Future Generali Nivesh Preferred launched a single-premium plan
Future Generali Nivesh Preferred launched a single-premium plan with options for customers to strike a balance between their insurance and investment needs. There are two options for life cover ranging between 1.25 and 5 times the single premium.
The plan has four term options of 7, 10, 15 and 20 years with the minimum single premium at Rs40,000 and the maximum single premium at Rs4,00,000.
The loyalty addition at the end of the fifth policy year is 0%, 3%, 5% or 7% for different premium slabs.
The premium allocation charge is 2% of the single premium paid, while the policy administration charge is 1.75% of the single premium for the first five years, inflating at 5%per annum and nil thereafter. This is in line with other single-premium products. It’s one more single premium ULIP in the market.
Entry Age: Minimum 7 years, maximum 68 years.
Age at maturity: Minimum 18 years, maximum 75 years.
Premium payment frequency: Single premium only.
Policy term: 7 years, 10 years, 15 years, 20 years.
Sum assured: Options for between 1.25 and 5 times of single premium.