Future Generali Care Plus

An economical insurance plan that protects your family from unfortunate things. This plan is the simplest form of life insurance. It offers you protection at affordable premiums. There are no Maturity or Surrender Benefits. A term plan is one which gives only death benefits and does not provide any benefits on the survival of the policy holder till the end of the policy term.

Key Features

  • It offers a high life cover at low premium.
  • It provides an excellent option to safeguard your family against your loans and liabilities.
  • This plan assures financial security to your family in case you are not around

Benefits

  • Maturity Benefit
No maturity benefit is available on this policy.
  • Death Benefit
In case of unfortunate death of the Life Assured, then the following benefit is payable to the Nominee.
Higher of:
1. Sum Assured
2. 10 times Annualised Premium
3. 105% of the total premiums paid till date of death excluding Goods and Services Tax, extra premiums and rider premiums, if any.
  • 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?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 18 years 60 years
MATURITY AGE - 65 years
SUM ASSURED Rs.10,00,000 No Limit
POLICY TERM 5 years 30 years
PREMIUM PAYMENT TERM SAME AS POLICY TERM
PAYMENT MODES ANNUAL, HALF YEARLY, MONTHLY

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

  • Loan options are not available in this policy.

Exclusions

  • 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.