Future Generali Dhan Vridhi Plan

• Dual benefit of protection and investment
• Flexibility to invest in 6 robust fund options
• Maturity benefit as lump sum or installments
• Limited premium payment term
• Partial Withdrawal to access funds
• Fund switching to maximize returns
• Avail Premium Re-direction
• Enjoy tax benefits

This policy offers following 6 investment funds and you have the option to invest in any one or combination of fund options.

• Future Secure Fund
• Future Income Fund
• Future Balance Fund
• Future Apex Fund
• Future Maximise Fund
• Future Opportunity Fund

Death Benefit

In the event of death of the life assured while the policy is in-force, the Death Benefit payable is higher of Sum Assured (less Partial Withdrawals#), Fund Value, or 105% of basic premiums paid till the date of death.

On the Death of the Life Assured during the policy term, the policy gets terminated after payment of the Death Benefit.

#Before age 60 years of the life insured, Base Sum Assured is reduced to the extent of Partial Withdrawals made during the last two years prior the date of death. Upon attaining 60 years of age, Base Sum Assured is reduced to the extent of all Partial Withdrawals made after attaining 58 years.

Maturity Benefit

On survival of the life insured till the end of the policy term, the Total Fund Value is payable at maturity. You can receive this benefit as a lump sum or as periodic installments by using ‘Settlement Option’.

Settlement Option

On maturity, you can opt to receive your money in annually, semi annually, quarterly or monthly installments over a maximum period of 5 years, after the date of maturity. In order to exercise this option, you need to give a notice to the company 30 days prior the policy maturity. You also have the option to completely withdraw the fund value at any time during the settlement period. No life cover is applicable during this settlement period. Partial Withdrawals and switching are not allowed during the Settlement Period.

You have the option to get maturity benefit through Option A & Option B.

Option A: 5 annual payments for next 5 years. 20% of the available Fund Value is payable for the first 4 annual payments. The balance Fund Value is then payable on 5^th annual payment.

Option B: 10 half yearly payments for next 5 years. 10% of the available Fund Value is payable for first 9 payments. The balance Fund Value is then payable on 10^th installment.

Switching

You can switch among 6 available fund options to suit your changing investment needs. The minimum switch amount allowed is Rs 5,000.

Premium Re-direction

Premium Re-direction facility is available to alter future premium allocation and it will apply to your subsequent premiums. This benefit is applicable after completion of first policy year. The policyholder may instruct the company in writing to redirect the future premiums.

Partial Withdrawal

Partial Withdrawal is allowed from 6^th policy year onwards (in case of minor lives, life assured attains 18 years). The minimum partial withdrawal amount allowed is Rs 5,000. The fund value required after such withdrawal should be at least 105% of the total premiums paid.

Bonus

This plan is not eligible for the bonuses.

Loan Benefit

No loan benefit can be availed under this plan.

Surrender Value

Upon surrendering the policy with-in the lock-in period of 5 years, the Fund Value less applicable discontinuance charges is credited to the ‘Discontinued Policy Fund’ and it is refunded upon completion of the lock-in period. A fund management charge of 0.50% per annum of the Discontinued Policy Fund is applicable. The proceeds after addition of interest subject to a minimum guaranteed interest rate of 4% per annum or as stipulated by IRDAI is payable after the end of the lock-in period.

Upon surrendering the policy after the lock-in period of 5 years, the Fund Value as on the date of surrender is payable immediately and the policy then terminates.

Future Generali Linked Accidental Death Rider can be opted, on payment of additional rider premium.

Premium Allocation Charges: This charge is deducted from the premiums paid and the balance amount is then allocated to funds chosen. The premium allocation charge is 5.25%/2% for 1^st policy year/2^nd policy year onwards, respectively.

Policy Administration Charge: The Policy administration charge is 4.5%/4.20% of annualized premium, subject to a maximum of Rs 6000 per annum for 1^st to 5^th policy year/6^th policy year onwards, respectively. This charge is deducted at the start of every month by cancelling appropriate units from the fund value.

Mortality Charges: Mortality charge is levied at Sum at Risk and it is applicable for providing you with the risk cover. Sum at Risk is higher of (Sum Assured less Partial Withdrawals, 105% of premiums paid) less Fund Value under the policy.

Fund Management Charges: Fund management charge levied is a percentage of the Fund Value. It is 1.35% p.a. for Future Income Fund, Future Balance Fund, Future Apex Fund, Future Opportunity Fund and Future Maximise Fund, 1.10% p.a. for Future Secure Fund, 0.50% p.a. for Discontinued Policy Fund.

Switching Charge: You can avail 12 free switches during a policy year. A charge of Rs 100 is levied per switch when opted for more than 12 switches in the same policy year. This charge can be revised to a maximum of Rs 250 upon prior approval from IRDAI. No option is there to carry forward the unused free switches.

Partial Withdrawal Charge: 6 free partial withdrawals are allowed during a policy year. Rs 200 is levied for each partial withdrawal, in excess of free withdrawals allowed.

Discontinuance Charge: This charge is levied, in case the policy is discontinued during the first 4 policy years. This charge is levied as applicable under the policy terms & conditions. For more details, please refer the policy brochure.

Miscellaneous Charges: Alterations made in the policy contract, such as premium redirection attract the charge of Rs 250 per alteration.

Taxes: The charges mentioned under this plan are subject to applicable tax and cess, as applicable.

Tax benefits can be availed under section 80C & 10(10D) under the Income Tax Act, subject to change in tax laws.

Mr. Shyam aged 34 years, opts for Future Generali Dhan Vridhi with the policy term of 20 years, premium payment term of 15 years, annual premium of Rs 50,000 and sum assured of Rs 5,00,000.

Scenario A- Maturity Benefit: In case of his survival till maturity of the policy, the Total Fund Value is payable at maturity. You can receive this benefit as a lump sum or as periodic installments by using ‘Settlement Option’.

Scenario B- Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured (less Partial Withdrawals), Fund Value, or 105% of basic premiums paid till the date of death.