium (in Rs.) |
Rs. 2,500 p.a. for Classic Rs. 5,000 p.a. for Premier |
No Limit |
|
Payment modes |
Annual, Semi-Annual and Monthly(ECS Only) |
|
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 ?Loan facility is also not available under this policy.
