Saving And Investment Plans
Future Generali New Saral Anand
Synopsis:
fjrigjwwe9r3SDPrivInsuProd:Synopsis
A policy which gives maturity benefit with extended life cover, dearth Benefit and Tax benefit
Benefits:
fjrigjwwe9r3SDPrivInsuProd:Benefits
- Lump Sum Payout:
100% of sum assured + Compounded Reversionary bonuses1 (if any) + Terminal Bonus2 (if any) at end of the Policy Term
- Extended Cover Benefit:
100% of Sum Assured on turning 100 years or 100% of Sum Assured paid to Nominee in case of death before 100 years
- Maturity Benefit:
- Death Benefit during the Policy Term:
The Death Benefit payable shall be higher of:
105% of all the premiums paid as on date of death; or
Death Sum Assured + Accrued Compounded Reversionary Bonuses (if any) plus Terminal Bonus (if any)
- Death Sum Assured is defined as Higher of:
Sum Assured, 10 times Annualized Premium, Maturity Sum Assured, which is equal to sum assured Absolute amount payable on death (which is equal to Sum Assured)
Eligibility:
fjrigjwwe9r3SDPrivInsuProd:Eligibility
Parameter
|
Criterion
|
Entry Age (as on last Birthday)
|
3 years – 50 years
|
Maturity Age (as on last Birthday)
|
18 years - 70 years
|
Policy Term
|
15 to 20 years
|
Premium Payment Term
|
Equal to Policy Term (Regular Premium Payment)
|
Sum Assured
|
Minimum – 1,00,000 Maximum – No Limit
|
Premium Payment Frequency
|
Annual
|
Premium amount
|
Minimum Premium- 8,000 subject to Minimum SA of 1,00,000 Maximum Premium- No Limit
|