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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 Wealth Protect Plan
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Plan Nature
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ULIP
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Plan Category
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Savings & Investment Plan
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UIN No.
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133L036V01
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About Plan
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Life poses ever increasing demands. With needs always growing, it is imperative that you plan your finances wisely so that you have enough resources when you or your family need them. With this end in mind, we bring you future Generali Wealth Protect Plan; a unit linked insurance plan that offers not only protection, but also an opportunity to create the wealth you desire.This plan gives you the freedom to decide how much wealth you want to create for yourself and your family and also the flexibility to decide where you want to invest your money at any point in time. Also offering enhanced protected and are able to make all your wishes come true.
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Minimum Entry Age
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18years
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Maximum Entry Age
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60years(last birthday)
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Minimum Maturity Age
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65years
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Minimum Sum Assured
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Rs.75000
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Maximum Sum Assured
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Accidental Death Benefit: Up to the base plan sum assured, subject to maximum Rs.30Lacs on a single life
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Minimum Policy Term
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5years
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Maximum Policy Term
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30years
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity of the policy, the fund value plus guaranteed loyalty addition as on the date of maturity is payable to the life assured. The life assured may also choose to receive the maturity benefit under the settlement option explained later in this brochure.
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Death Benefits
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In case of demise of the life assured during the policy term while the policy is in force, the nominee receives the higher of
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Death Benefits
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Sum assured less deductible partial withdrawals, if any, or
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Death Benefits
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Fund value under the policy or
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Death Benefits
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105% of the total premiums paid less deductible partial withdrawals,
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Death Benefits
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If any deductible partial withdrawals are partial withdrawals made in the 2 years prior to the date of death of the life assured. The above said death benefit becomes payable even in case the life assured dies during te revival period.
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Death Benefits
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If the life assured is a minor at the time of issuance of the policy and the proposer predeceases the life assured during the minority of the life assured, no immediate benefit will be payable. If the life assured is minor at the time of the death of the proposer, a new proposer would need to be appointed.
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Partial Withdrawal Benefit
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Partial withdrawals can be made after the completion of lock-in period of 5 policy years. Four partial withdrawals are allowed per policy year free of cost and thereafter is subject to a partial withdrawal charge. Partial withdrawl can be made if the attained age of the life assured at the time of withdrawal is 18years or above, or by the proposer during his/her lifetime if the life assured is a minor. The minimum amount that can be withdrawn is Rs.5000/- (in multiple of '000). The Fund Value after a partial withdrawal should be equal to at least one year's annualised premium.
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Surrender Benefit
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The policy can be surrendered any time during the policy term. The Surrender Value will be the Fund Value less discontinue Charge, if any. If policy is surrendered before the completion of lock-in period of 5 policy yeas from the policy commencement date, the Surrender Value equal to Fund Value less applicable Discontinuance Charge will be kept in the Discontinued Policy Fund of the company.
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Surrender Benefit
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No subsequent charges will be deducted and a minimum interest rate of 3.5% p.a. compounded annually will be credited to it. The Surrender Value so accumulated will be paid after the lock-in period of 5 years. In case of death of the life assured during this period, the proceeds will be payable to the nominee/legal heirs as applicable. If the policy is surrender after the lock-in period, then the Surrender Value is the Fund Value and will be paid immediately.
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Tax Benefits
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| No data for Tax Benefits |
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Accidental Death Rider [133C001V01]
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Accidental Total & Permanent Disability Rider [133C002V01]
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Unit Linked Critical Illness (Core) Rider [133A017V01]
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Unit Linked Life Guardian Rider [133A018V01]
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Comprehensive protection of 7 to 30 tims your annual premium depending on your age and term, as per choice.
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Guaranteed loyalty addition on maturity based on first year premium paid.
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Distinguished investment opportunity with a choice of 6 investment fund options.
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Flexibility in choosing the policy term, premium payment mode, sum assured multiplier and a host of options like switching and premium redirection to maximise your returns.
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Enhanced protection through a choice of 4 Additional Benefit Riders.
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Access to fund by way of partial withdrawals and surrender benefits.
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Apex Fund
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Balance Fund
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Discontinue Fund
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Income Fund
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Maximize Fund
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Opportunity Fund
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Secure Fund
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Particulars
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Range
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Apex Fund
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Fixed Income Including Cash and Money Market Instruments
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0% - 50%
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Equity
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50% to 100%
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Balance Fund
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Fixed Interest including cash and Money Market Instruments
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10% - 70%
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Equity Instruments
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30% - 90%
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Income Fund
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Fixed Interest Investments, Cash and Money Market Instruments
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0% - 100%
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Equity Instruments
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0% - 0%
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Maximize Fund
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Fixed Income including Money Market Instruments
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10% - 50%
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Equity Instruments
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50% - 90%
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Secure Fund
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Money Market, Cash and Short Term Debt
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0% - 100%
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Equity Instruments
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0% - 0%
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Apex Fund
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23-May-13
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11.4207
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Balance Fund
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23-May-13
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13.5982
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Discontinue Fund
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23-May-13
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11.2181
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Income Fund
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23-May-13
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17.3936
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Maximize Fund
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23-May-13
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14.0612
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Opportunity Fund
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23-May-13
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10.0177
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Secure Fund
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23-May-13
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15.7864
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Apex Fund
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Balance Fund
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Discontinue Fund
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Income Fund
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Maximize Fund
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Opportunity Fund
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Secure Fund
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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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