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Future Generali Assure Plus Plan

What is the Plan all About?

Future Generali Assure Plus is a traditional, participating endowment plan which will secure your family’s financial future and fulfill the set objectives. This plan will combat ever increasing cost, increasing risks of the future. The plan offers savings for future along with the life insurance coverage.


What are the Key Features?

  • Comprehensive saving plan with life insurance coverage
  • Limited premium payment term
  • Rebate on choosing higher sum assured
  • Choice to opt the premium payment term and policy term
  • Guaranteed maturity benefit
  • Avail Tax Benefit under IT Act

What are the Plan Benefits?

Death Benefit

    The death benefit payable to the nominee In the event of death of the life insured is higher of:

    • Death Sum Assured plus vested bonus plus Terminal Bonus, if any, where Death Sum Assured is higher of Sum Assured, or 10 times the annualized premium if age of the Life Assured is less than 45 years or 7 times the annualized premium if age of the Life Assured is greater than or equal to 45 years
    • 105% of total premiums paid (excluding service tax, extra premiums, if any) and the policy terminates thereafter.

Maturity Benefit

    Maturity benefit is payable on  the survival of the Life Assured till the end of the policy term. Maturity benefit is payable to the Policyholder which is the base Sum Assured plus accrued bonus and Terminal Bonus, (if any) and the policy terminates.


    Compounded Reversionary Bonus will be declared from the first policy year for an active policy. The bonus will be applied on the Sum Assured along with the bonuses already accrued under the policy and are guaranteed during the policy term in the event of death and maturity. Terminal Bonus, if any, will be payable on death or on maturity. The interim bonuses will also be declared at the end of each Financial Year.Reversionary Bonus and Terminal Bonus are not guaranteed and will depend on the actual experience of the Company.

Loan Benefit

    No loan is available under this policy.

Surrender Value

    If premiums under this policy have been paid at least for the:

    • first two policy years by the policyholder (for the premium payment term which is less than 10 years),
    • first three policy years by the policyholder (for the premium payment term which is greater than 10 years)

    Then only the policy acquires surrender value.Higher of Guaranteed Surrender Value (GSV) and Special surrender value will be payable  as surrender value.

Tax Benefit

    The plan helps in getting tax benefits under section 80C  and section 10 (10D) of the Income Tax Act,1961.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 3 Years 55 Years
Age at Maturity 18 Years 70 Years
Policy Tenure 15/20 Years 25 Years
Premium Paying Term Limited Pay- 7/10/12 Pay (for 15 Year Policy Term) Limited Pay- 10/12/15/17 Pay (for 20 Year Policy Term) Limited Pay- 12/15/17/20 Pay (for 25 Year Policy Term) -
Premium Paying Mode Annually,Semi Annually,Quarterly And Monthly -
Premium Amount Rs 12,000 P.a Depends On Max Sum Assured
Sum Assured Rs 1 Lac Rs 5 Crores
Freelook Period 15 Days/ 30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days & 15 Days (for Monthly Mode) -
Plan Type Offline -

Is any Rider Available with this Plan?

No Riders are available under this plan.

How the Plan Works?

For a 20 years Policy Term and 10 years Premium Payment Term, following is the premium for `1,000 Sum Assured.

Future Generali Assure Plus

Note: The Service Tax is calculated as per the Tax laws applicable from 1st June, 2015 and is subject to revision