ULIP Scheme launched by Future Genrali


Bangalore: Future Generali India Life Insurance Company has launched a new scheme Future Bima Advantage Plan. Bima Advantage is a unit-linked endowment plan that not only helps you build wealth, but also offer you the added advantage of double protection, with an option to double your insurance cover at the very inception. It also offers a wide choice of investment funds to match your risk appetite and a host of other flexible options to customize the plan to your unique needs. So, don't settle for just any ULIP. Demand more with Future Generali Bima Advantage. The minimum entry age for this scheme is 7 years and the maximum age is 65 years. The minimum maturity age is 18 years and 75 years is the maximum maturity age. On maturity of the policy, the fund value as on the date of maturity is payable to the life assured. You can opt for Enhanced Insurance Cover to enhance the life cover under the policy at inception. In an unfortunate event of demise of the life assured, the Enchanced Insure Cover sun assured is paid in additional basic plan sum assured under the policy is payable to the nominee. The sum assured for Enhanced Insurance Cover will be equal to or less than the basic plan sum assured depending on whether the premium for such cover exceed 30 percent of basic premium. It will be equal to basic plan sum assured in cases where Enhanced Insurance Cover premium does not exceed 30 percent of basic premium and will be reduced in cases where this limit is exceeded such that the premium for such cover does not exceed 30 percent of basic premium. The plan provides for a choice of investment funds, thereby, adding flexibility in directing the investments to any or all of the 6 unit linked funds of the company.