Future Generali Wealth Protect Plan

• Flexibility to invest in 6 different fund options
• Sum Assured up to 7 to 30 times of annualized premium
• Guaranteed loyalty addition on maturity
• Flexibility to customize the plan options
• Partial Withdrawals to access funds
• Switching & Premium redirection to maximize returns
• 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 Maximise Fund
• Future Apex 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 the total premiums paid (less Partial Withdrawals#) till the date of death. This Death Benefit is payable, even in case of death during the notice period.

#Sum Assured is reduced to the extent of Partial Withdrawals made during the last two years prior the date of death.

Maturity Benefit

On survival of the life insured till the end of the policy term, the Fund Value plus Guaranteed Loyalty Addition 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 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. Switching and Partial Withdrawals and are not allowed during the Settlement Period.

Guaranteed Loyalty Addition

Guaranteed Loyalty Addition is 5%/7.5% of the first year Annualized Premium for Gold Option (annual premium is equal to Rs 25,000)/Platinum Option (annual premium is greater than Rs 25,000).

Decrease in Sum Assured

Decrease in Sum Assured is allowed during the term of the policy. Any decrease in sum assured does not result to any change in the premium amount.

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. It can be done up to 2 times in a policy year.

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 each such withdrawal should be at least one year’s annualized premium.

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 is levied. The proceeds after addition of interest 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.

Following riders can be opted, on payment of additional rider premium.

• Future Generali Linked Accidental Death Rider
• Future Generali Linked Accidental Total & Permanent Disability Rider

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 (for both Gold & Platinum) is 5%/3%/2% for 1^st policy year/2^nd to 5^th policy year/6^th policy year onwards, respectively.

Policy Administration Charge: For Gold Option, the Policy administration charge is 3.75%/2.85% of annualized premium for 1^st policy year/2^nd policy year onwards, respectively. For Platinum Option, the Policy administration charge is 3%/2.45% of annualized premium for 1^st policy year/2^nd policy year onwards, respectively. The Policy administration charge is subject to a maximum of Rs 6000 per annum. 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 Sum Assured 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: 4 free partial withdrawals are allowed during a policy year. Rs 200 is levied for each partial withdrawal, in excess of free withdrawals.

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 change in Premium Payment Mode, Premium Redirection and reduction in Sum Assured 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, 80CCC(1), 80D, & 10(10D) under the Income Tax Act, subject to change in tax laws.

Mr. Ramesh opts for Future Generali Wealth Protect Plan (Platinum Option) with the policy term of 15 years, annual premium of Rs 1,00,000, and sum assured of Rs 10,00,000.

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

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 the total premiums paid (less Partial Withdrawals) till the date of death.