Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Industry News

| More

Future Generali India Life Insurance introduces a new age ULIP, Future Generali Big Dreams Insurance Plan

Posted On: 2018-12-04 22:06:23

Future Generali India Life Insurance Company Limited (FGILI), today announced the launch of its latest offering, Big Dreams Insurance Plan. The product is a new age ULIP which differentiates itself from the market on 3 key points:

- Plan provides additional allocation on every premium payment made by the customer. This will encourage customers to stay invested for long term and get maximum value

- Only charges applicable are fund management and mortality charges. There are no other charges applicable under this plan

- Plan offers 3 life-stage based solutions to help customer fulfil their big dreams:

Option 1: Wealth Creation: To save for a specific milestone

Option 2: Retire Smart: To build a retirement corpus and get monthly income

Option 3: Dream Protect: To secure a child's education or protect family's lifestyle in case of unfortunate demise of the life assured.

Future Generali Big Dreams Insurance Plan offers six diverse funds having portfolio allocation across money market, debt securities and equities, which can be opted or switched by the customer depending upon their risk appetite and the prevailing market scenario. They have also launched a new investment fund - 'Future Midcap fund', to meet the needs of customers seeking long term capital appreciation by investing into mid cap stocks.

Key Highlights of Future Generali Big Dreams Insurance Plan

- Boost your returns with extra allocation, from 1% to 7% on each instalment premium.
- Benefit with Zero Allocation and Zero Admin charge and watch your wealth grow faster.
- Enjoy the benefit of life cover and secure your family's future against the uncertainties of life.
- Fulfill your life's goals by choosing from 3 available options - Wealth Creation, Retire Smart and Dream Protect.
- Flexibility to invest one-time, limited period or over the entire policy term.
- Avail of a new fund - 'Future Midcap Fund' which invests in at least 50% of midcap stocks (out of total equity investment)
- Avail Systematic Partial Withdrawal (under Option 1 and 2) and receive money in your account monthly to help you meet specific financial requirements.
- Avail Systematic Transfer Option to weekly transfer units from one fund to another, thus helping reduce risk exposure in volatile markets.
- Get the flexibility to change your funds and always be in complete control of your wealth.
- Convenience of increasing policy term or premium payment term helps to continue enjoying policy benefits for longer term.
- Enhance your protection by opting for riders that cover Accidental Death, Accidental Total and Permanent Disability.
- Avail tax benefits under Section 80C and Sec 10(10D) of the Income Tax Act of 1961.
- Experience ease of purchase as you buy the plan online in just a few clicks - anytime, anywhere.

"ULIPs work best for customers' long-term, life's dreams related goals. We are seeing significant growth in sales of ULIPs driven by higher digital adoption, simple product design and transparent charges. With the launch of our new product - 'Big Dreams Insurance Plan' we are aiming to take these benefits a notch higher by not only doing away with most charges associated with ULIPs but also providing extra allocation on premiums to customers. So, in a way we are rewarding customers for staying invested to meet their specific life's goals. We have also made the process very simple and fast for customers to purchase online.

At Future Generali India Life, we continue to stay committed to our brand ideology of offering simple yet differentiated products that caters to specific needs of our customers." said Munish Sharda, MD and CEO, Future Generali India Life Insurance Company Limited, on the occasion.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Jana Small Finance Bank launches Jana Bankable Debit Card

GoAir announces Kannur as its 24th domestic destination

InterGlobe Foundation initiates Heritage Restoration and Waste Management In Rajasthan

eMudhra becomes an Executive Member of the Cloud Signature Consortium

ECGC chairs meeting of CEOs of ECAs of Asia Pacific Regional Cooperation Group in Mumbai

Fincare SFB posts 99 percent AUM growth, Rs.42.3 crore profit in H1 FY 2019

Honda 2Wheelers India drives Skill India Mission in Tamil Nadu

Rane NSK Opens New Facility for EPS at Gujarat

GoAir reports highest OTP for second consecutive month!

ICAI signs MoU with CPA Canada

Square Capital Emerges as the Largest Integrated Mortgage Marketplace in India

Fresh impetus to the MSME sector - Acuité Ratings

GoAir's 13th Anniversary Offer: Up to 13 Lakh seats on sale at an all-inclusive price of Rs 1,313

India's plastics export jump 31.6% in H1 2018-19 to USD 4.59 bn

Homes worth Rs 1200 crore sold during Housing.com's Home Ustav 2018

Not just top 5 cities, now Tier III cities also contributing to retail participation in stock markets

Lighthouse invests 160 Crore in mattress company Duroflex

Kreditech licensed by Reserve Bank of India to operate as NBFC

Next Education partners with Capgemini as Edu-tech enabler

Co-origination lending: A potential solution to NBFCs' funding challenges

Honda 2Wheelers India expands its global footprint ahead of 2020

'All Weather Investing' - asset allocation with ETFs launched on smallcase.com

NPCI organises digital training workshops at 50 plus educational institutes on teacher's day

AVIVA launches Online Will Writing Service to Promote Financial Literacy

Chrysalis raises funding from Social Impact Investors Menterra and Artha

ICAI invites comments on Valuation Standards

Maharashtra New DP plan 2034 notification - Mr. Niranjan Hiranandani, President NAREDCO

Sterlite Power's OPGW facility receives 17025:2005 accreditation by NABL

Amazon.in adds 6 new fulfilment centers for Large Appliances and Furniture

Asset Management Firm Samvitti Capital launches new Alternative Investment Fund

ICAI committed to conclude the disciplinary process against those found involved in the PNB scam

Fintech startup BuyForexOnline looks to raise $2m for its next phase of growth

Wipro Consumer Care and Lighting forays into home automation space

Catholic Syrian Bank announces proposed investment by Fairfax India

KIFS Tade capital launches interactive Chatbot service #AskSubbu

Moneycontrol becomes India's first financial platform to launch a dedicated section on Cryptocurrency

DBS Group Chairman Peter Seah conferred Institute of Directors (IOD), India Distinguished Fellowship

Essar concludes sale of Aegis to Capital Square Partners for US $ 300 Million (Approximately Rs.2,000 crore)

ESAF Small Finance Bank kicks off operations in Mumbai

2.0 Audio Launch Sets Benchmark for International Film Events in Dubai

BSE and Ebix Sign MOU to Launch Joint Venture Company

Comments on on 'Pradhan Mantri Sahaj Bijli Har Ghar Yojana' - Power for All

SVC Bank launches hassle-free ASBA facility for IPOs

Flipkart's Big Billion Days To Kick In From September 20

Genpact Acquires Digital Customer Experience Consulting Firm TandemSeven

PAYBACK India Announces Appointment of new CEO

IndiaFirst Life acknowledged with Social Inclusion Award 2017 by Fintelekt

Apollo Munich Launches India's First Travel Insurance Chatbot - 'Travel Ninja'

On its run up to an IPO, ShopClues appoints Deepak Sharma as CFO

Cognizant Opens New Digital Business Collaboratory in London







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018