Future Generali India Life Insurance, part of Future Group, has launched Future Anand that offers combination benefit endowment cum whole life plan. The policy also offers choice of short term and long-term payment terms ranging between 8 to 20 years. It offers death benefit which means if policy holder dies after premium paying term the company will pay 125% of sum assured, plus terminal bonuses, if any.
The policy also has a special feature called Premium Holiday “Auto Cover” wherein one can choose not to pay premium after three years for up to 2 years while the life cover continues. Future Anand can be availed by persons aged 12-62 years, at a minimum sum assured of Rs 1 lakh per policy.
Future Generali is currently active through 93 branches across 84 cities and over 25000 licensed advisors. Besides this large network of agents & branches, Future Generali will also actively offer their Insurance solutions across 192 Future Group malls. In FY 2008-09, the company earned a premium income of Rs 155 crore.