Future Generali Life Child Plan

What is the Future Generali Life Child Plan?

Future Generali offers a key child plan, called the Future Generali Assured Education Plan. It is a guaranteed income plan designed to help you save for your child's future education needs.

Features of Future Generali Life Child Plan

• Guaranteed Education Milestones: Future Generali Assured Child Education Plan guarantees a predetermined sum for specific education milestones like graduation or post-graduation.

• Flexible Premium Payments: You can choose between regular premium payments (monthly or annually) to gradually build up the corpus over time.

• Customizable Payout Options: Various options for receiving guaranteed payouts allow flexibility to decide when funds are needed for your child's education.

• Financial Stability in Case of Demise: In the event of your demise, all future premiums are waived off, and the guaranteed sum assured is provided to your family for financial stability.

• Enhanced Protection with Riders: You can add riders for accidental death and/or accidental total and permanent disability to enhance the plan's protection.

Benefits of Future Generali Life Child Plan

• Financial Security for Your Child's Education: Invest in your child's future with guaranteed payouts at key educational milestones.

• Guaranteed Payouts: Receive 10% of the Sum Assured at ages 18 and 20, and 70% at age 22.

• Death Benefit: In case of demise, all future premiums are waived, and 5% of the Sum Assured is paid annually until your child is 17.

• Flexibility and Customization: Choose premium payment frequency and add optional riders for extra protection.

• Additional Considerations: Tax benefits under Section 10(10D) and Section 80C are provided as per Income Tax Act, 1961.

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List of Future Generali Life Child Plan

Future Generali offers a child life insurance plan called Future Generali Assured Child Education Plan. Let us have a quick overview of the Future Generali Life Child Plan: 

Future Generali Assured Education Plan

The Future Generali Assured Education Plan is a child education plan offered by Future Generali India Life Insurance Company Limited. It is a type of guaranteed income plan that helps you save systematically for your child's future education expenses, like graduation or post-graduation college fees.

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Features of Future Generali Assured Education Plan

• Guaranteed payouts: You can choose from three options to receive guaranteed payouts at different milestones in your child's education. 

• Maturity benefit: You receive a lump sum amount (Sum Assured) at the end of the policy term, as per your chosen payout option.

• Death benefit: In case of your unfortunate demise, the plan provides financial support for your child's education:

  • Immediately pay a guaranteed sum to address your family's immediate needs.

  • Pays out a fixed percentage of the sum assured annually until your child turns 17, helping with ongoing educational expenses.

• Policy term: The policy term is 17 years minus the child's age at the time of purchase. So, the minimum term is 7 years (if the child is 10 years old) and the maximum is 17 years (for a newborn).

• Premium payment: You can choose to pay premiums monthly or annually.

• Riders: You can opt for additional riders like accidental death and accidental total and permanent disability benefits to further strengthen the plan's protection.

In Summary

The Future Generali Assured Education Plan offers peace of mind and financial security for your child's education. With guaranteed payouts, flexibility in premium payments, and optional riders for added protection, this plan ensures that you can confidently invest in your child's future without worrying about financial barriers.