Future Generali Assure Plus

This is a traditional savings plan. This savings plan provides more than one benefit like risk cover, fixed income return, safety and tax benefit. Traditional plans are the oldest plans and are best suited for individuals who don’t like to take risks. These provides the sum assured and a guaranteed or vested bonus at the time of maturity. These plans are also suitable for tax planning purposes.

Key Features

  • The plan offers multiple term options to suit the policy holder’s needs. Based on their financial goals, they have the flexibility of paying for a limited period and staying invested for a longer period to reap higher benefits.
  • The policy holder can get a potential upside of their investments through compounded reversionary bonuses throughout the Policy Term.
  • The policy offers a life insurance cover that gives the policy holders family a lump sum amount as well as the vested bonuses and terminal bonus (if any) in the policy.


  • Maturity Benefit
In case the Life Assured survives till the end of the Policy Term, provided all due premiums have been paid, the Sum Assured plus accrued bonus and Terminal Bonus, (if any) will be payable. The policy terminates on the payment of Maturity Benefit.
  • Death Benefit
In case of an unfortunate demise of the Life Assured during the Policy Term, provided all due premiums have been paid till the date of death, the benefit payable to the nominee is the higher of:
1) Death Sum Assured plus vested bonus plus Terminal Bonus, if any.
2) 105% of total premiums paid (excluding service tax, extra premiums, if any).
Where Death Sum Assured is higher of:
1) Sum Assured, or
2) 10 times the annualized premium if age of the Life Assured is less than 45 years or 7 times the annualized premium if age of the Life Assured is greater than or equal to 45 years
  • Tax benefit
The Premium(s) paid by you are eligible for tax benefit available under the provisions of Section(s) 80C, 80 CCC (1), 80D, 10(10D) as applicable.

Am I eligible?

ENTRY AGE 3 years 55 years
MATURITY AGE 18 years 70 years
SUM ASSURED Rs.1,00,000 5 crore
POLICY TERM 15/20/25 years
PREMIUM PAYMENT TERM 7/10/12 for 15 year policy term
10/12/15/17 for 20 year policy term
12/15/17/20 for 25 year policy term

What if?

I am unable to pay on time

  • A grace period is provided based on the payment frequency. The policy is continued if you make the payment within the time period else the policy is lapsed.

I stop the payment

  • On the completion of the grace period the policy will get lapsed and the benefits cannot be claimed on the death of the life insured.

I wish to take a loan

  • No Loan is available under this policy.


  • If the policy holder commits suicide within one year from the policy inception date, the plan will be void and only 80% of the premiums paid will be payable as death benefit