The Future Generali Immediate Annuity Plan provides a regular assured income for the rest of the policyholders’ life after retirement.Thus, this policy is ideal for those policyholders who wish to supplement their limited income on retirement; it helps them maintain their standard of living and even provides tax benefit as per prevailing tax rules.
Get Guaranteed Lifelong Pension
For You And Your Spouse
Invested amount returned to your nominee
Invest 20k monthly & Get yearly pension of 4.2 Lacs for Life
Guaranteed Return For Life
Multiple Annuity Options
*All savings are provided by the insurer as per the IRDAI approved insurance
plan. Standard T&C Apply
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
|
Minimum |
Maximum |
|
Entry Age of the Life Assured(Last Birthday) |
40 years 0 years – existing customers of deferred pension products purchased from Future Generali |
80 years |
|
Policy Term (PT) in years |
Till the annuitant is alive |
||
Premium Paying Term (PPT) in years |
Single Premium |
||
Annuity Mode |
Yearly, Monthly |
||
Purchase Price |
Rs. 30,000 |
No limit |
Read Also: What is Annuity | Types of Annuity
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Life Annuity (without Return of Purchase Price) for annuitant aged 60 years |
||||
Purchase Price |
Annuity Amount available p.a. via Yearly mode |
Annuity Amount available p.a. via Monthly mode |
||
Rs. 30,000 |
Rs. 2362 |
Rs. 2278 |
||
Rs. 60,000 |
Rs. 4819 |
Rs. 4652 |
||
Rs. 100,000 |
Rs. 8092 |
Rs. 7814 |
||
Rs. 2,00,000 |
Rs. 16,245 |
Rs. 15, 688 |
||
Life Annuity with Return of Purchase Price for annuitant aged 60 years |
||||
Purchase Price |
Annuity Amount available p.a. via Yearly mode |
Annuity Amount available p.a. via Monthly mode |
||
Rs. 30,000 |
Rs. 1779 |
Rs. 1712 |
||
Rs. 60,000 |
Rs. 3655 |
Rs. 3521 |
||
Rs. 100,000 |
Rs. 6151 |
Rs. 5928 |
||
Rs. 2,00,000 |
Rs. 12,362 |
Rs. 11, 916 |
||
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Grace Period: There is no Grace Period as it is a single premium policy.
Policy Termination or Surrender Benefit: The policy cannot be surrendered. Termination of the policy occurs on the death of the annuitant. In case the policyholder chose the option with the return of Purchase Price, then the policy terminates when the purchase price that was paid by the policyholder is refunded to his or her nominee.
Free Look Period: Policyholders have a limited free look period of 15 days from the date of receiving policy documents to review the policy. This timeframe is extended to thirty days if the policy was sold via distance marketing. If the policyholder does not wish to continue with the policy, then he or she has to return the policy stating their objections. The customer will receive the policy purchase price minus the cost of the stamp duty charges.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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