Future Genarali Pramukh Nivesh ULIP

This is a unit linked insurance plan. In this policy, the investment risk in the investment portfolio is borne by the policyholder. The linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the money invested in linked insurance products completely or partially the end of the fifth year. This is a single premium Unit Linked, Non-Participating Insurance Plan with no Premium Allocation Charges, ensuring that smart investors get a perfect combination of insurance protection and optimal returns on their investment. With no upper limit on investible premium and the freedom to choose amongst 6 different funds, this plan is tailor-made for investors demanding best returns.

Key Features

  • Maximises investment potential through 0% Premium Allocation Charge .
  • 1% Policy Administration Charge (subject to maximum of `6,000 only) in first year
  • Guaranteed income – Get guaranteed income for 12 years after the end of policy term.
  • Offers a choice of 6 investment funds to match your risk appetite
  • Secure maturity amounts through Systematic Transfer Fund option
  • Offers liquidity through Partial Withdrawals


  • Maturity Benefit
On maturity of the policy, the Fund Value (market value of the investment) as on the date of maturity is paid.
  • Death Benefit
In the unfortunate event of the Life Assured passing away, the Fund Value and Sum Assured is paid to his/ her nominee. At no time, this amount can be lesser than 105% of the premium paid
  • Choice of investment
The policy holder’s premium is invested in unit funds of their choice. Currently, they have a choice of six investment funds, thereby, providing you them flexibility in directing their investments to any or all of the following Unit Linked Funds of the company. The funds are invested in a mix of cash/other liquid investments, fixed income securities and equity investments in line with their risk profile.
  • Surrender benefits
padding-left:40pxIf the policy holders financial plan demands, they may choose to surrender their policy after 5 years to receive Surrender Benefits (value of fund investments) without any charges.

Am I eligible?

ENTRY AGE 7 years 70 years
MATURITY AGE 18 years 75 years
SUM ASSURED Age 7 to 49 years:(1.25 x Policy Term) x Annual Premium
Age 50 to 54 years:(1.25 x Policy Term) x Annual Premium
Age 55 to 70 years:(1.25 x Policy Term) x Annual Premium
Age 7 to 49 years:(5 x Policy Term) x Annual Premium
Age 50 to 54 years:(3 x Policy Term) x Annual Premium
Age 55 to 70 years:(1.25 x Policy Term) x Annual Premium
POLICY TERM 5 years 20 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

  • 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 is not available for this policy



  • If the Life Assured commits suicide within one year from the Policy Commencement Date, whether sane or insane at the time, the Company will limit the Death Benefit to the Fund Value as available on the date of death and no insurance benefit will be payable. Any charges recovered subsequent to the date of death shall be paid back to nominee or beneficiary along with Death Benefit. There is no other exclusion on the policy except suicide claim in the first year of risk coverage