Robinhood Insurance Broker Private Limited

Product Info

UIN

133N054V01

Status

Active

Launch Date

05/12/2014

Withdrawn Date

Product Overview

Future Generali Assured Income Plan comes with 2 term options, at the end of which, you enjoy regular assured annual income plus an additional benefit up to 4.5 times your annualised premium, depending on your age. What’s more, you get a life cover and are sure that your savings are safe and multiplying.

Product Description

  • Guaranteed Income - Pay premiums only for 11/15 years and get guaranteed payouts for the next 11/15 years.
  • Additional Benefit - Receive up to 4.5 times your annualised premium along with the last payout
  • Death Benefit - Depending on your age and the term you choose for your policy, you are covered for amounts ranging from 17.5 to 34.5 times your annualised premium.

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 Income Plan is a traditional endowment plan which provides guaranteed income and doesn’t have bonus facility.
  • This plan comes with 2 term (11 years and 15 years) options, at the end of which you enjoy regular assured annual Income for 11 years and 15 years respectively plus an additional benefit up to 4.5 times your annualized premium, depending on your age.
  • After the end of the premium paying term, a guaranteed annual payout of 1.5 times or 2 times of the annualized premium is paid for 11 years or 15 years for policy term 11 years and 15 years respectively.
  • In case of death of the life assured sum assured is paid and the annual guaranteed payouts are paid to the nominee for the specified period of 11 years or 15 years.

Eligibility Criteria

Eligibility Criteria
Entry Age
(Age mentioned refers to age as on last birthday)
7 to 50 years for a 11-year term
5 to 50 years for a 15-year term 
Notes :- For a minor Life Assured, the risk will commence immediately on the policy commencement date
Maturity Age 18 to 65 years
Policy Term 11 years or 15 years
Premium Payment Term 11 years for Policy Term of 11 years, 15 years for Policy Term of 15 years
Annualised Premium For 11-year term Rs. 35,000 for age 7 to 50 years
For 15-year term Rs. 35,000 for age 5 to 44 years
 Rs.75,000 for age 45 to 50 years
Sum Assured Multiple of Annualised Premium (Excluding taxes and extra premium, if any
 Entry Age  Policy Term 11 years  Policy Term 15 years
5-6 NA 34.5
7-17 21.0 34.5
18-30 20.5 34.0
31-35 20.0 33.5
36-40 19.5 33.0
41-45 19.0 32.5
46-50 17.5 31.0
Premium Payment Frequency Annual only
Payout Term For a 11-year Policy Term : Payout term is 11 years, and
For a 15-year Policy Term : Payout term is 15 years

OneInsure App Benefits

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

Product Benefit

Benefit Description
Maturity Benefit 11-Year Term 15-Year Term
11 annual installments of 1.5 times your
Annualised Premium from the end of the 12th year to the 22nd year  +  
15 annual installments of 2 times your Annualised Premium from the end of the 16th year to the 30th year    +   
Additional benefit at the end of the
22nd year based on age at entry shall be paid
Additional benefit at the end of the
30th year based on age at entry shall be paid
Total Benefit 17.5 to 21 times of Annualised Premium
depending upon your age, when you
purchased the policy
31 to 34.5 times of Annualised Premium depending upon your age, when you purchased the policy
Lump Sum  The Lump Sum Maturity Benefit is equal to the value of installments as mentioned above, discounted at a compound interest rate of 6.5% p. a.
Notes :- At the inception of the policy, you can opt to take your Maturity Benefit as Lump Sum at the Maturity Date.
Death Benefit 10 times Annualised Premium (excluding taxes and extra premiums, if any),   OR
105% of total premiums paid (excluding taxes and extra premiums, if any) as on date of death, OR
Maturity Sum Assured

Other Policy Features

Feature Description
Additional Benefit Benefit paid along with the last payout
Entry Age Multiple of Annualised Premium (Excluding taxes and extra premium, if any)
5-6  4.5
(not applicable for 11-Year Policy Term)
7-17  4.5
18-30 4.0
31-35 3.5
36-40 3.0
41-45 2.5
46-50 1.0
Auto Cover After payment of at least 3 full premiums, if you are not able to pay premium within the Grace Period, you will get an Auto Cover of one year.
 
Non-payment of premiums during the first 3 years
If any due premiums for the first 3 policy years have not been paid within the Grace Period, the policy shall lapse .
All risk 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 the interest.
 If the plan is not revived, lapse value equal to 30% of the premiums (excluding taxes and extra premiums,
if any) will be paid at the end of the Revival Period and the policy will terminate.
Non-payment of premiums after the first 3 years
 Provided the policy is not in Auto Cover period, the policy will be converted to a Paid-up Policy from last unpaid premium due date
Death Benefit and Maturity Benefit will be reduced in proportion to the number of premiums paid to the
number of premiums payable under the policy
 On death before the end of the Policy Term, while the policy is in Paid-up condition, the reduced Death
Benefit is equal to  (Number of Premiums paid/Total number of Premiums Payable)* Death Sum Assured
On survival of Life Assured till maturity, while the policy is in a Paid-up status, the reduced Maturity
Benefit is equal to
(Number of Premiums Paid/Total number of Premiums Payable)* Maturity Sum Assured
The Policyholder has the option to revive the policy within 2 years from the date of the first unpaid due
premium. A Paid-up Policy cannot be revived once the Policy Term is over
 
Surrender Value The amount payable on surrender will be higher of the Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV).
The plan will acquire a Surrender Value, after all the due premiums have been paid for the first 3 full years. Once the plan is surrendered, all benefits under the plan will immediately terminate and it will not be eligible for revival
 
Guaranteed Surrender Value
Policy Year of Surrender 11 years Policy Term 15 years Policy Term
 3 30% of premiums paid 30% of premiums paid
4  -  7 50% of premiums paid 50% of premiums paid
8 60% of premiums paid 55% of premiums paid
9 70% of premiums paid 60% of premiums paid
10 80% of premiums paid 65% of premiums paid
11 90% of premiums paid 70% of premiums paid
12 Not Applicable 75% of premiums paid
13 Not Applicable 80% of premiums paid
14 Not Applicable 85% of premiums paid
15 Not Applicable 90% of premiums paid
 
Special Surrender Value Special Surrender Value = Special Surrender Value Factor x (Number of Premiums Paid/Total number of premiums payable)* (Sum of total benefits payable during payout period as described under the Maturity Benefit)
Loan You may avail of a loan once the policy acquired Surrender Value. The maximum amount of loan that can be availed is up to 85% of the Surrender Value

Add-ons

Not Available

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 Income 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