Future Generali Bima Advantage Plus

Future Generali Bima Advantage Plus

Individual, Unit Linked, Non-Participating (without profits), Life Insurance Plan.

Future Generali Bima Advantage Plus is an insurance product with life insurance coverage.

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR.

Why settle for less when you can get more?

We always want to get the most out of everything we buy. Why should it be any different when you choose an insurance plan? Future Generali Bima Advantage Plus is an individual, unit-linked, non participating life insurance plan that not only helps you build wealth, but also offers you the added advantage of protection. It also offers a wide choice of investment funds to match your risk appetite and a host of other flexible options for your unique needs. So, don't settle for just any ULIP. Demand more with Future Generali Bima Advantage Plus.

UNIQUE PRODUCT BENEFITS:

1. A unique combination of protection and investment that helps fulfil your medium to long-term financial goals

2. Helps maximise your returns by investing in a choice of 7 investment funds to match your risk appetite

3. Flexibility to choose Policy Term, Sum Assured and other optional features like switching, re-direction and Partial Withdrawals

4. Premium(s) paid are eligible for tax benefits as may be available under the provisions of Section(s) 80C and 10(10D) as applicable

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 for the desired Policy Term.

Step 2:

Decide your Sum Assured - Based on your life cover requirement, choose your Sum Assured multiple.

Step 3:

Choose your Investment Funds - Depending on your risk appetite, you can choose to invest in any or all the seven available funds.

WHAT ARE YOUR BENEFITS?

Maturity Benefit:

On maturity of the policy, the fund value as on the date of maturity is payable to the Life Assured.

Death Benefit:

In case of an unfortunate 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 withdrawal, if any or

2. Fund Value, or

3. 105% of basic premiums paid till date of death less deductible partial withdrawals, if any

Deductible Partial Withdrawals are:

Partial Withdrawals made in 2 years immediately prior to the date of death.

Your investments:

Your premium, net of applicable charges, is invested in unit funds of your choice. This plan provides for seven investment funds, thereby, adding flexibility in directing your investments to any or all following unit linked funds of the company. The funds invest in a mix of cash/other liquid assets, fixed income securities and equity investments in line with the objective of the fund.