Future Generali Assured Education Plan

This is a Non-Linked, Non-Participating Plan. This insurance plan is designed to provide for the policy holders child’s education milestones. All benefits under this plan are Guaranteed.

Key Features

  • The plan enables the insurer to save systematically until their child turns 17 years, for his/her graduation or post-graduation college fees.
  • It offers three options to receive Guaranteed Payouts, depending on the child’s education milestones, so that they receive the money when it is actually needed.
  • The insurers child’s education is secured even in case of an unfortunate event in their life.
  • The insurer can further strengthen their plan by opting for riders which cover them against an accidental death and accidental total and permanent disability.
  • They are eligible for tax benefits as per prevailing tax laws


  • Maturity Benefit
The insurer receives Guaranteed Payouts. These payouts are designed in such a way that the policy holder is sure to use it only for payment of admission or tuition fees.
  • Death Benefit
In case of the policy holders unfortunate demise during the Policy Term.
1) Waive all future premiums payable under the policy.
2) Immediately pay Guaranteed Death Sum Assured to ensure your family’s immediate needs are taken care of.
3) Pay 5% of the Sum Assured immediately and on every death anniversary of the Life Assured till their child turns 17 years.
4) Pay Maturity Benefit (100% of Sum Assured)
  • 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 0 (Age of the child) 10(Age of the child)
MATURITY AGE 35 years 67 years
POLICY TERM 7 years 17 years
PREMIUM PAYMENT TERM Same as 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

  • During the first three years, if premiums are not paid within the Grace Period the policy will lapse. After the first three years, if premiums are not paid within Grace Period, the policy will be made ‘Paid-Up’ and the Sum Assured will be reduced. The Sum Assured payable on death will be reduced in the same proportion as the ratio of number of premiums paid to the total premiums payable under the policy.

I wish to take a loan

  • The policy holder may apply for a loan after their plan has acquired a Surrender Value. The loan amount can be from a minimum of `10,000 up to a maximum of 85% of the Surrender Value.



  • If the Life Assured commits suicide within one year from the policy commencement date, the policy will be void and only 80% of the premiums paid will be payable as Death Benefits. If the Life Assured commits suicide within one year from the revival date of the policy, if revived, the higher of, 80% of the premiums paid till the date of death and Surrender Value, will be payable as Death Benefits.