Future Generali Assured Money Back Plan

Future Generali Assured Money Back Plan caters to the needs of customers who are unsure about their ability to pay premiums for the entire policy term. For e.g.: business owners, sportspersons, and artists etc. who tend to have an irregular income.

This plan also offers flexibility to choose from 4 limited premium payment terms, which starts from 5th year and the customer enjoys a longer duration of life cover along with 200% of the sum assured as guaranteed money backs during the policy term.

Key Features

Offers flexibility to choose from 4 limited premium payment terms, which starts from 5th year

10% of Sum Assured at the end of every year after the Premium Payment Term, for 9 years

110% of Sum Assured at the end of Policy Term

• Sum Assured will be payable to your beneficiary. Sum Assured shall be highest of the following:

1. 10 times Annualised Premium (excluding taxes and extra premiums, if any), or
2. 105% of total premiums paid (excluding taxes and extra premiums, if any) as on date of death or
3. 110% of Sum Assured

In case you are not happy with product, you can cancel the policy within 15 days of receipt of policy document. The medical charge, mortality & stamp duty will be deducted from the first paid premium.

If you miss paying premium, then you get additional 30 days for annual, half yearly or quarterly mode & 15 days for monthly mode. The grace period starts from your premium due date.

Flexibility to make changes in the mode of payment

Yes available, minimum of Rs. 10,000 up to a maximum of 85% of the Surrender Value. Income Tax Benefit - Premium(s) paid are eligible for tax benefits as may be available under the provisions of Section(s) 80C, 80 CCC (1), 80D, 10.10D as applicable

There are no riders available in this plan.

How it works

• Payment Term: You can choose your own premium payment terms i.e. 5, 7, 10 or 12 years.
• Guaranteed money back: You get 10% of the Sum Assured every year for 9 years after your Premium Guaranteed Maturity Benefit: You get 110% of the Sum Assured on maturity of your policy
• Life Cover: You get an insurance cover. In case of your unfortunate demise, your family will receive the sum assured

If the policy holder stops paying the premium, the policy lapses and all benefits cease. However, if at least 3 years premiums have been paid, then the policy gets converted to Paid Up Value. The policy can be revived within 2 years from the date of the first unpaid premium.

Eligibility