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Future Generali India Introduces Assured Money Back Plan
Future Generali India Life Insurance Company (FGILI) has launched ‘Assured Money Back Plan’, a non-linked and non-participating money back plan. "This is a simple insurance plan which combines certainty along with returns at regular intervals," Future Generali said.
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- Future Generali India Introduces Assured Money Back Plan
The plan is devised to meet needs of customers who are unsure about their ability to pay premium for the entire policy term. It gives flexibility to choose from four limited premium payment terms, starting from five years. A policyholder enjoys a life cover along with 200% of the sum assured as guaranteed money back during the policy term.
"The concept of paying premiums for a limited period while enjoying a longer life cover with guaranteed money backs is best suited for customers who do not have a regular income. Given that the market scenario is usually uncertain and volatile, customers opt for products which have guaranteed returns,” said Mr. Munish Sharda, Managing Director and CEO, Future Generali Life Insurance. This guaranteed money back plan helps customers save for their important occasions by paying premiums for a limited duration.
Source: This news was published on April 22, 2015 in timesofindia.indiatimes.com under the title: Future Generali India launches Assured Money Back Plan
Past 5 Year annualised returns as on 01-09-2024
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.
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