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Term Insurance 674 views February 12, 2021
Considering the uncertainties of life, it is important to have a life insurance plan that can protect your family even in your absence. Future Generali Care Plus Plan can ensure the same. This non-linked non-participating pure risk premium life insurance plan from Future Generali can let you effectively deal with uncertainties.
Want to know more about the Future Generali Care Plus Plan? On this page, we will discuss some of its important aspects such as key features, sum assured options, premium amount, rebate, eligibility criteria, etc. Do read to know more!
Table of Contents
What explains our confidence behind the Future Generali Care Plus Plan? You must be having this question in your mind! Well, the plan comes with exciting features that you can see below. Have a look!
You should know that the Future Generali Care Plus Plan does not provide any maturity or surrender benefits. However, if you die during the policy term, the company will pay a death benefit to the nominee. It can be the highest of the following amounts. Have a look!
For the Future Generali Care Plus Plan, the minimum policy term can be 5 years for both classic and premier options. However, the maximum policy term can be 85 years minus the minimum age at entry (18 years) stands at 67 years. Do remember that you need to pay the premium amount throughout the chosen policy term. Individuals can choose the policy term according to their needs.
The minimum and maximum sum assured will depend on the option you choose under the Future Generali Care Plus Plan. If you choose the classic option, the sum assured can be as low as INR 1,50,000, with a maximum of INR 24,99,999. Whereas the minimum sum assured will be INR 25,00,000 if you choose the premier option with no maximum limit.
Future Generali Care Plus Plan also provides a huge discount or rebate if an individual chooses a large sum insured. This discount will depend on the sum assured chosen by you. To know more, you can check the below table.
For Classic Option
Sum Assured | Per INR 1,000 Sum Assured |
---|---|
INR 6 lakh or above - less than INR 8 lakh | INR 3.80 |
INR 8 lakh or above - less than INR 10 lakh | INR 4.10 |
INR 10 lakh or above - less than INR 15 lakh | INR 4.30 |
INR 15 lakh or above - less than INR 20 lakh | INR 4.50 |
INR 20 lakh or above - less than INR 25 lakh | INR 4.60 |
For Premier Option
Sum Assured | Per INR 1,000 Sum Assured |
---|---|
INR 25 lakh - less than INR 50 lakh | Nil |
INR 50 lakh - INR 1 crore | INR 0.10 |
1 crore or above | INR 0.20 |
You will need to pay a premium amount towards your policy, and it will depend on the entry age, policy term and the sum insured chosen. The minimum premium amount stands at INR 887 per annum in the classic option, while it can be as low as INR 5,000 per annum for the premier option. Individuals can also choose to pay the premium from different modes of annual, half-yearly, and monthly (through ECS only).
There are some conditions that an individual needs to keep in mind before choosing a Future Generali Care Plus Plan. We are showing them below. Do check!