April 26, 2014 10:42 am
I had taken a plan in future generali of premium 15000 per year for the term 15 years. I have paid 4 premiums but now I am worried. Should I continue or stop and withdraw my investment.
Dear Rameshwar, in the above plan, the insurance is on your d’ter’s life. Commencement date means – from 2015, 27th july, the insurance for your d’ter who is still a minor ‘ll start. In simple words if your d’ter’s death happens before 27th july 2015, you ‘ll not get sum assured of 220000 Rs. but in case death happens after 27th July 2015, you ‘ll also get sum assured.
Now do tell me – on whose life the insurance should be there? Your life or your d’ter’s life?
plan is Future Assure (Basic Policy) product code 133N001V01
Sum assured 220,000/-
in the name of my daughter who was 5 years at the time of policy commencement
Premium Rs 15022/- annualy , term 15 yrs
policy commecement date 27/07/2010
risk commencement date 27/07/2015
what does this risk commencement date mean?
Should I continue with the policy or should I withdraw. Is this company Future generali India authentic .
Dear Rameshwar, where are the details of the plan?
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