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Future Generali Care Plus Premier Term Plan

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This plan has been withdrawn by the insurance company and is no longer available for sale.

Future Generali Care Plus Premier Term Plan

 

Future General Care Plus Premier plan is a vanilla term plan for large sum assured only which further encourages policyholders to take large sum assured by providing large sum assured rebates. In this plan, like any other pure 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 of Future Generali Care Plus Premier

 

  • It is a pure term plan for high net worth individuals with only death benefit and no maturity benefit
  • Since it is a high sum assured plan, it further encourages the policyholder to take higher sum assured by providing large sum assured rebates
  • There are additional rider benefits available under this plan

 

 

Benefits you get from Future Generali Care Plus Premier

 

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

 

Maturity Benefit – Nothing is payable to the policyholder on maturity.

 

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 Premier

 

 

Minimum

Maximum

Sum Assured (in Rs.)

25,00,000

No Limit

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

 

 

Sample illustration of premium amount in Future Generali Care Plus Premier

 

The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 50 lakhs and Policy Term = 25 years

Sample Premium Rates of Future Generali Care Plus Premier Term Plan

 

 

Additional Features and Benefits of Future Generali Care Plus Premier

 

Riders – There are 3 riders available in this policy

·         Accidental Death Benefit rider

·         Accelerated Critical Illness 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.



 

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