Future Generali India Saral Bima Life Insurance Plan and Policy
Future Generali India Saral Bima Life Insurance Plan and Policy -
- It gives you a guaranteed life insurance cover throughout the Policy Term.
- You get a guaranteed maturity amount at the end of the Policy Term.
- You get tax benefits as per the prevailing tax laws.
Benefits - Future Generali India Saral Bima Life Insurance Plan and Policy
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Maturity Benefits
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Get Sum Assured as Maturity Benefits at the end of the Policy Term.
Death Benefits
- In the event of an unfortunate demise of the Life Assured during the Policy Term, the Death Sum Assured is paid to the nominee. The policy terminates on the payment of Death Benefits.
Death Sum Assured means, higher of:
- 10 times annualised Premium or
- Sum Assured or
- 105% of total Premiums paid (excluding Goods & Services Tax and extra Premiums if any) till the date of death
Target Group
For customers looking for a tax saving life insurance plan that provides convinience to choose coverage period and guaranteed lumpsum amount that you want to receive at the end of the period. -
Exclusions - Future Generali India Saral Bima Life Insurance Plan and Policy
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Suicide Exclusion: If the Life Assured commits suicide within one year from the policy commencement date, the policy will be void and only 80% of the premiums paid will be payable as Death Benefits. If the Life Assured commits suicide within one year from the revival date of the policy, if revived, the higher of, 80% of the premiums paid till the date of death and Surrender Value, will be payable as Death Benefits.
Eligibility - Future Generali India Saral Bima Life Insurance Plan and Policy
| Age at Entry7 to 55 years | Age at Maturity18 to 70 years | Minimum PremiumRs. 9,000/-per annum | Maximum Sum AssuredRs. 5 Crores | Policy Term (PT)10 to 20 years | Premium Payment TermEqual to the Policy Term |
Riders - Future Generali India Saral Bima Life Insurance Plan and Policy
You can further strengthen your financial security by opting to purchase a suitable rider. A rider is an add-on insurance plan that provides you additional insurance cover along with your regular insurance plan by paying an additional nominal premium.
There are two rider options available under along with this plan.
Future Generali Non Linked Accidental Death Rider (UIN: 133B023V01)
This add-on plan provides an additional insurance cover in case of accidental death resulting from an accident. The cover amount will be paid to your family.
Future Generali Non Linked Accidental Total & Permanent Disability Rider (UIN:133B024V01)
This add-on plan provides an additional insurance cover in case of total and permanent disability resulting from an accident. The cover amount will be paid on confirmation of the total and permanent disability.
DISCLAIMERS
Future Generali Saral Bima (UIN: 133N051V02)
- Tax benefits are subject to change as per tax laws.
- For more details on risk factors, terms and conditions please read the sales brochure and/or sample policy document on our website carefully and/or consult your advisor before concluding the sale.
- Insurance is the subject matter of solicitation.
FREE LOOK CANCELLATION:
You have a period of 15 days (30 days if the policy is sold through Distance Marketing Mode) from the date of receipt of the Policy document to review the terms and conditions of the Policy. If you are not satisfied with or disagree with any of the terms and conditions, you have the option to Cancel/withdraw and return the Policy along with a letter (dated and signed) stating your intention to cancel the Policy and reasons for the objections/Cancellation, within this period. Cancellation of Policy and refund of premium is allowed under this provision, whereby the amount payable on such cancellation will be equal to the total premium paid less a proportionate cost of insurance for the period of cover and expenses towards Policy stamp duty and medical examination, if any.
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