FUTURE GENERALI PENSION ADVANTAGE PLUS PLAN

FUTURE GENERALI – PENSION ADVANTAGE PLUS:

This plan will help you to create a regular flow of income in your days of retirement.

Features:

• Flexibility to invest your funds in 4 available investment funds.

• It will ensure maximum allocation of your contribution to the personal pension fund account.

• The fund options available are:
  • Future Pension Active.
  • Future Pension Balance.
  • Future Pension Growth.
  • Future Pension Secure.

• The minimum entry age required is 18 years and maximum is 76 years for a single premium and 74 years for a regular premium.

• The minimum age at the maturity level is 40 years and maximum age is 80 years.

• The premiums can be paid on single, monthly, yearly, ECS or half-yearly basis.

• The minimum term of the policy under a single premium is 4 years and for a regular premium is 6 years and the maximum term of the policy is 45 years.

• The minimum premium for a single premium plan is:
  • Policy Term 4 years – Rs. 70,000.
  • Policy Term 5 years & above – Rs. 50,000.

• The minimum premium for a regular premium plan is:
  • Policy Term 6 – 9 years – Rs. 18,000.
  • Policy Term 10 years & above – Rs. 15,000.

Benefits:

• In case of your unfortunate death during the accumulation period, the fund value is paid to your beneficiary.

• In case, Unit-Linked Term Assurance Rider is also opted, Sum Assured along with the fund value is payable to the beneficiary.

• At the time of vesting/maturity you get a choice to withdraw up to one third of the Fund Value in a lump sum – tax free as per the current Tax Law. The remaining amount has to be used to buy Annuity from either the company itself or from any other Annuity provider.

• Flexibility to switch some or all of the units from one unit linked fund to another. You also get 12 Free Switches, where the minimum switch amount is Rs.10, 000.

• Option to pre-pone or post-pone the vesting age within the permissible limits of the vesting age.