Future Generali Pramukh Nivesh

Features of Future Generali Pramukh Nivesh

1. Future Generali Pramukh Nivesh ULIP is available for one-time lump sum premium payment option only (single premium).
2. Maturity and death benefits are applicable as per policy wordings.
3. 1% policy administration charges are applicable subject to a maximum of Rs.6,000 in the first policy year.
4. Option to maximise investments as your premium amount is invested in a fund of your choice without any additional allocation charges.
5. Partial withdrawal of fund value allowed from 6th policy year onwards.
6. Safety of returns at product maturity via systematic fund transfer option from equity-based instruments to debt-based funds in the last 3 policy years.
7. Flexibility to manage investments through switching between the fund options. There are a total of 6 different fund options with dynamic portfolio allocations between various market instruments, allowing you to choose the fund option best suited to your risk appetite.
8. 15 days free look period with the policy.

Benefits of Future Generali Pramukh Nivesh

1. In case of death of the insured, death benefits will be applicable as the total of fund value and sum assured. The sum assured cannot be lower than 105% of premiums paid.
2. Maturity benefits kick in when the policy tenure is over and the fund value will be paid out in this case on the date of maturity.
3. Surrender benefits are also applicable if you choose to surrender your policy before maturity. Policy can be surrendered anytime, however if surrendering after 5 policy years, fund value will be disbursed as surrender benefits without any charges.
4. Policy can be surrendered at any time. On surrendering the policy before 5 policy years, fund management charges will be applied and the resultant fund value handed over to the policyholder at the completion of the 5th year since policy inception.