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Future Generali New Saral Anand Plan

What is the Plan all About?

Future Generali New Saral Anand plan is a non linked, participating endowment plan. The plan offers a comprehensive plan benefits under single policy to achieve the milestones in your life like buying a house, child education, funds for retirement, etc.The plan offers extended life cover which exists even after the policy matures.


What are the Key Features?

  • Systematic saving cum insurance plan
  • Extended life cover benefit
  • Guaranteed maturity benefit
  • Life insurance cover for the chosen policy term
  • 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 Assured10 times Annualised Premium or Maturity Sum Assured, which is equal to sum assured or Absolute amount payable on death (which is equal to Sum Assured)

    • 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 benefits payable as lump sum payout which is the base Sum Assured plus accrued bonus and Terminal Bonus, (if any) and the policy terminates.

Extended Life Cover Benefit

    The life insurance cover will be active till the policyholder attains the age of 100. At the age of 100, the life assured will receive another Lump Sum payment equal to 100% of the policy Sum Assured which is called the Extended Cover Payout. Also, in case of an unfortunate demise after maturity but before the life assured turns 100, the nominee will receive an amount equal to 100% of the Sum Assured.


    At the end of each financial year, the Company may declare a bonus expressed as a percentage of the Sum Assured and all previous bonuses declared. The bonus of each year is added to the Sum Assured and the next year’s bonus is calculated on the enhanced amount. The Company may declare a discretionary terminal bonus which is payable on death or maturity of the plan.

Loan Benefit

    The maximum amount of loan taken is up to 85% of the Surrender Value. The loan can be taken once the policy has acquired Surrender Value.

Surrender Value

    The surrender value is equal to the value higher of Guaranteed Surrender Value (GSV) and Special surrender value will be payable  as surrender value. The premium must be paid for 3 policy years from inception to avail 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 50 Years
Age at Maturity 18 Years 70 Years
Policy Tenure 15 Years 20 Years
Premium Paying Term Same As Policy Term -
Premium Paying Mode Annually,Semi Annually,Quarterly And Monthly -
Premium Amount Rs 8,000 P.a Depends On Max Sum Assured
Sum Assured Rs 1 Lac No Limit (subject To Underwriting)
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?

Following riders are available with this plan for the payment of an extra rider premium.

  • Future Generali Non Linked Accidental Death Rider
  • Future Generali Non Linked Accidental Total & Permanent Disability Rider

How the Plan Works?

Let's understand this benefit with the help of an example:

Life Insured: Amit

Age: 35 years while buying the policy

Sum Assured : Rs. 1,00,000

Policy Term:  15 years

Annual Premium:  Rs. 8,247 premium (plus service tax)

Benefits are illustrated below:

Scenario 1: Amit survives the policy term

Future Generali New Saral Anand

(Note: The above scenario is depicted at assumed investment returns of 4% and 8%)

Scenario 2: Amit dies in the 2nd policy year

Future Generali New Saral Anand Plan