(UIN No: 133N002V01)
Future Care: A Pure Term Assurance Plan, offering high protection
at low premium with an attractive option of convertibility to an endowment plan
(without furnishing additional evidence of insurability at the time of conversion).
This type of insurance is well suited to situations where you have:
- A large insurance need and limited budget
- A need for insurance over a defined period of time, say, to cover your outstanding
loans
- A need for insurance for a specific purpose, such as covering the life of a key
employee
The plan is offered along with optional Accidental Death Rider and Accelerated Critical
Illness Rider with a Total of 11 conditions including Total and Permanent Disability
due to Accident and Sickness.
Key Features:
- Simplicity: Future Care is the simplest form of insurance for a
stated period of time.
- Affordability: Future Care provides maximum insurance protection
for your premium amount.
- Convertibility: Within a period specified in the policy, the term
plan can be converted into an endowment life insurance plan offered by Future Generali.
The premium charged for the permanent plan will be based on age of the insured,
without furnishing any further evidence of insurability.
Product Parameters
- Minimum age/Maximum age at entry : 18/60 Years
- Maximum age at maturity : 65 Years
- Minimum Sum Assured : Rs. 3, 00,000
- Maximum Sum Assured : No limits
- Term : 5-25 Years
- Premium payment mode : Yearly, Half-Yearly, Monthly (ECS mode only)
- Minimum Premium Instalment: Rs.1500/- p.a.
How The Plan Works :
This plan provides for the payment of a death benefit to your beneficiary during
the term. There is no maturity benefit.
Rider Benefit: You have the option to customize your policy by
opting for one or all of the following riders ,viz. Accidental Death Rider (AD),
Accelerated Critical Illness Extended Rider (ACI).
These riders can dramatically increase the value of your coverage just for a modest
additional premium.
Tax Benefits :
Section 80C, 10(10D) of Income Tax Act would apply. Premiums paid for Critical Illness
Benefit qualify for benefits under Section 80D. These benefits are as per the currently
prevailing tax regulations and you are advised to consult your tax advisor for details.
Premium Table
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