Future Generali Wealth Protect Plan

Future Generali Wealth Protect Plan

An Individual, Unit Linked, Non-Participating (without profits), Life Insurance Plan.
Future Generali Wealth Protect is an insurance product with life insurance coverage.

Stay protected, and wealthy.

Life poses ever increasing demands. With needs always growing, it is imperative that you plan your finances wisely so that you have enough resources when you or your family need them. With this end in mind, we bring you Future Generali Wealth Protect Plan; an individual, unit linked, non-participating (without profits) life insurance plan that offers not only protection, but also an opportunity to create the wealth you desire.

This plan gives you the freedom to decide how much wealth you want to create for yourself and your family and also the flexibility to decide where you want to invest your money at any point in time. Also offering enhanced protection through a host of riders, Future Generali Wealth Protect Plan ensures that you stay protected and are able to make all your wishes come true.

UNIQUE PRODUCT BENEFITS:

1. Comprehensive protection of upto 7 to 30 times your annual premium depending upon your age and term, as per choice.

2. Guaranteed loyalty addition on maturity, based on premium paid in the first year.

3. Distinguished investment opportunity with an option to choose from over 7 investment funds.

4. Flexibility in choosing the Policy Term, Premium Payment mode, Sum Assured multiplier and a host of other options like Switching and Premium Redirection to maximise your returns.

5. Enhanced protection through a choice of 2 additional benefit riders.

6. Access to funds by way of Partial Withdrawals and Surrender Benefits.

HOW DOES IT WORK?

Step 1
Decide your premium amount

Based on your financial/savings plan, decide the amount you want to invest as premium under the policy.

Step 2
Decide your Policy Term

Depending upon your financial plan, you may decide a Policy Term which helps to fulfill your financial goals. You have to pay the premium throughout the Policy Term.

Step 3
Decide your Sum Assured

Based on your choice of risk coverage, choose your Sum Assured multiple, as desired, from the table given.

Step 4
Choose your investment funds

Depending upon your risk appetite, you can choose to invest in any one or all or in a combination of all the seven available funds.

WHAT ARE YOUR BENEFITS?

Maturity Benefit: On maturity of the policy, the Fund Value plus guaranteed loyalty addition, as on the date of maturity, becomes payable to the Life Assured.

Death benefit:In case of demise of the Life Assured during the Policy Term, while the policy is in force, the nominee receives the higher of:

1. Sum Assured less deductible Partial Withdrawals, if any, or

2. Fund Value under the policy, or

3. 105% of the total premiums paid, less deductible Partial Withdrawals, if any

Deductible Partial Withdrawals are Partial Withdrawals made 2 years prior to the date of death of the Life Assured.