All About Future Generali Assured Money Back Plan

The Future Generali Assured Money Back Plan is a non-participating and non-linked plan that provides a policyholder with excellent returns. It is ideal insurance that provides a monthly guaranteed income once you, as a policyholder, finish paying all premium payments throughout the premium term.  This plan guarantees a monthly money return as well as a maturity benefit. This money-back package also includes insurance coverage, ensuring financial security for your family. Customers who are unsure about their capacity to pay premiums for the whole policy term would benefit from this plan. 

It would meet the needs of company owners, athletes, and artists, among others, who have unpredictable revenue. With the many benefits provided by this policy, policyholders may plan and manage their medium to long-term savings following their financial needs. It is designed to give individuals flexibility and financial security.

Future Generali Assured Money Back Plan Variants

There are two types of plan choices available under the Future Generali Assured Money Back Plan. Premiums can be paid whenever it is convenient for you.

1. Option A: The policyholder receives 10% of the Sum Assured per year for 9 years, plus Maturity Benefits equal to 110 percent of the Sum Assured.
2. Option B: Policyholders who choose this option will receive 10% of the Sum Assured per year for the next four years. A maturity reward equivalent to 160 percent of the Sum Assured is paid out when the Future Generali Assured Money Back Plan matures.

Eligibility Conditions for Future Generali Assured Money  Back Plan

To be eligible for the Future Generali Assured Money Back Plan, a person must fulfill the following qualifying criteria:

What advantages does the Future Generali Assured Money Back Plan promise?

Survival Benefit

The plan pays the survival benefits after the premium-paying period is complete and the life cover is still alive. These advantages are paid for by the money-back option you choose. Here are the alternatives available to you, as well as the benefits you will receive if you choose one of them -

• Option A – Following the conclusion of the premium-paying period, 10% of the sum guaranteed is paid annually for the next 9 years.
• Option B – Following the conclusion of the premium-paying period, 10% of the sum guaranteed is paid annually for the next four years.

Maturity Benefit

The maturity benefit is paid after the plan's term expires and the life insured survives the period. This reward is also dependent on the plan option chosen. 

Death Benefit

If the insured dies within the plan's term, the insurance pays the death benefit. This reward is known as the death sum guaranteed, and its value is determined by the highest of the following values —

• If Option A is chosen, the total promised is 110 percent; if Option B is chosen, the sum assured is 160 percent.
• ten times the yearly premium
• 105 percent of the premiums paid up to the time of death
• An amount that is guaranteed to be paid out in the event of death (this is equal to the sum assured under the plan)

Conclusion 

Future Generali Assured Money Back Plan offers a variety of benefits that are easily accessible to consumers. This coverage assists policyholders in ensuring that their loved ones have financial stability even if they are not present. This plan is appropriate for those who want liquidity in their life insurance policies but have a restricted ability to pay premiums. You can purchase the plan if the flexibility of obtaining money back benefits through two ways appeals to you.

Also read: 

Common Riders Available in a Money Back Policy

 Money Back Plan Are The Best Investment Options. Here's Why?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.