Indore , Madhya Pradesh India (PressExposure) November 20, 2011 -- Future Generali launches Future Generali Secure Income, A unique traditional endowment plan with annual income benefits.
A Savings cum insurance plan that enables wealth creation through compounded reversionary bonuses during premium payment term
Payment of accrued bonuses after premium payment is over
Guaranteed Annual Cash Back at 5.5% of sum assured plus cash bonus every year after premium payment term / accrual period till maturity
Maturity benefit as 100% of sum assured plus terminal bonus, Lump sum payment of sum assured along with -
all accrued bonuses on death during the premium payment term or accrual period
terminal bonuses, if any, on death after the premium payment term or accrual period before maturity
Choice of riders with added flexibility to enhance protection
Future Generali India Life Insurance Company, the Insurance joint venture between Future Group of India and Generali Group of Italy, today announced the launch of an exclusive traditional endowment plus money-back plan - Future Generali Secure Income plan. The plan not only offers flexibility to choose the premium payment term, but also the number of years to receive guaranteed income after the premium payment term is over. In addition to this, the policy holder receives annual cash bonuses.
Future Generali Secure Income plan can be purchased from a low ticket size of Rs. 10,000 to a maximum amount based on maximum sum assured. FG Secure Income plan is available for customers in the age group of 0 to 60 years and for terms ranging from 15 to 65 years. On completion of premium payment/accrual period, accrued compounded reversionary bonuses are paid. 5.5% of sum assured is paid as guaranteed annual cash back plus cash bonuses till end of policy term. On maturity, if the policy is in-force, the policyholder will receive the sum assured plus the terminal bonus, if any, as maturity benefit.
In case of unfortunate demise of the life assured during the premium paying term or the accrual period, provided all the due premiums have been paid, the sum assured plus the accrued bonuses will be paid to the nominee.
In the event of unfortunate demise of the life assured during the cash back period, provided all due premiums have been paid, 100% of the sum assured plus the terminal bonus, if any, will be paid to the nominee irrespective of the cash backs already received.
Future Generali Secure Income Plan offers a great degree of flexibility through rider options, such as Accidental Death Benefit Rider, Saral Term Benefit Rider and Premium Waiver Benefit Rider, to further enhance protection cover.
Speaking to the media on the occasion of the launch, Deepak Sood, MD & CEO, Future Generali India Life Insurance Company said, "A planned, secure income gives customers the confidence to follow their dreams. Future Generali Secure Income's assured returns ensure complete care by providing a guaranteed cash flow year after year. The plan provides enduring financial security by ensuring timely and regular availability of income that is so critical in these uncertain times. FGSI is also an ideal gift for children, because parents can now leave behind for them the enduring gift of financial security."
Future Generali is currently active through 191 offices with over 62, 000 licensed advisors. Besides this large network of agents' and offices, Future Generali also offers their Total Insurance solutions across Future Group malls.