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FILE NAME: FUTURECON BRO PG.AI

CLOSE SIZES: 8.5”X11” INCHES

JOB NO.: 073128


FILE NAME: FUTURECON BRO PG.AI

CLOSE SIZES: 8.5”X11” INCHES

JOB NO.: 073128


FILE NAME: FUTURECON BRO PG.AI

CLOSE SIZES: 8.5”X11” INCHES

JOB NO.: 073128


Investment fund options: FutureConfident provides you the benefit of diverse fund options, which suit your financial objectives depending on your requirements and lifestage. We understand that your financial objectives may vary from attaining potentially higher returns on your investments at one end, to securing your investments and wealth from market fluctuations, on the other. Keeping in mind your diverse requirements, FutureConfident offers you three distinct fund options to choose from; Grow money: This fund option is suitable if your financial objective is earning potentially higher returns on your investments over the long term. The fund primarily invests in a diversified portfolio of equities to achieve long term capital growth. Steady money: This fund option is suitable for you, if your financial objective is earning steady returns on your investments. The fund primarily invests

in

high

quality

fixed

income

and

government securities to earn steady accumulation of income in medium to long term. Save’n’grow money: This fund option is suitable if your financial objective is a balance of capital appreciation and steady income. The fund invests in a mix of equity and debt instruments to achieve a balance between capital growth and steady income.

The benefits of diversity. Choose an appropriate investment fund that meets your financial objectives and risk appetite.

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FILE NAME: FUTURECON BRO PG.AI

CLOSE SIZES: 8.5”X11” INCHES

JOB NO.: 073128


Your benefit of partial withdrawal shall be subject to the following conditions: • The minimum policy fund value after the partial withdrawal should be equal to sum of 120% of one year’s regular premium for FutureConfident and the applicable surrender charges, applicable as per the policy year, in which the withdrawal is made. • In case the Life insured is a minor, the facility of partial withdrawal from this policy can only be availed, once the Life insured has attained the age of 18 years. • For partial withdrawal, cancellation of units shall first be done from the policy fund value corresponding to all the top up premiums paid till then, provided the top up premiums are invested for at least 3 policy years. However, this minimum lock-in-period would not be applicable for top up premiums paid during the last 3 years of the policy benefit period. Benefits of making additional investment: FutureConfident offers you the benefit of making additional investment over and above your regular premium with the help of top up premium facility, only during the policy benefit period, at your convenience.

Additional investments through top up premium help you potentially increase your wealth

This facility is available to you after 3 completed years of the policy. The minimum amount of a single top up is Rs 500. You can make this top up as many times during the policy benefit period as you want. You can invest this top up in any one or more of the investment funds as per your choice. However, the top up investment at any point can be made only if the regular premium is paid in full. Additionally, at any point during the policy benefit period total amount of top up cannot be more than 25% of total regular premium paid till that date. Top up premium has no effect on your sum assured.

Benefit of changing the premium: A long term financial solution should provide you with the flexibility to take care of contingencies. There can be times, when you might want to increase your savings, in view of higher wealth needs of the future, while there can also be other times, when you might need to pay lesser amounts. Keeping this in mind, FutureConfident offers you the benefit of changing your annual regular premium. This facility helps you to match your policy with the financial requirements of your changing lifestages. This facility is available after 2 completed years of the policy and can be effected only on the policy anniversary. A change in premium would automatically change the sum assured in the same proportion.

Withdraw when you need. Invest when you have. Not only do you have the option of investing more, with the facility of top up, you also have the flexibility of withdrawing money from your policy, should a need arise.

9


FILE NAME: FUTURECON BRO PG.AI

CLOSE SIZES: 8.5”X11” INCHES

JOB NO.: 073128


Reinstatement of the policy: You can apply for reinstatement of the lapsed policy within 2 years from the date of the first unpaid premium (“Reinstatement period”). Such reinstatement shall be subject to the following conditions: • •

Satisfactory evidence of insurability of the Life Insured; and Payment in full of an amount equal to all the regular premiums due but unpaid till the effective date of reinstatement.

In case of death of the Life insured during the time allowed for reinstatement of a lapsed policy, the policy fund value will be paid. In case you surrender the policy during the reinstatement period, the policy fund value as on that date net of surrender charge as on the lapse date, shall be payable at the completion of the third policy year or date of surrender, whichever is later. If the policy is not reinstated during this period, the policy will be terminated and the policy fund value as at the expiry of the reinstatement period net of surrender charge (applicable as on the lapse date) shall be payable at the expiry of the third policy year or at the end of the reinstatement period, whichever is later. b. Discontinuance of regular premium after 3 policy years If the due regular premium has been paid for at least first 3 consecutive years, and subsequent regular premiums are unpaid, you may reinstate the policy within 2 years from the date of first unpaid premium. Such reinstatement can be made by paying all the unpaid premiums. During the period allowed for reinstatement, the policy shall continue to be in effect by levying applicable policy charges. At the end of the allowed period for reinstatement, if the policy is not reinstated, the policy shall be terminated by paying the surrender value applicable at that point of time. However, if at any time the policy fund value falls to the level of an amount equal to the sum of one year’s regular premium of FutureConfident and applicable surrender charge or the policy fund value is inadequate for the deduction of the applicable policy charges, whichever is earlier, the policy shall be terminated and the surrender value shall be paid. You are however, entitled to opt for continuing the policy even after the allowed period of reinstatement (which is 2 years from the date of unpaid premium). The applicable policy charges shall be deducted to keep your policy in effect. However, if at any time the policy fund value falls to the level of an amount equal to the sum of one year’s regular premium of FutureConfident and applicable surrender charge or the policy fund value is inadequate for the deduction of the applicable policy charges whichever is earlier, the policy shall be terminated and the surrender value shall be paid.

FutureConfident gives you complete flexibility and control over your hard earned money.

11


FILE NAME: FUTURECON BRO PG.AI

CLOSE SIZES: 8.5”X11” INCHES

JOB NO.: 073128


Parameter Minimum age at entry Maximum age at entry Maximum age at maturity Premium modes Minimum premium

Rider premium Maximum term Minimum top up premium

Eligibility 0 years 60 years 70 years Yearly, half-yearly, quarterly and monthly Rs 10,000 for yearly , Rs 5,000 for half-yearly, Rs 2,500 for quarterly and Rs 834 for monthly premium The sum of all the rider premiums cannot be more than 30% of the base product premium. 70 years less age at entry Rs 500

Tax benefits (based on current tax laws) You will be eligible for tax benefits under section 80C and Section 10 (10D) of the Income Tax Act, 1961. • Under Section 80C, you can save up to Rs 33,600 from your tax each year (calculated on the highest tax bracket) as premiums up to Rs 100,000 are allowed as a deduction from your taxable income. • Under Section 10 (10D), the benefits you receive from this policy are completely tax-free subject to exclusions. • Tax benefits are subject to change in tax laws


FILE NAME: FUTURECON BRO PG.AI

CLOSE SIZES: 8.5”X11” INCHES

JOB NO.: 073128


Future Confident  

A Small description about Future Confident

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