(UIN No: 133N018V01)
Life is always full of surprises and delights as you move ahead in your life.
‘Future Anand Plan’ moves along with you as your life shapes up. However one cannot
avoid unpleasant surprises and misfortunes in life. This plan is a combination of
Endowment Assurance and Whole Life plans which safeguards you, during and after
your lifetime. Protect yourself against financial difficulties throughout your lifetime
and beyond because life after all is to Rejoice!!!
Key Features :
- Financial security with the coverage for life time.
- You can select your premium payment mode, sum assured and premium payment term as
per your age and choice
- Guaranteed Additions @3.5% of Sum Assured per annum compounding at the end of each
of the first 5 policy years
- Compounded Reversionary bonuses thereafter
- Endowment Benefit of 100% of Sum assured plus guaranteed additions plus vested bonus
(if any) on survival at the end of premium paying term
- 125% of the Sum Assured and terminal bonus (if any) as a lump sum
on your unfortunate death after premium paying term
- Sum Assured with accrued guaranteed additions plus vested bonus (if any) plus terminal
bonus (if any) on your unfortunate demise payable during the premium paying term
- Discount on large Sum Assured.
- Choice of five riders to top up your basic plan
- Auto Cover available after the Policy is in-force for 3 years
- Tax benefits on premiums paid and benefits received.
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Benefits :
Endowment Benefit – We will pay 100% of Sum Assured along with
Guaranteed Additions and Vested Bonus (if any) at the end of the premium paying
term.
Death Benefits during Premium Paying Term – In case of your unfortunate
demise, we will pay an amount equal to Sum Assured along with Guaranteed Additions
and Vested Bonus (if any) and Terminal Bonus (if any).
Death Benefits after Premium Paying Term – In case of your unfortunate
demise, we will pay an amount equal to 125% of the Sum Assured and Terminal Bonus
(if any) to the nominee. In case of death of a minor life assured (age below 18ys
as on last birthday), the death benefit becomes payable to the policyholder (proposer).
Guaranteed Additions - The compounding annual Guaranteed Additions
under the policy are 3.5% per annum of the sum assured for the first five years
of an in-force policy. This amount will become payable only at end of premium paying
term.
Bonuses Accrued - From sixth year onwards, the policy shall participate
in the profits arising out of the Company’s ‘with profits’ life insurance business.
It gets a share of the profits emerging from this business in the form of bonuses.
Compounded reversionary bonuses would be declared as a percentage rate, which apply
to the sum assured and guaranteed additions in respect of the basic policy benefit
and all attached bonuses. Compound Reversionary bonus will be declared based on
our long term view of investment returns, expenses, mortality and other experiences.
Once declared, the reversionary bonuses form part of the guaranteed benefits to
the plan. Future bonuses are, however, not guaranteed and will depend on future
profits of the company. The company may also declare a Terminal Bonus, depending
on experience, that will be paid along with Death Benefit.
Rider Benefits :
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Rider Options
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Benefits
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Term Assurance Rider
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Additional amount, equal to the sum assured selected under this benefit is paid,
in case of unfortunate death due to any cause
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Accident Death Rider
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Additional amount, equal to the sum assured selected under this benefit is paid,
in case of unfortunate death due to an accident.
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Accidental Total and Permanent Disability Rider
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In case of the life assured becoming totally and permanently disabled due to accident,
the rider sum assured is paid in 10 equal annual installments. In case of death
of the life assured, surrender or maturity of the Policy occurring before the payment
of all installments, the balance of the installments is payable in lump-sum.
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Wavier of Premium on disability Rider
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All the future premium (including rider premiums) will be waived on accidental total
and permanent disability.
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Critical Illness (Core) Rider
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Amount equal to Sum Assured selected under this benefit is paid on diagnosis of
any one of the 6 critical illnesses (Cancer, Stroke, Kidney Failure, CABG, Heart
Attack & Major organ transplant). The sum assured is payable on survival for 28
days from the onset of any of these critical illness conditions.
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Premium Table
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premium table
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