• Future Generali Care 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 amongst the top general insurance providers in India and offers a range of policies under life insurance, car insurance, health insurance and more. The Future Generali Care Plus is a comprehensive term insurance plan offered by Future Generali and comes with an array of benefits. As a term plan, the Care Plus policy does not offer any maturity benefit, but is associated with a high death benefit. Meaning, if the policyholder were to lose his/her life, the nominee will receive the sum assured under the plan.

    The Future Generali Care Plus Plan provides customers with two options – The Classic Option and the Premier Option.

    Let us look at the salient features of the Future Generali Care Plus plan and see various aspects including the eligibility, policy exclusions and more.

    Eligibility criteria for Future Generali Care Plus Plan

    Particulars Classic Option Premier Option
    Entry Age 18 to 60 years 18 years to 60 years
    Policy Term 5 years to 30 years 5 years to 30 years
    Maximum age with relevance to coverage 65 years 65 years
    Minimum Premium Rs. 2,500 (p.a.) Rs. 5,000 (p.a.)

    Sum Assured Under the Future Generali Care Plus policy

    Plan Type Minimum Sum Assured Maximum Sum Assured
    Classic Option Rs. 10,00,000 Rs. 24,99,000
    Premier Option Rs. 25,00,000 There is no limit on the Maximum Premium Under this option

    *Premiums vary based on age, location, plan term and other factors

    Policy Exclusions - What the plan does not cover

    The Sum Assured under the Future Generali Care Plus policy does not hold good under the following circumstances:

    • In the instance of the policyholder’s suicide. If the policyholder were to meet an unfortunate death by way of suicide, only 80% of the premiums paid till date will be payable.
    • The plan also does not cover death caused by negligence under the influence of alcohol or drugs. Also, the plan does not cover death by virtue of an action caused by the policyholder’s prove state of insanity.

    Plan Coverage

    • Death Benefit: The Future Generali Care Plus policy entails a death benefit in the event of the policyholder’s unfortunate death. Depending on the choice of plan and premiums paid, the policyholder’s nominee will receive a certain amount equivalent to the sum assured. This does not take into consideration means of death falling under terms of exclusion with respect to the policy.
    • Surrender Benefits: Surrender benefits are not applicable under the policy as the Care Plus Policy is purely a term insurance policy.
    • Maturity Benefits: The policy does not offer maturity benefits as is the case with all term insurance policies offered by general insurance providers in India.

    Other features of the Future Generali Care Plus policy

    Freelook Period Under provisions of the Free Look Period extended by the policy, the policyholder can return the policy within 15 days of purchasing the policy. The period is extended to 30 days if the policy is purchased through distant marketing channels. Within this period, the policyholder can return the policy if he/she is dissatisfied with the terms contained in the policy document.
    Financial Security The Future Generali Term Insurance plan is the ideal plan if you wish to ensure that your loved ones are financially secure after your demise. Notably, the Premier option does not put a cap on the maximum sum assured enabling you to purchase a higher cover.
    Low Premiums As a term insurance policy, the Care Plus policy is associated with low premiums and higher covers.

    Tax Benefits that can be enjoyed under the policy

    The Future Generali Term Insurance Policy is associated with the following tax benefits:

    • Tax breathers through premium payments – under Section 80C of the Income Tax Act, 1961.
    • Tax Breathers on death proceeds under Section 10(10D) of the Income Tax Act, 1961.

    You can apply for the policy by visiting the official website of Future Generali and filling out the online application form. You will also be required to provide necessary documents, following which an executive from Future Generali will get in touch with you and help you complete the remainder of your application.

    Other benefits - how you can save through the Future Generali Care Plus Policy

    • The Future Generali Care Plus Policy is associated with low premiums and high returns - you can save big on your premium payments.
    • You can save tax through premium payments and your nominee can save on death proceeds received through the policy.
    • The policy isn’t associated with death benefits as such but can be purchased along with another policy - considering the low premium payments involved. You can choose a different policy that is associated with maturity benefits and loyalty benefits.

    Why choose the Care Plus Policy from Future Generali?

    The Care Plus policy is undoubtedly a brilliant term insurance policy for the following reasons:

    • Being a term insurance policy, you can cover both yourself and your family by purchasing the plan.
    • The plan offers tax benefits under Section 80C of the Income Tax Act, 1961, on your premium payments.
    • The premiums are low and return is high - making it perhaps the ideal option to ensure your family’s financial security in your absence.

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