Future Generali Assure Plus Plan

Securing the financial needs of our loved ones is a primary concern for most of us, with the unpredictability surrounding life making it necessary to invest in a good plan. is a specialised product which offers an insurance cover to ensure that the future of your family is secure, regardless of what happens in life. This is a participating, non-linked endowment plan which offers peace of mind and financial stability to individuals.

Eligibility Criteria for Future Generali Assure Plus

Minimum entry age 3 years
Maximum entry age 55 years
Minimum age at maturity 18 years
Maximum age at maturity 70 years
Minimum premium Rs 12,000 per year

Key Features of Future Generali Assure Plus

Plan type Participating, non-linked,
Plan basis Single/Individual
Policy term
  • 15 years
  • 20 years
  • 25 years
Premium payment term
  • 7/10/12 years for 15 year term
  • 10/12/15/17 years for 20 year term
  • 12/15/17/20 years for 25 year term
Maturity benefit A maturity benefit equivalent to the sum assured plus all bonuses accrued will be paid
Premium payment frequency Monthly, quarterly, half-yearly or yearly
Loan No loan facility available
Surrender value Surrender value will be paid after policy has been in force for a specific time period
Free look period
  • Policies sold through distance marketing have a 30 day free look period
  • All other policies have a free look period of 15 days
Grace period
  • 30 days for quarterly, half-yearly or yearly payment modes
  • 15 days for monthly payment mode
Revival/Renewal A lapsed policy can be revived by paying all premiums and any fine/interest. Revival is possible only within 2 years of first unpaid premium
Sum assured

Minimum – Rs 1 lakh

Maximum – Rs 5 crore

Policy coverage Death Benefit, Maturity Benefit

Benefits/Advantages of Future Generali Assure Plus

Some of the benefits of Future Generali Assure Plus are listed below.

  • Flexibility – Individuals can choose a policy term which matches their needs, having additional flexibility in terms of premium payment modes, premium payment terms and the amount they wish to invest every year.
  • High sum assured – One can avail cover to the tune of Rs 5 crore under this policy.
  • Tax benefits – Policyholders are entitled to tax benefits under Section 80C of the Income Tax Act.
  • Maturity benefits – A equivalent to the sum assured plus all accrued bonuses will be paid once the policy completes its term.
  • Death benefit – In the event of unfortunate demise of a policyholder during the policy term, his/her nominee will receive a death benefit comprising the death sum assured and all bonuses accrued.
  • Discounts – Individuals who opt for a high sum assured are entitled to discounts on their premiums.
  • Bonus – Each policy is eligible to earn a bonus, thereby offering higher returns.

Working of Future Generali Assure Plus

Let us consider the example of Mr. Rakesh to understand the working of this plan. Rakesh is a software engineer working for a reputed firm. He is married and has two children aged 4 and 5 year. He decides to opt for this plan on his 40th birthday, choosing a 20 year policy, with the sum assured being Rs 25 lakhs. He pays an annual premium for 10 years towards this policy.

Let us consider the following scenarios to understand how this Future Generali life plan works.

Scenario 1: Rakesh passes away 15 years after buying the policy. All premiums were paid by him before his death. In this case, his nominee will receive a death benefit which is equal to the death sum assured plus all bonuses accrued until death.

Scenario 2: The policy matures after 20 years, with Rakesh and his family leading an eventful life. In this case, he will receive a maturity benefit which includes the sum assured and bonuses accrued over the policy term.

Premium Payment

Policy Term Premium Payment Terms Premium Payment Frequency
15 years 7, 10 or 12 years Yearly, half-yearly, quarterly or monthly
20 years 10, 12, 15 or 17 years Yearly, half-yearly, quarterly or monthly
25 years 12, 15, 17 or 20 years Yearly, half-yearly, quarterly or monthly


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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