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Friday, December 19, 2014

Future Generali India Life Insurance launches the Future Generali Assured Income Plan

A guaranteed income plan along with an insurance cover 

Future Generali India Life Insurance Company (FGILI), a joint venture between Future Group - the leading retailer of India, Assicurazioni Generali - a global insurance group and one of the world's 50 largest companies and IITL - a leading NBFC, today announced the launch of the Assured Income Plan which is a non-linked, non-participating endowment plan. The plan comes with two term options - 11 years and 15 years, at the end of which the policy holder receives an assured annual income after the Policy Term with an additional benefit upto 4.5 times the annualized premium, depending on the age. 

The policy holder has an added benefit of receiving the maturity benefit in monthly installments. In such a case, he will get 2.5% more than the annual installment. 

On the occasion of the launch, Munish Sharda, Managing Director & CEO, Future Generali India Life Insurance said, "The need for life insurance stems from the need to provide financial security to the family, and in today's inflationary and uncertain macro environment, it is important to have a financial plan in advance for your future needs. We at Future Generali are proud to present the Future Generali Assured Income plan, a value for money product, which is versatile, simple to understand and can be used for various long term needs like retirement or financial planning for your children. The product offers both the options of regular annualized income as well as a one-time lump sum payment." 

"This product is in line with our philosophy of offering simple to understand propositions which deliver value to our customers," he added.
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