Future Generali Assured Money Back Plan

What is the Plan all About?

Future Generali Assured Money Back Plan is a non-linked, non-participating Money Back Plan that helps fulfill your financial objectives at different stages of your life. This plan provides guaranteed regular money back plus guaranteed maturity benefit. This money back plan also provides insurance cover, so your family is financially secure.

What are the Key Features?

Guaranteed money back after premium payment term
Guaranteed maturity benefit
Death benefit for financial security
Flexibility to choose premium payment term
Avail Loan benefit under the plan
Avail tax benefits under IT Act,1961

What are the Plan Benefits?

Death Benefit

In the event of death of the life insured during the policy term, Death Sum Assured is payable to the nominee. Death Sum Assured is higher of 105% of total premiums paid, 110% of Sum Assured, or 10 times the Annualized Premium.

Maturity Benefit

On survival of the life insured till maturity of the policy, 110% of Sum Assured is payable.

Survival Benefit

On survival of the life insured till completion of the premium payment term, 10% of Sum Assured at the end of every year after the Premium Payment Term over a period of 9 years.

Loan Benefit

The maximum loan amount that can be availed is up to 85% of surrender value, subject to a minimum of Rs 10,000.

Surrender Value

This policy acquires Surrender Value after paying at least two full policy years’ premium. The Special Surrender Value payable is higher of Guaranteed Surrender Value or Special Surrender Value.

Tax Benefit

This policy provides tax benefits under section 80C, 80CCC (1), 80D, & 10 (10D) of the Income Tax Act, subject to change in tax laws.

Who can Buy the Plan?

Factor	Minimum	Maximum
Age (as on last birthday)	18 Years	50 Years (policy Term 15/17/20 Years), 48 Years (policy Term 22 Years)
Age at Maturity	-	70 Years
Policy Tenure	15/17/20 Years	22 Years
Premium Paying Term (PPT)	5 Years (policy Term 15 Years), 7 Years (policy Term 17 Years), 10 Years (policy Term 20 Years), 12 Years (policy Term 22 Years)	-
Premium Paying Mode	Annually, Semi Annually, Quarterly & Monthly	-
Annualized Premium	Rs 18,000 (5/7 Year PPT), Rs 24,000 (10/12 Year PPT)	No Limit
Sum Assured	Rs 58,215	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?

No riders can be opted under this policy.

How the Plan Works?

Raman at 35 years, wants to buy Future Generali Assured Money Back Plan to get regular money backs along with life protection. He opts the plan with the policy term of 20 years, premium paying term of 10 years, and the sum assured is Rs 5,00,000 with the annual premium of Rs 56,805.

Scenario A: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives Rs 50,000 every year from the 11^th to the 19^th year. He will also receive Rs 5,50,000 on maturity date.

Future Generali Assured Money Back Plan

Scenario B: Raman dies during the Term of the Policy

In the event of demise of Mr. Raman during the 4th policy term, Rs 5,68,050 is payable to the nominee. This payout helps nominee to get the financial assistance.