FUTURE GENERALI FUTURE PENSION PLAN

FUTURE GENERALI – FUTURE PENSION PLAN:

This is a retirement plan which will provide you income in the form of pension during your days of retirement.

Features:

• It helps you to save money for your future years.

• It gives you the flexibility to choose your premium payment between a regular and one time pay plan.

• The minimum age of retirement in this plan is 40 years and maximum is 70 years.

• The minimum premium to be paid under a regular plan is Rs.10, 000 and Rs.25, 000 under a single premium plan while there is no maximum limit on the payment of premium.

• The fund can be accumulated between a period of 5 to 40 years.

• The minimum age at the entry level is 18 years and maximum is 60 years.

• The minimum premium to be paid under a:
  • Yearly plan is Rs.10, 000.
  • Half-yearly plan is Rs.5, 000.
  • Quarterly plan is Rs.3, 000.
  • Monthly plan is Rs.1, 000.

Benefits:

• In case of your unfortunate death, your beneficiary has the option to purchase annuity from the death benefit.

• If in case you opt for a term rider, the beneficiary of your policy is given the sum assured along with the surrender value.

• You can enjoy the tax benefits under the Income Tax Act, 1961.