Future Generali Pension Guarantee

This is a Non-Linked, Non-Participating Plan.It offers guaranteed benefits either on maturity or on an earlier unfortunate demise. In short, here is a plan that guarantees you a comfortable retired life.

Key Features

  • It creates a savings corpus for your retirement.
  • At maturity, a minimum return of 101% of all premiums paid is guaranteed and
  • Additionally, bonuses, if declared, are added throughout the Policy Term


  • Maturity Benefit
Maturity Sum Assured plus accrued bonuses on the policy will be payable to the policyholder on vesting. The policyholder has an option of:
Utilizing the entire proceeds to purchase a single premium deferred pension plan.
Commuting the maturity proceeds as a lump sum amount to the extent allowed under Income Tax act and balance amount to be utilized to purchase an immediate annuity from Future Generali India Life Insurance Co. Ltd. (FGILICL), which shall be guaranteed for life, at the then prevailing annuity rate.
Extending the term under the same policy (provided the policyholder is below 55 years of age) so as to get the entitlement of the maturity proceeds afterwards.
  • Death Benefit
In case of an unfortunate demise of the policyholder any time during the Policy Term, the nominee receives the sum of all premiums excluding service tax and extra premiums paid till date of death plus accrued bonuses till date of death.
  • 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 20 years 70 years
MATURITY AGE 40 years 80 years
POLICY TERM 10 years 15 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

  • No loan available for this scheme