Future Generali Dream Guarantee Plan

Future Generali Dream Guarantee Plan is a Participating Money Back Plan with Guaranteed Additions. It is a Traditional Plan with Bonus facility as well as Guaranteed Additions.

How it works – In this plan, premium needs to be paid for the entire policy tenure of 15 or 20 years, as chosen. In this plan, there is Guaranteed Additions of 3.5% of the sum assured for first three policy years and after that there is compounded Reversionary Bonus from the 4th policy year onwards.

During the policy tenure, 60% of the Sum Assured is paid out as Survival Benefit and the remaining 40% of the Sum Assured along with Guaranteed Additions and vested Bonus. However, if the Life Insured dies within the policy tenure, then 100% of the Sum Assured is paid as immediate Death Benefit and the policy continues. The future premiums are waived off and the policy continues to the Survival and Maturity Benefit as per schedule.

In case of accidental death, three times the sum assured is paid to the nominee.

Money Back Plan

Maturity Benefit

Guaranteed Additions

Compare this plan with other Investment Plans

Full Name

Mobile Number

By clicking “Show Returns”, I authorize MyInsuranceClub to Call/Message & agree to Terms of Use

Key Features

It is a participating Money Back Plan

In this plan, there is guaranteed money back payments of a total of 60% of the sum assured is paid as Survival Benefit

The remaining 40% of the sum assured along with guaranteed additions and vested bonuses (if any) is paid at maturity as Maturity Benefit

If the Life Insured dies within the policy tenure, 100% of the Sum assured is immediately paid and future premiums waived and policy continues to pay the money back and maturity benefit to nominee

There is Guaranteed Additions at 3.5% of the sum assured for first three policy years

In this plan, Compounded reversionary bonuses from the 4th policy year onwards

There is Fixed policy terms of 15 years and 20 years in this plan

There is an Inbuilt accidental death benefit rider equal to three times sum assured in this plan

There is discount in premium on opting for a large sum assured

Benefits

Death Benefit

In case of death of the Life Insured within the Policy Tenure, then the nominee gets:

100% of the Sum Assured as Immediate Death Benefit and
The Policy Continues
All future premiums are waived off
All Bonuses and Guaranteed Additions continue to accrue
The Money Back Payouts are provided as per schedule
Thus a total of 200% of the Sum Assured + Vested Bonus + Guaranteed Additions are paid if the Life Insured dies within the Policy tenure. In an unfortunate event of accidental death 3 times the sum assured is payable.

Survival Benefit

This policy pays out a pre-defined % of the Sum Assured at the end of each year after the premium paying term is over.

% of Money Paid	PT=15 Years	PT=20 Years
20% of Sum Assured	At the end of the 6^th Policy Year	At the end of the 5^th Policy Year
20% of Sum Assured	At the end of the 9^th Policy Year	At the end of the 10^th Policy Year
20% of Sum Assured	At the end of the 12^th Policy Year	At the end of the 15^th Policy Year
40% of Sum Assured + Vested Bonus + Guaranteed Additions	On Policy Maturity	On Policy Maturity
Total	100% of Sum Assured + Vested Bonus + Guaranteed Additions

Maturity Benefit

On survival till the end of the Policy Tenure, the policyholder gets the remaining 40% of the Sum Assured + Guaranteed Additions + Vested Bonus as Maturity Benefit and the policy terminates.

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 and the Maturity Proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditions.

Riders

There is 1 in-built rider in this plan:

Accidental Death Benefit

Eligibility

	Minimum	Maximum
Sum Assured (in Rs.)	1,00,000	25,00,000
Policy Term (in years)	15	20
Premium Payment Term (in years)	Equal to Policy Term
Entry Age of Life Insured (in years)	12 for PT=15 13 for PT=20	55 for PT=15 50 for PT=20
Age at Maturity (in years)	-	70
Payment modes	Yearly, Half-Yearly, Quarterly and Monthly

FAQs

What happen if you stop paying the premium ?

If the policy holder stops paying the premium, the policy lapses and all benefits cease. However, if at least 3 years premiums have been paid, then the policy gets converted to Paid Up Value. The policy can be revived within 3 years from the first unpaid premium.

What happen if you want to surrender the policy ?

On surrender, the higher of the guaranteed surrender value and the special surrender value will be paid.

Minimum Guaranteed Surrender Value= (30% of all premiums paid – 1^st year’s premium)

What happen if you want a loan against your policy ?

Loan facility is not available in this plan.