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Future Generali Life Insurance

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Future Generali Life Insurance

Overview
Future Generali India Life Insurance Company Limited was founded as a joint venture between the Future Group, India’s retail giant and the Generali Group, one of the 50 largest companies in the world and a leading insurance company in partnership with reputed investment firm IITL or the Industrial Investment Trust Limited. Ever since it started operations, the company has successfully sold more than 12 lakh policies to customers with AUM (assets under management) standing at Rs. 2, 800 crore.

The claim settlement ratio at the company stands at 89.47% and it offers child, term, retirement and income plans to customers in addition to investment solutions.

Future Generali Life Insurance at a glance
  • Preferred insurer in over 100 countries
  • Issued over 12 Lakh policies
  • 89.47% Claim Settlement Ratio in FY 2016-17
  • ISO 9001:2008 certification for the investment team

Future Generali India Life Insurance Company Retirement Plans
There are effective Future Generali India Life Insurance Company retirement plans which offer ample financial security when you retire. There is regular pension, guaranteed benefits and life insurance coverage. One can retire in style with plans like the Immediate Annuity Plan and also the Pension Guarantee offer.

Documentation needed to apply for Edelweiss Tokio Life Insurance
  • Age proof - (Any One)
    Driving License, Passport, Voter ID Card, Birth Certificate, etc
  • Identity proof – (Any One)
    Driving License, Passport, Voter ID card, PAN Card, Aadhar Card, or any document which proves citizenship
  • Income proof
  • Address proof – (Any One)
    Driving License, Passport and Utility Bill should clearly mention the permanent address
  • Income proof – (Any One)
    Salary Slip, Form 16, ITR
  • Recent passport size photograph

Future Generali Pension Plans
  • Future Generali Immediate Annuity Plan: The plan offers the policyholder a fixed income for the rest of his or her life. The policy offers an annuity card that ensures convenience in receiving the annuity amount and flexibility to choose a monthly or yearly payout mode.
  • Future Generali Pension Guarantee: The plan offers a minimum return of 101% of all premiums paid is guaranteed on maturity. Sum of all premiums paid plus accrued compounded reversionary bonuses, if any, with a minimum guarantee of 105% of premiums paid till date as death benefit.

1: Future Generali Immediate Annuity Plan: The policy offers an annuity card that ensures convenience in receiving the annuity amount and flexibility to choose a monthly or yearly payout mode.

Advantages and Benefits
  • Offers fixed income for the rest of your life.
  • Flexibility to choose a monthly or yearly payout mode.
  • Option to choose between ‘Life Annuity’ and ‘Life Annuity with return of Purchase Price’.
  • Offers an annuity card that ensures convenience in receiving the annuity amount.
Features Description
Variants Offered Life Annuity/Life Annuity With Return of Purchase Price
Options For Receiving Annuity Amount Direct Credit to Annuity Card Or Post Dated Cheques
Purchase Price Minimum: 30,000/- Maximum: No Limit
Age at Entry 40 to 80 years
Policy Term Till the Policyholder/Annuitant is Alive
Annuity Mode Yearly/Monthly

2: Future Generali Pension Guarantee: Future Generali Pension Guarantee offers a minimum return of 101% of all premiums paid is guaranteed on maturity.

Advantages and Benefits
  • Minimum Guaranteed Maturity Benefit of 101% of total premiums paid.
Features Description (Regular Premium Term) Description (Limited Premium Term) Description (Single Premium Term)
Premium Payment Term (PPT) Regular 10 years
15 years
Single
Age at Entry 20 to 70 years 20 to 70 years 20 to 70 years
Policy Term 10 to 20 years 10 year PPT: 11 to 20 years
15 year PPT: 16 to 20 years
10/ 15/ 20 years
Minimum Vesting Age 40 years 40 years 40 years
Minimum Premium Rs. 11,000/- per annum Rs. 11,000/- per annum Rs. 90,000
Maximum Premium No Limit No Limit No Limit

Riders (Available only for Regular Premium Payment Option)
  • Future Generali Non Linked Accidental Death Rider (UIN: 133B023V01)
  • Future Generali Non Linked Accidental Total & Permanent Disability Rider (UIN:133B024V01)