Future Generali Child Insurance

The Future Generali Life Insurance company is a joint venture of the future group. It is a global insurance company and is ranked among the 50 companies across the world. The company came into establishment in the year 2007 with a total Net worth of Rs. 2600 crores. The primary concern is to work for the protection plan based on the long-term policy. It works on a large scale and thus holds various plans to cater to diverse requirements of the people's safety.

The child plan by Future Generali focuses to give world-class education for your little ones, therefore it goes by the name - 'Future Generali Assured Education Plan'. As it is a savings and Investment plan, it is a long-term policy that strives to meet every child's goal by securing their future.

Features of Future Generali Assured Education Plan

The plan gives you a hassle-free and systematic way to make payments until your child turns 17 years old for graduation or post-graduation college fees. Your child's education is secured even if there is a sudden unfortunate event in your life. But for further secure life, the plan also gives you an option to strengthen your plan by adding accidental death or accidental total and permanent disability riders.

Eligibility Criteria

Each parent needs to make sure about their child's future by putting their valuable savings in a child plan. However, not every person would be eligible to invest their savings or money cash in these plans.

Following Eligibility criteria must be considered before your investment in these plans-

• To avail of this plan, you must be 21-years with a maximum age limit of 50 years
• The entry-level for your child is a minimum 0 i.e. a newborn baby. On the underhand, the maximum age limit for your child under this plan is 10-years.
• There are two age, maturity of this policy, i.e. 35-years and 67-years
• The tenure for this child policy is fixed at 17-years less than the age of the child during the time of investment
• There is no maximum limit of the top-notch sum, yet at least Rs. 20,000 yearly and Rs. 2000 month to month ought to be paid towards premium
• The payment for premium and plan term is equal
• The payment mode of Future Generali child plan can be given on a monthly or yearly Basis

Maturity Benefits

The insurance plan offers you three options to receive payouts depending on your child's education milestones.

Here the child’s premium is paid for the total duration of the plan based on the standard pay option. The maturity advantages can be asserted in three distinct ways-either as cashback payouts under choice A and B or singular amount payout under alternative C.

Under A option

• Under A option, 40% of the aggregate guaranteed will be given on strategy development
• 30% one-year after development, and
• 20% after one more year, and the staying 10% will be guaranteed after one year when the child completes 20 years old.

Under option B

• 10% of the aggregate guaranteed will be paid on development and for each resulting year for a very long time and when the child arrives at 20 years old which is three years post-development
• 70% of the total amount guaranteed will be paid. Under option B, the total amount will be paid at the time of maturity

Key Pointer

• The maturity can only be claimed when the child reaches 17-years
• If by any chance the insured plan gets expired before it completes its maturity, then the death total sum will be paid to the nominee
• You can change the payment medium of your premium by following certain formalities and liabilities

You can also add-up to two riders with options like -

• Future Generali Plan for Non-Linked Accidental Total – This serves to be a guaranteed form of life insurance plan Offering lucrative tax benefits and guaranteed additions and maturity benefits.

• Future Generali Select Insurance Plan for Non-Linked Accidental Death Rider – Along with the death sum that is assured to be payable during death, the given plan extends even after the death of the assured individuals.

You can opt for a loan based on 85% of the surrender value applicable to this plan.

Benefits of Future Generali Child Plan

There are two primary benefits, such as:

Maturity Benefit

Making an investment in child plans where you can be guaranteed or ensured about the payouts and can have control of your child's future education. With the adaptability of picking the installment option, the policy is planned so that it can bring off all the dreams of your child, with no monetary issue.

Death Maturity

The policy offers a continuous secured future for your little one. However, by any chance, the parent of the insured child meets an unfortunate death at that point, then the child won't suffer from the monetary issue. Your child will avail of all the benefits that are offered.

Document Required

• Identity proof consisting of passport, Voter ID, aadhaar card, or driving license
• Proof of your Bank account
• statement of your bank account or Post Office saving account
• Your current address proof
• Proof of your utility bill
• Recent passport size photograph

Future Generali Child Insurance Customer Care

• Toll-Free Number: 1800-102-2355
• SMS Services: 5607003
• Email Id - care[@]futuregenerali[dot]in