FUTURE GENERALI CHILD BENEFIT PLAN

FUTURE GENERALI – CHILD BENEFIT PLAN:

This plan will help you to save money for your child’s future. It will help you to ensure that your child has a bright future.

Features:

• It gives you flexibility in terms of planning for your child’s future with a range of options available under this plan:

• Future Child Benefit Plan @ 21.

• Future Child Benefit Plan @ 23.

• It provides you regular payments so that you are able to meet your educational expenses at different stages of life.

• The minimum age at the entry level is 20 years and maximum is 55 years.

• The minimum sum assured is Rs.50, 000 and the maximum depends upon the company’s under lying guidelines.

• The term of the policy is:
  • For Future Child Benefit Plan @ 21 – 8 to 21 years.

• For Future Child Benefit Plan @ 23 – 10 to 23 years.

• The premiums can be paid on quarterly, half-yearly or yearly basis.

• The premiums can be paid through a regular or single premium payment mode.

• The maximum age at the maturity level is 70 years.

Benefits:

• You can also avail for a loan facility after the policy acquires the surrender value.

• You get Fixed benefits in the form of regular payouts as per the options selected under the plan:

Payable on the policy anniversary % of sum assured

• 3 years prior to maturity 15%
• 2 years prior to maturity 25%
• 1 year prior to maturity 25%
• At maturity 35% + guaranteed additions + vested bonuses.

• You also get a grace period of 30 days from the premium due date is available for all premium modes except for the monthly mode where it is 15 days.

• Tax Benefits are available u/s 80C and 10(10D) of the Income Tax Act.