Future Generali’s New Assure Plus is a traditional insurance-cum-investment policy by Future Generali India Life Insurance Co. Ltd, where investment benefits are linked to performance of the participating fund. It offers two options, one of which works like a child plan.
Policy details
You start by choosing a sum assured, which is the guaranteed money that you get on maturity or on death. Depending on factors like your age and policy term, the policy will calculate the annual premium that you need to pay. In terms of insurance, there are two death benefit options to choose from. The first is structured like a basic endowment policy, so on death of the policyholder the beneficiary gets the insurance money and the policy terminates. Death benefit in this case is higher of the sum assured or 10 times the annual premiums paid plus all the bonuses accrued in the policy, subject to a minimum payment of 105% of all the premiums paid.
