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Business EconomyPosted at: Oct 7 2020 4:13PM


Future Generali India Life Insurance Company Limited introduces Future Generali New Assured Wealth Plan

Kolkata, Oct 07 (UNI) Future Generali India Life Insurance Company Limited (FGILI), today
announced the launch of its latest offering, Future Generali New Assured Wealth Plan.
The product is a traditional non-par endowment insurance plan with the following key
features:
Provides flexibility to choose combination of premium payment term and policy term
Higher Entry age and Coverage Age – Maximum entry age till 60 years and Maximum
Maturity Age till 76 years
Flexibility to choose payment frequency – Choose from Annual/Half Yearly/Quarterly
and Monthly mode
Accrued Guaranteed Additions – Guaranteed Additions as a percentage of Sum
Assured accrue every year starting from 8th policy year and are payable at maturity
Plan offers following two options based on customers’ requirements -
Option 1 - Guaranteed endowment plan
Option 2 - Guaranteed endowment plan with inbuilt waiver of premium.
Announcing the launch of Future Generali Assured Wealth Plan, Rakesh Wadhwa, Chief
Customer and Marketing Officer, Future Generali India Life Insurance Company Limited,
said, ­­­­­­­­“Given the volatility in interest rates, many customers look for long term solution with
guaranteed returns. Also, the ongoing pandemic has made people understand the
importance of being financially protected. Both these factors have resulted in higher
enquires for guaranteed life insurance products."
"We understand that our customers prefer products that are smart, flexible and add
value. Our New Assured Wealth Plan not only provides flexible features and options to
choose from but also offers long term guaranteed returns."
"For example, if a 30 year old customer pays a premium of 10 Lacs per year for 10
years, the guaranteed maturity benefit at the end of 20th year is almost 2.5 Cr."
UNI XC BM
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