Future Generali India Life Insurance launches Easy Invest Online Plan




·         An online ULIP that is very cost effective less and helps build bigger corpus for your medium to long term goals.

·         Hassle free purchase process, choice of 5 funds, benefits like partial withdrawals, switches makes buying and managing investments easy for the customers.


Future Generali India Life Insurance launches Easy Invest Online Plan


Bangalore, 05 May 2016: Future Generali India Life Insurance Company Limited (FGILI) today announced the launch of its second online product – Future Generali Easy Invest Online Plan, a unique online unit linked insurance plan which is extremely easy to purchase online, and offers a wide range of investment options and loyalty additions, thereby encouraging long term market linked savings for policyholders. The product is ideally suited for the online savvy investor who is looking for ease of purchase and a range of investment options. The product is offered online only and can be purchased across the country.

In this product, one can start investing with a minimum premium of Rs 4,000 per month and systematically create wealth over a period of 10-20 years. This is a low cost plan with loyalty additions to enhance returns in the last five years of the policy. The product offers a choice of 5 funds for investment keeping in mind the market outlook, time horizon, and most importantly customer needs. These funds are segregated into equity, fixed income and money market investments in line with their risk profile.

This plan can be easily bought online by answering few basic questions. It will help the customer to meet their financial goals of wealth accumulation like building a retirement corpus, saving for child’s education or marriage, etc. This plan offers competitive returns as compared to other available investment options in the market.


Eligibility
Entry Age (as on last birthday)
Minimum: 0 years
Maximum: 50 years
Maturity Age
Minimum: 18 years
Maximum: 70 years
Premium to be paid
Minimum: Annual Mode: Rs.40,000
                      Monthly Mode: Rs.4,000
Maximum: No limit
Policy Term
10 to 20 years
Premium Payment Term
Same as Policy Term
Sum Assured
Sum Assured = 10 x Annual Premium
Premium Payment Frequency
Annual/Monthly. Monthly premiums can only be paid by Auto Pay System. Auto Pay methods of payment are available in all premium modes.


On the occasion of the launch, Mr. Munish Sharda, Managing Director & CEO, Future Generali Life Insurance said, “We are extremely delighted to bring to our customer a new online unit linked plan which will provide a simplified buying experience for our customers and will offer better value with more benefits. We truly believe that such products will transform the way life insurance cum savings plans are bought in our country. In line with our focus on customer centricity, we have launched the Future Generali Easy Invest Online plan which will pass on all benefits of investment and insurance to our customers thereby enabling them to become smart investors.”

GENERALI GROUP

The Generali Group is one of the largest global insurance providers with 2014 total premium income exceeding €70 billion. With 78,000 employees worldwide serving 72 million insured persons in more than 60 countries, the Group occupies a leadership position on West European markets and an increasingly important place on markets in Central Eastern Europe and Asia. In Asia, the Group operates in 10 markets: China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, Thailand and Vietnam. Generali ranked among the world’s 50 smartest companies in 2015 according to the MIT Technology Review. Generali is the only insurer to be listed.

Future Group

Future Group operates some of India’s most popular retail chains including Central, Big Bazaar, Food Bazaar, Home Town and eZone. Apart from its allied businesses in Life and General insurance, the Group is also present in the domain of logistics infrastructure and supply chain and brand development. The group operates over 17 million square feet of retail space in over 90 cities and towns and 60 rural locations across India. The group’s retail formats connect over 300 million customers to over 30,000 small, medium and large enterprises that supply products and services to its retail chains. Future Group believes in developing strong insights on Indian consumers and building businesses based on Indian ideas, as espoused in the group’s core value of ‘Indianness.’ The group’s corporate credo is, ‘Rewrite rules, Retain values’.