Future Generali Immediate Annuity Plan

Future Generali Immediate Annuity Plan is a Traditional Non-Participating Plan where the policy holder gets the benefit in the form of regular income throughout their life.

Key Features

  • Lifetime Income to the Annuitant
  • Flexible payout modes - monthly or yearly
  • Option of Annuity card which ensures convenience in receiving Annuity amount
  • Option to choose any one of the two payout options
  • Tax benefits as per prevailing tax rules

Benefits

  • Maturity Benefit
There is no maturity benefit for this plan.
  • Life Annuity
You receive a fixed annuity for the rest of your life. In case of your unfortunate demise, the policy terminates.
  • life Annuity with Return of Purchase Price
You receive a fixed annuity for the rest of your life. In case of your unfortunate demise, the purchase price is paid to the nominee and the policy terminates
  • 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 40 years 80 years
MATURITY AGE - -
SUM ASSURED - -
POLICY TERM Life time of the policy holder
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

  • 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

  • No loan option for this policy