• Future Generali Dhan Vridhi Plan

    Life Insurance
    • Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
    • Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
    • Do more with plans that offer pure protection, retirement planning and investment options

     

    The Future Generali Dhan Vridhi Plan is a limited premium payment ULIP plan that offers the perfect blend of investment and protection to the insured person. The investments are sufficient to take care of all your financial goals. The Future Generali Dhan Vridhi Plan offers great flexibility for making fund switches that offers great returns. Under the Future Generali Dhan Vridhi Plan, the policy holder can also make partial withdrawals. He/she can also choose from a wide range of unit funds under the Future Generali Dhan Vridhi Plan. Tax benefits are also available under Section 80D, Section 80CCC, Section 80C and Section 10.10D. The investment options available under the Future Generali Dhan Vridhi Plan are as follows:

    • Future Secure Fund – The policy holder can choose this unit fund to avail stable returns by investing in low risk assets. This fund will be investing in bank deposits, treasury bills, etc.
    • Future Income Fund – The policy holder can choose this unit fund to enjoy stable returns by investing in low to moderate risk assets. This fund will be investing in corporate bonds, Government securities and fixed income securities.
    • Future Balance Fund – The policy holder can choose this unit fund to get stable returns by investing in medium risk assets. This fund will be investing in equities, fixed income securities and other money market instruments.
    • Future Apex Fund – The policy holder can choose this unit fund to avail stable returns by investing in high risk assets. This fund will be investing in corporate bonds, Government securities, etc.
    • Future Maximise Fund – The policy holder can choose this unit fund to enjoy stable returns by investing in high risk assets. The fund will be investing in corporate bonds, certain Government securities and some money market instruments.
    • Future Opportunity Fund – The policy holder can choose this unit fund to enjoy stable returns by investing in high risk assets. The fund will be investing in corporate bonds, some money market instruments, and certain Government securities.

    Eligibility – Who is the Future Generali Dhan Vridhi Plan for?

    In order to buy the Future Generali Dhan Vridhi Plan, a customer has to fulfil certain eligibility criteria with respect to his/her age and the amount of insurance he/she seeks. These conditions are as shown below:

    Parameters Criteria for Eligibility
    Minimum age at entry (PPT 5 years) 8 years
    Maximum age at entry (PPT 5 years) 50 years
    Minimum age at entry (other PPTs) 8 years
    Maximum age at entry (other PPTs) 60 years
    Minimum age at maturity 18 years
    Maximum age at maturity 70 years

    Sum Assured and Premium Range – What you get and what it costs

    Sum Assured – The minimum sum assured under the Future Generali Dhan Vridhi Plan for individuals under the age of 45 years is (Policy Term x 0.5, 10) x yearly premium. The minimum sum assured under the Future Generali Dhan Vridhi Plan for individuals equal to or above the age of 45 years is (Policy Term x 0.25, 7) x yearly premium.

    Minimum/Maximum Sum Assured of individuals below the age of 45 years (Policy Term x 0.5, 10) x yearly premium
    Minimum/Maximum Sum Assured of individuals equal to or above the age of 45 years (Policy Term x 0.25, 7) x yearly premium

    Premium – The premium payment frequency available under the Future Generali Dhan Vridhi Plan is annual. The minimum premium amount is Rs.20,000 and there is no limit for the maximum premium under the Future Generali Dhan Vridhi Plan.

    Minimum Premium Rs.20,000
    Maximum Premium No limit
    Premium payment frequency Annual
    Fixed policy term 10 years, 15 years, 20 years
    Premium payment terms available 5/7 years, 10/12 years, 15/17 years

    Disclaimer – The premiums may vary depending upon several factors such as age, plan term, location, etc.

    Plan Coverage – What the Future Generali Dhan Vridhi Plan covers

    Maturity Benefit The assured individual will be able the fund to enjoy value as and when the policy reaches the maturity date. Settlement option can also be availed by the policy holder to get the maturity benefit.
    Death Benefit In case the insured person encounters death in an unfortunate event and the policy is still active, fund value or sum assured minus partial withdrawal or 105% of the basic premiums paid out till date is payable.

    Riders/Add-on plans – Additional coverage under the Future Generali Dhan Vridhi Plan

    No riders are available under the Future Generali Dhan Vridhi Plan.

    Exclusions – What the Future Generali Dhan Vridhi Plan does not cover

    Suicide Exclusion - In case the life assured commits suicide, whether insane or sane, within a period of one year from the from the date of commencement of the policy or the date or revival of the policy, no insurance benefit will be paid out to the nominee or beneficiary.

    Other Key Features

    Grace period A grace period of 30 days is available under the Future Generali Dhan Vridhi Plan.
    Revival period Revival of the policy is allowed, in case it got lapsed. The revival of the policy must be done within a period of two years from the date of first unpaid premium.
    Free look period In case you do not like the terms and conditions of the Future Generali Dhan Vridhi Plan, you can return the policy within a period of 15 days. Free look period of 30 days can be availed in case of Distance Marketing. However, you must state your objections and the reasons for it.

    Tax Benefits – How you can save under the Future Generali Dhan Vridhi Plan

    Tax benefits are also available under Section 80D, Section 80CCC, Section 80C and Section 10.10D.

    Why you should buy the Future Generali Dhan Vridhi Plan from Future Generali?

    Future Generali is one of the best insurance solution providers in India. The insurance products offered by them come with several features and perks. The Future Generali Dhan Vridhi Plan not only takes care of your cover needs, but also meet your investment requirements. The Future Generali Dhan Vridhi Plan offers great flexibility for making fund switches that offers great returns. Under the Future Generali Dhan Vridhi Plan, the policy holder can also make partial withdrawals. He/she can also choose from a wide range of unit funds under the Future Generali Dhan Vridhi Plan. These funds are Future Secure Fund, Future Income Fund, Future Balance Fund, Future Apex Fund, Future Maximise Fund and Future Opportunity Fund. The organisation comes with global insurance knowledge and expertise. Thus, they can provide insurance products that are tailored as per the demands of the customers.

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