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Insurance Company
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Future Generali India Life Insurance Company Ltd
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Plan Name
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Future Guarantee Advantage Plan
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Plan Nature
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TRADITIONAL
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Plan Category
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Term Plan
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UIN No.
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133N027V01
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About Plan
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You have to first decide the amount you want to invest as premiums under the policy. The minimum amount of annual premium is Rs 6,000.The Sum Assured depends on the amount of premium that you decide to pay. The minimum Sum Assured is 5 * annualized premium, the policy term of 10 yrs, 15 yrs, 20 yrs, 25 yrs or 30 yrs for which you would like to avail the benefits of the policy. You have to pay the premium through out the policy term. Depending upon your financial planning, you can decide the policy term.
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Minimum Entry Age
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0years
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Maximum Entry Age
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60years
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Minimum Maturity Age
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18years.
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Maximum Maturity Age
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70years
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Minimum Sum Assured
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5 times Annual Premium
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Maximum Sum Assured
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Rs.25,00,000
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Minimum Premium
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Rs.6,000
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Maximum Premium
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Rs.5,00,000
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Benefits
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| Particulars | Description |
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Maturity Benefits
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Maturity of the policy the Policy Account Value as on the date of Maturity plus the Assured Loyalty Additions are payable to the life assured.
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Death Benefits
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In an unfortunate demise of the life assured either natural or due to accident, prior to the commencement of risk under the policy,will pay the Policy Account Value plus Assured Loyalty Additions (if eligible) to the nominee.In an unfortunate demise of the life assured after the commencement of risk, the Sum Assured plus the Policy Account Value plus Assured Loyalty Additions (if eligible) are payable to the nominee.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Provides Assured Loyalty Additions ranging from 60% to 325% of the first year annual premium payable on maturity or at earlier death if occurs after 8 years from policy commencement, provided all due premiums are paid.
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On death other than accidental, sum assured + Policy Account Value + Assured Loyalty Additions (if eligible) is payable to the nominee. On death due to accident provided life assured is above age 18, 3 times sum assured + Policy Account Value + Assured Loyalty Additions (if eligible) is payable to the nominee.
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On maturity, Policy Account Value + Assured Loyalty Additions (if eligible) is payable to the life assured.Separate account namely Policy Account will be maintained at policyholder level.
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Partial withdrawal can be made after 3rd policy year. No partial withdrawals will be allowed in the last 5 years of the policy.
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16-Jul-09
10:23
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Future Generali launched Silver, Gold and Platinum plan for motor vehicles
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23-Jun-09
11:01
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Future Generali plans to launch women- related insurance products
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20-Jun-09
14:10
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Selling covers through Future Group's malls : Future Generali Life
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19-Jun-09
11:21
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Future Generali plans to launch 10-12 new products
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17-Jun-09
19:31
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Future Generali Life launched Future Anand
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28-Apr-09
13:40
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General Motors ties up with Future Generali
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23-Apr-09
20:14
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Future Generali launches 'Child benefit plan'
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18-Apr-09
11:31
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Future Generali will launch domestic and student travel insurance
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17-Mar-09
15:30
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Price list of spare parts of 'Nano' concerns : Future Generali
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04-Feb-09
12:41
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Future Generali tied with Manappuram General Finance for Gold Loan Customers
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29-Jan-09
16:51
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Insurers to inform consumer on bouncing of cheque
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14-Jan-09
12:35
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Future Group looking at premium of Rs 1,000 cr
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30-Dec-08
11:20
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Future Generali plans thrust on total insurance solutions
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29-Dec-08
13:10
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300 crore infusion is planned: Future Generali
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12-Dec-08
12:00
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Future Generali to invest Rs 370 cr this fiscal
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08-Oct-08
08:35
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Future Generali unveils 2 pension products
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