B005808316

Future Generali India Life Insurance Co. Ltd.

Date of Illustration : 20/02/2024 Proposal No. :

Personal D etails Your Plan D etails

N ame of the Shashikant singh N ame of the Product Future G enerali A ssured Educa on Plan
Prospect/Policyholder
Tag L ine I ndividual, N on-L inked, N on-Par cipa ng,
A ge 32 Savings, L ife I nsurance Plan
N ame of the L ife A ssured Shashikant singh U nique I den fica on N o 133N 057V 02
A ge 32 G ST R ate 4.5% in the first policy year
2.25% in the second policy year and onwards
Policy Term 16
Premium Payment Term 16
A mount of I nstalment 1,50,000
Premium(R s.)
M ode of payment of Yearly
Premium
A nnualized Premium(R s.) 1,50,000
Staff Category N one
G ender M ale
N ame of Child Shararvani singh
A ge of Child(I n Years) 1

This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.

Policy De tails
Sum Assured Rs. 40,04,271
Policy Option B Sum Assured on Death ( at inception of the
40,04,271
policy) Rs.

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Pre mium Summary

Base Plan Riders Total Instalment Premium
Instalment Premium without GST 1,50,000 - 1,50,000
Instalment Premium with First Year GST 1,56,750 - 1,56,750
Instalment Premium with GST 2nd year Onwards 1,53,375 - 1,53,375

( Am ount in Rupees )
Non G uaranteed ( end of
G uaranteed ( end of y ear)
y ear)
Policy Year Annualiz ed Prem ium
Surv iv al Benefi ts / Loy alty Min G uaranteed Surrender
Other Benefi ts if any Maturity benefi t D eath Benefi t Special Surrender Value
Addi ons v alue
1 1,50,000 0 0 0 1,12,11,959 0 0
2 1,50,000 0 0 0 1,10,11,745 90,000 1,20,128
3 1,50,000 0 0 0 1,08,11,532 1,57,500 1,95,208
4 1,50,000 0 0 0 1,06,11,318 3,00,000 2,80,299
5 1,50,000 0 0 0 1,04,11,105 3,75,000 3,75,400
6 1,50,000 0 0 0 1,02,10,891 4,50,000 4,95,529
7 1,50,000 0 0 0 1,00,10,678 5,25,000 6,30,673
8 1,50,000 0 0 0 98,10,464 6,60,000 7,80,833
9 1,50,000 0 0 0 96,10,250 7,42,500 9,46,009
10 1,50,000 0 0 0 94,10,037 9,00,000 11,51,228
11 1,50,000 0 0 0 92,09,823 9,90,000 13,76,468
12 1,50,000 0 0 0 90,09,610 11,70,000 16,21,730
13 1,50,000 0 0 0 88,09,396 13,65,000 19,19,547
14 1,50,000 0 0 0 86,09,183 14,70,000 22,42,392
15 1,50,000 0 0 0 84,08,969 20,25,000 25,90,263
16 1,50,000 0 0 4,00,427 82,08,756 21,60,000 30,03,203
17 0 0 0 4,00,427 0 0 0
18 0 0 0 4,00,427 0 0 0
19 0 0 0 28,02,990 0 0 0

M aturity Option: On the basis of M aturity Option se le cte d by you, M aturity payout will be done in the following manne r. The maturity option cannot be change d during the
policy te rm or payout pe riod.

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End Of Year Option B

16 10% of Sum Assured
17 10% of Sum Assured
18 10% of Sum Assured
19 70% of Sum Assured

Payout on De ath :
In case of death of the Life Assured during the Policy Term, a total of:
a) Death Sum Assured shall be paid to the Nominee plus,
b) An additional 5% of the Sum Assured shall be paid immediately and on every death anniversary of the Life assured till the end of the Policy Term subject to minimum of one payment, plus
c) Maturity Sum Assured shall be paid as mentioned above.

No future premiums are payable in case of death of the life assured during the policy term.
For Example if death happens in policy year 1, lumpsum equal to Rs.40,04,271 will be payable immediately.
An additional amount of Rs.2,00,214 shall be paid immediately and on every death anniversary of the Life assured in policy years 1 to 16, i.e. a total of Rs.32,03,417 in 16 instalments.
Further, the maturity sum assured of Rs.40,04,271 will be paid in instalments of Rs.4,00,427; Rs.4,00,427; Rs.4,00,427 and Rs.28,02,990 at the end of the years 16, 17, 18, 19
respectively.
In case of death after the Policy Term, maturity sum assured as mentioned above shall be paid to nominee as and when due.
Nominee can opt for receiving lump sum payment at the time of claim intimation. The amount paid will be a present value of all remainder payouts discounted at 6.5% p.a. compounded
annually.
Note s: Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and Goods and Service Tax.

DECLARATION BY THE M ARKETING OFFICIAL: DECLARATION BY THE PROPOSER:

I,___________________________ (name), have explained the premiums, and benefits I,___________________________ (name), having received the information with respect
under the product fully to the prospect/policyholder. to the above, have understood the above statement before entering into the contract.

Place:
D ate: Signature of Agent/Intermediary/O fficial D ate: Signature of Prospect/Policyholder

FUTURE GENERALI INDIA LIFE INSURANCE COMPANY LIMITED • Registered, Corporate Office & Operations Hub address: Future Generali India Life Insurance Co. Ltd, Unit 801 and 802, 8th
floor, Tower C, Embassy 247 Park, L.B.S. Marg, Vikhroli (W), Mumbai – 400083. Tel.: 91-22-4097 6666 Fax: 91-22-4097 6600 Call us at: 1800 102 2355 • email: care@futuregenerali.in •
Website: life.futuregenerali.in • IRDAI Registration No: 133 • CIN: U66010MH2006PLC165288