Future Generali Pearls Guarantee Plan

What is the Plan all About?

Future Generali Pearls Guarantee is a non-linked, non-participating life insurance plan that offers guaranteed regular cashback that helps fulfill your family’s financial needs. With life cover, this plan ensures financial net for the family, in case of a mishap.

What are the Key Features?

Regular guaranteed cash back
Get guaranteed maturity payout
Ensure financial protection of your family through life cover
Enjoy limited premium payment period
Discount on opting large Sum Assured
Avail tax benefits

What are the Plan Benefits?

Death Benefit

In the event of death of the life insured during the premium paying term, the Death Benefit payable is higher of 10 times the Annualized Premium, 105% of the total premiums paid, or 120% of Sum Assured.

In the event of death of the life insured after the premium paying term, the Death Benefit payable is higher of 105% of total premiums paid, 10 times the Annualized Premium, or 120% of Sum Assured, irrespective of guaranteed cashback already paid.

This benefit payable is subject to the policy being in-force.

Maturity Benefit

On survival of the life insured till maturity of the policy, 70% of the Sum Assured is payable.

Survival Benefit

On survival of the life insured till completion of the premium payment term, Guaranteed cashbacks as 10% of Sum Assured is payable every year after Premium Payment Term till maturity.

Loan Benefit

No loan amount can be availed under this policy.

Surrender Value

This policy acquires Surrender Value after paying at least three 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, as per the prevailing tax laws.

Who can Buy the Plan?

Factor	Minimum	Maximum
Age (as on last birthday)	7 Years	55 Years
Age at Maturity	23 Years	73 Years
Policy Tenure	16/18 Years	-
Premium Paying Term (PPT)	10 Years (policy Term 16 Years), 12 Years (policy Term 18 Years)	-
Premium Paying Mode	Annually, Semi Annually, Quarterly & Monthly	-
Annual Premium	Rs 10,000	No Limit
Sum Assured	Depends On Age At Entry And Policy Term	-
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 30 years, wants to buy Future Generali Pearls Guarantee to get regular money backs along with life protection. He opts the plan with the policy term of 16 years and a sum assured of Rs 2,00,000.

Scenario A: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives Guaranteed cashbacks of Rs 20,000 is payable at the end of each year after Premium Payment Term till maturity plus Rs 1,40,000 as Maturity Benefit.

Future Generali Pearls Guarantee

Scenario B: Raman dies during the Term of the Policy

In the event of demise of Mr. Raman during the policy term, Rs 2,40,000 is payable as the death benefit. This payout helps nominee to get the financial assistance, when he is not around.