Future Generali India Life Insurance has introduced on Monday, March 12, the "Future Generali Single Premium Anchor Plan" — a single-premium, non-linked, non-participating savings, life insurance plan that offers guaranteed returns with a one-time premium payment. The insurance company has stated that this is in response to the dynamic financial landscape and the increasing need for secure financial solutions. 

Future Generali Single Premium Anchor Plan: Details

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This single premium plan requires a one-time payment, offering individuals the opportunity to invest once and reap the benefits throughout the policy term. 

Wealth Option: 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. 

Income Option: 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.

The Future Generali Single Premium Anchor Plan boasts an up to 7.03 per cent Internal Rate of Return (IRR), thereby ensuring financial security and providing policyholders with the potential for stable and attractive returns on their investments over the policy term.

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. 

 

Future Generali Single Premium Anchor Plan: 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.

 

Future Generali Single Premium Anchor Plan: 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 per cent (for aged 65 years, with Policy Term 30 Years and Single Premium of Rs 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.
 

Future Generali Single Premium Anchor Plan: 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.

Announcing the launch of the Single Premium Anchor plan, 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."