Future Generali Pearls Guarantee

This is a Non-Linked, Non-Participating Life Insurance Plan with limited premium payment term. As the name of this plan suggests, the two pearls referred to herein are ‘Protection’ & ‘Cashback’, both of which are guaranteed. One of the best features of this product is the limited Premium Paying Term. After which, at the end of every year, the policy holder will receive a guaranteed cash back of 10% of the Sum Assured for the rest of the Policy Term. In case of an unfortunate demise during the Policy Term, 120% of the Sum Assured will be paid.

Key Features

  • Premiums to be paid for 10/12 years only depending on your Policy Term
  • Guaranteed* cashbacks payable after Premium Payment Term @10% of Sum Assured every year
  • 70% of Sum Assured is paid on maturity
  • 120% of the Sum Assured is payable on demise of the Life Assured


  • Maturity Benefit
In case of survival of Life Assured during the Policy Term, guaranteed cashbacks as percentage of Sum Assured are paid after Premium Payment Term till maturity, provided all due premiums have been paid.
  • Death Benefit
In case of your unfortunate demise during the Policy Term, a lump sum amount will be payable to your nominee as Death Sum Assured. In order to ensure that your family is always adequately protected, the Death Sum Assured shall be highest of the following:
1) 15 times Annualized Premium, or
2) 125% of total premiums paid as on date of death, or
3) Maturity 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.
  • Surrender benefits
The Company will pay a Special Surrender Value, which is either equal to or more than the Guaranteed Surrender Value. This value will depend on the duration for which premiums have been paid and the policy duration at the date of surrender. In some circumstances, in case of early termination of the policy, the Surrender Value payable may be less than the total premium paid.

Am I eligible?

ENTRY AGE 7 years 55 years
MATURITY AGE 23 years 73 years
POLICY TERM 16 years 18 years
PREMIUM PAYMENT TERM 10 years 12 years

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 is available under this policy



  • 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 will be payable as Death Benefit. 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 Benefit.