Future Generali Assure Plus Plan

Key Features

• Policyholders have a choice to pay premiums for a range of limited or fixed premium payment terms that are available, while enjoying the insurance cover and staying invested for much longer policy terms.
• The bonuses available accrue throughout the policy term and help generate more wealth for the policyholder.
• With an upper limit of Rs. 5 crore as the Sum Assured, policyholders may enjoy a high insurance cover.

Benefits

• On survival until the end of the policy term, the policyholder receives a Maturity Benefit, which is the sum assured plus the Accrued Bonus, and Terminal Bonus if any.
• In the unfortunate event of the demise of the person insured, the nominee receives the Death Benefit. The Death Benefits payable is higher of the following:

• The Death Sum Assured plus Vested Bonus and Terminal Bonus (if any), or 
• 105% of the total premiums paid.
• There is a discount given on large sum assured amounts.
• This policy offers the advantage of compound reversionary bonuses that are paid on maturity of the policy or as part of the Death Benefit.
• Tax benefits are available on the premium paid and Death and Maturity Benefits as per sections 80(C) and 10 (10D) of the Income Tax Act.

Product Specification:

Details About Premium

Inclusions

• Provided all due premiums have been paid, Future Generali will declare a compound reversionary bonus from the first year, which will be applied on the Sum Assured. Reversionary Bonus and Terminal Bonus is payable on death or maturity.

Additional Features or Riders

• The revival of a lapsed policy is possible if the policyholder submits a written request for reinstatement within a timeframe of two years from the date of the first unpaid premium.

Exclusions

• The term insurance cover is void if the person insured, whether sane or insane at the time, commits suicide within one year from the start of the policy cover or reinstatement. The company will refund only 80% of the premiums paid and Surrender Value, as Death Benefit.

Documents Required

The policyholder has to fill up an ‘Application form’ with identity proof, bank account proof, address proof and a recent photograph. Select cases may require income proof and a medical examination.