Future Smart Plan (ULIP)
Our Future Smart Plan is a unit linked plan that provides long-term investment opportunity to fulfill various family needs like building a asset or to ensure for a bright future for your child. Its comprehensive insurance cover (Sum Assured on death and Premium Funding benefit on death or disability) ensures that your plan for your family continues unaffected, in any unfortunate event.
- This plan helps you remain at peace knowing that your family's immediate and future financial needs are taken care of even in case of your demise or disability as:
- Sum Assured is paid on deathAll future premiums are funded by the Company as and when due, in case of death or disability (if opted)Fund Value is paid at maturity
At any point of time, the death benefit will not be less than 105% of the total premiums paid by you
Policy Term & Premium Options:
- At the end of the Policy Term, you will receive the Fund Value that you can use to fulfill your dreams for your child.
- Basis your family ?'s needs, you can choose the Policy Term (10/15/20/25yrs). Further, you can also choose a Premium Paying Term from 10 to 20 years to suit your earning capacity.
- Fund Switching: You can switch some or all of your investments from one fund to another, any number of times. The minimum amount that you can switch is Rs. 10,000.
- Premium Redirection: You can modify the allocation of future premiums once in a policy year. The revised allocation proportion will apply to your subsequent premiums.
- Change in Sum Assured: You can increase or decrease your Sum Assured from the 6th policy year, provided all due premiums are paid. This facility is available once every year subject to maximum of 3 times during the Policy Term. There will be no change in your annual premium as a result of change in Sum Assured.
- Partial Withdrawal: You can make partial withdrawal for any unforeseen contingency, from the 6th policy year. The minimum amount that you can withdraw is Rs. 10,000 and the maximum is such that the Fund Value after withdrawal does not fall below 120% of the annual premium.
- Auto Fund Rebalancing: If you wish to maintain allocation of your investments in a specific proportion across funds, irrespective of market movements, you can do so through Auto Funds Rebalancing. Once opted, after every 3 months, it automatically rebalances the allocation of your investments in various funds to the allocation proportions chosen by you.
- Safety Switch Option: As your policy nears maturity, you may want to avoid market movements and safeguard your funds. The Safety Switch Option enables you to move your funds systematically to a relatively low risk Liquid Fund in the last four policy years.