Future Generali Triple Anand Advantage Plan

• Get regular money back
• Lump sum payout at maturity
• Life cover till 80 years
• Choose limited premium payment period
• Loan benefit available
• Avail tax benefits

Death Benefit

In the event of death of the life insured during the policy term, the Death Benefit is payable to the nominee. The Death Benefit payable is higher of Death Sum Assured plus Accrued Compounded Reversionary Bonuses plus Terminal Bonus or 105% of all the premiums paid.

Death Sum Assured is higher of Sum Assured, Maturity Sum Assured, 10 times Annualized Premium, or Absolute amount payable on Death.

Extended Life Cover

The insurance cover under this policy remains active till 80 years of age. Upon attaining 80 years of age, you will receive another amount equal to 100% of your Sum Assured as a lump sum.

In case of your unfortunate demise after maturity but before you reach 80 years, the nominee is entitled to receive 100% of your Sum Assured.

Maturity Benefit

On survival of the life insured till maturity of the policy, 50% of the Sum Assured plus Compounded Reversionary bonuses plus Terminal Bonus is payable as a lump sum.

Survival Benefit

On survival of the life insured till completion of the premium payment term, 5 annual payouts equal to 10% of your Sum Assured is payable. This payout starts at the end of the same year in which you paid the last premium amount.

Bonus

Compounded Reversionary Bonus is declared as a percentage of the Sum Assured at the end of each financial year. The bonus amount of each year is added to the Sum Assured and the next year’s bonus is calculated on the enhanced amount. Terminal Bonus may also be declared and it is payable on death or maturity under the plan.

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 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, subject to change in tax laws.

No riders can be opted under this policy.

Raman at 35 years, wants to buy Future Generali Triple Anand Advantage to get regular money backs along with life protection. He opts the plan with the premium paying term of 20 years, the sum assured is Rs 10,00,000 with the annual premium of Rs 65,250.

Scenario A: Raman Survives the Policy Term

If Mr. Raman survives till the maturity of the policy term, he receives 5 annual payouts each equal to Rs 1,00,000. He will also receive Rs 5 Lacs plus Compounded Reversionary bonuses plus Terminal Bonus as the maturity benefit.



Scenario B: Raman dies during the Term of the Policy

In the event of demise of Mr. Raman during the 2^nd policy term, the higher of Death Sum Assured plus Accrued Compounded Reversionary Bonuses plus Terminal Bonus or 105% of all the premiums paid. This payout helps nominee to get the financial assistance, when he is not around.