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Future Generali Care Plus Classic

Future Generali Care Plus Classic Term Plan 

Care Plus Classic plan is a vanilla term plan which encourages policyholders to take large sum assured by providing large sum assured rebates. In this plan, like any other 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.

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Maturity benefit
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Death benefit
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Additional rider benefits
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Key Features

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It is a pure term plan with only death benefit and no maturity benefit
Provides large sum assured rebates
Additional rider benefits available under this plan

Benefits

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Death Benefit

In case of death of the policy holder, the nominee gets the sum assured as death benefit.

Maturity Benefit

There is no maturity benefit under this plan.

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

Riders

There are 3 riders available in this policy

  • Accidental Death Benefit rider
  • Accelerated Critical Illness rider

Eligibility

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  Minimum Maximum
Sum Assured (in Rs.) 10,00,000 24,99,999
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

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angle down iconWhat happen if you stop paying the premium ?

If the policy holder stops paying the premium, then all benefits of the policy will stop after the grace period ends. You can however revive the policy within 3 years from the first unpaid premium.

angle down iconWhat happen if you want to surrender the policy ?

There is no surrender options available under this plan.

angle down iconWhat happen if you want a loan against your policy ?

Loan facility is not available under this policy.