Future Generali New Saral Anand

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. This plan has a 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 materialize all your dreams.

Key Features

  • Receive a Lump Sum amount when your policy matures. The Lump Sum includes the following: Sum Assured + Compounded Reversionary Bonuses (if any) + Terminal Bonus (if any)
  • Receive another Lump Sum, an amount equal to the Sum Assured when you turn 100. In case of your unfortunate demise after the Policy Term but before you turn 100, rest assured, this benefit will be paid to your nominee.


  • Maturity Benefit
Once your policy matures at the end of the Policy Term and if you have paid all your due premiums, you will receive a Lump Sum payout equal to 100% of the Sum Assured plus any declared Compounded Reversionary Bonuses plus any Terminal Bonus, which is called the 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.
  • Survival Benefit
If you have paid all your premiums till the completion of the Premium Payment Term, you will receive 5 annual payouts equal to 10% of your Sum Assured which is called the Survival Benefit. These payouts will begin at the end of the same year in which you paid your last premium.
  • Extended Life Cover
The insurance cover will be active till you turn 80. Once you reach 80 years of age, you will receive another lump sum payment equal to 100% of your Sum Assured which is called Extended Cover Payout In case of the policy holders unfortunate demise after maturity but before you turn 80 years, your nominee will receive 100% of your Sum Assured
  • 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.
  • Terminal Bonus
The Company may declare a discretionary terminal bonus which is payable on death or maturity of the plan.

Am I eligible?

ENTRY AGE 3 years 50 years
MATURITY AGE 18 years 70 years
POLICY TERM 15 years 20 years
PREMIUM PAYMENT TERM Equal to 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

  • Loan options are available for this policy


  • If the Life Assured commits suicide within one year from the plan inception date, only 80% of the premiums paid will be payable as Death Benefit. If the Life Assured commits suicide within one year from the revival date of the plan, if revived, the higher of, 80% of the premiums paid till the date of death and surrender value, will be payable as Death Benefit