The plan offers flexibility to choose the premium payment term and also the number of years to receive guaranteed income after the premium payment term is over. The policy holder also receives annual cash bonuses.
Mr. Deepak Sood, Managing Director and CEO of Future Generali India said that the Secure Income Plan can be purchased from a low amount of Rs. 10,000 to a maximum amount based on maximum sum assured.
Customers in the age group of 0 to 60 years can avail this plan and the term ranges from 15 to 65 years.
On completion of premium payment / accrual period, accrued compounded reversionary bonuses are paid and added 5.5% of sum assured is paid as guaranteed annual cash back plus cash bonuses till the end of policy term.
If the policy is in-force, the policy holder will receive the sum assured, on maturity, plus the terminal bonus, if any, as maturity benefit.