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Future Generali Assured Income Plan 2023 – After the limited premium payment term has expired, the Future Generali Assured Income Plan provides a regular assured income for a considerable amount of time. Policyholders have a lot of options when it comes to managing their finances for their future needs because they can receive this income annually, monthly, or even in one lump sum. With this plan, policyholders can rest assured that in addition to receiving a benefit of up to 4.5 times the annualized premium, their savings will be multiplied and they will receive a regular income in the future. In the unfortunate event of the policyholder’s death, the policy also guarantees that the policyholder’s families will be taken care of.
Looking to secure your future and protect your investments? Future Generali Assured Income Plan 2023 is the plan for you! This innovative retirement plan offers participants the opportunity to lock in a fixed return on their investments each year, regardless of stock market fluctuations. Plus, there are no annual fees or hidden charges – everything is transparent and straightforward. If you’re ready to take control of your financial future, contact us today to learn more about this exciting plan.
Future Generali Assured Income Plan 2023
Looking to secure long-term financial stability and peace of mind in the future? Future Generali Assured Income Plan 2023 may be the right choice for you. With this plan, you can rest assured that you’ll be able to provide for your family in the event of an unexpected financial crisis. Plus, the plan has a number of attractive features that will make it easy for you to take advantage of. So if you’re concerned about financial security in the future, read on to learn more about the Future Generali Assured Income Plan 2023.
The Future Generali Assured Income Plan provides you with life insurance in addition to guaranteed returns. Both a guaranteed income plan and a financial protection plan are provided by this plan. In order to lessen the impact of financial uncertainty, this plan provides you with life insurance and an appreciation for the money you have saved. This is a non-participating, non-linked endowment plan. In addition to providing protection at all times, this plan guarantees the policyholder’s investment returns. There are two term options available with this plan, and depending on the policyholder’s age, at the end of each term, they can get an additional benefit up to 4.5 times their annualized premium.
Future Generali Assured Income Plan 2023 Detail
| Article for | Future Generali Assured Income Plan 2023 |
| Future Generali Assured Income Plan 2023 | Click Here |
| Category | insurance |
| Official website | Click here |
About Future Generali Assured Income Plan
Eligibility Criteria Who the Future Generali Assured Income Plan
This plan is perfect for retirees and those who want to receive income on a regular basis. The eligibility requirements for this plan are as follows:
| Particulars | Details |
| Minimum Entry Age | For a 11-year term – 7 years For a 15-year term – 5 years |
| Maximum Entry Age | For a 11-year term – 50 years For a 15-year term – 50 years |
| Minimum Age At Maturity | For a 11-year term – 7 years For a 15-year term – 5 years |
| Maximum Age At Maturity | For a 11-year term – 50 years For a 15-year term – 50 years |
| Plan Type | Assured Income Plan |
Sum Assured and Premium Range – What you pay and what you get
Sum Proven: This plan’s sum assured varies with the chosen policy term. Under this plan, it looks like this:
| Age At Entry | 11-year term | 15-year term |
| 46 – 50 years | 17.5 times the year-to-year premium | 31 times the year-to-year premium |
| 41 – 45 years | 19 times the year-to-year premium | 32.5 times the year-to-year premium |
| 36 – 40 years | 19.5 times the year-to-year premium | 33 times the year-to-year premium |
| 31 – 35 years | 20 times the year-to-year premium | 33.5 times the year-to-year premium |
| 18 – 30 years | 20.5 times the year-to-year premium | 34 times the year-to-year premium |
| 7 – 17 years | 21 times the year-to-year premium | 34.5 times the year-to-year premium |
| 5 – 6 years | Nil | 34.5 times the year-to-year premium |
Premium Range:
In this policy, the premium range looks like this:
| Policy Term | Minimum Premium |
| For a 11-year policy term | Rs.35,000 (7 – 50 years) |
| For a 15-year policy term | Rs.35,000 (5 – 44 years) Rs…75,000 (45 – 50 years) |
| Payment Frequency | Annual only |
Also Read-Family Health Insurance Plan 2022
Plan Coverage – What the Future Generali Assured Income Plan covers
There are a few features included in this plan, which are listed in the table below:
| Features | Details |
| Death Benefit | The nominees will receive the highest of the following in the event of a death of an assured:
The amount due will also differ based on the length of the policy. For instance, the sum paid will range from 17.5 to 21 times the annual premiums. The total benefit payable for a 15-year term will range from 31 to 34.5 times the annual premiums. |
| Maturity Benefit | For a 11-year term, the complete advantage payable will incorporate 17.5 to multiple times the year-to-year premium. In contrast, a 15-year term will result in a benefit that is 31 to 34.5 times the annual premium. Keep in mind that the insurer will take into account the insured’s age at maturity and the date of purchase when determining the amount to be paid. Exclusions – What the Future Generali Assured Income Plan doesn’t cover |
The Future Generali Assured Income Plan only has a suicide exclusion, and if an insured person takes their own life, the following procedure will be followed:
- In the event that passing by self destruction happens in the span of one year of initiation of the arrangement, 80% of the charges paid will be presented as death benefit and the approach will from there on be viewed as void.
- The greater of 80% of the total premiums paid or the surrender value will be paid as a death benefit if a suicide occurs within a year of the policy’s renewal.
Other Key Features Free Look Period, Grace Period, Surrender Value etc.
Other important features of the Future Generali Assured Income Plan include the following:
| Particulars | Details |
| Free Look Period | If the policyholder does not agree with the terms and conditions, the policy must be returned within the 15-day free look period (or 30 days if it was obtained through distance marketing).Additionally, the policyholder should provide an explanation. However, the company will retain the right to deduct certain costs, such as those associated with a medical examination, from premium payments. |
| Grace Period | The premium for the Assured Income policy must be paid within a 15-day grace period beginning on the due date for payment. |
| Policy Loan | A loan option is included in this policy, allowing policyholders to borrow up to 85% of the insured amount. However, the fund must acquire the surrender value in order to obtain the loan. |
| Lapse | The policy will end and the coverage it provides will cease if the first three years’ premiums are not paid within the grace period. |
| Surrender Value | After three policy years, a policyholder will receive either the Guaranteed Surrender Value (GSV) or the Special Surrender Value (SSV), whichever is greater. |
| Nomination | Nomination facility is available based on Section 39 of the Insurance Act |
| Assignment | Assignment facility is available based on Section 38 of the Insurance Act |
| Auto cover | The insured will receive a one-year auto cover after paying three full premiums and the subsequent premiums. |
Tax Benefits – How you can save with the Future Generali Assured Income Plan
This policy comes with a few tax advantages. These are the main ones:
- According to the Income Tax Act’s Sections 80C and 80CCC, premiums paid can be deducted.
- Based on Section 10 (10D) of the Income Tax Act, survival benefit and death benefit deductions will apply.
Why you should buy the Assured Income Plan by Future Generali?
Future Group and Generali Insurance of Italy have formed a joint venture called Future Generali. In order to provide exclusive policies to its more than 12.6 lakh customers, the company combines the insurance expertise of the Italian giant with the local knowledge of the Future Group. In addition, the company settles more than 180,000 claims annually, making it one of the highest claim settlement ratios in the nation. This company’s presence in more than 130 Indian cities and the presence of over 6,000 agents who are available 24 hours a day is another important aspect.
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