Future Generali Pension Plans

Future Generali Pension Plans
  • 98.15% Claim Settlement Ratio
  • Over 13.8 Lakh Policies
  • 117+ Branches All over India
PX step

#Virukipolicy | T&C*

Free Quotes From Top Companies

1

2

D.O.B
Income
| Gender

1

2

Phone No.
Name
Email
City

By proceeding you are accepting our T&C and privacy policy

About Future Generali Life Insurance Company

Future Generali - one of the leading life insurance companies in India. It is a joint venture between Future Group, Generali Group and Industrial Investment Trust Limited (IITL). The company aims to protect and enhance people's lives. The company caters to various life insurance products to deal with the different needs of customers. It has more than 117 branches to reach people on a wider scale. The company has received many awards and is in the news for all good reasons.

The company wants to become the first choice of customers by delivering relevant and accessible insurance solutions.

  • 117+ Branches: The company has a presence in 117+ major cities across India
  • Over 13.8 Lakh Policies: Till March 2019, the company has secured the lives of 13.8 lakh people.
  • 98.15% Claim Ratio: The company carries a good claim settlement ratio of 98.15 which is quite good enough
Future Generali Pension Plans
HeadquarterMumbai
Branches117+
Claim Ratio98.15
Business LineLife Insurance

Future Generali Pension Plans In India

Future Generali aims to secure your future and thus come out with amazing pension plans to secure your post-retirement days. Below is the list of its innovative plans for your perusal.

1. Future Generali Immediate Annuity Plan

The plan is designed to secure you even after you retire. It offers a fixed income for the rest of your life. Under the same, you will get the flexibility to choose a monthly or yearly payout.

Key Features of Future Generali Immediate Annuity Plan

  • The immediate annuity plan is a famous coverage plan from Future Generali and offers fixed, assured earnings once the premium payment term ends.
  • Policyholders will get an annuity card that lets in for easy and convenient withdrawal of finances at the time of maturity.
  • The policyholder can select a premium fee mode that suits him/her.

Eligibility of Future Generali Immediate Annuity Plan

Entry Age40-80 Years
Purchase PriceMinimum: 30,000/-
Maximum: No Limit
Policy TermTill the Policyholder/Annuitant is Alive
Annuity ModeYearly/Monthly

2. Future Generali Pension Guarantee - Guaranteed Pension Plan

Future Generali Pension Guarantee is a plan that offers guaranteed benefits either on maturity or in case of an early demise. In short, this plan offers a comfortable retired life. The Future Generali Pension Plan offers several additional bonuses.

Key Features of Future Generali Pension Guarantee

  • Under this plan, the plan comes out in three forms - normal, constrained and single.
  • By getting insured under this plan, the insured will become liable to receive death and maturity benefits, along with compounded bonuses.
  • It offers a death benefit to the nominee in case of any unfortunate situation
  • Insured will get several additional bonuses during the policy tenure.

Eligibility of Future Generali Pension Guarantee

Entry Age20 to 70 years
Minimum Vesting Age40 years
Policy Term10-20 Years
Premium Payment Term (PPT)Regular

Why Select Future Generali Life Insurance Pension Plans?

Future Generali is one of the leading insurance providers in India and gives super options, specifically for your post-retirement life. Here are some reasons why you must select Future Generali Pension Plans:

  • Future Generali essentially gives two forms of retirement and pension plans: The instant Annuity Plan and the Pension guarantee plan, with both these plans offering complete pension benefits.
  • Each of Future Generali Pension plans offers tax benefits on premium below phase 80C of the Income Tax Act, 1961 and on death and maturity advantages under Section 10D of the Income Tax Act, 1961.
  • Policyholders get an assured, constant monthly income till the give up of the policy term. Policyholders may even acquire loyalty bonuses that are compounded and paid out at the end of the Policy Term. At any point in time, once the policy term ends, the policyholder will get more than 100% of the premiums paid as maturity benefit

Advantages Of Future Generali Life Pension Plans

Retirement Plans by Future Generali are designed to especially for people who wish to have a normal income flow during post-retirement. Both of the plans offer great financial support to the insured.

  • Those plans offer a massive corpus at the time of retirement. Insured can use this lump sum amount to deal with post-retirement financial needs.
  • These plans additionally offer a life insurance cover to the insured - The nominee will get a sure amount(already determined by the policy) if any unexpected incident takes place.
  • The policyholder can choose to get a regular pension or a one-time payout. Different advantages are also covered in the plan.
  • Retirement Plans presented by Future Generali are associated with tax benefits under section 80C of the Income Tax Act, 1961.
  • Customers can choose to obtain their pay, both on a monthly or yearly basis.
  • The Immediate Annuity Plan lets in a purchaser to select both a life Annuity Plan or a Life Annuity Plan with the return of purchase fee.
  • The Pension Assures that plan gives a payout equivalent to 101% of rates paid at some stage in the premium period.
  • Customers are eligible to get bonuses after the policy matures
  • Customers are allowed to choose their best pension plan online as well.

FAQ's

To check the status of your policy, you must visit the site of the company. You must fill the details in the track sheet to know your status.

If you pass over the premium, your plan will lapse and you may need to revive it within 2 years from the day of lapsation. Refer to your product file to know more about this.

The claim must be informed at the earliest. You can do the same through call or by visiting the office. You have to fill in the claim form as well then the company will take care of the rest.

If the authentic policy record is lost or out of place, you will be asked to submit a few other documents and the claim can be processed.

You can change your correspondence address post issue of the policy by filing a written request and address proof at the nearest branch.

- / 5 ( Total Rating)

Last updated on 13-11-2019