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The policyholder has to fill up an `Application form with identity proof, bank account proof, address proof and a recent photograph. Select cases may require income proof and a medical examination.

The Survival Benefit of this policy is paid as five yearly payouts equal to 10% of the Sum Assured. The Survival Benefit begins at the end of the last premium payment year. At the end of the policy term when the policy matures, the policyholder receives a lump sum that is equal to 50% of the Sum Assured plus any declared Compound Reversionary bonus and Terminal Bonus if any. This lump sum is the Maturity Benefit. There is an Extended Cover Benefit, through which, if the policyholder reaches the age of 80, he or she will receive a lump sum payment of 100% of the Sum Assured. If the policyholder passes away after the policy has matured but before they have turned 80 years of age, the nominee receives 100% of the Sum Assured. In the unfortunate event of the demise of the person insured, the nominee receives the Death Benefit. The Death Benefits payable is higher of the following: The Death Sum Assured plus the accrued Compound Reversionary Bonus and Terminal Bonus (if any), or 105% of the total premiums paid. This policy offers the advantage of compound reversionary bonuses that are paid on maturity of the policy or as part of the Death Benefit. Tax benefits are available on the premium paid and Death and Maturity Benefits as per sections 80(C) and 10 (10D) of the Income Tax Act.

Details About Premium Policy Details Grace Period: There is a limited timeframe of 30 days from the due date of the unpaid premium to pay all dues, without interest. For premium payments through monthly mode, the Grace Period is 15 days. If due premiums of the first three years are not paid within the Grace Period, the policy will lapse. Policy Termination or Surrender Benefit: Surrender Value of the policy is acquired when the policyholder pays all due premiums for the first three years. After three years, the policy may be surrendered and the Surrender Value will be paid immediately. Termination of the policy occurs on payment of the Surrender Value or the Death Benefit. If premiums have not been paid for the first two years and the policy is not get reinstated by the policyholder, then the policy will automatically get terminated. Free Look Period: Policyholders have a limited free look period of 15 days from the date of receiving policy documents to review the policy. This timeframe is extended to thirty days if the policy was sold via distance marketing. If the policyholder does not wish to continue with the policy, then he or she has to return the policy stating their objections. The customer will receive the policy premium minus a proportionate premium for the risk borne by the company, including as any extra expenses, such as towards a medical examination or stamp duty charges. Inclusions Once the policy has acquired Surrender Value, a policy loan may be taken, provided it does not exceed 85% of the Surrender Value. Provided all due premiums have been paid, Future Generali will declare a compound reversionary bonus starting from the first year, which will be applied as a percentage of the Sum Assured and all previous bonuses that may have been declared. Reversionary Bonus and Terminal Bonus is payable on death or maturity. Additional Features or Riders The mode of payment may be changed during the policy term if the policyholder provides a written request to the Company stating valid reasons for the change. The revival of a lapsed policy is possible if the policyholder submits a written request for reinstatement within a timeframe of two years from the date of the first unpaid premium. Exclusions The term insurance cover is void if the person insured, whether sane or insane at the time, commits suicide within one year from the start of the policy cover or reinstatement. The company will refund only 80% of the premiums paid and Surrender Value, as Death Benefit.

Introduction/Overview With the Triple Anand Advantage plan, policyholders receive a dual benefit of protection and long-term savings. Not only does this policy offer Maturity and Death benefits, it also offers Survival Benefits wherein policyholders receive payouts annually for five years. Policyholders also receive an enhanced life cover past the age of eighty. This is an ideal plan for those looking to secure their finances and their loved ones future over a lengthy period of time. Key Features With this policy, policyholders enjoy an extended life cover of 80 years plus. Policyholders have a choice of two limited premium payment terms of 15 and 20 years, while they receive insurance cover for five years after the premium payment term. Policyholders receive a fixed amount of money annually for five years after the premium payment term plus a lump sum payout on the maturity of the policy. On turning 80 years of age, the policyholder receives another lump sum payout. The bonuses available accrue throughout the policy term and help generate more wealth for the policyholder. Policyholders enjoy a high insurance cover as the minimum Sum Assured is two lakhs and there is no limit on the maximum Sum Assured.