Mumbai, April 23, 2009

Future Generali India Life Insurance Co. Ltd, the joint venture between the Future Group of India and Generali Group of Italy on Thursday launched Future Child Benefit Plan. The plan is designed to support the ambitious career dreams of a child thereby providing money at ‘the right time’ in the most critical stages in life. It further aims at providing the much-needed financial security in the child’s future.

Future Child Benefit Plan is a fixed benefit plan which takes care of the child’s future and offers two options to receive money back payouts at regular intervals i.e. Future Child Benefit Plan Option @ 21 and Future Child Benefit Plan Option @ 23.The maturity payments (money back) can coincide with the significant milestones in the child’s education / career like schooling, graduation and post graduation.

The plan also offers an inbuilt waiver of premium in the event of the unfortunate death or accidental total permanent disability of the parent that ensures the continuity of the plan taking care of all future premiums so that the cash flows are intact to realize the career dreams of children.

Speaking on the occasion Jayant Khosla the CEO of Future Generali India Life Insurance Co. Ltd. said: “The launch of the Future Child Benefit Plan is in keeping with our objective of providing Total Insurance Solution to customers at every stage of their life. With spiralling education costs combined with the growing uncertainty in the economic sphere, the need for a planned education corpus has never been more pronounced.
Our existing basket offers a choice of plans depending on each individual need and premium paying ability and we will keep expanding our portfolio to bring more and better products that are simple while providing flexibility in helping customers manage their investments.”

Future Generali Insurance has adopted a unique business model offering Total Insurance Solutions, across Life & General Insurance, wherein all the insurance needs of customers can be serviced through every touch point of the company. Future Generali also sells insurance through their unique Mallassurance™ channel, providing select Insurance options of Life and General Insurance through Future Group retail outlets across the country.

Future Generali is currently active through 100 offices across 80 cities and over 25000 licensed advisors. Besides this large network of agents & branches, Future Generali actively offers their Insurance solutions across 250 Future Group retail outlets in India.

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