Future Generali

Assure Plus

Be there for
your family. Always.

This is a Participating, Non-Linked, Endowment Plan.

Future Generali Assure Plus is an insurance product with life insurance coverage.
You have always wished to give your family the best of lifes fortunes, striving to be a strong support at every stage of life and to
provide them with a safe and secure financial future. However, life can have its share of uncertainties. The stressful lifestyles, rising
costs and the ever-increasing risks make it absolutely critical to plan for the future.

We at Future Generali, intend to help you build a safe and financially sound future for your family and loved ones, today as well as in
the years to come. Future Generali Assure Plus is just the right plan, ensuring financial freedom which your family deserves, even in
your absence.

UNIQUE PRODUCT BENEFITS:

This is a Limited Premium Payment Traditional Endowment Plan

Compounded reversionary bonuses accrues throughout the Policy Term

Provides a choice of Policy Term and Premium Payment Term to suit your financial plan

Tax benefits available as per prevailing tax rules

HOW DOES IT WORK?

Step 1: Choose your policy and Premium Payment Term

You may choose the Policy Term and the Premium Payment Term for which you would like to
pay premiums under your policy.

Step 2: Choose your Sum Assured

You may choose the Sum Assured you would like to have under the policy.

WHAT ARE YOUR BENEFITS?

Maturity Benefit: In case the Life Assured survives till the end of Policy Term, provided all due premiums have
been paid, Sum Assured plus Accrued Bonus and Terminal Bonus, (if any) will be payable. The
policy terminates on the payment of Maturity Benefit.

Death Benefit: In case of an unfortunate demise of the Life Assured during the Policy Term, provided all due
premiums have been paid till the date of death, the benefit payable to the nominee is higher of:

1. Death Sum Assured plus Vested Bonus plus Terminal Bonus, if any.
2. 105% of total premiums paid
(excluding Service Tax, extra premiums and rider premiums, if any)

Where death Sum Assured is higher of:

Sum Assured

10 times the Annualised Premium if age of the Life Assured is less than 45 years or 7 times
the Annualised Premium if age of the Life Assured is greater than or equal to 45 years.
 Note:

If the policy has been taken by a person (the Proposer/Policyholder) on the life of another
person who is a minor (the Life Assured) and the Policyholder predeceases the Life Assured
during the minority of the Life Assured, no immediate benefit will be payable. On the death
of the Policyholder while the Life Assured is a minor, the policy may be continued by the
appointment of a new Policyholder under the policy. If policy has acquired Paid-up Value and
new Policyholder is not available and/or legal guardian is not interested to continue the policy,
the policy can remain in Paid-up conditions and provisions applicable for Paid-up Policies will
apply. However, where the Legal Representatives/Legal Guardian of the Policyholder wish to
surrender the policy and have obtained necessary representation for the monies under the
policy from a Court of a State or Territory of the Union of India that the monies will be utilised
for carrying out day-to-day expenses/benefit of the minor, the policy proceeds will be paid as
per the Non-Forfeiture Provisions mentioned in Section 8.3 and the policy will be terminated
thereafter.

If the policy has not acquired any Paid-up Value, it will lapse in case new Policyholder is not
available and/or legal guardian is not interested to continue the policy.

The policy vests on the Life Assured on the policy anniversary coinciding with or immediately
following the 18th birthday of the Life Assured. Upon such vesting, the policy will be deemed
to be a contract between the Life Assured (also the Policyholder henceforth) as the owner of
the policy and the Company.

In case, the Life Assured age at entry is less than 5 years, the risk cover will start on policy
anniversary after completion of age 5 years or 2 years after the commencement of policy
whichever is later. For age at entry 5 years and above, the risk cover will start immediately.
On death of Life Assured before risk cover commences, the premiums paid will be refunded
and the policy will terminate.

Sample Premiums: For a 20 years Policy Term and 10 years Premium Payment Term, following is the premium for
`1,000 Sum Assured

Annual Premium First Year Premium Premium from 2nd year onwards
Age in Years without Service Tax @ 3.5% Total Premium with Service Tax @ Total Premium with
Service Tax (`) (`) Service Tax (`) 1.75% (`) Service Tax (`)
30 92.65 3.24 95.89 1.62 94.27
40 94.06 3.29 97.35 1.65 95.71
50 98.12 3.43 101.55 1.72 99.84

Note: The Service Tax is calculated as per the Tax laws applicable from 1st June, 2015 and is
subject to revision.

What is the Premium Payment Term under the plan?

This is a limited Premium Payment Plan. The Premium Payment Term depends on the Policy
Term and is as under:
 Policy Term (years) Premium Payment Term (years)
15 7/10/12
20 10/12/15/17
25 12/15/17/20

What is the Policy Term available in this plan?

The plan provides fixed Policy Term of 15 years/20 years and 25 years.
Who can buy this plan?
Age at entry: 3 to 55 years (as on last birthday)
Maturity Age: 18 to 70 years (as on last birthday)
What is the minimum/maximum premium under the plan?
The minimum annual premium payable under the plan is `12,000 (excluding applicable Taxes).
The maximum premium depends upon maximum Sum Assured under the plan.
What is the extent of Sum Assured given under this plan?
The minimum Sum Assured under the plan is `1,00,000. The maximum Sum Assured under
this plan is `5 crore.
What is Savings and Accumulation through Bonuses?
The Company will declare Compounded Reversionary Bonus from the first policy year provided all
the due premiums have been paid as and when due. The bonus will be applied on the Sum Assured
along with the bonuses already accrued under the policy. The bonuses once allocated to the policy
will be guaranteed during the Policy Term and will be payable on death or maturity, whichever is
earlier. Terminal Bonus, if any, will be payable on death or on maturity. The interim bonuses will also
be declared at the end of each Financial Year for the exits during the Financial Year.
Reversionary Bonus and Terminal Bonus are not guaranteed and will depend on the actual
experience of the Company.
Is there any large Sum Assured discount in this plan?
For a customer buying large Sum Assured, a discount is available as given below:

Sum Assured (`) Discount in premium rates per 1000 S.A. (`)
< 2 lakh Nil
>= 2 lakh and < 3 lakh 3.75
>= 3 lakh and < 4 lakh 5.50
>= 4 lakh and < 5 lakh 6.00
>= 5 lakh 6.50

For policies taken directly (i.e. without involving any channel) by Future Group employees,
spouse of the employees and their blood relatives, no commission is payable and will be eligible
for a staff discount of 8% of premium. Blood relatives include children of the employee, parents
of the employee, siblings of the employee (brothers/sisters)

What are the Premium Payment Frequencies available under this plan?
 The premium can be paid only in Yearly/Half-Yearly/Quarterly/Monthly mode under this plan.
Monthly premiums can only be paid by Electronic Clearing System (ECS). If quarterly premium
is less than `2,500, then it will be offered under ECS mode only.

The premiums for various modes as percentage of Annual Premium are given below:

Monthly (by ECS) 8.83% of Annual Premium

Quarterly 26.5% of Annual Premium
Half-Yearly 52% of Annual Premium

Can I take a loan against my policy?

No loan is available under this policy.

Is there any Grace Period in the Policy?

A Grace Period of 30 days from the premium due date will be allowed for payment of annual,
semiannual and quarterly mode and 15 days for monthly mode. The policy will remain in
force for all policy benefits during the Grace Period. If any premium remains unpaid at the
end of the Grace Period, the policy shall lapse from the due date of first unpaid premium. The
policy benefit thereafter would have no further value except as provided under Non-Forfeiture
provisions.

When does my policy acquire Surrender Value?

Your policy acquires a Surrender Value after all the due premiums have been paid for

Premium Payment Term < 10 years = first 2 consecutive years and

Premium Payment Term >= 10 years = first 3 consecutive years.

You may terminate the policy during the Policy Term by surrendering the policy. On surrender,
the higher of Guaranteed Surrender Value and Special Surrender Value will be paid. These will
be calculated as follows:

Guaranteed Surrender Value: The Guaranteed Surrender Value is the GSV factor multiplied
by the number of premiums paid till the date of first unpaid premium. The GSV factors are as
below:

Guaranteed Surrender Value factors for Premiums

Policy Year of Policy Term 15 Policy Term 20 Policy Term 25
Surrender PPT 7 PPT 10 PPT 12 PPT 10 PPT 12 PPT 15 PPT 17 PPT 12 PPT 15 PPT 17 PPT 20
1 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
2 30.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
3 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
4 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
5 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
6 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
7 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%
 8 52.00% 55.00% 55.00% 52.00% 52.00% 52.00% 52.00% 52.00% 52.00% 52.00% 52.00%
10 60.00% 65.00% 65.00% 58.00% 58.00% 58.00% 58.00% 57.00% 57.00% 57.00% 57.00%
15 90.00% 90.00% 90.00% 72.00% 72.00% 72.00% 72.00% 67.00% 67.00% 67.00% 67.00%
20 90.00% 90.00% 90.00% 90.00% 77.00% 78.00% 79.00% 77.00%
25 90.00% 90.00% 90.00% 90.00%

The Surrender Value of the bonuses allocated to the policy will also be added to the
Guaranteed Surrender Value. This will be calculated as the applicable percentage factor, based
on Policy Term and policy year of surrender, applied to the bonuses allocated to the policy.

Guaranteed Surrender Value Factors for Bonuses

Policy Year of Surrender Policy Term 15 Policy Term 20 Policy Term 25
1
2 16%
3 19% 9% 5%
4 21% 11% 5%
5 25% 12% 6%
6 28% 14% 7%
7 33% 16% 8%
8 38% 19% 9%
10 50% 25% 12%
15 95% 50% 25%
20 95% 50%
25 95%

Note: For Premium Paying Term greater than 10 years, the above factors will apply from year 3.

Special Surrender Value: This will be based on an assessment of the asset share progression at different durations of
the policy. This assessment would be based on the Companys past financial and demographic
experience of the product/group of similar products and likely future experience and will be
reviewed from time to time depending on changes in internal and external experience and likely
future experience. Special Surrender Values may be changed only after obtaining approval from
IRDAI.

A policy terminates on surrender and no further benefits are payable under the policy.

What happens if I discontinue paying premium?

The policy will lapse and have no further value except as provided under Non-Forfeiture
provisions, if premiums are not paid within the Grace Period.

After acquiring Surrender Value, if premiums are not paid within Grace Period, the policy will
be made Paid-up and the Sum Assured will be reduced in the same proportion as the ratio of
 number of premiums paid to the total premiums payable under the policy.

In case of death of Life Assured, reduced Paid-up Death Sum Assured along with accrued
bonuses as on date of first unpaid premium plus terminal bonus if any will be paid to the
nominee and the policy will terminate. In case of survival of Life Assured to the end of the Policy
Term, the reduced Paid-up Sum Assured along with accrued bonuses and terminal bonus, if
any will be paid as Maturity Benefit.

The policy will lapse and no benefit will be payable, if all due premiums are not paid for at least
first 3 consecutive policy years for policies with Premium Paying Term greater than or equal
to 10 years. For policies with Premium Paying Term less than 10 years if all due premiums are
not paid for at least first 2 consecutive policy years, the policy will lapse and no benefit will be
payable.

Can I revive my policy?

The policy lapses along with rider benefits (if any) if premiums are not duly paid within the period
of grace. The policy may be revived for full benefits within a period of two years from the due
date of the first unpaid premium and before the date of maturity.

The revival will be considered on receipt of:

A written application from the Policyholder along with the proof of continued insurability of
the Life Assured as specified by the Company from time to time and

On payment of all overdue premiums with interest (if any)

The revival will be effected based on Board approved underwriting policy. The Policyholder will
be required to pay the arrears of premium with interest and provide evidence of insurability as
specified by the Company from time to time. The interest charged shall be as decided by the
Company from time to time. The interest charged will be linked to one of the market benchmark
rates of interest on a periodic basis. This rate is subject to change from time to time.

LITTLE PRIVILEGES, JUST FOR YOU:

Exclusions: No benefit will be payable in respect of any condition arising directly or indirectly from, through
or in consequence of the following exclusions and restrictions:

Suicide Exclusion: If the Life Assured commits suicide within one year from the policy
commencement date, the policy will be void and only 80% of the premiums paid will be
payable as Death Benefit. If the Life Assured commits suicide within one year from the revival
date of the policy, if revived, the higher of, 80% of the premiums paid till the date of death and
Surrender Value, will be payable as Death Benefit.

Free-Look Period: 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 Distance Marketing
Mode) of its receipt for cancellation, stating your objections.
Future Generali will refund the policy premium after the deduction of the policy stamp charges,
cost of medical examination, if any, and the cost for the insurance cover for the period up to
 the date of cancellation

Note: Distance Marketing means insurance solicitation by way of telephone calling/short

messaging service (SMS)/other electronic modes like e-mail, internet and interactive television
(DTH)/direct mail/newspaper and magazine inserts or any other means of communication other
than in person.

Tax Benefits: Premium(s) paid are eligible for tax benefit as may be available under the provisions of
Section(s) 80C, 80CCC(1), 80D, 10.10D as applicable.

For further details, consult your tax advisor. Tax benefits are subject to change from time to
time.

Nomination: Provided the Policyholder is the Life Assured, he/she may, at any time during the Policy Term,
nominate a person or persons as per Sec. 39 of the Insurance Act 1938, to receive the policy
benefits in the event of his/her death.

Assignment: As per Section 38 of the Insurance Act, 1938, the Policyholder can assign the policy to a party
by filing in a written notice to us. The assignment should either be endorsed upon the policy
itself or documented by a separate instrument signed in either case by the assignor stating
specifically the fact of assignment. Only the entire policy can be assigned and not individual
benefits or any part thereof. Any assignment shall automatically cancel a nomination except any
assignment in favour of the Company.

Prohibition on Rebates: 1. 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
Section 41 of the Insurance or property in India, any rebate of the whole or part of the commission payable or any rebate
Act, 1938 states: 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:

Provided that acceptance by an insurance agent of commission in connection with a policy of

life insurance taken out by himself on his own life shall not be deemed to be acceptance of a
rebate of premium within the meaning of this subsection if at the time of such acceptance
the insurance agent satisfies the prescribed conditions establishing that he is a bona fide
insurance agent employed by the insurer.

2. 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.

Non-Disclosure: 1. No Policy of Life Insurance shall be called in question on any ground whatsoever after the
Section 45 of Insurance expiry of 3 years from the date of the policy i.e. from the date of issuance of the policy or the
Act, 1938 states: 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.
 2. 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 is a joint venture between Indias leading retailer Future Group, Italy based
insurance major Generali and Industrial Investment Trust Ltd. (IITL). The Company was
incorporated in 2006 and brings together the unique qualities of the founding Companies -
local experience and knowledge with global insurance expertise. Future Generali offers an
extensive range of life insurance products, and a network that ensures we are close to you,
wherever you go.
For any assistance call us at: 1800 102 2355 | Website: www.futuregenerali.in

Future Groups, Generali Groups and IITL Groups liability is restricted to the extent of their shareholding in Future Generali
India Life Insurance Company Limited.

Future Generali India Life Insurance Company Limited (IRDAI Regn. No.: 133) (CIN: U66010MH2006PLC165288).

Regd. and Corp. Ofce: Indiabulls Finance Centre, Tower 3, 6th Floor, Senapati Bapat Marg, Elphinstone Road (W),
Mumbai - 400013. Fax: 022-4097 6600, Email: [email protected]

ARN: FG-L/PD/MKTG/EN/FGAP-002WBR UIN: 133N052V01 Version 1: June 2015

For more details on risk factors, terms and conditions please read sales brochure carefully and/or consult your Advisor
and/or visit our website before concluding a sale. Tax benefits are subject to change. Insurance is the subject matter
of the solicitation.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI claries to the public that:
IRDAI or its ofcials do not involve in activities like sale of any kind of insurance or nancial products nor invest premiums
IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along
with details of phone call, number.