Future Generali, the Insurance venture of Future Group of India and Generali Group of Italy has launched two retirement plans Future Pension plan and Future Pension Advantage plan (ULIP).

These innovative plans are based on a clear customer understanding and are aligned to a rapidly growing product segment - fueled by an increasing awareness among the Indian middle class working segment that retirement planning is no longer a luxury but a prudent investment plan.

Innovative Features:

Future Pension plan:

· Additional premium contribution option, which can be made even on a lapsed policy.

Future Pension Advantage plan

· 40 – 80 yr age band. The widest band to select retirement age in the industry.

Providing flexibility to the customer

· Minimum deferment period – 2 years (single premium option).

Mr Jayant Khosla, CEO & MD, Future Generali India Life Insurance Company said:

“We are delighted to launch the retirement initiative of Future Generali by launching the Future pension plan and the Future Pension Advantage plan. Both these plans offer distinct and relevant advantages to customers in line with their needs & aspirations.

The launch of these innovative products strengthens our growing portfolio and our unique ability as India’s first Integrated Insurance Provider, to offer Total Insurance Solutions catering to the requirements of an ever-evolving Indian consumer.”

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Future Generali is a joint venture between India-based Future Group and Italy based Generali Group.

The Generali Group is one of the most significant participants in the global insurance and financial products market. It is ranked among the world’s top five insurance companies. The Group’s Parent and principal operating Company is Assicurazioni Generali, market leader in Italy, founded in 1831 in Trieste. Characterised from the outset by a strong international outlook and now present in 40 countries, Assicurazioni Generali has consolidated its position among the world’s leading insurance operators. In the last decade, the Group has widened its product offerings from only insurance to include the entire range of financial and real estate services, asset management.

Future Group is India’s leading consumer-focused business group with presence in retail, consumer finance, capital and investment advisory, insurance, media, brand development and logistics. The group’s retail presence extends to over 61 cities and 65 rural locations across the country.

Future Generali is present in India in both the Life and Non-Life businesses as Future Generali India Life Insurance Co. Ltd. and Future Generali India Insurance Co. Ltd.