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  • Future Generali Pension Plans

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    Future Generali offers an array of insurance products, each structured differently to offer varied benefits to customers. The Retirement Plans offered by Future Generali are basically designed to offer retirement benefits like fixed income benefits after the premium term. The policyholder will receive guaranteed income for a stipulated period of time after making consistent payments during the premium payment term.

    Future Generali offers two Pension plans – the Immediate Annuity Plan and the Pension Guarantee Plan. Besides these Pension Plans, there also exist Guaranteed Plans that work more or less like Retirement – they offer guaranteed income for a fixed period of time after completion of the premium term.

    Let us take a detailed look at the Pension and Retirement Plans offered by Future Generali and also look at the major benefits associated with these plans.

    Features and Benefits of Retirement and Pension Plans offered by Future Generali

    Retirement Plans offered by Future Generali are designed to particularly benefit individuals who wish to have regular income flowing in post-retirement. Although there are only two plans in the offing, both of them are comprehensive plans that take into consideration various monetary aspects that arise after an individual’s retirement. Let us take a look at the major benefits and notable features of Retirement and Pension plans offered by Future Generali:

    • These plans offer a large corpus at the time of the individual’s retirement. Customers can use this lump sum amount to take care of financial commitments post-retirement.
    • These plans also provide the policyholder with a life insurance cover – the nominee will receive a certain amount (already decided by the policy) if any unforeseen incident were to take place.
    • The policyholder can choose to receive regular pension or a one-time payout. Other benefits are also included in the plan – most benefits are subject to the policy attaining its maturity.
    • Retirement Plans offered by Future Generali are associated with tax benefits under Section 80C of the Income Tax Act, 1961.
    • Customers can choose to receive their pay either on a monthly basis or a yearly basis.
    • The Immediate Annuity Plan allows a customer to choose either a Life Annuity Plan or a Life Annuity Plan with the Return of Purchase Price.
    • The Pension Guarantee Plan offers a payout equivalent to 101% of premiums paid throughout the premium term.
    • Customers are also eligible to receive bonuses after the policy matures.

    Types of Retirement and Pension Plan offered by Future Generali

    Future Generali offers two types of Retirement and Pension plans. Let us look at the features of each of these plans in detail:

    The Future Generali Pension Guarantee Plan

    • Customers have three Premium payment plans – Regular, Limited and Single.
    • Customers purchasing the policy will receive death and maturity benefits, along with compounded bonuses.
    • The policyholder will receive death benefits in the unfortunate event of his/her death. The Minimum guaranteed death benefit is equivalent to 105% of the total premiums paid.
    • Bonuses are added throughout the term of the policy and the policyholder will receive the bonuses upon maturity.

    The Future Generali Immediate Annuity Plan

    • The Immediate Annuity Plan is another popular insurance plan from Future Generali and offers a fixed, guaranteed income after the end of the premium term.
    • Policyholders will receive an annuity card that allows for simple and convenient withdrawal of funds at the time of maturity.
    • The policyholder can choose a premium payment mode that suits him/her best. The plan allows for monthly premium payments as well as an annual, one-time premium payment.
    • The plan offers tax benefits on premium payment sunder Section 80C of the Income Tax Act, 1961.

    Future Generali Savings and Retirement Plans – Plan Table

      Plan Name   Entry Age   Maturity Age   Premium
    The Future Generali Immediate Annuity Plan 40 years of age to 80 years of age Till the time the policyholder is alive Minimum Premium to be paid – Rs. 30,000
    Future Generali Pension Guarantee Plan 20 years to 70 years of age Till the time the policyholder is alive Minimum Premium for Regular and Limited Premium Payment Options: Rs. 11,000 Minimum Premium for Single Payment Premium Option: Rs. 90,000

    Why choose Future Generali for your Retirement or Pension Plans?

    Future Generali is one of the foremost general insurance providers in India and offers great options, especially for your post-retirement life. Here are a few reasons why you should choose Future Generali for your Retirement and Pension Plans:

    • Future Generali basically offers two types of retirement and pension plans: The Immediate Annuity Plan and the Pension Guarantee plan, with both these plans offering comprehensive pension benefits.
    • Both these plans offer tax benefits on premium under Section 80C of the Income Tax Act, 1961 and on death and maturity benefits under Section 10D of the Income Tax Act, 1961.
    • Policyholders get a guaranteed, fixed monthly income till the end of the policy term. Policyholders will also receive loyalty bonuses that are compounded and paid-out at the end of the policy term.
    • At any point in time, after the end of the policy term, the policyholder will receive more than 100% of the premiums paid as maturity benefit.

    If you wish to apply for a Pension or Retirement plan from Future Generali, you can visit the official Future Generali Life Insurance website and place an online request.

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