Presenting Future Generali’s Triple Anand Advantage insurance plan, a plan with 3 in 1 benefits. It ensures that you save and receive money in a systematic manner so that when you need funds, you have them in order to materialise all your dreams. So go ahead, enjoy the triple benefits and live life with a smile.
|Entry Age||7 years||50 Years|
|Max age of Maturity||27 years||75 years|
|Premium||Rs. 15,000||No Limit|
|Premium Modes||Gold (Annual Premium = Rs. 25,000)||Platinum (Annual Premium > Rs. 25,000)|
|Yearly/Half-Yearly mode||Yearly/Half-Yearly/Quarterly/Monthly (ECS)|
|Policy Term||Premium Payment Term + 5 years|
|Premium Paying Term||15 or 20 years|
|Minimum Sum Assured||Rs. 2,00,000|
|Premium Payment Frequency||Annual, Semi-Annual and Monthly|
|Notes :- Maximum Annualised Premium which can be opted under the Platinum option is Rs.2,00,000.|
|Summary of Benefits|
|Your Benefits||15 Year PPT||20 Year PPT|
|Regular Payouts||10% of Sum Assured every year from the end of the 15th year till end of the 19th policy year.||10% of Sum Assured every year from the end of the 20th year till end of the 24th year.|
|Lump Sum Payout||50% of Sum Assured + Compounded Reversionary bonuses1 (if any) + Terminal Bonus2 (if any) at end of 20th year.||50% of Sum Assured + Compounded Reversionary bonuses1 (if any) + Terminal Bonus (if any) at end of 25th year.|
|Extended Cover Benefit||100% of Sum Assured on turning 80 years or 100% of Sum Assured paid to the nominee in case of death before 80 years.|
|1. Compounded Reversionary Bonus||At the end of each financial year, the Company may declare a bonus expressed as a percentage of the Sum Assured and all previous bonuses declared. The bonus of each year is added to the Sum Assured and the next year’s bonus is calculated on the enhanced amount.|
|2. Terminal Bonus||The Company may declare a discretionary terminal bonus which is payable on death or maturity of the plan|
|Surrender Value||The amount payable on surrender will be higher of the Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV).|
|Guaranteed Surrender Value||• The GSV shall be X% of total premium paid (excluding taxes, rider premium and extra premiums, if any) plus Y% of vested Compound Reversionary Bonus, if any|
|Where X% and Y% are as given in the Table below.|
|Policy Year of Surrender||X% (GSV Factor for Premiums)||X% (GSV Factor for Premiums) Y% (GSV Factor for Vested Bonus)|
|Premium Payment Term||Premium Payment Term|
|26 & Above||70.00%||70.00%||87.00%||87.00%|
|Notes :- Any benefits paid will be deducted from the Guaranteed Surrender Value.|
|Special Surrender Value||It is calculated as: [(Special Surrender Value Factor for Sum Assured) x (Paid-up Sum Assured)] plus [(Special Surrender Value Factor for Vested Bonus) x (Vested Compound Reversionary Bonus)]|
|Any benefits paid would not be deducted from the Special Surrender Value|
|A policy terminates on surrender and no further benefits are payable under the policy.|
|Non-Payment of Premium||Non-payment of due premiums during the first three policy years|
|If due premiums for the first three (3) policy years have not been paid within the grace period, the policy shall lapse. All risk cover ceases while the policy is in lapsed status. The Policyholder has the option to revive the policy within two years from the date of first unpaid due premium. In case the policy is not revived during the revival period|
|Provided the Policyholder has paid premium for atleast first two (2) Policy years and subsequent premiums have not been paid, a lapse value equal to 30% of the premiums paid|
|Provided the Policyholder has not paid premium for the first two years in full, no lapse value (benefit) shall be payable at the end of revival period and the policy will terminate|
|Paid-Up Value||If due premiums for the first three policy years have been paid and any subsequent premium is not paid within the grace period, the policy will be converted to a Paid-Up policy and the Sum Assured and Death Sum Assured will be reduced in the same proportion as the ratio of number of premiums paid to the total number of premiums payable under the policy|
|In case of Death of the Life Assured during the Policy Term, reduced Death Benefit along with accumulated bonuses, if any, till the date of first unpaid premium, will be paid to the nominee and the policy will terminate.|
|Survival and Extended Benefits will be paid as percentage of reduced Paid-Up Sum Assured|
|You can surrender your Paid-Up policy anytime.|
No riders are available under this product
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 will be as per Section 80C & Section 10(10D) of the Income Tax Act, 1961
Know Claim Process of Future Generali Triple Anand Advantage
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.
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₹. 3,900/ Month.