Future Generali Assured Money Back Policy Explained

Future Generali is one of the growing life insurance companies in India. The result of a joint venture between the Future Group, Generali Group and IITL, Future Generali Life Insurance is highly known for its vast range of life insurance products that comprises protection plans, health plans, child plans, retirement plans and savings plans too. 

The assured Money Back Plan is one of the popular savings plans offered by Future Generali. This money-back plan is an excellent option for policy buyers looking for a single source of insurance and investment. Let us find out more about this money back policy.

What Is the Future Generali Assured Money Back Policy?

Future Generali Assured Money Back Policy is an individual, non-linked, non-participating savings policy. One of the popular money-back policies in the insurance market, Future Generali Assured Money Back plan guarantees financial security. A significant feature of this policy is that it allows the policyholder to choose between 4 policy terms on the basis of their financial needs. Moreover, what’s best about the policy is that the money received can be utilized for achieving different life goals.

Unique Features of Future Generali Assured Money Back Policy

Some of the unique features of Future Generali Assured Money Back Policy are:

• 2 Options to Receive Survival Benefits: Based on their needs, the policyholder can choose to receive either 10% of the sum assured every year for 9 years and 110% of sum assured on maturity or receive 10% of the sum assured every year for 4 years and 160% of sum assured on maturity. 
• Limited Premium Payment Term: The policyholder can choose to pay premiums for 5, 7, 10 or 12 years keeping their future financial requirement and liabilities in mind. 
• Life Cover: The policyholder will get life coverage and in the event of their unfortunate demise, their nominee will receive the death sum assured. 
• Tax Benefits: The policyholder will be entitled to receive tax benefits under Section 80C and 10(10D) as per the laws. 

Major Benefits Under Future Generali Assured Money Back Policy

The list of major benefits under the Future Generali Assured Money Back plan include: 

• Survival Benefits: The policy offers 10% of the sum assured at the end of every year after the premium payment term, for 9 years and 4 years as per the conditions.
  
• Death Benefit: The nominee receives death sum assured, which is the highest of 10 times annualised premium, or 105% of total premiums paid as on date of death or 110% of sum assured for option A or 160% of sum assured for option B and absolute amount assumed to be paid on death that is equal to the sum assured.
  
• Maturity Benefit: 110% of sum assured and 160% of sum assured at the end of Policy Term as per the conditions. 

The Future Generali Assured Money Back Policy has a free-look period of 15 days while the grace period is of 3 0 days for annual, half-yearly or quarterly premium payment. The grace period is 15 days in case of monthly premium payment. 

An excellent savings option, Future Generali Assured Money Back Policy is definitely worth the investment. If you need more information regarding the plan, make sure to contact InsuranceDekho experts today itself!

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.