Future
Generali launches Future Generali Secure Income
A unique traditional endowment plan with annual income benefits
·
A Savings cum insurance plan that enables wealth
creation through compounded reversionary bonuses during premium payment term
·
Payment of accrued bonuses after premium payment
is over
·
Guaranteed Annual Cash Back at 5.5% of sum assured
plus cash bonus every year after premium payment term / accrual period till
maturity
·
Maturity benefit as 100% of sum assured plus
terminal bonus,
·
Lump sum payment of sum assured along with –
o
all accrued bonuses on death during the premium
payment term or accrual period
o
terminal bonuses, if any, on death after the
premium payment term or accrual period before maturity
·
Choice of riders with added flexibility to enhance
protection
Mumbai: Future Generali
India Life Insurance Company, the Insurance joint venture between Future Group
of India and Generali Group of Italy, today announced the launch of an exclusive
traditional endowment plus money-back plan – Future Generali Secure Income plan. The plan not only offers flexibility to choose the premium
payment term, but also the number of years to receive guaranteed income after
the premium payment term is over. In addition to this, the policy holder
receives annual cash bonuses.
Future Generali Secure Income
plan can be purchased from a low ticket size of Rs.
10,000 to a maximum amount based on maximum sum assured. FG Secure
Income plan is available for customers in the age group of 0 to 60 years and
for terms ranging from 15 to 65 years. On completion of premium payment/accrual
period, accrued compounded reversionary bonuses are paid. 5.5% of sum assured
is paid as guaranteed annual cash back plus cash bonuses till end of policy
term. On maturity, if the policy is in-force, the policyholder will receive the
sum assured plus the terminal bonus, if any, as maturity benefit.
In case of unfortunate demise of
the life assured during the premium paying term or the accrual period, provided
all the due premiums have been paid, the sum assured plus the accrued bonuses
will be paid to the nominee.
In the event of unfortunate
demise of the life assured during the cash back period, provided all due
premiums have been paid, 100% of the sum assured plus the terminal bonus, if
any, will be paid to the nominee irrespective of the cash backs already
received.
Future Generali Secure Income
Plan offers a great degree of flexibility through rider options, such as
Accidental Death Benefit Rider, Saral Term Benefit Rider and Premium Waiver
Benefit Rider, to further enhance protection cover.
Speaking to the media on the
occasion of the launch, Deepak Sood, MD & CEO, Future Generali India Life
Insurance Company said, “A planned, secure income gives customers the
confidence to follow their dreams. Future Generali Secure Income’s assured returns ensure complete care by
providing a guaranteed cash flow year after year. The plan provides
enduring financial security by ensuring timely and regular availability of
income that is so critical in these uncertain times. FGSI is also an ideal gift
for children, because parents can now leave behind for them the enduring gift
of financial security.”
Future Generali
is currently active through 191
offices with over 62, 000 licensed advisors. Besides this large network of
agents’ and offices, Future Generali also offers their Total Insurance
solutions across Future Group malls.
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