Powered by: Motilal Oswal
12-03-2024 02:26 PM | Source: PR Agency
Future Generali India Life Insurance Unveils "Future Generali Single Premium Anchor Plan"
News By Tags | #InsuranceSector #Industry

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Mumbai, March 12, 2024: In response to the dynamic financial landscape and the increasing need for secure financial solutions, Future Generali India Life Insurance has introduced the "Future Generali Single Premium Anchor Plan." It is a single-premium, non-linked, non-participating savings, life insurance plan offering guaranteed returns with a one-time premium payment.

As individuals plan their financial future, navigating various investment options is key. A life insurance policy becomes crucial for all those who are keen to manage their financial risk. While the guaranteed life insurance plans are popular, the decision extends to choosing between a single premium or a regular premium plan. Opting for a single premium plan can be a convenient choice for policyholders, offering simplicity and long-term benefits. The Future Generali Single Premium Anchor Plan stands out with a significant advantage – it boasts a remarkable Up to 7.03% Internal Rate of Return (IRR). This feature not only ensures financial security but also provides policyholders with the potential for stable and attractive returns on their investments over the policy term.

About Future Generali Single Premium Anchor Plan:

This single premium plan simplifies investment by requiring a one-time payment, offering individuals the opportunity to invest once and reap the benefits throughout the policy term. With two distinct options, the "Wealth Option" enables policyholders to pay a premium once and receive a lump sum payout at the end of the policy term. The "Income Option" serves as a versatile financial solution, providing income payouts throughout the policy term with the flexibility to start immediately, after 5 years, or after 10 years.

Key Features:

  • Guaranteed Dual Advantage: Combines long-term guarantee with a steady income stream.
  • Investment Simplified: Requires a single premium payment for hassle-free investment and benefits throughout the policy term.
  • Flexible Options:
  • Wealth Option: Pay premium once and receive a lump sum payout at the end of the policy term with IRR up to 7.03% (for aged 65 years, with Policy Term 30 Years and Single Premium of ?1 Lakh, excluding applicable taxes).
  • Income Option: Pay premium once and receive income payouts starting immediately, after 5 years, or after 10 years.
  • Death Benefit Security: Death Benefit, ensuring financial security for beneficiaries, payable as the greater of the Sum Assured on Death or Surrender Value.
  • Survival Benefit Flexibility: Various income payout options under the "Income Option," providing adaptability to policyholders.

Announcing the launch of the Single Premium Anchor plan, Mr. Alok Rungta, Deputy CEO & Chief Financial Officer of Future Generali India Life Insurance Company Limited said "In the realm of financial uncertainties, individuals seek not just security but also the assurance of a robust financial future. At Future Generali India Life Insurance, our commitment is to be a Lifetime Partner to all our customers. The Future Generali Single Premium Anchor Plan is a valuable addition to our product offering and a testimony to our dedication to offer secure and comprehensive financial solutions."

Key Benefits and Advantages:

  • Long-Term Financial Planning: Enables individuals to plan for their financial future with a single premium payment.
  • Life Milestones without Worry: Comprehensive life protection allowing policyholders to enjoy all life milestones without financial concerns.

Future Generali India Life Insurance Company Limited offers an extensive range of life insurance products and a distribution network that ensures we are close to meeting our customers' needs. With the Future Generali Single Premium Anchor Plan, one can enjoy all the life milestones without any worry. 

For more information on the product, please visit – https://life.futuregenerali.in/insurance-plans/savings-plans/single-premium-anchor-plan 

 

Above views are of the author and not of the website kindly read disclaimer