Null 32
Null 32
Null 32
Date: 11/05/2024
Future Ge ne rali Long Te rm Income Plan (UIN - 133N090V03)
Indiv idual, Non-Linke d, Non-Participating (Without Profits),Sav ings, Life Insurance Plan
Important points you must know about this policy
What is Future Generali Long Future Generali Long Term Income Plan is a life insurance plan that offers guaranteed survival benefits and life cover up to end of the Policy Term, and a
Term Income Plan ? guaranteed lumpsum at maturity, if all due premiums are paid.
Option 1 - Plan for yourself. Receive Survival Benefits and Maturity Benefit upon survival. Death Benefit is payable to your Nominee in case you are not
around.
Option 2 - Plan for yourself and your loved ones. Family's goals do not change if you are not around. Ensure the continuity of policy benefits for the
What are the options under this family in case of death of the Life Assured, without any liability to pay future premiums. A lump sum is paid to the nominee upon death of Life Assured. In
plan? addition, survival and maturity benefits continue as scheduled.
Income Option of Immediate Income and Deferred Income is allowed under this plan.
You have chosen Option 1 with Immediate Income Option.
What is your Policy Term? You have selected the policy term of 50 Years i.e. upto May-2074.
What is the Premium you need to You have to pay Yearly premium of Rs 1,00,000 for 10 Years, i.e. up to May-2033.
pay in your policy?
If you pay all the due premiums and survive the policy term, you are entitled to receive total benefits (Survival Benefit + Maturity Benefit) of Rs. 48,12,960
as explained below:
What are the benefits you will
enjoy under this policy? 1. Survival Benefit - Starting May-2025 you will receive a Yearly guaranteed income of Rs. 20,093. You will also receive Income loyalty addition that will
enhance your guaranteed income every year starting from 11th policy year.
2. Maturity Benefit - Upon survival up to May-2074 (end of policy term) you will receive Rs. 20,00,000 which includes Maturity loyalty addition.
In case of death of the life assured during the policy term, your nominee will receive a lumpsum death benefit.
Death Benefit shall be higher of :-
What are the benefit payable a) Rs 10,00,000 (10 times the annualized premium, excluding the taxes, rider premiums and underwriting extra premiums, if any)
upon death of Life Assured under b)
105% of the total premiums paid (excluding any extra premium, any rider premium and taxes) as on date of death
c) Surrender Value as on date of death
the policy?
d) 150% of total premiums paid (excluding any extra premium, any rider premium and taxes) as on date of death less total survival benefits already paid
For year wise death benefit please refer to Benefit Illustration.
1
B006100236
If atleast two years' premiums have not been paid in full within the Grace Period:
- The Policy shall lapse and will have no value.
What happens if I stop paying my If atleast two years' premium have been paid in full and any subsequent premium is not paid before expiry of grace period:
premium? - The policy becomes paid up and benefits payable upon survival, death and maturity will reduce.
- A paid up policy will not be eligible for any further Income loyalty addition or Maturity loyalty addition.
- You can revive your lapsed/paid up policy within 5 years of revival period to reinstate all benefits.
What is not covered under this In case of death due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as
policy? (Exclusion) applicable, the nominee or beneficiary of the policyholder shall be entitled to 80% of the total premiums paid till the date of death or the surrender value
available as on the date of death whichever is higher, provided the policy is in force.
If you disagree with the terms and condition of the Policy, you can return the Policy within 15 days of receipt of the Policy Document (30 days if you have
What if I do not agree with the purchased this Policy through Distance Marketing Mode or in case of electronic policies). To cancel the Policy, you can send us a request for
Terms & Conditions of the policy? cancellation along with the reason for cancellation. We will cancel this Policy and refund the Instalment Premium received after deducting proportionate
risk premium for the period on cover, stamp duty charges and expenses incurred by us on the medical examination of the Life Assured (if any).
For detailed information on this plan including risk factors, exclusions, terms & conditions etc., please refer to the Product Brochure and consult your advisor or visit our website before
concluding a sale.
I have read the Product Brochure and understood the product features, benefits, Terms & Conditions and exclusions. Yes / No
I Agree to be contacted by Future Generali India Life Insurance for any updates about my policies and new offerings of the Company. Yes / No
2
B006100236
This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.
Policy De tails
Plan Option Option 1 Sum Assured Rs. 10,00,000
Income Option Immediate Income Sum Assured on Death ( at inception of the 10,00,000
policy) Rs.
3
B006100236
(Amo u n t s in Ru p e e s .)
G uaranteed ( end of y ear) Non G uaranteed ( end of y ear)
Policy Annualiz ed
Year Prem ium Maturity D eath Min G uaranteed
Surv iv al Benefi ts Special Surrender Value
Benefi t Benefi t Surrender Value
1 1,00,000 20,093 0 10,00,000 0 0
2 1,00,000 20,093 0 10,00,000 19,814 52,873
3 1,00,000 20,093 0 10,00,000 44,721 80,208
4 1,00,000 20,093 0 10,00,000 1,19,628 1,08,199
5 1,00,000 20,093 0 10,00,000 1,49,535 1,36,936
6 1,00,000 20,093 0 10,00,000 1,79,442 1,66,432
7 1,00,000 20,093 0 10,00,000 2,09,349 1,96,841
8 1,00,000 20,093 0 10,39,256 2,46,856 2,28,285
9 1,00,000 20,093 0 11,69,163 2,86,263 2,60,667
10 1,00,000 20,093 0 12,99,070 3,27,670 6,29,476
11 0 30,139 0 12,68,931 3,07,031 6,53,066
12 0 30,139 0 12,38,792 2,86,392 6,78,581
13 0 30,139 0 12,08,653 2,65,753 7,05,922
14 0 30,139 0 11,78,514 2,45,214 7,35,289
15 0 30,139 0 11,48,375 2,24,575 7,67,004
16 0 40,185 0 11,08,190 1,93,890 7,91,300
17 0 40,185 0 10,68,005 1,63,205 8,17,222
18 0 40,185 0 10,50,000 1,32,620 8,44,888
19 0 40,185 0 10,50,000 1,01,935 8,74,661
20 0 40,185 0 10,50,000 71,250 9,06,680
21 0 50,231 0 10,50,000 30,519 9,31,141
22 0 50,231 0 10,50,000 0 9,57,245
23 0 50,231 0 10,50,000 0 9,85,274
24 0 50,231 0 10,50,000 0 10,15,348
4
B006100236
(Amo u n t s in Ru p e e s .)
G uaranteed ( end of y ear) Non G uaranteed ( end of y ear)
Policy Annualiz ed
Year Prem ium Maturity D eath Min G uaranteed
Surv iv al Benefi ts Special Surrender Value
Benefi t Benefi t Surrender Value
25 0 50,231 0 10,50,000 0 10,47,767
26 0 60,278 0 10,50,000 0 10,72,926
27 0 60,278 0 10,50,000 0 10,99,947
28 0 60,278 0 10,50,000 0 11,28,910
29 0 60,278 0 10,50,000 0 11,60,297
30 0 60,278 0 10,50,000 0 11,94,067
31 0 70,324 0 10,50,000 0 12,20,795
32 0 70,324 0 10,50,000 0 12,49,163
33 0 70,324 0 10,50,000 0 12,79,852
34 0 70,324 0 10,50,000 0 13,12,962
35 0 70,324 0 10,50,000 0 13,48,434
36 0 80,370 0 10,50,000 0 13,76,842
37 0 80,370 0 10,50,000 0 14,07,367
38 0 80,370 0 10,50,000 0 14,40,231
39 0 80,370 0 10,50,000 0 14,75,652
40 0 80,370 0 10,50,000 0 15,14,052
41 0 90,416 0 10,50,000 0 15,45,764
42 0 90,416 0 10,50,000 0 15,80,388
43 0 90,416 0 10,50,000 0 16,18,063
44 0 90,416 0 10,50,000 0 16,59,507
45 0 90,416 0 10,50,000 0 17,05,680
46 0 1,00,463 0 10,50,000 0 17,47,531
47 0 1,00,463 0 10,50,000 0 17,94,597
48 0 1,00,463 0 10,50,000 0 18,48,850
49 0 1,00,463 0 10,50,000 0 19,11,542
50 0 1,00,463 20,00,000 10,50,000 0 19,85,600
Total 10,00,000 28,12,960 20,00,000
5
B006100236
Notes:
1. Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and Goods and Service Tax.
2. Survival Benefit is equal to Guaranteed Income plus Income Loyalty Addition. The Survival Benefit amount (payable in arrears) will depend upon the Survival Benefit Payout Frequency
opted.
3. Maturity Benefit is equal to Sum Assured plus Maturity Loyalty Addition.
4. Surrender Benefit amount payable on surrender shall be Guaranteed Surrender Value or Special Surrender Value, whichever is higher.
5. Death Benefit amount payable on death under Option 1 shall be Death Benefit as shown above or Surrender Value as on date of death, whichever is higher.
6. Please refer to Policy Document for further details.
Place:
D ate: Signature of Agent/Intermediary/O fficial D ate: Signature of Prospect/Policyholder
FUTURE GENERALI INDIA LIFE INSURANCE COMPANY LIMITED • Registered, Corporate Office & Operations Hub address: Future Generali India Life Insurance Co. Ltd, Unit 801 and 802, 8th
floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai – 400083. Tel.: 91-22-4097 6666 Fax: 91-22-4097 6600 Call us at: 1800 102 2355 • email: [email protected] •
Website: life.futuregenerali.in • IRDAI Registration No: 133 • CIN: U66010MH2006PLC165288