Future Generali Pearls Guarantee Plan

Future Generali Pearls Guarantee is a life insurance plan which has been designed to cater to individuals who are looking to gain more out of their investment. This plan offers both protection and financial stability, ensuring that members are secure at all times. Flexibility and ease of use make this product ideal for the modern individual who wishes to avail the benefits of Future Generali life insurance without compromising on his/her lifestyle.

Eligibility Criteria for Future Generali Pearls Guarantee

Minimum entry age 7 years
Maximum entry age 55 years
Minimum age at maturity 23 years
Maximum age at maturity 73 years
Minimum premium Rs 10,000 per year

Key Features of Future Generali Pearls Guarantee

Plan type Non-linked, Non-participating Life Insurance Scheme
Plan basis Single/Individual
Policy term
  • 16 years
  • 18 years
Premium payment term
  • 10 years for 16 year policy
  • 12 years for 18 year policy
Maturity benefit 10% of sum assured is paid every year after premium payment term ends, until the policy matures
Premium payment frequency Yearly, half-yearly, quarterly and monthly
Loan No loan facility available
Surrender value Surrender value can be paid after the policy has been in existence for a minimum of 3 years
Free look period
  • Policies purchased through distance marketing have a free look period of 30 days
  • All other policies have a free look period of 15 days
Grace period
  • 15 days for monthly premium mode
  • 30 days for all other modes
Revival/Renewal Lapsed policies can be renewed by paying all premiums and fines. Renewal is possible only within 2 years of first unpaid due
Sum assured Variable sum assured, depends on policy term and entry age of individual
Policy coverage Maturity Benefit, Death Benefit

Benefits/Advantages of Future Generali Pearls Guarantee

Some of the key benefits of are listed below.

  • Limited premium payment – Policyholders need to pay premiums only for a limited period, enjoying extended benefits even post premium payment.
  • Assured cashback – Policyholders are eligible to earn assured cashback on their premiums.
  • Flexibility – Eligible individuals can choose a policy term which suits their needs.
  • Tax benefits - Policyholders are entitled to tax benefits under Section 80C of the Income Tax Act.
  • Discounts – Individuals who opt for a high sum assured are eligible for discounts on their premiums.
  • Maturity benefit – Policyholders are entitled to a maturity/survival benefit wherein 10% of the sum assured is paid to them every year after the PPT ends, and upto maturity. In addition to this, they also receive 70% of the sum assured on maturity.
  • Death benefit – In the unfortunate event of demise of a policyholder, a death benefit equivalent to 120% of the sum assured will be paid to the nominee.

Working of Future Generali Pearls Guarantee

Let us consider the example of Mr. Krishna, a 40 year old writer to understand the working of this plan. Mr. Krishna decides to invest in a plan with a 16 year term, with the Sum Assured being Rs 10 lakhs. He opts to pay the premium every quarter, with the policy requiring him to pay it for 10 years.

The working of this plan can be explained in the following scenarios.

Scenario 1: Mr. Krishna pays the premium for 10 years, post which he is entitled to earn 10% of the sum assured or Rs 1 lakh every year. He receives this amount for 5 years, and on maturity he will be paid 70% of the sum assured. This means that he earns 120% of the sum assured by the time the policy matures.

Scenario 2: Mr. Krishna pays all the premiums and passes away 12 years after buying the policy. In this case, his nominee will receive a death benefit which is the higher of 10 times the annualised premium/105% of all premiums paid or 120% of the sum assured.

Premium Payment

Policy term Premium payment term Premium payment frequency
16 years 10 years Monthly, quarterly, half-yearly and yearly
18 years 12 years Monthly, quarterly, half-yearly and yearly


There are no riders available with this plan.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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