"Spending a whole day looking for insurance is fun," said nobody, EVER!
"Spending a whole day looking for insurance is fun," said nobody, EVER!
  • Future Generali Traditional 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 Traditional Plans are basically savings plans that offer benefits other than the ordinary insurance cover. For instance, these plans can either come with fixed income benefits, maturity benefits or tax benefits besides also offering an insurance cover that entails death benefits (the policyholder’s nominee will receive a particular amount known as the sum assured in the unfortunate event of the death of the policyholder).

    The name traditional primarily translates to the fact that these plans are some of the first plans offered by the General Insurance Provider and are specifically meant for individuals who wish to refrain from taking any sort of risk while investing their money. Although insurance instruments have always been low risk affairs, traditional plans are much less risky as they are associated with lower premiums against decently good returns.

    In the current day, people’s expectation from investment instruments has undergone a dramatic change. From originally being interested in basic insurance covers with death and maturity benefits, insurance as an instrument has undergone massive transformation, enabling Individuals to do much more with their money than before. For instance, several insurance policies in the Indian market provide customers with both savings and investment options, besides providing them with adequate muscle to take care of long-term financial commitments including children’s education, medical treatments, retirement benefits and more.

    Coming back to traditional plans offered by Future Generali, the General Insurance provider basically has three traditional plans to offer to Indian citizens. These plans help to accumulate a chunk of savings over a stipulated time period besides providing an insurance cover. Let us take a look at the benefits that can be accrued from purchasing a traditional insurance plan and also look at the salient features of each traditional insurance plan.

    Benefits of choosing a Future Generali Traditional Insurance Plan

    • Tax Benefits: Traditional plans offered by Future Generali come with tax benefits. Tax benefits can be obtained by the policyholder under sections 80C and 10D of the Income Tax Act.
    • Savings: Traditional Plans offered by Future Generali are fundamentally savings plans. By way of paying premiums over the course of the policy term, the policyholder can accumulate a large chunk of savings. These savings can be used to take care of long-term financial commitments.
    • Maturity Benefits: Future Generali’s Traditional Plans come with a string of benefits after the policy matures. Maturity benefits are dependent on the customer’s choice of policy and the provisions under the plan in question.
    • Insurance Cover: All Traditional Plans come with an insurance cover. This cover is again, dependent on the customer’s policy choice. In the event of the unfortunate or unforeseen demise of the policyholder, the policyholder’s nominee will receive the sum assured under the plan.
    • Fixed Income: By way of long term investment in a Traditional Insurance Plan, the policyholder can receive fixed income benefits after the end of the premium term. This is a characteristic feature of select plans offered by Future Generali.
    • Easy and Convenient Application Process: Customers can apply for a Traditional Insurance Plan with ease and convenience. The application process can be completed online, following which an executive from Future Generali will get in touch to complete the remainder of the application.
    • Bonuses: Depending on the policy and premium term, policyholders can obtain bonuses at the end of the policy term i.e. during the maturity of the policy.

    Types of Traditional Plans offered by Future Generali

    Future Generali offers three types of Traditional Plans. Each of these plans is designed differently to meet varied customer interests. Let us look at each of these plans in detail and observe the salient features of these plans.

    The Future Generali Assure Plus

    The Future Generali Assure Plus is a popular Traditional Plan that comes loaded with quite a few impressive benefits and features. Here are the plan’s noteworthy features:

    • Customers have the advantage of paying the premium in a flexible manner. Premiums can be paid on a yearly, quarterly, half-yearly or monthly basis, depending on the customer’s convenience.
    • The death benefit (in the event of the policyholder’s death) is higher than most plans. Under the Assure Plus plan, an amount equal to 105% of the total premiums paid will be paid-out to the policyholder’s nominee.
    • Customers can choose a policy term of either 15 years, 20 years or 25 years depending on their convenience. Customers will receive bonuses and maturity benefits as well, at the end of the policy period.
    • The policy is known to offer immense flexibility – customers can stay invested for longer time periods by investing for a limited period of time.
    • Customers will also receive reversionary bonuses all through the policy term, making this traditional policy an ideal choice indeed.
    • Premium payments are dependent on the customer’s choice of sum assured. Higher the sum assured, higher the premium payments.
    • Customers can apply for the policy online and complete the application process in a simple and hassle free manner.

    Future Generali Triple Anand Advantage

    The Triple Anand Advantage is another popular Traditional Insurance Plan offered by Future Generali. Let us take a detailed look at what the plan has to offer:

    • The entry age for the policy is 7 years to 50 years. The policy term lasts for 5 years after the premium term.
    • Customers have the option of choosing their premium term. Depending on the amount the customer wishes to get back after the policy term, he/she can choose his/her premium amount.
    • Customers can pay their premiums on an annual basis, monthly basis or semi-annual basis.
    • The customer can choose a premium term of either 15 years or 20 years. While the minimum premium amount is Rs. 15,000, there is no cap as such on the maximum premium amount. Premium amounts will be dependent on the sum assured, which is chosen by the customer.
    • Customers will receive regular pay-outs, 5 years after the end of the premium term. These are guaranteed pay-outs and can be used to take care of a spate of financial commitment sin the long-term.
    • Customers will also receive a maturity benefit after the end of the policy term. The policy term in this regard refers to the premium term + 5 years. Customers will also receive terminal benefits and reversionary benefits (compounded). These benefits can be obtained provided they are part of the initial policy plan.
    • If the policyholder survives till the age of 80, he/she will receive 100% of the sum assured in accordance with the policy plan.
    • The policyholder is also covered by a life insurance – his/her nominee will receive the sum assured if the policyholder were to meet his/her demise.

    Future Generali New Saral Anand

    The New Saral Anand is a fairly new Traditional Insurance Plan offered by Future Generali. The plan is loaded with some exciting benefits. Let us take a look:

    • The entry age for the policy is 3 years to 50 years. Customers can choose a tenure of anywhere between 15 years and 20 years.
    • The premium term is equal to the policy term in the case of the New Saral Anand policy.
    • The policy does not particularly offer the element of flexibility in premium payment. Premium payments need to be done throughout the chosen tenure and need to be made on an annual basis.
    • Upon the policy’s maturity, customers will receive a lump sum pay-out. Terminal bonuses and reversionary bonuses will also hold applicable.
    • If the policyholder turns 100 years of age, he/she will receive another lump sum pay-out.
    • The New Saral Anand policy enables the policyholder to obtain tax benefits under the Income Tax Act.
    • The Maturity age for the policy is 18 years to 70 years. In the event of the policyholder’s unfortunate death, his/her nominee will be eligible to receive the pay-out in due correspondence with the insurance cover chosen by the policyholder.

    List of Plans Provided By Future Generali

      Plan Name   Entry Age   Maturity Age   Premium
      The Future Generali Big Income Multiplier Plan   4 years to 50 years   18 years to 64 years   Minimum Premium Payable Rs. 1,500 p.m or Rs. 18,000 p.a.
    The Future Generali Pearls Guarantee Plan 7 years to 55 years 16 years to 18 years Minimum Premium : Rs. 10,000 p.a.
    The Future Generali Assured Money Back Plan 18 years to 50 years 15 years/17 years/ 20 years/ 22 years Minimum Premium for 5 year or 7 year Premium Term : Rs. 18,000 Minimum Premium for 12 year premium term : Rs. 24,000

    Why does one need Future Generali Traditional Plans?

    There are many reasons why Future Generali’s Traditional Plans stand out. Here are a few reasons why you should choose one of Future Generali’s Traditional Plans:

    • Traditional Plans from Future Generali offer the perfect money back options after the premium payment term expires.
    • The maturity benefits under the plan are impressive, making these plans some of the most sought after life insurance plans.
    • All Traditional Plans offer death benefits - the policyholder’s nominee will receive the sum assured under the plan in the unfortunate event of the policyholder’s demise.
    • Traditional Plans help to save tax under Section 80C and Section 10 (10D) of the Income Tax Act, 1961.

    You can apply for a Future Generali Traditional Plan by visiting the official Future Generali website.

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