• Future Generali Jan Suraksha Plus 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

    Future Generali is one of the most popular general insurance company in the country. It offers an array of insurance products that includes life as well as health. The company is particularly famous for its life insurance offerings, as it offers several plan options stretching from term insurance plans to group plans, rural plans, ULIPs, savings plans and more.

    Future Generali Jan Suraksha Plus is a life insurance cover that gives the policyholder an assured amount once the policy matures. The sum assured is more than the premium paid. This policy is hassle-free and easy-to-buy. This plan is not only affordable but it guarantees returns on maturity. Besides providing the conventional benefits associated with any term insurance, the Future Generali Jan Suraksha Plus also provides tax benefits.

    Eligibility -Who is the Future Generali Jan Suraksha Plus Plan for?

    Following are the eligibility parameters for the Future Generali Jan Suraksha Plus Plan:

    Parameter Criterion
    Entry age 18 to 50 years as on the last birthday
    Policy Term 8 years
    Maturity age End of the policy term

    Sum assured and Premium Range-What you get and what it costs

    The minimum sum assured and the premium that is to be paid under this plan is as follows:

    Premium options Rs2,500/Rs.3,000/Rs.4000/Rs.5000
    Premium paying term Single

    What the policy covers Future Generali Jan Suraksha Plus Plan provides coverage for the following:

    • Death Benefit: The amount paid in case of the unfortunate death of the policyholder will be 5 times higher than the single premium. (This will exclude taxes and extra premiums)
    • Maturity benefit: The following is the maturity benefit amount payable at the end of the policy term.
    • Surrender Benefit: On surrender of the policy, the policyholder will receive the higher of the greater surrender value and the special surrender value.

    Exclusions - what the plan does not cover

    All life insurance policies offered by Future Generali, including the Flexi Online Term Plan, do not cover death caused by suicide. In any case, if a suicide were to occur, the complete sum assured isn’t given to the policyholder’s nominee. This is the amount assured:

    • 80% of the premium paid (excluding Service Tax) if death were to occur within 1 year from the commencement date of the policy.
    • Surrender Value or 80% of the premium paid (whichever is higher), for death within a year from the date of reinstatement of the policy.

    Other Key Features – Free Look Period, Surrender Values, Grace Period

    Following are other key features of Future Generali Online Flexi Term Plan:

    Free Look Period Customers are given a time period of 15 days to review the terms of the policy and have the option of returning or unsubscribing to the policy within this time. If any Premium is paid, the customer will receive the refund after deductions. The Free Look Period is 30 days for most policies offered by Future Generali.
    Grace Period made available under the policy A grace period of 15 days will be provided (in the case of monthly premiums) and a grace period of 30 days will be provided (in the case of annual premiums), if the premium payment isn’t made by the due date.
    Policy Reinstatement Customers can reinstate the policy within a period of two years from the time of the first unpaid premium. In order to initiate the policy reinstatement, the customer has to give an intimation by writing.
    Policy Lapse If premiums aren’t paid within the grace period, the policy will lapse.

    Tax benefits under the Future Generali Jan Suraksha Plus Plan

    The Future Generali Jan Suraksha Plus offers tax benefits under sections of the Indian Income Tax Act. Here are details on how you can save on tax upon purchasing an insurance policy:

    • Premium payments under Section 80C of the Indian Income Tax Act, 1961.
    • Maturity proceeds under Section 10(10D) of the Income Tax Act, 1961.
    • Premium payments towards Critical Illness Rider under Section 80D of the Income Tax Act, 1961.

    Tax benefits are not applicable under Section 10(10D) if the Sum Assured is less than 10 times the base annualized premium.

    Other benefits - how you can save with the Future Generali Jan Suraksha Plus Plan

    • You save on low premium payments, as the policy attracts low premiums with higher returns.
    • You can save by getting tax breathers on your premium payments.
    • Your nominee, in the event of your unfortunate death, will receive a lump sum amount in accordance with the plan’s death benefit. The amount can be saved or used to meet long term financial commitments.
    • You can complement the plan with another plan that offers maturity benefits.

    Why you should purchase the Future Generali Jan Suraksha Plus Plan from Future Generali?

    The Future Group has been the leaders in the story of growth and development of India's retail industry for more than 25 years. Generali is an Italian Group with a strong presence across the world. It was established in the year 1831 and is one of the world's leading insurance companies. Total premium paid to the group by its customers exceeds 70 billion pounds (as recorded last year).

    The Future Generali Group covers more than 450 renowned corporate companies such as NABARD, Jet Airways, United India Insurance, Adidas, among others. The investment team of the group manages assets worth more than Rs.2,600 Crore. Their products offered by the group are simplified and have the option to customize according to the policyholder's financial needs.

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