Future Generali Immediate Annuity Plan

FUTURE GENERALI Immediate Annuity Plan

1. Age at Entry40 to 80 years

2. Minimum Purchase PriceRs 30,000/-

3. Policy CoverageLifetime

4. Annuity ModeYearly / Monthly

5. Tax BenifitYes

Why you need this Plan?

1. The policy offers you a fixed income for the rest of your life.

2. You have the flexibility to choose a monthly or yearly payout mode.

3. The policy offers an annuity card that ensures convenience in receiving the annuity amount.

4. Option to choose between 'Life Annuity' and 'Life Annuity with return of Purchase Price'.

HOW IT WORKS

The plan can secure your lifestyle even after you retire. It continues to pay throughout your life. Here are the steps to get the Future Generali Immediate Annuity Plan:

Step1Decide your purchase price

1. Decide the single premium amount that you wish to invest, for receiving a lifelong annuity.

Step2Choose the annuity options

1. Based on your needs, choose between 'Life Annuity' or 'Life Annuity with return of Purchase Price'.

Step3Choose the annuity mode

1. Choose the mode through which you would like to receive the payout under the policy. Your regular annuity will depend on your age and the purchase price opted for.

BENEFITS

1. Life Annuity: You receive a fixed annuity for the rest of your life. In case of your unfortunate demise, the policy terminates.

2. Life Annuity With Return of Purchase Price: You receive a fixed annuity for the rest of your life. In case of your unfortunate demise, the purchase price is paid to the nominee and the policy terminates.

3. Surrender Benefit:There are no Surrender Benefits in this plan.

4. Maturity Benefit: There are no Maturity Benefit in this plan.

Target Group

For customers who are looking for a immediate annuity plan that provides guaranteed monthly/annual income for the rest of their life



FREE LOOK CANCELLATION:

You have a period of 15 days (30 days if the policy is sold through Distance Marketing Mode) from the date of receipt of the Policy document to review the terms and conditions of the Policy. If you are not satisfied with or disagree with any of the terms and conditions, you have the option to Cancel/withdraw and return the Policy along with a letter (dated and signed) stating your intention to cancel the Policy and reasons for the objections/Cancellation, within this period. Cancellation of Policy and refund of premium is allowed under this provision, whereby the amount payable on such cancellation will be equal to the total premium paid less a proportionate cost of insurance for the period of cover and expenses towards Policy stamp duty and medical examination, if any.