Future Generali Insurance Annuity Plan

What is a Future Generali Insurance Annuity Plan?

A Future Generali Insurance Annuity Plan converts a lump-sum investment into a guaranteed stream of regular lifelong income, payable monthly or annually. It is an assurance-based pension product where your accumulated corpus is transformed into fixed payouts for life, ensuring steady post-retirement income and protection against market or interest-rate volatility. You can opt for a single lump-sum payment (purchase price) to start receiving immediate lifelong income, depending on your chosen annuity option.

In return, Future Generali India Life Insurance promises guaranteed regular income for the selected period, offering financial stability during retirement.

Note: The pure annuity plans discussed here, Saral Pension and Immediate Annuity, are single-premium immediate annuity products and do not involve regular premiums or deferred income options.

Types of Future Generali Insurance Annuity Plan

Future Generali India Life Insurance (now Generali Central Life Insurance Company Limited) offers a range of annuity plans designed to ensure financial security and a consistent income after retirement. These plans help policyholders convert their savings into a steady income stream, providing peace of mind and long-term financial stability.

Below is a concise overview of the annuity options currently available through Future Generali Life Insurance:

• Future Generali Immediate Annuity Plan: An individual, traditional, non-participating plan that provides immediate, regular guaranteed income after a one-time premium payment. It offers various annuity options, including “life annuity” and “life annuity with return of purchase price.”
• Generali Central Saral Pension: A single-premium, non-linked, non-participating individual immediate annuity plan that converts a lump-sum purchase price into guaranteed lifelong income.

Future Generali Immediate Annuity Plan

The Future Generali India Life Insurance Company Limited Immediate Annuity Plan is an individual, traditional, non-participating pension (annuity) product. Here, you pay a single premium (purchase price) and begin receiving regular lifelong income immediately.

Key Features of a Future Generali Immediate Annuity Plan

Sample Illustration – Monthly/Yearly Payouts (for Annuitant aged 60 years)

To help you understand how annuity payouts work under the Future Generali Immediate Annuity Plan, the table below shows estimated annual and monthly income based on different purchase prices and annuity options. These examples illustrate how your payout mode and option affect your lifelong income:

*The annuity amount is determined by factors such as the annuitant’s age, annuity option selected, purchase price, and applicable annuity rate at the time of purchase.

Generali Central Saral Pension

Generali Central Saral Pension is a single‐premium, non-linked, non-participating individual immediate annuity plan that guarantees a regular lifetime income from one purchase payment. It offers two flexible options, such as Single Life or Joint Life with Return of 100% Purchase Price (ROP).

Key Features of a Generali Central Saral Pension

Sample Illustration – Generali Central Saral Pension (Yearly Payout)

Below is the indicative yearly annuity amount for a purchase price of ₹10,00,000 (excluding taxes), assuming the annuitant(s) are of the same age:

*The above illustration is for demonstration purposes only and based on sample annuity rates per the product brochure. Actual annuity payouts may vary depending on age, purchase price, annuity option, and prevailing rates at purchase.

Key Takeaways

Future Generali Insurance Annuity Plan guarantees lifelong income with flexible payout modes to match your financial preferences. Future Generali Immediate Annuity Plan allows payouts only in monthly or yearly modes, ensuring simple and consistent income options as per the official brochure. Generali Central Saral Pension Plan offers four payout modes: monthly, quarterly, half-yearly, and yearly, with the following Saral mode factors: 96% of the annual amount (monthly), 97% (quarterly), 98% (half-yearly), and 100% (yearly). The plan turns your savings into a regular lifelong income, helping you stay financially independent and protected from market ups and downs.