An Individual Non-Linked, Non-Participating
(without profits), Savings, Life Insurance Plan
Future Generali Assured Education
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About Future Generali Assured Education Plan
Future Generali Assured Education Plan – a plan that arms you with the necessary funds to help higher education for your child into one of the finest institutes. This gives your child an ideal launch pad for a bright career.
Why opt for Future Generali Assured Education Plan?
The plan enables you to save systematically until your child turns 17 years, for his/her graduation or post-graduation expenses.
3 options to receive guaranteed1 pay-outs depending on your child’s education requirement i.e. graduation or post-graduation
In case of death of insured parent,
Guaranteed1 Death Benefit is paid immediately & future premiums payable are waived off.
A regular yearly payout of 5% of Sum Assured on death and thereafter on every death anniversary until your child turns 17 years to help your child’s recurring education expenses
Education milestone linked guaranteed1 payouts and maturity benefit as chosen by you are paid as scheduled without any deduction.
Tax benefits2 on premiums paid and benefits received as per prevailing tax laws.
How this Plan Works?
30 years old Raj and Father of a 1-year-old, Aryan purchased Future Generali Assured Education Plan to fund Aryan’s tuition fees through yearly pay-outs.
Sum Assured – INR 20,00,000
Policy Term – 16 years
Premium Payment Term – 16 years
When Aryan turns 17 years, Raj will receive 100% of Sum Assured depending upon the option chosen:
Age of your Child
Year of Pay-out
Option A
Option B
Option C
Annual Premium
INR 80,410 p.a.
INR 74,280 p.a.
INR 84,660 p.a.
17 Years
End of 16th Year (End of Policy Term)
40% of Sum Assured i.e. INR 8,00,000
10% of Sum Assured i.e. INR 2,00,000
100% of Sum Assured i.e. INR 20,00,000
18 Years
Policy Term + 1 year
30% of Sum Assured i.e. INR 6,00,000
10% of Sum Assured i.e. INR 2,00,000
NIL
19 Years
Policy Term + 2 years
20% of Sum Assured i.e. INR 4,00,000
10% of Sum Assured i.e. INR 2,00,000
NIL
20 Years
Policy Term + 3 years
10% of Sum Assured i.e. INR 2,00,000
70% of Sum Assured i.e. INR 14,00,000
NIL
Disclaimers
1. Guaranteed benefits are payable subject to all due premiums being paid.
2. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. You are advised to consult your tax consultant.
3. For detailed features, benefits and Terms & Conditions, please read the sales brochure carefully before concluding the sale.
Future Generali India Life Insurance Company Limited (IRDAI Regn. No.: 133) (CIN: U66010MH2006PLC165288). Regd. & Corporate Office Address: Unit 801 and 802, 8th floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai – 400083 | Fax: 022-4097 6600 | Email: [email protected] | Call us at 1800 102 2355| Website: life.futuregenerali.in | UIN: 133N057V02 |ARN :- ADVT/Comp/2021-22/July/148
Insurance is the subject matter of solicitation. AU Small Finance Bank Limited ("AU Bank") with registered office at 19-A, Dhuleshwar Garden, Ajmer Road,Jaipur- 302001, Rajasthan (CIN: L36911RJ1996PLC011381) is a corporate agent (Composite, IRDAI Reg No.: CA0515 valid till 30/08/2023) of Future Generali India Life Insurance Company Limited. The purchase by AU Bank’s customer of any insurance products offered by Future Generali India Life Insurance Company Limited is purely on voluntary basis Tel.: 1800 1200 1200 / 1800 26 66677. The insurance products offered here are underwritten by Future Generali India Life Insurance Company Limited.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint
