Future Generali Jan Suraksha Plus is a traditional life insurance product that is non-participating and non-linked in nature. It offers both life cover as well as guaranteed benefit after the policy matures. You will be required to pay your premium only once and then you will an assured amount when the policy matures, and this particular amount will be more than the premium that you pay. You can select your single premium amount according to your preference.
The Future Generali Jan Suraksha Plus is well-suited for anyone who wants a reasonably good life cover along with death benefit, maturity benefit, and surrender benefit. Let us take a look at the eligibility criteria for this plan:
|Minimum entry age||18 years (as on last birthday)|
|Maximum entry age||50 years (as on last birthday)|
|Policy period||8 years|
You will receive protection under this policy for 8 years.
With the Future Generali Jan Suraksha Plus, you will get a good sum assured amount. With the provision of this amount, your family members can have a decent lifestyle without having to struggle in your absence. The sum assured will depend on the premium payable, policy period, and age of the policyholder.
|Premium payable||Option 1: Rs.2,500 Option 2: Rs.3,000 Option 3: Rs.4,000 Option 4: Rs.5,000|
|Premium payment mode||Single premium|
Premiums vary based on age, location, plan term and other factors.
The Future Generali Jan Suraksha Plus offers extensive coverage for every policyholder with three main types of benefits and they include death benefit, maturity benefit, and surrender benefit. Let us take a look at the following table to get an idea about the benefits offered with this plan:
|Death benefit||When the policyholder dies, a death benefit will be provided to the nominee chosen by the policyholder. This death benefit will be 5 times the single premium. This does not include additional premiums and taxes.|
|Maturity benefit||When your policy matures, you will receive a maturity benefit. The maturity benefit will depend on the age band and the single premium.
|Surrender benefit||You can surrender your policy in the middle of your policy period. You will receive a surrender benefit which will be the guaranteed surrender value or the special surrender value, whichever is higher.|
In the above-mentioned table, the special surrender value will be fixed according to the anticipated demographic conditions and financial factors of the organisation. This surrender value will not be paid if the surrender value amount is below Rs.100. The guaranteed surrender value will depend on the policy year of surrender. If it is 1 to 3 years, then the guaranteed surrender value will be 70% of the single premium which will not include additional premiums and taxes. If the policy year is 4 to 8 years, then guaranteed surrender value will be 90% of the single premium which will not include additional premiums and taxes.
This plan provides protection for all kinds of death and also provides maturity benefit. The Future Generali Jan Suraksha Plus comes with a suicide exclusion. When the policyholder commits suicide in 12 months after the policy commences, then the beneficiary or nominee will get surrender value or 80% of the premium that has been paid.
The Future Generali Jan Suraksha Plus comes with a wide assortment of significant advantages. Let us take a look at the following characteristics of this plan:
|Free look period||You will be given a certain period to check your policy terms and details. If you are not satisfied with any of the terms, you can return your policy within this free look period which is given for 15 days.|
|Nomination||Under this plan, you can nominate another individual to collect your policy benefits on behalf of you. This provision is given according to the Section 39 of Insurance Act, 1938.|
|Assignment||This refers to transfer of rights in an insurance policy. This provision is given as per the Section 38 of Insurance Act, 1938.|
With Future Generali Jan Suraksha Plus, you will receive tax benefits when you pay your premiums. You will receive these deductions as per the regulations of Section(s) 80C, 80CCC (1), 80D, 10.1. These regulations will keep getting updated on a regular basis. You can reach out to your tax advisor for clear information.
These are some of the other benefits of taking the Future Generali Jan Suraksha Plus:
Future Generali Life Insurance is a top-notch insurance provider that is dedicated to offering advanced and accurate insurance services. The company has designed each plan according to the preferences and needs of multiple consumers. When you purchase the Jan Suraksha Plus Plan from Future Generali Life Insurance, you can lead a calm living as you and your family members will be financially safeguarded by the organisation. This company will provide you with extensive protection at economically priced premiums.
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