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Future Generali Assure Plan
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This plan has been withdrawn by the insurance company and is no longer available for sale.
Future Generali Assure Plan
Future Generali Assure Plan is a Participating Endowment Plan. It is a Traditional Plan with Bonus facility.
How it works – In this plan, premium can be paid for a minimum of 5 years while the policy continues till the end of the policy tenure as selected at the time of policy inception.
On survival till the end of the policy tenure, the policyholder gets the Sum Assured + vested Compounded Reversionary Bonus as Maturity Benefit and the policy terminates. However, if the Life Insured dies within the Policy Tenure, the nominee gets the Sum Assured + accrued Bonus as Death Benefit and the policy terminates.
There are 6 additional riders available in this plan.
Key Features of Future Generali Assure Policy
It is a participating endowment plan
The minimum premium paying term is 5 years in this plan
On survival till the end of the policy tenure, the policyholder gets the Sum Assured + vested Compounded Reversionary Bonus as Maturity Benefit
If the Life Insured dies within the Policy Tenure, the nominee gets the Sum Assured + accrued Bonus as Death Benefit
There are 6 Additional Riders in this plan- Term Assurance Rider, Waiver of Premium on Disability Rider, Life Guardian Rider, Accidental Death Rider, Accidental Total & Permanent Disability Rider and a Critical Illness Rider.
COMPARE THIS PLAN WITH OTHER ENDOWMENT PLANS
Benefits you get from Future Generali Assure Insurance Policy
Death Benefit – In case of death of the Life Insured within the Policy Tenure, the nominee gets the Sum Assured + accrued Bonus as Death Benefit and the policy terminates.
Maturity Benefit – On survival till the end of the policy tenure, the policyholder gets the Sum Assured + vested Compounded Reversionary 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.
Eligibility conditions & other restrictions in Future Generali Assure Insurance Plan
Additional Features and Benefits of Future Generali Assure Plan
Riders – There are 6 additional riders available in this plan:
Term Assurance Rider
Waiver of Premium on Disability Rider
Life Guardian Rider
Accidental Death Rider
Accidental Total & Permanent Disability Rider
Critical Illness Rider
What happens if?
You stop paying the premium - If the policy holder stops paying the premium, the policy lapses and all benefits cease.
You want to surrender the policy – There are Surrender Benefits available in this plan and the Surrender Value is paid as Surrender Benefit in this plan.
You want a loan against your policy – Loan facility is available after the policy acquires Surrender Value in this plan.
