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Product Information
Other Plans Future Generali Term with Return of Premium
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
Two options to choose from
Depending on your protection needs, you can opt between the following options. However, premium will vary depending upon the choice of option 
Option A: Lump sum Protection or 
Option B: Income Protection

Benefits:

fjrigjwwe9r3SDPrivInsuProd:Benefits
  • Option A - Lump sum Protection 
  • Under this option, the Death Benefit shall be paid to the nominee as a lump sum in the event of death. 
  • Option B - Income Protection
  • Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of policy.
      Your nominee also has an option to take the Death Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25% per annum compounded yearly.
Eligibility:
fjrigjwwe9r3SDPrivInsuProd:Eligibility

Parameter

Criterion

Entry Age (as on last Birthday)

18 years - 55 years

Maturity Age

28 years - 75 years

Plan Options

Option A: Lump sum Protection 
Option B: Income Protection

Policy Term

10 year - 35 years

Premium Payment Term

10 years - 15 years

Payout Period (Applicable only for Option B)

10 / 15 / 20 years

Sum Assured

Minimum - 
Option A: 2,00,000
Option B: 9,02,119
(For a minimum Monthly Income of 10,000)
Maximum - No limit (subject to underwriting)

Monthly Income (Applicable only for Option B)

Minimum - 10,000 
Maximum - No limit (subject to underwriting)

Premium Payment Frequency

Yearly, Half Yearly, Quarterly & Monthly

Premium amount.

Minimum Premium:
3,000# annually for Option A and 3,696# annually for Option B
2,000# half-yearly for Option A and B
1,000# quarterly for Option A and B
500# monthly for Option A and B

Maximum Premium: No Limit (as per Sum Assured)

Premium rates for female lives

An age setback of two years shall be applied to female lives for for female lives calculation of the premium rates. For females lives aged 18 & 19 years, premium rates of 18 years male shall apply.