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.
Key Features
Benefits
In case of death of the policy holder, the nominee gets the sum assured as death benefit.
There is no maturity benefit under this plan.
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.) | 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
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.
There is no surrender options available under this plan.
Loan facility is not available under this policy.