(UIN No: 133N009V01)

Flexibility :

Pension plans are about investing in your future, but it is also important to think about how you invest your money right now.

Future Pension Plan puts you in control by giving you the flexibility to change your choices any time:

• Choose how much to contribute – this depends on the amount of benefits you want on vesting.
• Choose regular or one time contribution - you can make regular contributions (monthly*, quarterly, half-yearly or yearly). You can also invest in lump sum in the form of a single premium contribution.
• Choose to increase your contribution – you can choose to increase your contributions through additional single premium contributions over the policy term.
• Choose to change the way you want to contribute** – you can choose to pay your regular contributions in any mode – monthly, quarterly, half-yearly or yearly. You may also choose to change the mode anytime before vesting of your policy.
• You can choose life insurance cover under your regular premium policy by way of term assurance rider.

*only ECS

**only for regular policies

***UIN for Term Assurance Rider: 133B003V01

Eligibility Criteria :

• Retirement age can be as early as 40 years but not later than 70 years
• Minimum contribution Rs.10,000 per annum under regular premium and Rs. 25,000 under single premium, no limit on maximum premium
• Personal Pension Fund accumulation period : 5 to 40 years
• Right Age to enter the plan : 18 to 60 years
• Minimum contributions

Premium Paying Mode	Minimum Contribution (Rs.)
Single Premium	Rs.25,000
Yearly	Rs.10,000
Half–Yearly	Rs.5,500
Quarterly	Rs.3,000
Monthly (By ECS only)	Rs.1,000
Additional Single Premium Contributions	Rs.7,500

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Other Features :

• Free-Look Period : You can review the terms and conditions of this policy and where you disagree to any of those terms or conditions, you may return the policy within 15 days from the date of the receipt of the policy document stating the reasons for your objection.
  
  Future Generali will refund the policy premium after deduction of the policy stamp charges, cost of medical examination (if any) and the cost for the insurance cover, if any, for the period up to the date of cancellation.
• Grace Period : A grace period of 30 days from the premium due date is available for all premium modes except for monthly mode (under ECS only) where it is 15 days.
• Premium Holiday : Discontinuance of due premiums
  For Regular Premium policies
  
  

  Provided you have paid premiums for at least one full year and discontinue the payment of subsequent premiums, your basic policy will continue as a paid-up policy. Further bonuses will continue to accrue on the existing PPFA.

• Reinstatement of Lapsed Policy : Your policy lapses if the due premiums are not paid within the grace period. You may reinstate the policy within a period of three years from the date of first unpaid premium by paying premiums with arrears and interest. If you have selected term assurance rider under your policy, the reinstatement of a lapsed policy will be subject to satisfactory proof of insurability.
  
  Additional single contributions can be paid on a lapsed policy.
• Surrender of policy and guaranteed surrender value : You may surrender your policy any time after the first policy anniversary provided one full year’s premium has been paid under a regular premium policy. The Guaranteed Surrender Value will be 70% of the premiums paid excluding rider premiums, if any, in case of Regular Premium Policy and 80% of the Single Premium. To this will be added, bonuses declared, if any on the policy and the guaranteed addition on survival to end of 15 years.
  
  The actual amount available on surrender will be the PPFA after deduction of charges based on the number of years’ premiums paid or completed years after payment of single premium and additional single premium contributions. The charge will be subject to change based on the market conditions and our experience, and will be quoted on request. The amount available on surrender will be the higher of this surrender value and the guaranteed surrender value as stated above.
  
  

  A policy can only be surrendered in full. Partial surrenders are not allowed.

• Nomination & Assignment : Provided the policyholder is the life assured, he / she may, at any time before the policy matures for payment, nominate a person or persons as per Sec 39 of the Insurance Act 1938, to receive the policy benefits in the event of his / her death.
  
  Assignment is not allowed under this plan.

Exclusions :

Suicide Exclusion (Under term Assurance rider) : If the life assured commits suicide within one year from the risk commencement date or reinstatement date if reinstated, whether sane or insane at that time, the rider will be void and no claim will be payable.

Premium Table

Click Here To Calculate Premium (Site 1)

Click Here To Calculate Premium (Site 2)

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