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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 Pension Advantage Plan
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Plan Nature
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ULIP
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Plan Category
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Retirement Plan
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UIN No.
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133L010V01
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About Plan
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Future Pension Advantage Plan offers you an excellent way to create a regular stream of income after your retirement. With this plan you can enjoy the lifestyle you want after your retirement. This plan ensures maximum allocation of your contribution to personal pension fund account. Future Pension Advantage Plan puts you in control bygiving you the flexibility to change your choices any time.
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Minimum Entry Age
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18 Yrs
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Maximum Entry Age
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78 Yrs
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Minimum Policy Term
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2 Yrs
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Maximum Policy Term
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10 Yrs
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Benefits
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| Particulars | Description |
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Death Benefits
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Fund Value is payable to the beneficiary. In case the Term Rider is also opted for, the Sum Assured along with the fund value is payable to the beneficiary.
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Vesting Benefit
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At Vesting Age you can choose to withdraw up to one third of the Fund Value in a lump sum tax free as per the curren Tax Law. The remaining amount has to be used to buy annuity from either Future Generali India Life Insurance or from any other Annuity provider.
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Surrender Benefit
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Your policy will acquire surrender value only after the payment of one full year's premium and will be payable only after the completion of three policy years. The surrender value will be the Fund Value less the surrender charges, as applicable.
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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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Term Assurance Rider [133B003V01]
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Investing in a pension plan is a vital part of saving for your future. And the sooner you start, more likely you are to enjoy the lifestyle you want after your retirement.- Future Pension Advantage Plan offers you an excellent way to create regular stream of income after retirement.- We make it possible for you by investing your contribution in our 4 investment funds thus helping you build a sizeable corpus till you retire.- Maximum allocation of your contribution to personal pension fund account
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Your premium is invested in unit funds of your choice. Currently you have a choice of four investment funds, providing you the flexibility to direct your investments in any of the following unit linked funds of the Company. The funds invest in a mix of cash/other liquid investments, fixed interest securities and equity investments in line with their risk profile.
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- Fund Value is payable to the beneficiary- In case ,Term Rider is also opted, Sum Assured along with the fund value is payable to the beneficiary
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- At Vesting Age 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 Future Generali or from any other Annuity provider.
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Your premium is invested in unit funds of your choice. Currently you have a choice of four investment funds, providing you the flexibility to direct your investments in any of the following unit linked funds of the Company. The funds invest in a mix of cash/other liquid investments, fixed interest securities and equity investments in line with their risk profile.
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Pension Active
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Pension Balance
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Pension Growth
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Pension Secure
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Particulars
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Range
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Pension Active
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Money Market Instruments, Government bonds and corporate bonds
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0% - 40%
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Equity Instruments
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60% - 100%
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Pension Balance
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Money Market Instruments, Government bonds and corporate bonds
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80% - 100%
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Equity Instruments
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0% - 20%
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Pension Growth
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Money Market Instruments, Government bonds and corporate bonds
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30% - 80%
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Equity Instruments
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20% - 70%
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Pension Secure
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Money Market Instruments, Government bonds and corporate bonds
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0% - 100%
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Pension Active Fund
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18-Jun-13
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19.3902
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Pension Balance Fund
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18-Jun-13
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16.4622
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Pension Growth Fund
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18-Jun-13
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17.5299
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Pension Secure Fund
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18-Jun-13
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17.1513
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Pension Active
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Pension Balance
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Pension Growth
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Pension Secure
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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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