Robinhood Insurance Broker Private Limited

Product Info

UIN

133N057V01

Status

Active

Launch Date

27/05/2015

Withdrawn Date

Product Overview

A plan that arms you with the necessary funds to help your child gain admission into one of the finest colleges. This gives your child an ideal launching pad for a bright career. And you can be rest assured that, no matter what happens in the future, your child’s education will never get compromised.

Product Description

  • Your child’s education is secured even in case of an unfortunate event in your life.
  • It offers you three options to receive Guaranteed Payouts,depending on your child’s education milestones,so that you receive the money when it is actually needed.
  • The plan enables you to save systematically until your child turns 17 years,for his/her graduation or post-graduation college fees.
  • Eligible for tax benefits as per prevailing tax laws.

COMPARE & BUY SIMILAR PLANS

I hereby authorize OneInsure to communicate with me on the given number for my Insurance needs.
I am aware that this authorization will override my registry under NDNC.

THANK YOU!

Unique Features

  • Future Generali Assured Education Plan is a traditional child plan without bonus.
  • The plan provides fixed regular payouts. It has 3 payout options which ascertains how much percentage of sum assured is paid in which year starting when the child turns 17 years of age.
  • In case of death of the parent, sum assured is paid immediately plus all the future premiums are waived off plus 5% of sum assured is paid till the time child turns 17 years plus survival benefit payout as chosen will be paid as and when due.

Eligibility Criteria

Eligibility Criteria
  Minimum Maximum
Entry Age of the child 0 10 Years
Entry Age of the Parent 21 Years 50 Years
Maturity age of the parent 35 Years 67 Years
Policy Term 17 years minus age of the child at the time of purchase, i.e. mini of 7 years
If the child’s age is 10 years to max.of 17 years in case of a new born child.
Premium Paying Term Will be same as Policy Term
Premium Payable Minimum Rs. 20,000 annually
Rs. 2,000 monthly
Premium Payment Frequency The premiums can be paid in Annual or Monthly modes only. Monthly premiums can only be paid by Electronic Clearing System (ECS).
Notes :- The premium for monthly mode is 8.83% of the annual premium.

OneInsure App Benefits

Store Digitally  |  Get Premium Reminders  |  Service and Claim assistances  |  Empower Nominee
Download OneInsure App :

Product Benefit

  • Maturity Benefit :
    100% of Sum Assured is paid in the manner as opted by you at inception
  • Death Benefit :
  1. 5% of the Sum Assured on death and on every death anniversary of the Life Assured during the Policy Term.
  2. Maturity Benefit in the manner as opted by you at inception

 

Other Policy Features

Feature Description
Payout Options You can choose to receive benefits based on your child’s education needs as follows, when your child turns 17 years of age
Age of your Child Payout Period Option A Option B Option C
17 years End of Policy Term 40% of Sum
Assured
10% of Sum
Assured
100% of Sum
Assured
18 years Policy Term + 1 year 30% of Sum
Assured
10% of Sum
Assured
NIL
19 years Policy Term + 2 years 20% of Sum
Assured
10% of Sum
Assured
NIL
20 years Policy Term + 3 years 10% of Sum
Assured
70% of Sum
Assured
NIL
           
Non-payment of premiums during the first 2 years
• If any due premiums for first 2 policy years have not been paid within the Grace Period, the
policy shall lapse and shall have no value
•  All risk cover ceases while the policy is in lapsed status.
• You have the option to revive the plan within 2 years from the date of the first unpaid due premium. You will be required to pay arrears of premium along with interest.
• If the plan is not revived by the end of the Revival Period, the policy will terminate and no benefits are payable
Non-payment of premiums after the first 2 years
• Paid-up Sum Assured = (No. of premiums paid/Total No. of premiums payable) x Sum Assured
• Maturity Benefit will be paid as percentage of Paid-up Sum Assured
• Death Benefit paid is
• Reduced Paid-up Death Sum Assured given immediately to the nominee on death of the Life Assured
• 5% of the Paid-up Sum Assured given on death and on every death anniversary of the Life Assured during the Policy Term
• Maturity Benefit as percentage of Paid-up Sum Assured
• You can revive your Paid-up Policy within a period of two years from the due date of the first unpaid premium
• You can surrender your Paid-up Policy anytime
 
Surrender Value: On surrender, the higher of the Special Surrender Value (SSV) and the Guaranteed Surrender Value (GSV) will be paid.
Guaranteed Surrender Value The GSV shall be a percentage of total premium paid (excluding taxes, rider premium and extra premium, if any).
Special Surrender Value SSV will be calculated as: (Number of premiums paid/Total number of premiums payable) x Sum Assured x SSV factors

Add-ons

  • Future Generali Non-Linked Accidental Death Rider :
    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 and Permanent Disability Rider :
    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.

Exclusions

If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of reinstatement of the Policy, the Policy shall be void and the Company will only be liable to pay the higher of 80% of premiums paid or the surrender value.

Tax Benefits

Tax benefits will be as per Section 80C & Section 10(10D) of the Income Tax Act, 1961

Claim Process

Know Claim Process of Future Generali Assured Education Plan

Claim Process

Company Overview

Future Generali Life Insurance is a joint venture between three leading groups: Future Group - A leading retailer of India, Generali Group - A global insurance group that features among the top 50 largest companies of the world and Industrial Investment Trust Limited (IITL) - A leading investment company.Future Generali Life Insurance, incorporated in September 2007, is present across 84 branches.

BENEFITS OF BUYING FROM ONEINSURE

OneInsure is owned by Robinhood Insurance Broker Pvt. Ltd.

Robinhood is known for its user & customer centric approach. We take care of all the phases of insurance, whether you've bought the policy from us or not.

10
YEARS OF JOURNEY
50,000
HAPPY CUSTOMERS
APP SUPPORT
500+
INSURANCE EXPERTS
7
CITIES
23
OFFICES

That’s a good decision!

By clicking on the “SUBMIT” button, I accept the Terms & Conditions and authorise OneInsure representatives to contact me via Call / SMS / Email

THANK YOU!

A OneInsure representative will call you shortly.

Tab 2

2 burgers per month

burger₹ 700
Your yearly cost on fast food = roughly ₹ 8,400
price
Cost of Health Insurance for whole family with ₹ 5 lakhs cover!

Tab 3

That’s a good decision!

By clicking on the “SUBMIT” button, I accept the Terms & Conditions and authorise OneInsure representatives to contact me via Call / SMS / Email

THANK YOU!

A OneInsure representative will call you shortly.

Get ₹. 50 Lakhs
on retirment by saving
₹. 3,900/ Month.

BUY NOW