We at Future Generali understand the uniqueness of our customer’s needs. To give
you the flexibility to customize and enhance your cover, we offer a set of riders
which you may opt for along with your basic policy and customize your own plan.
The riders may be availed of at the time of buying the plan, at a modest premium.
The maximum amount of benefit you can avail is equal to the basic sum assured. The
aggregate premium on all riders should not, however, exceed 30% of the basic premium.
1. Term Assurance Rider:
Additional amount, equal to the sum assured selected under this benefit is paid,
in case of unfortunate death due to any cause
2. Accidental Death Rider:
Accidental Death is defined as that which causes death by violent, accidental, external
& visible means and independently of any physical or mental illness.
Additional amount, equal to the sum assured selected under this benefit is paid,
in case of unfortunate death due to an accident.
3. Accidental Total and Permanent Disability Rider
Total Permanent Disability resulting from accident caused by outward, violent and
visible means such that there is neither at the time, disability commences nor at
any time thereafter, any work, occupation or profession that the life assured can
ever be capable of doing or following to earn or obtain wages, compensation or profit
as a result of the accidental injury provided however that such disability must
last for not less than 6 months in duration and it is thereafter admitted as Total
& Permanent Disability.
Total Disability would also include the following losses of permanent nature arising
out of accident –
- Loss of or loss of use of two limbs
- Loss of sight of both eyes
- Loss of speech & loss of hearing
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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4. Waiver of Premium on Disability Rider
All Future premium/s (including rider premium/s, if any) will be waived on happening
of Total Permanent Disability.
5. Critical Illness (Core) Rider
The benefit is payable on diagnosis with the following conditions –
Amount equal to Sum Assured selected under this benefit is paid on diagnosis of
any one of the 6 critical illnesses (as mentioned above). The sum assured is payable
on survival for 28 days from the onset of any of these critical illness conditions.
6. Life Guardian Rider :(in case of juveniles)
This rider is applicable when the life assured is a minor. On the death of the proposer,
all future premiums till the life assured is a minor will be waived.
7. Accelerated Critical Illness Extended Rider
This rider provides protection against 11 conditions including the catch-all Total
and Permanent Disability due to Accident and Sickness.
The Accelerated CI rider provides an ‘acceleration’ of your basic death benefit.
The policyholder may choose to partially or fully accelerate the basic death benefit
depending on his/her need. It provides with a lump sum amount to meet medical expenses
or expenses arising out of life style changes as a result of occurrence of any of
the above critical illness conditions. On settlement of the critical illness claim,
the death benefit sum assured would reduce by an amount equal to the critical illness
sum assured and this residual policy will continue. The accident death benefit chosen,
if higher, will also reduce to this sum assured.
The conditions covered under Accelerated Critical Illness Rider are:
- Aorta Surgery
- Cancer
- Coronary Artery Bypass Surgery
- Heart Attack
- Heart Valve Surgery
- Kidney Failure
- Major Burns
- Major Organ Transplant
- Paralysis
- Stroke, and
- Total Permanent Disability due to Accident and Sickness.
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