Mumbai: Private Insurer, Future Generali India Life Insurance Company, said on Monday that it has launched a flexible Unit Linked Insurance Plan that offers protection as well as the opportunity to create wealth. "Wealth Protect has been designed from the very start with a singular objective - to provide maximum flexibility and protection to customers seeking long term wealth creation," Future Generali India Life Insurance Company MD and CEO, Deepak Sood, said in a statement issued here. The product is available for customers between 7-60 years and the premiums can be paid on a monthly, quarterly, half yearly or yearly basis, with a minimum annualised premium of 25,000 and a maximum of 2,00,000. The premium paid in Future Generali Wealth Protect gets allocated to a fund of one's choice, thereby, providing flexibility in directing investments to any one or more out of the six unit-linked funds of the company. The policy holders can also choose to manage their investments actively, by making up to 12 free fund switches per year. Future Generali India Life Insurance Company is a joint venture between Future Group of India and Generali Group of Italy.