Product: Future Generali Care Plus [UIN: 133N030V02]

Highlights / Snapshot:

  • Tax Advantage – Yes
  • Premium payment mode- Yearly/half yearly / Monthly
  • Protection duration – 5 years to 30 years
  • Benefits – Death benefit
  • Minimum annual premium – Rs 2500
  • Variants- Classic & Premier

Why Buy this Plan / Product?

  • Protection – In-case of an unfortunate demise of the life assured the family gets sum assured as a lump sum.
  • The plan offers attractive discount on the high sum assured.
  • Tax advantage – get tax benefit as per prevailing tax rule.

How does this plan work?

  • Decide the sum assured – option to choose between classic and premier option.
  • Decide on your policy term.
  • Choose your premium payment mode.

 

Benefits:

  • Death Benefit- The family gets sum assured as lump sum in case of the unfortunate demise of the life assured.
  • Maturity Benefit – There is no maturity benefit payable under this plan.
  • Surrender Benefit – There is no surrender benefit payable under this plan.

Premium & Charges:

Classic Option:

The table below shows the indicative premiums payable yearly for a Sum Assured of Rs.15,00,000/-  for a standard life:

 

Your age at last birthday

Policy Term
10 years 15 years 20 years 25 years
30 years NA NA 2700 3150
35 years 2700 3090 3645 4335
40 years 3765 4485 5325 6270
45 years 5535 6645 7785 NA

The above premiums are exclusive of Service Tax, Education Cess , Secondary and Higher Education Cess which will apply at the prevailing rates at the time of payment of premium.

Premier Option:

The table below shows the indicative premiums payable yearly for a Sum Assured of Rs.50,00,000/- (Non Smoker) for a standard life:

 

Your age at last birthday

Policy Term
10 years 15 years 20 years 25 years
25 years 5950 5950 5950 5950
35 years 7100 7750 9150 10950
40 years 10200 11900 14050 16500
45 years 15,100 17850 20800 NA

The above premiums are exclusive of Service Tax, Education Cess , Secondary and Higher Education Cess which will apply at the prevailing rates at the time of payment of premium.

 Exclusions:

Suicide Exclusion- In-case the life assured commits suicide within a year from the commencement or reinstatement of the policy, sum assured will not be paid and only 80% of premiums paid till date will be paid as death benefit.

 

 

Eligibility

Variants Offered/ Characteristics Min Premium Min- Max Sum Assured Min- Max age at entry Min – Max Term Premium Payment Mode:
           
Classic 2500 Per annum 10 Lakh – 2499999 18- 60 5 to 30 Yearly/ Half yearly / Monthly
           
Premier 5000 Per annum  25 Lakh – No Limit 18-60 5 to 30 Yearly/ Half yearly / Monthly

 

Disclaimer:

Tax benefits are subject to change as per the prevailing tax laws.

Insurance is the subject matter of the solicitation.

 

Rider Options-NA

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