SUMMER INTERNSHIP PROJECT REPORT

ON

CONSUMER PERCEPTION TOWARDS FUTURE GENERALI LIFE

INSURANCE COMPANY LTD

Submitted for partial fulfilment of requirement for the award of degree of

Master of Business Administration

DEV BHOOMI UTTARAKHAND UNIVERSITY

DEHRADUN(UTTARAKHAND)

SESSION 2022-24

Under the Guidance of: Submitted By:

MS SWATI UNIYAL Varun Dutt Arya

MBA 2ND Year

22MBA0144
 DECLARATION BY THE STUDENT

Date – 08-Sep-2023

This is to certify that the present Summer internship Report entitled

“CONSUMER PERCEPTION TOWARDS FUTURE GENERALI
LIFE INSURANCE COMPANY LTD” is my original work. This
Summer Internship Report Fulfils the requirement of the MBA degree of
this university. This report neither full nor in part has ever been
submitted for award of any other degree of either this university or any
other university.

Varun Dutt Arya

MBA 2ND year

22MBA0144
 Certificate by Faculty / Supervisor

I have the pleasure in certifying that Varun Dutt Arya is a student of

Dev Bhoomi Uttarakhand University.

He has completed her project work Title as “CONSUMER

PERCEPTION TOWARDS FUTURE GENERALI LIFE
INSURANCE COMPANY LTD”.

I certify that this is his original effort & has not been copied
from any other source. This project has also not been
submitted in any other University for the purpose of award of
any Degree.

This project fulfils the requirement of the curriculum

prescribed by DBUU University, Dehradun, for the said
course.

I recommend this project work for evaluation &

consideration for the award of Degree to the student.

Signature:
Name of the Guide: Dr. Swati Uniyal
 ACKNOWLEDGEMENT

I would like to express my deepest appreciation to all those who

provided me the possibility to complete this report. I have taken
efforts in this project.
However, it would not have been possible without the kind support
and help of many individuals and the organization. A special gratitude
I give to our project and training Mr. Rajeev Kumar and My college
mentor Dr. Swati Uniyal whose contribute in stimulating suggestions
and encouragement, helped me to coordinate my project specially in
writing this report.

Furthermore, I would also like to acknowledge with much

appreciation the crucial role of the staff, who gave the permission to
use all required equipment and necessary materials throughout the
period. Last by not the least, my thank goes to Training Manager Mr.
Rajeev Kumar who have invested his full effort in guiding the team
in achieving the goal. I have to appreciate the guidance given by the
other supervisor as well as the panels especially in our project
presentation that has improved our marketing and sales skills thanks
to their comment advices.
 Index
1. INTRODUCTION
2. FIRM PROFILE
3. PRODUCT DISCUSSION
4. WORK AND ANALYSIS
5. CONCLUSION

INTRODUCTION
The Security Act of 1938, the Extra Security Affiliation Act of 1956, the General
Confirmation Business (Nationalization) Act of 1972, the Security Legitimate and
Advance Power (IRDA) Act of 1999, and other related Acts all addressed the
Affirmation district in India. With such a massive social event and this population's
covered market area, security is an incredibly large doorway in India. The company
continues to make between 15 and 20 percent per year today. In close proximity to
financial ties, it boosts the country's GDP by about 7%. Despite this enhancement, the
nation's security is rated very poorly overall. In every real sense, 80% of Indian social
classes lack clinical and life thought insurance. This indicates that India has enormous
improvement potential for the security sector. The criteria were provided in the
security area as a result of this enormous development, and in addition, the public
master established the "Malhotra Board" in 1993 to examine the many aspects of the
business. Understanding of the relationship between international affirmation and
26% capital became the core of the transformation cycle. The main idea behind this
reform was to obtain a more knowledgeable and dynamic cash-related structure
appropriate for the demands of the economy.

From that point on, the security industry has undergone numerous changes. The
competition, LIC, started to perceive these associations as posing a threat to the
company's existence. Since the beginning of the industry, the certification business
has never been monitored and today stands as one of the most powerful and
scrutinized sectors in India. The involvement of organized players and the prolonged
usage of the new dissipating are currently the topics of discussion. The level of the
business's extended length has increased with the employment of new game-plan
techniques and IT devices.

Security is a type of risk that is mostly employed to help against the chance of an
unforeseen, severe trouble in rule and money-related concerns. Security is portrayed
as a put down of an acceptable compromise for piece, as a fair exchange of the bet of
a trouble, starting with one material then onto the going with. A guaranteed, also
known as a policyholder, is the person or entity that purchases the security contract;
an arrangement B is an organization that sells the insurance. The security rate is a
factor used to determine how much each person will pay for a particular level of

protection, or the component. Pioneers in the subject of risk management established

it as a distinct area for research and application.
The exchange hardens the protected in anticipation of a guaranteed and implied
typically minor problem as a component of the financier as a down payment on some
a suitable compromise for the emergency blueprint's insistence to modify (reimburse)
the protected due to a financial (individual) episode. The insurance contract, which
details the ongoing terms under which the insured will be financially assessed,
provides the guaranteed with an outline.

Rules

To cover potential problems, security combines resources from multiple guarded

substances (also known as openings). In this way, the sections that are protected are
risk-free for a fee; however, the fee is dependent on how accurately the event
happened and how much it cost. The wager protected against must meet specific
requirements in order to qualify as an insurable gamble. Security is a commercial
endeavor and a large component of the financial services sector, but individual
components should likewise self-protect by saving money wherever possible for
potential future losses[1].

[] Suspensionability

Article crucial: Insurability

There are seven constant elements of risk that restricting affiliations can protect
against:[2]

1.Numerous essentially identical responsiveness units: Since insurance manages the

pooling of resources, a sizable portion of prosperity contracts are required of
unquestionable individuals from enormous classes, allowing guarantors to profit from
the law of epic numbers in which anticipated setbacks appear to be the guaranteed
inconveniences. Remarkable instances join Lloyd's of London, which is known for
keeping an eye on the health or strength of artists, athletes, and other exceptional
people. However, every opening will have clear differences that could affect the
premium rates.

2.The calamity occurs at a known time, in a known location, and from a known
explanation, therefore it presents a clear challenge. The amazing model defeats a
reliable person using a traditional presence thinking strategy. It's possible that fire,
automobile problems, and master injuries all fit this pattern. Different types of
disasters may essentially be clear-cut on a very large scale. For instance, word-related
pollution may include delayed responses to painful situations where no specific
moment, location, or cause is apparent. In a perfect world, the time, place, and support
for a disaster should be obvious enough that a sane person with sufficient knowledge
may genuinely consider utilizing any and all techniques described in the three
categories.

3.Accidental occurrence: The event that starts a case should be erratic or maybe
beyond the recipient of the security's control. The challenge must be genuine, coming
from a situation where there is the best opportunity to save money. Events with
speculative components, like typical commercial wagers or, in any event, purchasing
a lottery ticket, are typically not regarded as insurable.

4.Large difficulty: From the perspective of the got, the size of the tragedy should be
fundamental. The usual cost of problems, in addition to the cost of granting and
managing the contract, creating setbacks, and providing the capital anticipated to
rationally ensure that the plan B will actually have to pay claims, all need to be
directed by insurance costs. For minor incidents, these unforeseen costs may be on
different occasions with costs comparable to those of catastrophes on average. Paying
such charges is essentially pointless unless the security given has a certain value to a
buyer.

5.It is not guaranteed that the protection will be purchased, whether it is offered or
not, if the probability of a reliable event is so great or the cost of the event is so
enormous that the ensuing shortfall is enormous compared to the amount of security
provided. Additionally, as the bookkeeping calling formally recognizes in monetary
bookkeeping standards, the premium cannot be so high that there is unquestionably no
reasonable possibility of a significant challenge to the security net supplier. The
exchange may have some level of safety, but not the material, thus there is no chance
of an accident. (Refer to US Cash Related Bookkeeping Principles Board Standard
Number 113)
 6.Calculable difficulty: The master cost and the likelihood of episode should both
be essentially flawless, although not being formally quantifiable. Cost has more to do
with the restriction that a reasonable person must have a copy of the insurance
contract and a proof of occasion related with a case permitted under that contract in
order to make a sensibly seen and objective assessment of how much the incident is
recoverable because of the case. Disaster probability is typically a careful new
development.

7.Limited bet on terrible, catastrophic failures: Insurable problems are ideally non-
obliterating and free, meaning that individual occurrences aren't enough to bring
down the loan provider. Alternative courses of action could profit from the crucial
chance to limit their responsiveness to an episode from a specific event to a small
portion of their capital base. Security net suppliers are able to sell tremor security and
wind attestation in storm zones thanks to capital. The public sector in the United
States guarantees the risk of flooding. It is possible to locate individual properties in
company fire certification whose all things considered declared respect is well in
excess of a particular bank's capital principal. Such properties are typically divided
between a few loan providers or are protected by a single security net provider who
participates in the reinsurance market.

[] Valid

There are manager actual requirements when an association assures a specific

substance. Several approved standards of protection are consistently cited, including:
[3]

1.Indemnity: Up to the amount of the strong's compensation, the insurance company

reimburses or audits the protected by goals of unambiguous accidents.

2.Interest that is insurable - the assured always should unquestionably feel the impacts
of the catastrophe. Whether property authentication or personal security is involved,
there should be insurable interest. According to the theory, the guaranteed must have
a "stake" in the difficulties or damage to the protected person's life or possessions.
What that "stake" isn't fearlessly determined by the type of prosperity included and
the likelihood of owning property or forming a group of individuals.
3.The guaranteed and the security net supplier are constrained by an entirely fair
centers obligation of steadiness and expectation in the event of the absolute purest
doubts. Real, important factors must to be made known.

4.Contribution - Loan experts who, according to some methodologies, have

ambiguous obligations to the protected contribute to the reimbursement.

5.Subrogation: The security arrangement has legitimate opportunities to pursue

compensation in the event that the protected suffers a loss; for example, the guarantor
might bring legal action against individuals responsible.

6.Causa proxima, or general clarification: The wager should be covered by the

technique's defensive game plan, and the phenomenal clarification should not be
ignored.

Repayment []

Important Article: Compensation

To "repay" means to put back into place, or to be reestablished to the position that one
was in, to the extent possible, prior to the occurrence of a predetermined event or
probability. Extra security is generally not thought of as reimbursement protection,
but rather as "contingent" confirmation (i.e., a case arises on the occasion of a
predetermined occasion). Typically, there are two categories of insurance plans that
seek to refund a purchase:

1.a "repayment" framework,

2.a "pay for benefit" or "for reason of" structure[4].

On paper, the impact is enormous, but basically the substance is discontinuous.

If a guest to your home stumbles on a floor that you left wet and sues you for $10,000
and wins, your "repayment" plan won't pay claims until the guaranteed has paid
someone to some distance. In a "reimbursement" arrangement, the owner of the house
credit would be required to set aside the $10,000 to cover the cost of the visitor's fall
and would then be "repaid" by the security provider for the one-time charges (the
$10,000) a short while later. [4][5]

In a similar situation, a "pay for reason" method, the security provider would settle the
claim and the insured (the holder of the home credit in the example above) wouldn't
be held responsible for anything. The most recent commitment security is created
with the phrase "pay for reason" in mind.[4]

When risk is normalized by a "substitute strategy," the safeguarding party, through a

technique known as an insurance contract, a segment trying to shift risk (a person,
undertaking, or relationship of any kind, etc.) evolves into the "shielded" party. An
insurance policy typically consists of the following components: seeing confirmation
of sharing parties (the emergency system, the guaranteed, and the recipients), the
undeniable, the hour of thought, the specific loss occasion covered, how much
thought (i.e., the total amount to be paid to the recipient or got on the off chance that
there should be an accident), and excuses (events not covered). As a result, a
guaranteed is anticipated to be "repaid" in the process against the difficulty sought by
heavenly combat.

The cementing entitles the policyholder to offer an insurance from the security net
provider for the protected level of not in any way steadily settled by the technique
when dependable social events suffer a catastrophe for a predetermined wager. The
premium is the cost that the insured must pay to the provider of the accomplishment
net in order to continue with the wager. To support accounts held for later piece of
cases, on a big level for an anything considered a competitor, and for above charges,
security segments from various insureds are used. The surplus edge is to a bank's
advantage to the extent that an emergency strategy maintains awareness of adequate
assets set aside for anticipated failures (referred to as saves).

[] Effects

Demand, on the other hand, can have a negative impact on society by altering who
pays for incidents and injury. It could increase pressure at any time, but it can also
help social orders and individuals prepare for disasters and allow the effects of those
disasters to be released on both families and social orders at any time.
By making moral bets, putting security under pressure, and taking preventative strolls
throughout the assurance association, confirmation can reduce the chance of
problems. Growing internet providers make an effort to address lack of regard
through examinations, contract frameworks requiring unambiguous types of help, and
expected limits for need backing off attempts. Insurance experts frequently use soul
risk to suggest the long episode because of alarming negligence and moral bet to infer
extended risk pondering intentional discourteousness or indifference[6]. On a
fundamental level, emergency plans could help keep costs down in times of
misfortune, but some observers have argued that despite this, thriving internet
providers have not always fervently pursued need control measures, particularly to
thwart disaster challenges like typhoons, due to concerns about rate decreases and
legal battles. However, beginning in 1996, bankers began to provide better assistance
in trying times, such as through building codes. [7]

System of security-net providers securing stable spaces for and the trailblazers

The plan is to earn more in premiums and speculative fees than is paid out in
disasters, and to present a crude cost that buyers will perceive in line with that.
Benefit can be reduced to a justifiable condition as follows: Benefit = received
premium + hypothesis pay - generated issues - securing costs.

Banks receive funds in two ways:

1.By ensuring, the process by which providers of security networks decide which
risks to protect and how much to charge for reducing those risks;

2.By balancing the fees they collect from protected parties in a financial manner.

The actuarial evaluation of ratemaking (cost setting) of contracts, which utilizes

encounters and likelihood to study the speed of future cases considering a particular
bet, is the most perplexing aspect of the insurance industry. The alternative
methodology will use vigilance to cancel or uncover wagers through the guaranteeing
structure after establishing rates.

At the highest level, quickly ratemaking involves looking at the replication and reality
of protected risks and the average payout occurring taking these risks into
consideration. Starting from that point on, a security office will gather unambiguous
loss data, provide event data to introduce value, and separate apart these previous
disasters from the surprising collected to describe rate adequacy.[8] Fiasco degrees
All

and cost loads are also used. Rating for different bet characteristics is organized at the
most fundamental level, excluding catastrophes and "episode relativities"; as a result,
a strategy with twice the amount of cash plans would be charged twice as much as a
well-thought-out strategy. When several attributes are included and a univariate
analysis could produce startling results, more impressive multivariate assessments
using summed straight appearance are eventually used. When focusing on the
likelihood of upcoming issues, other certified processes may be used.

The emergency strategy's overall advantage on that game-plan depends on how much
premium was collected and the project gains as a result, less the total amount paid out
in claims. The supportive implementation of A plan B is assessed according to its
predetermined ratio[9], which measures the proportion of catastrophes and costs to
actual costs. Anything over 100 indicates a supportive catastrophe, while a combined
degree of less than 100% demonstrates guaranteed effectiveness. However, a
relationship with a combined degree of excess of 100% may continue to be important
for the sake of speculation.

benefits from experience on "float" for the security office. The amount of cash that an
arrangement B has accumulated in security distributions but hasn't yet paid out in
claims is known as float, also known as an open save. Successful internet providers
begin cash-related organizing claim pieces as soon as they are acquired and continue
to get pay or other compensation on them until claims are settled. With 400 security
connections and 94% of UK attestation affiliations, the Association of English
Achievement Net Providers holds roughly 20% of the interests in the London Stock
Exchange[10].

In the five years ending in 2003, the US guaranteeing loss of property and problems
security alliance was worth $142.3 billion. Despite this, the overall benefit from float
for the relevant period was $68.4 billion. Hank Greenberg stands out among security
business experts who don't believe it is everlastingly possible to assist a benefit from
float without a guaranteeing with profiting as well. However, this opinion isn't
generally shared.

The float system is genuinely attempting to perform in a format period. Bear thrusts
actually cause investors to steer clear of risks and support their guaranteeing ideas,
thus a startling economy often suggests high security items. The guaranteeing, or
security, cycle is a dependable name for this tendency to alternate between
extraordinarily successful and fruitless times over time. [11]

(] Arguments

Cases and episode supervision is the newly developed safety benefit; it is the
promised "thing" purchased. Insureds may clearly document cases using a different
course of action, subject matter experts, or knowledgeable, skilled individuals. The
guarantor may anticipate that the case will be listed on its own restrictive plans or
may see claims listed on a typical industry structure, such as those communicated by
ACORD.

A staff of records, the board, and information piece delegates keep track of a goliath
number of cases experts used by security connection claims divisions. Cases that are
moving forward are instructed to look at this reality and are given to experts whose
judgment and experience differ from the settlement authority. The expert gives an
evaluation of each case, typically working closely with the insured, determines
whether acceptance is permitted by the terms of the insurance policy, and if so,
determines the case's reasonable monetary value as well as the supporting material.

The insured had the option of selecting a private attorney to negotiate a favorable
settlement with the security office. The insured may purchase an additional insurance
contract add-on called episode recovery security, which controls the cost of a public
expert by the merits of a case, for complicated procedures where cases may become
entangled.
A different party, the disturbed party, who is not legally obligated to assist the
emergency with the streaming of action and who may genuinely believe the guarantor
to be a great pocket, makes changing bet security claims particularly troubling. The
expert should obtain certified representation for the protected (either internal "house"
counsel or outside "load up" counsel), prevent an arrest that might require an
incredibly large amount of speculation to complete, and appear in person or by phone

with the settlement authority at an anticipated settlement meeting when suggested by

the arbitrator.

The state of ordinary may wind up being possibly the most important factor to
maintain the insurance connection's transparency if an instances expert discovers
under-security.

Contingency plans try to alter buyer stability, actual coordination expenses, and
claims useless charge spillages when dealing with situations regulating limit. Due to
this unsettling turn of events, shady security drills provide a significant business risk
that needs to be addressed and mitigated. Conflicting requests over the validity of
cases or claims regulating procedures arise between thriving internet providers and
insureds (see security intriguing nature).

[] Appearing

Successful internet service companies frequently employ security experts to integrate

or protect their clients continuously. A specialist may be a detainee, indicating that
they only work for one affiliation, or they may be free, meaning that they can accept
pulls from other affiliations. Insurance premiums are significantly influenced by
commissions paid to experts, and emergency plans like State Home that sell contracts
directly through advertising campaigns can provide reduced premiums. Due to better
and altered service, it makes sense that affiliations utilizing security organized subject
matter specialists are present and growing (with further absurd costs).[12]

[] A prosperous past

Historical development of affirmation

In a certain sense, the existence of human culture and security are complementary. In
human social orders, there are typically two types of economies: traditional or non-
cash related economies, which use systems and exchange without a concentrated or
standardized set of cash related instruments, and more modern money related
economies, which use business locations, cash, monetary instruments, etc. In such
economies, the past is more primitive, and the declaration joins graphs of the normal
accomplice. If a family's home is destroyed, the neighbors are called upon to assist in
the rebuilding. One more ruthless form of safety to guard against starvations was

housed in additional rooms. This type of certification has been increasingly popular in
those nations where the modern cash economy with its currency-related instruments
isn't widespread. It is frequently regarded as respectable or even a brand name for
local wild activities.

Regarding security in the modern sense (i.e., certification in a best in class cash
economy, in which affirmation is crucial for the cash related circle), early structures
for moving or conveying risk were utilized by Chinese and Babylonian merchants as
an undeniably postponed time frame in the past as the third and second different years
BC, respectively.[13] Chinese specialists traveling through deceptive stream rapids
would reorganize their belongings across different vessels to avoid being swept away.
The astonishing Code of Hammurabi, written by the Babylonians in c., preserved a
system that they had established. 1750 BC, and was practiced by early Merranean
merchants who were at sea. If a businessman hired a reliable representative to assist
with his cargo, he would pay the bank an additional fee to secure the moneylender's
guarantee to forgo interest should something go wrong with the consignment while it
was in transit.

Old Persian Achaemenian kings hastened to protect their families and formalized the
arrangement by choosing the assuring structure in administrative public expert
offices. Every year during Norouz, which marks the beginning of the Iranian New
Year, security measures were taken; leaders of various ethnic groups near one another
planned to give the ruler amicable gifts. A startling breaking point exposed the
essential talent. The issue was specifically sought after when a present was more
expensive than 10,000 Derrik (Achaemenian gold coin). People who introduced such
intriguing presents found this to be worthwhile. The court's associates considered the
presents for others in a reasonable manner. The evaluation was then sought after,
along with unusual work spaces.

In the event that the person presenting the gift chosen by the court encountered a
challenging circumstance, the ruler and the court would aid him. When the owner of
the present is likely making some extreme memories or requirements to stimulate a
game plan, set up a limit, have his children wed, and so on, the one at risk for this in
the court would genuinely check the selection out. If the selected full scale beat
10,000 Derrik, the individual would earn a college education that was worth twice as
much.

When in doubt after 1,000 years, Rhodes' inhabitants coordinated the possibility of
the. In order to slow the boat down and keep it from facing major difficulties, traders
whose goods were being sent together would pay a really hefty premium. This
premium would be used to reimburse any vendor whose goods were purposefully
turned over.

A few protecting items are directed by The Dissemination. Before security was
diffused out in the late seventeenth century, there were "particularly organized social
orders" in Britain where people contributed amounts of money to a general fund that
might be used in emergencies.

In Genoa throughout the fourteenth century, separate insurance policies (i.e., security
measures not bundled with drives or other types of policies) were coordinated, along
with confirmation pools maintained by commitments of landed residences. These new
insurance plans allowed for the true disengagement of security, which at first
appeared to be essential to maritime security. In post-Renaissance Europe, security
became unquestionably more sophisticated, and express plans were created.
One of the most prominent and well-known security markets in the world is Lloyd's
of London, which was founded in 1991.

By the early distinctive long periods of the seventeenth century, London had
experienced a few different types of prosperity. For instance, two "approaches of
affirmation" prepared with the diocesan Chancellor of London, Arthur Duck, are
chosen by the English homesteader Robert Hayman. One connection to each £100 is
focused on the safekeeping of Hayman's boat in Guyana, while the other is about the
"£100 guaranteed by the said Master Arthur Ducke on my life." On November 17,
1628, Hayman's will was examined and corrected, but it wasn't made public until
1633.[15] The growing importance of London as a trade hub throughout the
seventeenth century increased attention in maritime security, which was close to the
farthest outermost compasses of that time period. In the latter half of the 1680s,
Edward Lloyd created a cafe that quickly gained the respect of boat owners, vendors,
and managers and served as a reliable source of the most recent development news. It
evolved into a gathering place for parties seeking to protect cargoes and vessels, as
well as those arranged to support such efforts. Today, Lloyd's of London continues to
be the primary market (notice that it is a protection market rather than a relationship)
for maritime and other specialized types of prosperity, but it excels particularly over
the more definite types of demand. Security, everything that could be traced back to
the London Uncommon Fire, which destroyed more than 13,000 homes in 1666. The
devastating effects of the fire shifted over time as prosperity increased "from a
comfort issue into one of hysteria, a capacity in assessment reflected in Sir
Christopher Wren's pondered a site for 'the Confirmation Office' in his new blueprint
for London in 1667."However, in 1681 Nicholas Barbon and eleven additional
individuals established Britain's most important fire security link, the "Certificate
Office for Houses," behind the Exceptional Trade. [16] Other tried fire affirmation
schemes failed miserably. Barbon's Security Office continuously guarded 5,000
residences.[17]

In Charles Town (top level Charleston), South Carolina, in 1732, the first assertion
office in the US was established that provided fire security. The display of safety,
particularly against fire as a constant safeguard, was pushed and made common by
Benjamin Franklin. The Philadelphia Contributionship for the Security of Houses
from Trouble by Fire was launched by him in 1752. In actuality, Franklin's union
raced to concentrate on liabilities toward fire balance. Except for the fact that his
organization warned against unambiguous fire risks, it wouldn't support specific plans
where the risk of fire was absurdly high, such as every single wooden house. In the
US, control over the security industry is utterly decentralized, with local state
affirmation divisions overseeing the central commitment. State security chiefs work
exclusively, but occasionally they will make an appearance through a public
confirmation judges' association, despite the fact that security markets have grown
completely united and global. Recently, some have demanded a dual state and
government administrative framework for security, bearing in mind state banks and
public banks (reliable offered as the Discretionary administrative getting a handle on
(OFC)).
 FIRM PROFILE

Future Generali India Life Insurance Company Limited (FGILI) is a joint venture
between two leading groups: Generali Group- A global insurance group that features
among the top 50 largest companies in the world and Future Group A leading retailer
in India.

Future Generali India Life Insurance endeavours to provide its customers with an
array of life insurance solutions designed to help them manage and meet their
financial needs. The range of options offered includes plans that protect the family
financially, guard the savings, offer different investment options, secure child’s
education, health cover, retirement planning, etc. The company’s product portfolio is
also loaded with industry-leading products and serves all segments of the customers
across their life stages.
About Future Group
The Future Group has pioneered the growth story of the Indian retail industry. Established 25
years ago, it operates some of India's most popular retail chains like:

In addition to allied businesses in Life and General Insurance, the Group has presence in logistics
infrastructure, supply chain and brand development domains.

The Future Group's core value is 'Indianness'. Indian ideas, Indian insights, and trends of Indian
consumer expectations form the cornerstones of the Group's businesses.

The Group aims to build novel delivery formats and profitable retail realty. Affordability for all
segments and quality-consciousness are its mainstays. With this foundation, the Group works
towards bringing about a transformation in the Indian business sectors.

About Generali Group

Generali is an independent, Italian Group, with a strong international presence. Established in
1831, it is among the world’s leading insurers and it is present in over 60 countries with total
premium income exceeding €70 billion in 2016. With over 74,000 employees in the world, and 55
million clients, the Group has a leading position in Western Europe and an increasingly significant
presence in the markets of Central and Eastern Europe and in Asia. In 2017 Generali Group was
included among the most sustainable companies in the world by the Corporate Knights ranking.

Life insurance is an irreplaceable part of a sound financial plan. It helps in securing

your family's financial future in case of an unfortunate event like your untimely death.
It also provides you with a financial backup in case of an accident or any other event
which may cause temporary or permanent disability and therefore loss of income.

Life insurance also helps as an investment tool. It builds your wealth in a planned
manner to meet your financial goals and future expenses such as buying a new house,
marriage, child's education or retirement. Future Generali India Life Insurance
Company Limited offers a variety of simple-to-understand life insurance plans. These
plans will help meet your various life needs such as protection, savings, investments,
child's education, health etc.

Similar companies provide life insurance are

Allianz Bajaj Disaster security Co. Ltd. AMP Sanmar Solicitation Co. Ltd. Birla Sun
Disaster security Co. Ltd. Dabur CGU Disaster security Association Pvt. Ltd. HDFC
Standard Calamity security Co. Ltd. ICICI Prudential Life joining Co. Ltd. ING
Vysya Life joining Co. Pvt. Ltd.

Om Kotak Mahindra Life joining Co. Ltd. Max New York Life joining Co. Ltd.
Metlife India Security Co. Pvt. Ltd. SBI Life joining Co. Ltd. Goodbye AIG Life
joining Co. Ltd.

Non-life insurers:

Public Security Co. Ltd., New India Solicitation Co. Ltd., Oriental Affirmation Co.
Ltd., Dependence General Affirmation Co. Ltd., Grandiloquent Sundaram
Association Security Co. Ltd., ICICI Lombard General Affirmation Co. Ltd., IFFCO
Tokyo General Security Co. Ltd., Joined India Security Co. Ltd., goodbye to AIG
Life Intertwine Co. Ltd.
Future Generali provides a variety of simple-to-understand life solidification
structures. These programs will assist you in addressing your various needs, such as
certification, hold saves, speculations, youth instruction, flourishing, and so forth.

A term affirmation is the most significant category of life notion. The term "pure bet cover"
describes it. The dynamic graphic compensates the newcomer to the life insurance scene by
detecting the loss of the life guaranteed. Some term insurance contracts allow the life
assured to decide how the reward should be distributed to the rival. A few of the various
compensating out techniques are as follows:

• Acquire a specific amount

• Be paid as usual for the indicated time period.

• Obtain a mix of express total and regular pay.

The benefits of a term security plan include the following:

• Offers a ton of additional coverage with no actual expense.

• Financial security for friends and family by giving the applicant a guaranteed complete
payout due to death's inevitability.
• The choice of riders to encourage additional reflection.

• Variability in technique term selection

• Ability to select the most advantageous piece term

• Modalities for flexible premium parts, including monthly, quarterly, half-yearly, and
annual. Selecting a single premium is an option for some term insurance policies.

• Gives residents the option to ensure fee reductions in accordance with plans outlined in
Sections 10(10D) of the Lone Expense Act and Region 80C, as conflicting amendments,
respectively.

inclined to follow the plan

Combining defense and hold saves causes an incline in the strategy's path. It offers three
advantages to the presence guaranteed under a single agreement: basic length save holds,
disaster security, and cost savings. This technique gives the insured peace of mind and
assists the policyholder in creating a solid strategy for their financial future. As long as the
costs are paid for by the plan, standard gift plans guarantee a base value as of the
settlement date. It is one of the most seductive ways to save money for all of your future
monetary requirements.

Let's look at a few basic advantages of purchasing an ongoing plan:

• Programs that supply a baseline demand and are generally secure

• The up-and-comer receives the trustworthy complete (Complete assured) as a result of the
honorable annihilation of the presence ensured.

• It is an objective-based experience fund that helps individuals accumulate capital to fund

significant life goals.

• The possibility of helping more riders join through at a big additional expense.

• Gives tenants the option to guarantee fee reductions using the procedures described in
Section 10(10D) of the Annual Obligation Act and Region 80C. The charge rules will
presumably be altered.

It provides the choice of receiving a credit against the methodology in the event of a
financial emergency.
Cashback Initiatives

As the name implies, a particular amount or percentage of the total guaranteed is offered as
cash back to the life assured at pre-selected expansions under this form of life intertwine
plan. The assurance benefit is another name for this reimbursement benefit.

If the watched passes away within the method period, the approach will be finished and a
final advantage will be given to the newcomer to the neighborhood without any assurance
that prior consistency support has actually been compensated.

Among the benefits of a cash back operation are the following:

• Different security organizations also offer assured decisions on clear cash back plans, so it's
a good idea for people to be aware that some liquidity should be added to their hypothesis
resources. • The security alliance, if any, has coordinated a sizable percentage of these
preparations for pay.

• Cash back programs; composed corpus for cash-related circumstances choose in-aggregate
life insurance.

Charge reductions may benefit from some standard obligation standards involvement. More
security is certainly more expensive, but riders can pick it.

Plans to verify every disaster

A thorough catastrophe protection plan sets a consistent timetable merge for the duration
of the lives that are safeguarded. To facilitate associations, security offices may offer an
improved age of 80, 85, or even 100 years. Not insignificantly, a term plan is comparable in
that, in the event that the typical timetable assured experiences this, the improvement
benefit is paid as it is earned.

The advantages of whole life insurance include the following:

• A person's complete life plan can make a significant contribution to their collection of
historical items. • Discretionary riders, when allowed, can provide an extra measure of
security. • Grants tenants the right to guarantee charge reductions in accordance with the
schemes shown in Locale 80C and Piece 10(10D) of the Annual Obligation Act. How fee laws
are implemented will depend on future developments.
 PRODUCT DISCUSSION

 FUTURE GENERALI NEW ASSURED WEALTH

PLAN
 FUTURE GENERALI ASSURED MONEY BACK
 FUTURE GENEARLI NEW ASSURED PLUS
  FUTURE GENERALI BIG INCOME MULTIPLIER
 FUTURE GENERALI LIFETIME PARTNER PLAN

FUTURE GENERALI NEW ASSURED WEALTH PLAN

An Individual, Non-Linked, Non-Participating, Savings, Life Insurance Plan.

Growth and Security now go hand-in-hand.

Financial wellness is all about how well you manage your money. With the right
planning, financial milestones like your child’s education, owning a house and even
retiring early, could be well within your reach. All you need is a plan that offers you
both - Security of life insurance as well as Growth of your hard-earned savings.

Presenting the Future Generali New Assured Wealth Plan, a Life Insurance Plan that
gives you financial security in form of lumpsum death benefit and a guaranteed lump
sum amount at the end of your policy term. It also gives you Guaranteed Additions
every year from 8th year, calculated at a simple percent rate of the Sum Assured. So
that you don’t have to worry about the rising cost of living.
Why go for the Future Generali New Assured Wealth Plan?

1. Choose from 2 product options The plan provides 2 flexible options to

ensure that you have an ideal cover which is best suited to your savings
goals. The option has to be chosen at inception and cannot be changed
during the term of the policy.
2. Guaranteed Additions and Increasing Death Benefit Enjoy the added
benefit of Guaranteed Additions which get accumulated, from eighth
policy year till the end of the policy term, at a simple rate as a percentage
of the Sum Assured under both the options, subject to payment of all due
premiums. The Death Benefit increases with the accrual of the Guaranteed
Additions under Option 1.
3. Choose your Policy Term and Premium Payment Term Get the
flexibility to select your Policy Term and Premium Payment Term as per
the available options and depending on your needs and fulfill your savings
goals.
4. You can buy this plan up to the age of 60 years under Option 1
5. Tax benefits You may be eligible for tax benefits on the premium(s) you
pay and benefit proceeds, according to the provisions of Income Tax laws.
These benefits are subject to change as per the current tax laws. Pease
consult your tax advisor for more details
HOW CAN YOU BUY THE FUTURE GENERALI NEW ASSURED WEALTH PLAN?

4
Finally pay your premium amount and head towards a financially secure future.

Choose from the following two options that works the best for you.

 Option 1 Is a standard endowment plan. Policy ends at the completion of the

policy term or upon the death of the life assured with all benefits paid at the
event of death
 Option 2 In addition to death benefit payable on death, Policy continues even
after the death of the Life Assured till the end of Policy Term with no further
premiums to be paid and accrual of guaranteed additions till end of policy
term, which is paid along with the sum assured at original maturity date.

Now that you have chosen your option, decide on the following:

 The amount of Annualized Premium –

 The duration of cover or the Policy Term
 The duration of premium payment or the Premium Payment Term
Fill the proposal form (application form) and complete the documentation process.

Finally pay your premium amount and head towards a financially secure future.

Choose from the following two options that works the best for you.

 Option 1 Is a standard endowment plan. Policy ends at the completion of the

policy term or upon the death of the life assured with all benefits paid at the
event of death
 Option 2 In addition to death benefit payable on death, Policy continues even
after the death of the Life Assured till the end of Policy Term with no further
premiums to be paid and accrual of guaranteed additions till end of policy
term, which is paid along with the sum assured at original maturity date.
Life Insurance Plan Summary

Criterion
Parameter
Option 1 Option 2

Minimum 0 Years 18 Years

Entry Age
(As on last Birthday)
Maximum 60 Years 55 Years

Minimum 18 Years 30 Years

Maturity Age
(As on last Birthday)
Maximum 76 Years 71 Years
 Under all options

Policy Term 12/16/18/20 years

Policy Term Premium Payment Term

12 years 6 years, 8 years, 10 years

Premium Payment
Term(PPT) 16 years 6 years, 8 years, 10 years

18 years 10 years

20 years 10 years

Premium Payment Type Limited Pay

Minimum Rs. 90,000

Sum Assured
As per Board approved underwriting
Maximum
policy

Premium Payment
Yearly, Half Yearly, Quarterly and Monthly
Frequency

Premium amount Minimum  For entry age 0 year to 50 years–

o Rs. 1,325 for monthly
mode
o Rs. 3,975 for quarterly
mode
o Rs. 7,800 for half-yearly
mode
o Rs. 15,000 for annual mode
 For entry age greater than 50
years–
o Rs. 4,415 for monthly
mode
o Rs. 13,250 for quarterly
mode
 o Rs. 26,000 for half-yearly
mode
o Rs. 50,000 for annual mode

Maximum No Limit (as per Sum Assured)

Note: Premiums mentioned above are excluding taxes and any extra premium paid as
a part of underwriting requirements, if any.
Guaranteed Additions

Guaranteed Maturity Benefit

Death Benefit

 The plan offers simple Guaranteed Additions for each completed policy year,
starting from 8th Policy year till the end of the policy term, subject to payment
of all due premiums

Premium
Age at Policy Annualized Guaranteed
Option Payment
Entry Term Premium Addition Rate
Term

1 30 10 20 50,000 9.51%

1 40 10 20 50,000 9.20%

1 50 10 20 50,000 8.28%

2 30 10 20 50,000 8.97%

2 40 10 20 50,000 7.79%

2 50 10 20 50,000 6.10%

  Guaranteed Additions accrue as a percentage of Sum Assured

 The Guaranteed Additions accrue at the end of the policy year
 The Guaranteed Addition rates are based on the age at entry of the Life
Assured, the Premium Payment Term chosen, Policy Term chosen,
Annualized Premium (excluding taxes, rider premiums, loadings for modal
premium and extra underwriting premiums, if any) and the option chosen.
 If this Policy is converted to a Reduced Paid-Up Policy as per the terms and
conditions section below, it shall not accrue any future guaranteed additions
under both options from the first Premium Due Date on which the Instalment
 Premium was unpaid The guaranteed additions already accrued, remains
attached to the Policy.
 Sample annual Guaranteed Addition rates are provided below:
LITTLE PRIVILEGES JUST FOR YOU

Free Look Period

If you disagree with the terms and condition of the Policy, you can return the Policy
within 15 days of receipt of the Policy Document (30 days if You have purchased this
Policy through Distance Marketing Mode or in case of electronic policies). To cancel
the Policy, you can send us a written request for cancellation which is dated and
signed by you, along with the reason for cancellation. We will cancel this Policy and
refund the Instalment Premium received after deducting proportionate risk Premium
for the period on cover, stamp duty charges and expenses incurred by Us on the
medical examination of the Life Assured (if any).

Note: Distance Marketing means insurance solicitation/lead generation by way of

telephone calling/ Short Messaging Service (SMS)/other electronic modes like e-mail,
internet & Interactive Television (DTH)/direct mail/ newspaper and magazine inserts
or any other means of communication other than that in person.
Grace Period
You get a grace period of 30 days for Yearly, Half yearly and Quarterly Premium
Payment Frequency and 15 days for Monthly Premium Payment Frequency from the
due date, to pay your missed premium. During these days, you will continue to be
covered and be entitled to receive all the benefits subject to deduction of due
premiums.

Change in Premium Payment Frequency

You can change your premium payment frequency subject to minimum eligibility
criteria. Such change shall be applicable on the Policy Anniversary.

The premiums for various modes as a percentage of annual premium are given below:

 Half-yearly premium – 52.0% of annual premium

 Quarterly premium - 26.5% of annual premium
 Monthly premium - 8.83% of annual premium
There shall be no charge made for the change of premium payment mode.

Rider
No riders are available under this product.

Loan
You may avail a loan once the policy has acquired a Surrender Value. The maximum
amount of loan that can be availed is up to 85% of the Surrender Value. The
minimum amount of policy loan that can be taken is Rs. 10,000. For more details,
please refer to the policy document. The interest rate applicable for the Financial Year
will be declared at the start of the Financial Year. The current interest rate for the
Financial Year 2020-21 applicable on loans is 8% per annum compounded half-
yearly. Please contact Us or Our nearest branch for information on latest interest rate
on loans.

TERMS AND CONDITIONS

Non Payment of Due Premium

Lapse:
If due premiums for the first two (2) policy years have not been paid in full within the
grace period, the policy shall lapse and will have no value.

All risk cover ceases while the policy is in lapsed status.

The policyholder has the option to revive the policy within Five years from the due
date of first unpaid premium.

In case the Policy is not revived during the revival period no benefit shall be payable
at the end of revival period and the policy stands terminated.

Paid-Up Value:
If due premiums for the first two (2) or more policy years have been paid in full and
any subsequent premium is not paid within the grace period, the policy will be
converted into a paid-up policy.

Death Sum Assured and Maturity Sum Assured will be reduced in proportion to the
number of premiums paid to the total number of premiums payable under the policy.
The reduced benefit shall be payable in the same manner as for an in-force policy.

If a policy is converted into a paid-up policy, it will not accrue any future Guaranteed
Additions under both options. The Guaranteed Additions already accrued, if any,
remains attached to the policy. A paid-up policy will not accrue any future
Guaranteed Additions after death of the Life Assured under option 2.

You can revive a Paid-Up Policy within a period of five years from the due date of
first unpaid premium. A paid-up policy cannot be revived once the policy term is
over.

You can also surrender your Paid-Up policy anytime during the Policy Term.

Revival
 You have the option to revive a lapsed/paid-up policy within 5 years from the
date of the first unpaid due premium.
 The revival will be considered on the receipt of the application from the
policyholder along with the proof of continued insurability of life assured and
on the payment of all overdue premiums with interest. The revival will be
effected as per the Board approved underwriting policy.
  On revival, the interest rate of 9% p.a. compounded yearly shall be charged by
the company. However, the company may decide to increase the interest
charged on revival from time to time with a prior approval from IRDAI.
 On revival, all the Guaranteed Additions due while the policy was in
Lapse/Paid up status, will be added back to the policy.
 A policy cannot be revived once the policy term is over.
Surrender Value
We encourage you to continue your policy as planned, however, you have the option
to surrender the same for immediate cash requirement, in case of an emergency, any
time after the payment of all due premiums for at least first two full policy years

 The amount payable on surrender will be (a) The Guaranteed Surrender Value
(GSV) or (b) Special Surrender Value (SSV), whichever is higher.
 The policy terminates on surrender and no further benefits are payable under
the policy.
Guaranteed Surrender Value (GSV):
The GSV will be equal to the GSV factor for premium multiplied by the total
premium paid (excluding taxes, rider premiums, underwriting extra premiums, if any)
plus the GSV factor for Guaranteed Additions multiplied by accrued Guaranteed
Additions.
Special Surrender Value (SSV):
The Special Surrender Value shall be based on the company’s expectation of future
financial and demographic conditions. This shall be reviewed by the company from
time to time with prior approval from IRDAI.
Special Surrender Value = [{Number of Premiums Paid / Total number of premiums
payable} * Sum Assured plus Accrued Guaranteed Additions)] x Special Surrender
Value Factor

Vesting of the Policy in Case of Policies Issued to Minor Lives

In case of minor lives, the ownership of the policy shall automatically vest on the Life
Assured on attainment of majority (i.e. when the Life Assured attains age 18 years).

Nomination and Assignment

Nomination shall be in accordance with Section 39 of Insurance Act, 1938 as
amended from time to time.

Assignment shall be in accordance with Section 38 of Insurance Act, 1938 as

amended from time to time.

EXCLUSIONS

Suicide Exclusion :
In Case of death due to suicide within 12 months from the risk commencement date
under the policy or from the date of revival of the policy, as applicable, the nominee
or beneficiary of the policyholder shall be entitled to 80% of the total premiums paid
till the date of death or the surrender value available as on the date of death whichever
is higher, provided the policy is in force.
Prohibition on rebates:
Section 41 of the Insurance Act 1938 as amended from time to time states:
 No person shall allow or offer to allow, either directly or indirectly, as an
inducement to any person to take or renew or continue an insurance in respect
of any kind of risk relating to lives or property in India, any rebate of the
whole or part of the commission payable or any rebate of the premium shown
on the policy, nor shall any person taking out or renewing or continuing a
policy accept any rebate, except such rebate as may be allowed in accordance
with the published prospectuses or tables of the insurer.
 Any person making default in complying with the provisions of this section
shall be liable for a penalty which may extend to ten lakh rupees.
Fraud, misrepresentation or non-disclosure:
Section 45 of the Insurance Act 1938 as amended from time to time states:
 No Policy of Life Insurance shall be called in question on any ground
whatsoever after the expiry of 3 years from the date of issuance of the policy
or the date of commencement of risk or the date of revival of the policy or the
date of the rider to the policy, whichever is later.
 A policy of Life Insurance may be called in question at any time within 3
years from the date of issuance of the policy or the date of commencement of
risk or the date of revival of the policy or the date of the rider to the policy,
whichever is later, on the ground of fraud.
For further information, Section 45 of the Insurance laws (Amendment) Act, 2015
may be referred.

WHY CHOOSE US?

Future Generali India Life Insurance Company Limited offers an extensive range of
life insurance products, and a distribution network which ensures that we are close to
you wherever you go.

At the heart of our ambition is the promise to be a life-time partner to our customers.
And with the help of technology we are making the shift from not only offering
protection to our customers but also providing personalized services to them.

It starts with our extensive agent base who is at the core of this transformation.
Through our distribution network we ensure that there is always a caring touch while
servicing the individual needs of our customers. With this philosophy, we aim to
make simplicity, innovation, empathy and care synonymous with our brand - Future
Generali India Life Insurance Company Limited.
FUTURE GENERALI ASSURED MONEY BACK PLAN

To enhance your financial protection and to secure yourself/your family against

accidental disability or demise, we present to you Rider which you may choose as an
additional protection. There is one rider option available under this plan - Future
Generali Accidental Benefit Rider (UIN:133B027V02). Please refer to respective
rider brochure for details.

The premium pertaining to health related or critical illness riders shall not exceed
100% of premium under the base product, the premiums under all other life insurance
riders put together shall not exceed 30% of premiums under the base product. Any
benefit arising under each of the above mentioned riders shall not exceed the sum
assured under the base product.
HOW DOES IT WORKS
Step1Choose the amount of insurance cover

 Choose the Sum Assured amount you desire under this guaranteed income
plan
Step2Choose the period of cover

 Choose the term of your policy i.e. decide the number of years for which you
wish to pay the premium i.e. 5/7/10 or 12 years
Step3Receive and review the benefit illustration for your requirements

 Our sales representative will help you calculate your premium and provide
you a customized benefit illustration.
Step4Pay the premium

Get ready to receive assured money backs after the completion of your premium
payment period.

How you can get this policy

 1Visit our nearest branch or call our toll free number 1800-102-2355 or email
us at care@futuregenerali.in
 2Fill up the proposal form with complete details along with your Advisor, and
ensure that you read all the terms and conditions to get maximum policy
benefits
 3This will be followed by a medical examination, for which the costs will be
borne by us
 4Prior to final policy issuance, ensure that you inform the insurance company
of any health changes occurred during the application process
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WHAT ARE YOUR BENEFITS?
Let us illustrate the benefits of this guaranteed income plan with an example
Kumar, a 30 year old male, has opted for a Sum Assured of Rs 5,00,000. He chooses
premium paying term of 10 years. He will have to pays Rs. 56,805# (excluding taxes,
rider premium, and extra premium if any) as annual premium if he chooses Option A
and Rs.67,864# (excluding taxes, rider premium, and extra premium if any) as annual
premium if he chooses Option B. He will receive a total benefit of Rs. 10,00,000
during the policy term, subject to his survival till the end of Policy Term.
Survival and Maturity Benefit
Option A

If Kumar has paid all his due premiums, he will receive 90% of Sum Assured as
Survival Benefits and additional 110% of the Sum Assured as Maturity Benefit.

Let us explain how…

As per the Continuing the same example from above guaranteed income plan, after
Kumar completes paying all his due premiums for 10 years, he will start receiving
assured payout of 10% of the Sum Assured as survival benefit for the next 9 years.
Therefore, he will receive Rs 50,000 every year from the end of the 11th year to the
end of the 19th year. He will also receive 110% of Sum Assured which is Rs 5,50,000
on maturity date

Option B
If Kumar has paid all his due premiums, he will receive 40% of Sum Assured as
Survival Benefits and additional 160% of the Sum Assured as Maturity Benefit.

Let us explain how…

As per the guaranteed income plan, after Kumar completes paying all his due
premiums for 10 years, he will start receiving assured payout of 10% of the Sum
Assured as survival benefit for the next 4 years. Therefore, he will receive Rs 50,000
every year from the end of the 11th year to the end of the 14th year. He will also
receive 160% of Sum Assured which is, Rs 8,00,000, on maturity date

Death Benefit

In case of your unfortunate demise during the policy term, the Death Sum Assured
will be payable to your nominee. In order to ensure that your family is always
adequately protected, the Death Sum Assured shall be highest of the following:

 10 times Annualised Premium ( excluding taxes, rider premiums, underwriting

extra premiums and loading for modal premiums, if any) , or
 105% of total premiums paid ( excluding any extra premium any rider
premium and taxes) as on date of death or
 Maturity Sum Assured which is equal to 110% of Sum Assured for option A
or 160% of Sum Assured for Option B.
 Absolute amount assured to be paid on death which is equal to the Sum
Assured
Continuing the same example from above:
Kumar, a 30 year old male, has opted for a Sum Assured of Rs 5,00,000. He chooses
Plan Option A and a premium paying term of 10 years. He pays Rs. 56,805# as annual
premium (excluding taxes, rider premium, and extra premium if any). Unfortunately,
he expires during the 4th policy year. In this case, Kumar’s nominee will receive the
following Death Benefit:

Summary of Benefits

Your Benefits

Survival Benefits 10% of sum assured at the end of every year after the
Premium Payment Term, for 9 years for Option A and
4 years for Option B.

Maturity Benefit 110% of sum assured for Option A and 160% of sum
assured for Option B at the end of Policy Term.

Death Benefit Death Sum Assured will be payable to your nominee.

Death Sum Assured shall be highest of the following:
i. 10 times Annualised Premium ( excluding taxes,
rider premiums, underwriting extra premiums and
loading for modal premiums, if any) , or
ii. 105% of total premiums paid ( excluding any extra
premium any rider premium and taxes) as on date of
death or
iii. 110% of Sum Assured for option A or 160% of
 Sum Assured for Option B.
iv. Absolute amount assumed to be paid on death
which is equal to the Sum Assured.

EXCLUSIONS
Suicide Exclusion: In Case of death due to suicide within 12 months from the date of
commencement of risk under the policy or from the date of revival of the policy, as
applicable, the nominee or beneficiary of the policyholder shall be entitled to 80% of
the total premiums paid till the date of death or the surrender value available as on the
date of death whichever is higher, provided the policy is in force.
ELIGIBILITY

Assured Money Back Plan Summary

Plan Summary

Parameter Parameter Criterion

Entry Age Minimum: 18 years

(Age mentioned refers Minimum: 55 years
to age as on last
birthday)

Policy Term • Option A: 15, 17, 20 & 22 years

• Option B: 10, 12, 15 & 17 years

Premium Payment Term Option A:

Policy Term less 10 years. i.e. 5, 7, 10 & 12 years
for Policy Term of 15, 17, 20 & 22 years
respectively

Option B:
Policy Term less 5 years. i.e. 5, 7, 10 & 12 years
for Policy Term of 10, 12, 15 & 17 years
respectively]

Annualized Minimum: Rs 18,000

Premium(minimum) Maximum: No limit
The minimum premium is exclusive of any taxes,
modal factor and extra premium
 Sum Assured Your Sum Assured will depend on your choice of
Policy Term, Premium and your age. Minimum
Sum Assured:
Option A – Rs. 58,215*
Option B - Rs. 49,425*
Maximum Sum Assured: No limit, subject to
board approved underwriting policy.

Premium Payment Monthly, quarterly, half yearly and Annual

Frequency Premium Payment Modes are available under the
plan.
• Half-yearly Premium- 52% of annual premium.
• Quarterly Premium – 26.5% of annual premium
• Monthly Premium - 8.83% of annual premium.
Monthly premiums can only be paid by Electronic
Clearing System (ECS)

* Goods and Services Tax of 4.5% in the first year and 2.25% in the subsequent years
will be applicable over and above this premium
DISCLAIMERS

Future Generali Assured Money Back Plan (UIN: 133N056V03)

 The Sales Brochure is consistent with the product features filed with the
Authority.
 Tax benefits are subject to change in law from time to time. You are advised
to consult your tax consultant
 Insurance is the subject matter of the solicitation.
 For more details on this product including risk factors, terms and conditions,
please read the policy document carefully and/or consult your Advisor and/or
visit our website before concluding a sale.

Free Look Period: In case you disagree with any of the terms and conditions of your
policy, you can return the policy to the company within 15 days (30 days if the policy
is sold through the Distance Marketing Mode) of its receipt for cancellation, stating
your objections. Future Generali will refund the policy premium after the deduction of
proportionate risk premium for the period of cover, stamp duty charges, cost of
medical examination, if any.

If the Policy is opted through Insurance Repository (IR), the computation of the said
Free Look Period will be as stated below:-

 For existing e-Insurance Account: Computation of the said Free Look Period
will commence from the date of delivery of the e mail confirming the credit of
the Insurance Policy by the IR.
 For New e-Insurance Account: If an application for e-Insurance Account
accompanies the proposal for insurance, the date of receipt of the ‘welcome
kit’ from the IR with the credentials to log on to the Insurance Account(e IA)
or the delivery date of the email confirming the grant of access to the IA or the
delivery date of the email confirming the credit of the Insurance Policy by the
IR to the IA, whichever is later shall be reckoned for the purpose of
computation of the Free Look Period.

FUTURE GENERALI NEW ASSURED PLUS

To enhance your financial protection and to secure yourself/your family against

accidental disability or demise, we present to you Future Generali Accidental Benefit
Rider (UIN:133B027V02) rider which you may choose as an additional protection.

Future Generali Accidental Benefit Rider (UIN:133B027V02)

The premium pertaining to health related or critical illness riders shall not exceed
100% of premium under the basic product, the premiums under all other life insurance
riders put together shall not exceed 30% of premiums under the basic product and any
benefit arising under each of the above mentioned riders shall not exceed the sum
assured under the basic product.

Please refer to the respective rider brochure for more details

HOW DOES IT WORK?

Step1Choose the benefit amount, i.e. the Sum Assured
Choose the Death Benefit option and amount of insurance cover you desire under this
policy.

Step2Choose the Policy Term and Premium Payment Term

Choose the Policy Term and Premium Payment Term as per your financial goal.

Step3Receive and review

Our sales representative will help you calculate your Premium and provide you a
customised Benefit
Illustration – a detailed break-up of what you pay and what you get.
How you can get this policy

 1Visit our nearest branch or call our toll free number 1800-102-2355 or email
us at care@futuregenerali.in
 2Fill up the proposal form with complete details along with your Advisor, and
ensure that you read all the terms and conditions to get maximum policy
benefits
 3This will be followed by a medical examination, for which the costs will be
borne by us
 4Prior to final policy issuance, ensure that you inform the insurance company
of any health changes occurred during the application process
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 FUTURE GENERALIGroup Gratuity Plan

WHAT ARE YOUR BENEFITS?
Maturity Benefit:

Once your policy matures at the end of the Policy Term and if you have paid all your
due premiums, you will receive Maturity Benefit as per the chosen option-

 Option 1
 o Guaranteed Maturity Sum Assured equal to Sum Assured plus Vested
Compound Reversionary Bonuses, if any, plus Terminal Bonus, if any,
shall be paid
 Option 2:
o Guaranteed Maturity Sum Assured equal to Sum Assured plus Vested
Compound Reversionary Bonuses, if any, plus Terminal Bonus, if any,
shall be paid
o Even in case of death of the Life Assured, the Maturity Benefit will be
payable if all Installment premiums due till date of death of the Life
Assured have been received in full.
Let’s understand this benefit with the help of an example:

Amit is 35 years o ld and has purchased New Assured Plus – Option 2. He has
opted for Rs. 7,00,000 Sum Assured for a Policy Term of 20 years and Premium
Payment Term of 15 years. He pays Rs. 48,055 premium (excluding taxes) annually
for a term of 15 years.

Please Note: Some benefits are guaranteed and some benefits are variable with
returns based on the future performance of your life insurance company. These
assumed rates of return 8% and 4%, are not guaranteed and they are not upper or
lower limits of what you might get back as the value of your policy is dependent on a
number of factors including future investment performance.
Death Benefit during the Policy Term

Death Benefit in this plan secures your family in case of your unfortunate demise
during the Policy Term. You have the option to choose between two Death Benefit
Payout options

Option 1 – Lumpsum Death Benefit Payout:

Under this option, Death Benefit payable to your nominee shall be higher of:

 105% of all the premiums paid (excluding taxes, rider premiums and extra
premiums, if any) as on date of death; and
 Death Sum Assured plus vested Compound Reversionary Bonuses, if any plus
Terminal Bonus, if any.

The Policy will terminate on payment of Death Benefit under Option 1

Option 2 – Lumpsum Death Benefit with Maturity Payout

Under this option, two payouts will be made to your nominee.

 Lumpsum Death Payout: The first payout which is the Lumpsum Death
Payout will be paid at the time of death. Death Benefit payable to your
nominee shall be higher of:
o 105% of all the premiums paid (excluding taxes, rider premiums and
extra premiums, if any) as on date of death; and
o Death Sum Assured
 Maturity payout: The second payout equal to Guaranteed Maturity Sum
Assured plus Reversionary Bonus (if any) plus Terminal Bonus (if any) will
be paid at the time of Maturity of the Policy i.e. at the end of the Policy Term.
The payout at the time of maturity is made, because the policy continues after
the death of the insured person. No further premiums are payable under the
policy after the death of the Life Assured. The policy continues to participate
in profits even after the death of the Life Assured.

Nominee shall not have any right to avail loan, assignment and surrender as available
to Policyholder under the Policy.

Death Sum Assured is defined as Higher of:

  10 times Annualised Premium ( excluding taxes, rider premiums, underwriting
extra premiums and loadings for modal premiums, if any)
 Guaranteed Maturity Sum Assured, which is equal to sum assured
 Absolute Amount payable on death, which is equal to sum assured
Note: The premiums above exclude taxes, rider premiums and extra premiums, if any
as these are collected separately in addition to the regular premium for this product.
Let’s understand this benefit with the help of the previous example:

It is assumed that the death occurs in the 2nd policy year. The benefit payable to
Amit’s nominee(s) will be:

Compounded Reversionary Bonus: At the end of each financial year, the Company
may declare a bonus expressed as a percentage of the Sum Assured and all previous
bonuses declared. The bonus of each year is added to the Sum Assured and the next
year’s bonus is calculated on the enhanced amount.Please Note: Some benefits are
guaranteed and some benefits are variable with returns based on the future
performance of your life insurance company. These assumed rates of return 8% and
4%, are not guaranteed and they are not upper or lower limits of what you might get
back as the value of your policy is dependent on a number of factors including future
investment performance.
Terminal Bonus: The Company may declare a terminal bonus which may be payable
on death or on maturity of the plan.
Large Sum Assured Discount

Discount on premium
per Rs.1000 Sum
Assured

Sum Assured/Premium 5 6- 11- 16- 21-

Payment Term 10 15 20 30

1,00,000-1,99,999 Nil

2,00,000-4,99,999 6 4 1 0 0

5,00,000 and above 11 8 5 3 2

Target Group
For the customers who are looking for tax saving life insurance plan that offers
flexibility of paying for a limited period and staying invested for a longer period to
reap higher benefits with potential upside through bonuses.
EXCLUSION
Suicide exclusion: In case of death due to suicide within 12 months from the date of
commencement of risk under the policy or from the date of revival of the policy, as
applicable, the nominee or beneficiary of the policyholder shall be entitled to 80% of
the total premiums paid till the date of death or the surrender value available as on the
date of death whichever is higher, provided the policy is in force.
ELIGIBILITY

Parameter Criterion

Entry Age (as 3 years – 55 years

 on last
Birthday)

18 years - 70 years

 For minor life assured having age less than 8 years ,

minimum policy term to be chosen shall be equal to (18
less age at entry) years.
Maturity Age  For life assured having entry age greater than or equal to
8 years but less than or equal to 40 years, the policy term
to be chosen shall be between 10 years to 30 years, both
inclusive.
 For life assured having age greater than 40 years,
maximum policy term to be chosen shall be equal to (70
less age at entry) years.

Policy Term 10 to 30 years

Benefit Payout Option 1: 5 years to Policy term (including both)

Benefit Payout Option 2: 5 years to (Policy term less 5 years)
(including both)

Premium
Policy Term
Paying Term

Option --> Benefit Payout Benefit Payout Option

Premium Option 1 2
Payment
Term 5 to 9 10 years to 30 Premium paying term
years + 5 years to 30 years

10 to 25 Premium paying Premium paying term

term to 30 years + 5 years to 30 years

26 to 30 Premium paying Not Applicable

term to 30 years

Minimum – Rs. 1,00,000

Sum Assured
Maximum – No Limit
 Premium Yearly, Half Yearly, Quarterly & Monthly
Payment
Frequency

Minimum Annualized Premium- Rs. 10,000 subject to Minimum

Premium SA of Rs. 1,00,000
amount
Maximum Premium - No Limit

DISCLAIMERS
Future Generali New Assure Plus
UIN: 133N065V02
 Tax benefits are subject to change as per tax laws.
 For more details on the risk factors and the terms and conditions please read
the sales brochure and/ or sample policy document on our website carefully,
and/ or consult your advisor before concluding the sale.

FREE LOOK CANCELLATION:

In case you disagree with any of the terms and conditions of the policy, you can return
the policy to the Company within 15 days (30 days if the policy is sold through the
Distance Marketing Mode) of its receipt for cancellation, stating your objections.
Future Generali will refund the policy premium after the deduction of proportionate
risk premium for the period of cover, stamp duty charges, cost of medical
examination, if any.

If the Policy is opted through Insurance Repository (IR), the computation of the said
Free Look Period will be as stated below:-

 For existing e-Insurance Account: Computation of the said Free Look

Period will commence from the date of delivery of the e mail confirming the
credit of the Insurance Policy by the IR.
 For New e-Insurance Account: If an application for e-Insurance Account
accompanies the proposal for insurance, the date of receipt of the ‘welcome
kit’ from the IR with the credentials to log on to the e Insurance Account(e IA)
 or the delivery date of the email confirming the grant of access to the eIA or
the delivery date of the email confirming the credit of the Insurance Policy by
the IR to the eIA, whichever is later shall be reckoned for the purpose of
computation of the Free Look Period.

WORK AND ANALYSIS

Life insurance policies have the following key features:

Key Feature Benefits Offered Under Each Feature

Life Cover/
All life insurance plans mandatorily include this benefit, except pension
Death
plans and annuities
Benefit

Wealth
Creation/
Available under plans other than pure term policies.
Investment
Element

Maturity Available under all types of life insurance plans, except for term
Benefit insurance

Tax Benefits  Subject to provisions defined under Section 80C of Income Tax
Act 1961, deduction of up to Rs 1,50,000 can be claimed on
premiums paid for life insurance policy. Tax laws are subject to
change.

 Also, subject to the provisions defined under Section 10(10D)

life insurance policy pay-outs can be tax-free. Tax laws are
Key Feature Benefits Offered Under Each Feature

subject to change.

Riders/Add- In addition to a life insurance policy, riders and add-on covers are
on Covers available for enhancing protection.

Coverage
The majority of life insurance policies can be used to cover liabilities
Against
related to life such as mortgages, loans, and other types of debt to
Various
ensure family does not carry the burden in case of an unfortunate event.
Liabilities

Flexibility to pay premium(s):

 Single (one time)

Premium  Yearly

Paying Term  Half-yearly

 Quarterly, or

 Monthly

Buying There are a variety of life insurance plans available both offline and
Process online

Claim
The claim process is quick, easy, and hassle-free
Process

Can be done both via the insurance company’s online as well as offline
Paperwork
touch points.

What are the benefits of Life Insurance Policy

The following are the benefits of having a life insurance policy:

 Financial Security - There is no greater peace of mind than having life

insurance. It is true that we all have some financial responsibilities, but with
life insurance, you can ensure that your loans (debts) or loved ones will be
taken care of financially in the event of your unfortunate demise.
 Wealth Creation - You can create wealth through unit linked life insurance
plans . In addition to providing life insurance cover, these policies allow you
to invest your premiums in different market linked funds as per your risk
appetite.

 Tax Savings - Dual tax benefits are available with life insurance plans. The
premiums paid towards a life insurance policy are eligible for tax benefit
according to the provisions under Section 80C of the Income Tax Act. You
can avail tax deduction of up to Rs 1,50,000 in premiums paid each year from
your gross income, lowering your tax burden. In addition, the death or
maturity benefit paid under life insurance plans may be entirely tax-free. This
tax benefit is under Section 10(10D) of the Income Tax Act. These benefits
are subject to change as per the prevailing tax laws.

 Death benefit - In the case of an unfortunate event of death of the life assured,
the nominee will receive an amount as defined in the policy. The nominee(s)
can use the payout received from the life insurance policy to cover a variety of
expenses, including clearing routine bills, repaying loans, paying for children's
school fees, and so on.

 Disciplined Saving - Along with serving as a protection tool, life insurance

also enables consumers to save in a disciplined manner for future financial
milestones.

 Addresses Multiple Needs - Ensure that your family's financial needs are met
in your absence. Ideally, these needs should be assessed based on the
individual's stage of life, as well as current liabilities, expected future
liabilities, the number of dependents, financial goals, lifestyle, etc. The
decision process gets simplified when you have a need in mind, whether it's
for your child's education or down payment for your own house, or for your
retirement or loan repayment.

 Loan Options - In the event of an emergency, you can borrow money from
your life insurance policy. The amount of the loan that can be taken as a
percentage of the cash value or sum assured under the policy, depends on the
policy terms & conditions.
  Life Stage Planning - With life insurance, you can plan your financial goals
for various stages of your life according to your convenience. By doing so,
you can make informed decisions at any time. The purpose of life insurance is
not only to provide support in the event of an untimely death but also to serve
as a disciplined saving/investment tool to meet various financial goals. No
matter what your life stage or risk appetite, you can achieve your goals,
including your child's education, their marriage, or planning a relaxed
retirement.

 Assured Income Benefits - Many life insurance plans offer this benefit. The
income your family receives on a regular basis ensures their security. With
this income, one can pay for the expenses, such as rent, loans, child’s
education, monthly bills, etc. After the death of the earning member, this
income makes up for the loss of income, if adequate.

 Riders - A rider is an optional additional cover to a basic insurance policy.

Riders allow you to increase protection. Riders provide comprehensive
protection by covering risks that are not covered by the main life policy.
Riders may include critical illness coverage, personal accident coverage,
family income coverage, as well as waiver of premium coverage etc. During
circumstances where a major life insurance policy may not be applicable, this
additional protection steps in. Furthermore, they provide tax benefits and make
you eligible for deductions based on life and health insurance. For example, if
you select an accidental death rider, you may deduct premiums paid under
Section 80C; for critical illness, you may deduct premiums paid under Section
80D. Note tax benefits can be claimed according to provisions defined under
the respective Section of the Income Tax Act. Tax laws are subject to change
as per the prevailing Income Tax Laws

How much life insurance cover do i need?

What is the worth of your life? When shopping for life insurance, you need to answer
this strange question. The primary purpose of life insurance is to provide financial
security for your family if something unexpected happens to you. Hence, the life
cover should be sufficient to settle any outstanding debts as well as provide a source
of income for your (the life insured’s) family.
The following tables can help you calculate how much life insurance you need. The
amount of insurance cover depends upon what will it take for your family to keep up
their current lifestyle in your absence.

 Be Future ReadyTM

 Is it confirmed that you are prepared to face the future with confidence?


 How can I choose a fair extra security stance?

 In general, we aspire to live beautiful lives and work toward achieving things
that are so important they are essentially indistinguishable. Nevertheless, there
are shortages everywhere, and as it is said, if you believe that GOD has a
backup plan for you, that will prevail.
 While one cannot avoid or ward off insufficiencies, it is possible to lessen or
bind the effects of human existence's requirements, which from a broad
perspective could be Defeat, Need, or Soiling. While nothing can make up for
astonishingly close disappointments, financial catastrophes can be reimbursed
judiciously by using insurance contracts. To outline honestly is what you
should actually keep in mind. What you buy should take into account the flaw
you actually need to keep an eye on your friends and family for.
 While shortcomings cannot be prevented or avoided, it is necessary to lessen
or prevent their effects on human existence, which on a most basic level could
be End, Insignificance, or Sickness. While nothing can make up for enormous
incidents, financial catastrophes can be judiciously made up for by using
insurance policies. What you observe has to be done is to brilliantly method.
What you buy should reflect the insufficiency you want to protect your loved
ones from.
 There is unquestionably no practical exchange for pure security insurance
viewpoints that cover an unlimited supply of protected or, to use an example, a
Mediclaim security contract that pays the coordinated hospitalization charges.
 Generally speaking, you may look for an essential issue technique that
provides you with a really entire on demonstrated tremendous pollutions to top
up your Mediclaim framework for charges beyond the hospitalization costs.
 Life consolidation plans can more than just be expected in terms of gaining
extended length hold resources for specific life areas, past pure bet cover, near
 a term or a vital damaging design. For instance, a young person might start
attending school at age 17 and receive excellent level preparation by age 21 or
22. You can achieve this goal without subjectivity with the help of additional
security plans. Instead of planning how to pay the bills whether the parent was
truly absent, you might create a fascinating corpus that spots of association
with simplicity of assets for admittance to a fair school.
 It is important to identify the purpose for which you actually need to buy a
security plan before you sign any insurance contracts. If you are buying a term
plan, try to get a full scale front of something like your annual salary so that in
the event of an emergency, your family will have enough money to live
comfortably for the next 12 to 18 months. Consider a term plan that will cover
you through age 60 or 65, such as one that matches your retirement age. Cost
increases when the degree of the term plan is enlarged.


 When purchasing a save supports plan, make sure the development term
corresponds to the time frame of the financial goal for which you are
purchasing the system.
 Plans for saving for the future can be fully guaranteed, fully non-guaranteed,
or a combination of the two. You must choose a method that best satisfies
your requirements. For instance, if you really need something that pays one
hard and fast payment for your daughter's wedding or for clearing when you
leave, you could look into eventually pay plans. If you're looking for a
standard salary after retirement, however.
 What kind relies on your want to bet.
 • You can choose a "Non-Sharing" hold finances item if you are risk averse
and satisfied with guaranteed returns. You can see what you pay and what you
get from something like this by looking at the benefit outline.
 • If your variable return with a base affirmation is excellent, you can view
"Sharing things"; these things contain rewards that are not guaranteed and
contrast thinking about the underwriter's presence.
 • If you need beyond absurd financial assistance, you may want to look at
market-related plans, sometimes known as ULIPs. These items are offered
separately when the cost of consideration and attestation is actually
demonstrated.
  • The best method for separating the benefits of non-guaranteed items is to
compare what you pay with what you get at 4% and one wild venture return at
8%.
 The advantage The arrangement serves as the central record for evaluating the
object's value and advantages. On a very important level, consider the
following mantra:

Saving money is a way to achieve financial goals like retirement, paying for a
young adult's tuition, getting married, or other longings/events that require money.
• Term means to get family persevering there should be an event of truly
coordinated decimation - get it on different occasions of your yearly compensation
,Accuse decreases can arrangement of the value of the way of thinking you buy. -
prepare for each accomplishment without restraint for improved control

EXPLORATORY Evaluation

Exploratory analysis provided me with party information from the discretionary

resources because I obviously lacked a lot of knowledge about the security market. I
offered a variety of journals, websites, reports from trade associations, etc., and gave
them the option to add more information about the attestation market.

Example Evaluation Plan

Basically, after sorting out the exploratory evaluation, I relied on the

Overwhelming Strategy of quantifiable assessment for additional enormous
experiences concerning numerous Declaration participants. I have disconnected the
client lead on many endpoints under this. By bringing to the fore many second
experiences concerning the client propensities, the Obvious technique has given me a
common perspective on the degree of insurance. In addition to improving the ideal
data by clarifying the purpose, it has also helped me carefully evaluate the
discretionary data.
Utilizing an illustrative approach and the underlying underpinnings

Huge techniques include survey research and client interaction.

Quantitative approaches

Data Methodology

The entire evaluation is based on both head and frill data.

Important Information: Information acquired through the outline from the many
insistence financial partners.

Accessory Data: Accessory data gathered through the stock of money-related

specialists' journals, papers, and instruction.

Sample Size

• Around 100 customers/respondents

• These 100 responders were chosen randomly.

• The age range of the respondents is between 18 to 45 years.

• It is dependent on the odd inspection Deterrents Of Assessment

• Consistently incorrect results from the design.

•Finally, rigorous, eccentric searching causes the results to be turned in.

• A model size of 100 purchasers is insufficient for achieving specified outcomes.

regular objectives

Since our evaluation was limited to the Dehradun region, I encountered typical
endpoints while driving the market outline.

sample size

For this confirmed investigation, 100 models were used. In any case, this model's size
is absurdly small to serve as a true representation of people's sizes. Not everyone can
benefit from a summary of the data obtained from this model size.

target audience

The target audience for this market pack was around 18. However, when I was
organizing the evaluation, I noticed that the replies fell inside the 18–25 age range,
which set the boundaries for our examination.

PROCESS Took on Getting Information About Security Market: The covert stage
was learning about the Assurance market. This provided not only frontal cortex about
what has already been introduced by the security partnership, but also shown obedient
while simultaneously raising the outline.
 CONCLUSION
I have come to be aware of the client cleverness about the confirmation
district and how it shifts with their age assembling and pay.

• The purchasing of Catastrophe insistence approaches is probable

going to pay.

• There is no effect mature sufficient on the reasoning behind

holding disaster security framework.

• Unit related catastrophe confirmation structure is leaned toward the

most.

• All the assertion office should affect more in the market

considering the way that not all individuals find out about extra security
structure.

• Generally around number of individuals needs ensured returns so

affiliation should zero in on this for the client speculation.

• The unit related thought should be unequivocally front.

• Individuals ought not be hesitant to put cash in security and should

solidify it as a valuable device for charge arranging and expanded length.
REFERENCES

TEXT BOOKS

1. PHILIP KOTLER (2001) ‘Marketing Management’,

Prentice Hall Pvt.Ltd., New Delhi, Millennium ion.

2. KOTHARI C.R. (1999) ‘Research Methodology’, Wishwa

Prakashan, New Delhi, 2nd ion.

3. LEON G. SCHFFMAN and LESLIE LAZAR KANUK

(2007)
‘Consumer Behavior’, Prentice Hall Pvt.Ltd., New Delhi, 9 th
ion.