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Get incredibly high sums and low premiums on your life insurance today

Future Generali Life Insurance

Future Generali Life Insurance Company one of the highly established insurance companies not only in India but also beyond. The company offers a handful of policies in regards to life insurance, hence the need to give it a trial.

Future Generali has sourced over 12 lakh policies since inception

The company operates in 75 locations across India which makes it able to reach out to a large audience in need of life insurance. All products presented by this company are easy to understand and offers clients easy and friendly time when seeking assistance.

Benefits of Buying Future Generali Life Insurance

Over the years, Future Generali Life Insurance Company has been very keen in ensuring that customers leap enough benefits and that their security is assured. The prime benefits of buying life insurance from this company include:

  • Simplified Claim Procedure- No doubt that most people worry about the duration it will take for their claim on insurance to materialize. Future Generali Life Insurance Company provides clients with the friendliest yet easy claim process. No time to waste.

  • Close Connection with Clients- With 75 points of operation in India, Future Generali ensures a strong connection with clients. This means that any need can be easily addressed from your nearest operation point of the company.

  • Variety of Plans and Offers- The company provides prospective and existing customers a wide range of plans to choose from. This is in regards to the varying needs and requirements of individuals.

  • Flexibility- The company provides flexible and friendly terms to customers. The manner in which premiums are paid is flexible enough. Additionally, assorted plans featured in the company offer ample room for customer flexibility.

  • Assured Security and Authenticity- The company is among the most trusted insurance companies in India. This grants clients the sense of security. You are assured maximum security for your funds.

  • Operation Round The Clock- The company provides its services round the clock. You can opt to appear in the company in person. You can also opt to make a call and have your problem addressed. Alternatively, you can get the services that you need in the Future Generali Life Insurance Company’s online portal. You are at liberty to choose the friendliest way of connecting with the company.

Types of Future Generali Life Insurance

One of the strong points of Future Generali Life Insurance Company is the many plans it offers clients. The company has been introducing new plans often. The old ones still exist. The bottom line is that the wings of Future Generali Life Insurance Company keep spreading hence offering ample coverage to all. Among the plans that you might be interested in include:

Future Generali Investment Plan

Future Generali provides you a wide range of investment plans to meet your needs related to savings as well as protection.

Future Generali Assure Plus

  • Death benefit: Higher of Death Sum Assured plus Accrued Bonuses and Terminal Bonus (if any) or 105% of the total premium paid till date of death.
  • Maturity benefit: If the policyholder outlives the policy period, provided he has made payment of all the premiums, the sum assured along with the accrued bonuses and terminal bonus would be payable, post which the policy would terminate on the maturity benefit payment.
  • Age at Entry
    3 to 55 years
    Age at Maturity
    18 to 70 years
    Policy Term
    15/20/25 years
    Minimum Premium
    12,000/- per annum
    Minimum Sum Assured
    1 Lakh
    Maximum Sum Assured
    5 Crore
    Premium Payment Term(PPT):
    • PPT: 7/ 10/ 12 for 15 years Policy Term
    • PPT: 10/ 12/ 15/ 17 for a 20 year Policy Term
    • PPT: 12/ 15/ 17/ 20 for a 25 year Policy Term

    Future Generali Triple Anand Advantage

  • Money back: This policy offers a fixed amount for 5 consecutive years post finishing all your premium payments. 10% of Sum Assured every year for 5 years.
  • Lump sum payout: This plan offers 50% of the sum assured along with the compounded reversionary bonuses (if any) + terminal bonus (if any)
  • Life cover till 80 years of age: This plan offers another amount in lumpsum once you turn 80 years.
  • Survival benefit: On completion of the premium payment duration, you will receive 5 yearly payouts which is equal to 10% of the sum assured amount known as the survival benefit.
  • Parameter Criterion
    Entry Age (as on last Birthday) 7 to 50 years - Please note, we will undertake the risk on your policy from the policy commencement date.
    Maturity Age 27 years – 75 years
    Policy Term Premium Payment Term + 5 years
    Premium Payment Term 15 or 20 years
    Minimum Sum Assured 2,00,000
    Premium Payment Frequency Annual, Semi-Annual and Monthly.
    Premium Minimum - 15,000 : Maximum - No limit

    Future Generali New Saral Anand

  • Maturity benefit: Offers a lump sum amount on maturity of the plan which includes the compounded reversionary bonuses (if any), plus sum assured plus terminal bonuses (if any).
  • Life cover extension: This plan offers extended life cover benefit by offering a lump sum amount that equals to the sum assured when you celebrate your 100th birthday!
  • Death benefit: This plan offers death benefit to your nominee in case of your death. This death benefit should be higher of either 105% of the total premiums paid till death or death sum assured + accrued compounded reversionary bonuses (if any) plus terminal bonuses (if any)
  • Riders: This plan offer two riders at an additional premium to enhance your base policy. These are Future Generali Non linked Accidental Death Rider and Future Generali Non Linked Accidental Total & Permanent Disability Rider.
  • Parameter Criterion
    Entry Age (as on last Birthday) 3 years – 50 years
    Maturity Age (as on last Birthday) 18 years - 70 years
    Policy Term 15 to 20 years
    Premium Payment Term Equal to Policy Term (Regular Premium Payment)
    Sum Assured Minimum – 1,00,000 : Maximum – No Limit
    Premium Payment Frequency Annual
    Premium amount Minimum Premium- 8,000 subject to Minimum SA of 1,00,000 : Maximum Premium- No Limit

    Future Generali Pearls Guarantee

  • Death Benefit: Higher of 120% of Sum Assured or 10 times Annualized Premium or 105% of total premium paid till date of death
  • Survival/Maturity benefit: If you survive the policy term, guaranteed cash backs in the form of 10% of sum assured would be paid, post completion of the premium payment term till the maturity date. This is applicable only if you have made all the premium payment.
  • Age at Entry Age at Maturity Minimum Premium Policy Term = Premium Payment Term + 6 Years
    7 to 55 years 23 to 73 years 10,000/- per annum
    • 18 years Policy Term has 12 years premium payment term
    • 16 years Policy Term has 10 years premium payment term

    Future Generali Assured Income Plan

  • Death benefits: Offers 17.5 to 34.5 times the annualised premium. However, the amount would be paid the highest of either 10 times the yearly premium or 105% of the total premiums paid or the maturity sum assured.
  • Additional benefits: This plan offers guaranteed income as well as additional benefits of 4.5 times your annualised premium, along with the last payout that would solely depend on your age.
  • Free look cancellation: This plan offers you a free-look period of 15 days in case you aren’t too happy with the terms and conditions of the policy period and wish to cancel one. However, if you have purchased this plan through distant marketing modes, the free-look period would last 30 days.
  • Parameters Criterion
    Entry Age (as on last birthday)
    • 7 to 50 years for 11 year term
    • 5 to 50 years for 15 year term
    • Age means your age as on your last birthday
    • For a minor Life Assured, the risk will commence immediately on the policy commencement date.
    Maturity Age 18 to 65 years
    Policy Term 11 years or 15 years
    Premium Payment Term
    • 11 years for a policy term of 11 years
    • 15 years for a policy term of 15 years
    Premium(minimum)
      Annual Premium Payment Mode:-
    • For a 11 year term : Rs 35,000 for age 7 to 50 years.
    • For a 15 year term : Rs 35,000 for age 5 to 44 years &
    • Rs 75,000 for age 45 to 50 years
    • Monthly Premium Payment Mode:-
    • For a 11 year term : Rs 3,091 for age 7 to 50 years.
    • For a 15 year term : Rs 3,091 for age 5 to 44 years &
    • Rs 6,623 for age 45 to 50 years
    Sum Assured Multiple of Annualised Premium (Excluding taxes, modal premium and extra premium, if any)
    Entry Age Policy Term - 11 years Policy Term - 15 years
    5 to 6 NA 34.5
    7 to 17 21.0 34.5
    18 to 30 20.5 34.0
    31 to 35 20.0 33.5
    36 to 40 19.5 33.0
    41 to 45 19.0 32.5
    46 to 50 17.5 31.0
    Premium Payment Frequency Annual/ Monthly
    Payout Term Annual Premium Payment Mode:- For a 11 year policy term : Payout term is 11 years, & For a 15 year policy term : Payout term is 15 years
    Additional Benefits Benefits are paid along with the last payout.
    Entry Age Multiple of Annualised Premium (Excluding taxes, modal premium and extra premium, if any)
    5 to 6 4.5 (not applicable for a 11-year Policy)
    7 to 17 4.5
    18 to 30 4.0
    31 to 35 3.5
    36 to 40 3.0
    41 to 45 2.5
    46 to 50 1.0

    Future Generali Saral Bima

  • Death benefit: Offers death benefit higher of the sum assured or 10 times of the yearly premium or 105% of the total premiums that were paid till death.
  • Maturity: Offers sum assured amount once the policy term comes to an end.
  • Riders: This plan offer two riders at an additional premium to enhance your base policy. These are Future Generali Non linked Accidental Death Rider and Future Generali Non Linked Accidental Total & Permanent Disability Rider.
  • Age at Entry Age at Maturity Minimum Premium Maximum Sum Assured Policy Term (PT) Premium Payment Term
    7 to 55 years 18 to 70 years Rs. 9,000/-per annum Rs. 5 Crores 10 to 20 years Equal to the Policy Term

    Future Generali Group Term Investment Life Insurance Plan

  • Death benefit: This plan offers a death benefit in case of death of the employee or a member during the policy period. It pays the sum assured to the nominee in case of an event.
  • Maturity benefit: This plan doesn’t offer any maturity benefit
  • Surrender benefit: This plan doesn’t offer any surrender benefit
  • Riders: You can buy the mentioned riders at an additional premium:
  • - Future Generali Group Accident and Sickness Total Permanent Disability Rider - Future Generali Group Accelerated Terminal Illness Rider - Future Generali Group Accidental Total Permanent Disability Rider - Future Generali Group Core Critical Illness Accelerated Rider - Future Generali Group Accidental Death Rider - Future Generali Group Extended Critical Illness Accelerated Rider - Future Generali Group Core Critical Illness Rider - Future Generali Group Extended Critical Illness Rider - Future Generali Group Accidental Partial Permanent Disability Rider

Future Generali Ulip Plan

Future Generali’s ULIP Plans offer the advantage of market-linked returns with the provision of life cover. These plans are designed to offer wealth-building solutions that would help you in fulfilling your medium or long-term financial goals.

Future Generali Pramukh Nivesh Ulip

  • Death Benefit: The Fund Value and Sum Assured is paid to his/ her nominee
  • Surrender benefit: You can surrender your Future Generali Pramukh Nivesh ULIP post completion of 5 years to get surrender benefits minus any charges.
  • Maturity benefit: On the maturity of the Future Generali Pramukh Nivesh ULIP, the fund value is paid.
  • - **Minimum-Maximum Age at Entry:** Minimum: 7 years (as on last birthday) Maximum: 70 years (as on last birthday) - **Minimum Age at Maturity:** Minimum: 18 years (as on last birthday) Maximum: 75 years (as on last birthday) - **Premium Paying Frequency:** Single Premium Only - **Policy Term: Minimum :** 5 years Maximum: 20 years - **Sum Assured:** - Age at Entry: 7 to 49 years, 50 to 54 years, 55 to 70 years - Minimum: 1.25, 1.25, 1.25 - Maximum: 5, 3, 1.25 - **Minimum/ Maximum Premium:** Minimum Single Premium: 50,000/- Maximum Single Premium: No Limit

    Future Generali Wealth Protect Plan

    • Maturity benefit: Offers fund value as well as the guaranteed loyalty addition. Offers 5% of the annualised premium of the first year as guaranteed loyalty addition in the gold plan option and 7.5% of the annualized premium of the first year as guaranteed loyalty addition, in case of platinum plan.
    • Death benefit: In case of the death of the policyholder during the term of the policy, this plan pays the nominee either the fund value, 105% of the total premiums paid till date or the sum assured minus the deductible partial withdrawals, which is higher.
    • Surrender benefit: The Future Generali Wealth Protect Plan offers the surrender benefit by paying the fund value minus the discontinuance charges (if any) after 5 policy years.
    • Premium payment term: This plan offers regular premium payment throughout the policy term.
    • Free look period: This plan offers you a free-look period of 15 days in case you aren’t too happy with the terms and conditions of the policy period and wish to cancel one. However, if you have purchased this plan through distant marketing modes, the free-look period would be 30 days.
    - **Minimum - Maximum Age at Entry:** Minimum: 7 years (as on last birthday) Maximum: 60 years (as on last birthday) - **Minimum - Maximum Age at Maturity:** Minimum: 22 years (as on last birthday) Maximum: 75 years (as on last birthday) - **Premium Modes:** Gold Annual Premium =25,000/- Yearly/ Half-Yearly mode = Platinum Annual Premium > 25,000/- Yearly/ Half-Yearly/ Quarterly/ Monthly (ECS) mode - **Policy Term:** 15 to 40 years - **Premium Paying Term:** Equal to Policy Term - **Sum Assured:** - Minimum Sum Assured - For ages < 45: Half the Policy Term or 10, whichever is higher the number of times of annualised premium - For age >= 45: 0.25 times the Policy Term or 7, whichever is higher the number of times of annualised premium - Maximum Sum Assured - Age at Entry (in years) 7 to 44, 45 to 50, 51 to 55, 56 to 60 / Maximum Multiple 30, 20, 15, 10 - **Minimum Premium:** Gold (Annual Premium = 25,000/-) Platinum (Annual Premium > 25,000/-) - **Maximum Premium:** Gold Option = 25,000/- The maximum annualised premium that can be opted for under the Platinum Option is 200,000/-

    Future Generali Bima Advantage Plus

  • Death Benefit: Higher of Sum Assured less withdrawals or Fund Value or 105% of premium paid till date of death
  • Maturity Benefit: Fund Value at maturity
  • It offers you six different fund options between debt, equity and balanced assets to suit your varying risk profile.
  • Rider: Under this plan, you can opt for a Future Generali Accidental Death Benefit Rider or Future Generali Linked Accidental Total & Permanent Disability Rider to enhance your base policy.
  • - **Age at Entry(as on last birthday):** 7 to 65 years - **Age at Maturity (as on last birthday):** 18 to 75 years - **Policy Term:** 10 to 30 years - **Premium Paying Term:** Same as Policy Term - **Sum Assured:** - Minimum Sum Assured - Age < 45 years: Maximum (10, 0.5 x Policy Term) x Annual Premium Age >= 45 years: Maximum (7, 0.25 x Policy Term) x Annual Premium - Maximum Sum Assured (as a multiple of Annual Premium) - Age 7 to 44 years, 45 to 54 years, 55 to 65 years, Maximum Multiple 25, 15, Same as Minimum Sum Assured - **Annual Premium:** Minimum: 20,000/- Maximum: No limit, subject to underwriting - **Premium Payment Mode:** Yearly, Half Yearly, Quarterly and Monthly

    Future Generali Dhan Vridhi

  • Death Benefit: Higher of Sum Assured less withdrawals or Fund Value or 105% of premium paid till date of death
  • Maturity Benefit: Fund Value at maturity
  • Surrender benefit: The Future Generali Dhan Vridhi plan offers surrender value which is fund value minus the discontinuance charge (if any).
  • Riders: You can opt for a Future Generali Linked Accidental Death Rider to enhance your base policy at an additional premium.
    • Minimum/ Maximum Age at Entry: For PPT of 5 years = 8 to 50 years (as on last birthday) Other PPTs = 8 to 60 years (as on last birthday) (PPT is Premium Paying Term)
    • Minimum/ Maximum Age at Maturity: 18 to 70 years (as on last birthday)
    • Premium Paying Frequency: Yearly, Half Yearly, Quarterly and Monthly
    • Premium Paying Term and Policy Term: Fixed Policy Term 10 years, 15 years, 20 years / Available Premium Payment Term 5 years/ 7 years, 10 years/ 12 years, 15 years/ 17 years
    • Minimum/ Maximum Sum Assured: Minimum and Maximum Sum Assured is as under: Age < 45 years: Maximum (10, 0.5 x Policy Term) x Annual Premium Age >= 45 years: Maximum (7, 0.25 x Policy Term) x Annual Premium
    • Premium: Minimum = 20,000/- Maximum = No Limit, subject to underwriting

    Future Generali Bima Gain

  • Death benefit: In case of death of the policyholder during the term of the policy, this plan pays the nominee the fund value as well as the sum assured. This amount however, cannot be less than 105% of the total premiums paid till date.
  • Maturity benefit: The maturity amount would be the fund value as on date of the maturity.
  • Surrender benefit: This policy doesn’t offer any surrender benefit in the first 5 years of the policy. You can however get the surrender benefit only post completion of 5 years, and that too without any charges.
  • Premium payment: The premium payment should be made in lump sum
    • Age at Entry 8 to 65 years
    • Age at Maturity 18 to 75 years
    • Policy Term 10 years
    • Premium Range (Minimum to Maximum) Minimum: 50,000/- Maximum: 20 lakhs
    • Sum Assured Range (Minimum To Maximum) :
      - Ages 8 to 47 years: 1.25 to 10 times the premium paid
      - Ages 48 to 65 years: 1.25 times the premium paid
      

    Future Generali Term Insurance

    Future Generali offers term insurance plans at an affordable premium which offers financial security to your family members in case of death, disability or accidental death.

    Future Generali Care Plus

    • Surrender benefit: This plan doesn’t offer any surrender benefit.
    • Rider: You can enhance your Future Generali Care plus term plan by adding a non-linked accidental death rider at an additional premium.
    • Free look cancellation: This plan offers you a free-look period of 15 days in case you aren’t too happy with the terms and conditions of the policy period. However, if you have purchased this plan through distant marketing modes, the free-look period would be 30 days.

    Future Generali Care Plus (Classic Option)

    • Minimum - Maximum Age at Entry - 18 to 65 years
    • Minimum - Maximum Policy Term 5 years - to Age 85 Max Policy Term = (85 - min. age at entry) = 67 yrs.
    • Maximum Coverage Age85 years
    • Minimum Premium 2,500/- per annum
    • Minimum Sum Assured 10,00,000/-
    • Maximum Sum Assured 24,99,999/-
    • Premium Modes Yearly/ Half-Yearly/ Monthly (ECS only)

    Future Generali Care Plus (Premier Option)

    • Minimum - Maximum Age at Entry - 18 to 65 Years
    • Minimum - Maximum Policy Term - 5 years - to Age 85 Max Policy Term = (85 - min. age at entry) = 67 yrs.
    • Maximum Coverage Age 85 years
    • Minimum Premium 5,000/- per annum
    • Minimum Sum Assured 25,00,000/-

    • Maximum Sum Assured - No Limit

    • Premium Modes Yearly/ Half Yearly/ Monthly (ECS only)

    Future Generali Flexi Online Term Planh

    • Income protection: This plan provides a monthly income benefit to your nominees in case of your demise, till the time you would have turned either 60 years of age, or up to 10 years, whichever is higher.
    • Longer protection: This plan provides a life cover till 75 years of age.
    • High sum assured discount: If you opt for a high sum assured discount, you can avail discount in premium rate.
    • Free-look period: This plan offers you a free-look period of 15 days in case you aren’t too happy with the terms and conditions of the policy period and wish to cancel one. However, if you have purchased this plan through distant marketing modes, the free-look period would be 30 days.
    • Maturity benefits: This plan doesn’t offer any maturity benefit.
    • Tax benefits: The Future Generali Flexi Online Term Plan offers a tax benefit under Section(s) 80C, 80 CCC (1), 80D, 10(10D) as applicable.
    • Rider: Under this plan, you can opt for a Future Generali Accidental Death Benefit Rider to enhance your base policy at an extra premium.
    • Revival period: If you missed to make the premium payment during the grace period, you can revive the said policy within a period of two years from the actual due date of the first unpaid premium

    Future Generali Pension Plan

    The retirement plans offered by Future Generali help you lead your retired life in a relaxed, comfortable and a financially secured way.

    Future Generali Immediate Annuity Plan

    • Life annuity: Offers a fixed annuity for your retirement life. The policy would terminate in case of your death.
    • Life annuity along with return of purchase price: This plan offers a fixed amount of annuity for your retirement life. In case of your demise, your beneficiary will be paid the purchase price and then the policy terminates.
    • Surrender/ Maturity benefits: This plan doesn’t offer any surrender or maturity benefit
    • Free look cancellation: This plan offers you a free-look period of 15 days in case you aren’t too happy with the terms and conditions of the policy period and wish to cancel one. However, if you have purchased this plan through distant marketing modes, the free-look period would last 30 days.
    • Variants Offered : Life Annuity/Life Annuity With Return of Purchase Price
    • Options For Receiving Annuity Amount : Direct Credit to Annuity Card Or Post Dated Cheques
    • Purchase Price : Minimum:30,000/- Maximum: No Limit
    • Age at Entry : 40 to 80 years
    • Policy Term : Till the Policyholder/Annuitant is Alive
    • Annuity Mode : Yearly/Monthly

    Future Generali Pension Guarantee

    • Maturity amount: This plan offers sum assured + accrued compounded (if any) + reversionary bonuses (if any)
    • Annuity benefit: Offers vesting amount which can be then utilized for buying immediate annuity plan.
    • Death benefit: This plan offers death benefit which is the sum of all the premiums paid along with the accrued compounded reversionary bonuses (if any) with a minimum guarantee of 105% of the total premiums paid till date.
    • Riders: This plan offers riders such as Future Generali Non linked Accidental Death Rider and Future Generali Non Linked Accidental Total & Permanent Disability Rider at an additional premium.

    Future Generali Child Plan

    It is essential that you have a sound financial back-up when it comes to giving your child the best of education. Future Generali brings you child plans that will offer your child the correct platform to achieve their dreams and meet their future requirement.

    Exclusions of Future Generali Life Insurance

    The company shall nullify the validity of the insurance cover in instances of:

    • Intentional Death- Death as a result suicide is not considered natural hence not valid for compensation within the first policy year.

    • Breach of Contract - In case the terms and conditions of the company are violated, the contract may not be considered valid.

    Claim Process of Future Generali Life Insurance Company

    Future Generali Life Insurance Company does not prompt a long process of placing a claim. In just 3 steps, you will be able to process your claim:

    • Step 1: Intimation

    This is where you are required to fill a claim form and attach all the required documents including death certificate(in case of death of the insured), medical certificate, and account details. The form should be submitted to the closest branch for the purpose of launching the claim formally.

    • Step 2: Processing

    Upon submission of the required documents, the claim process begins immediately. There may be communication between the claimant and the company during the process for the sake of clarification.

    • Step 3: Decision

    This is the final stage where the company takes the mandate of deciding if the claim is valid or not. Direct credit to the claimants account is made upon confirmation that the claim is valid.

    For further assistance here are the contact details of the company:

    Email: fgcare@futuregenerali.in

    Contact number: 1800 220 233 1860 500 3333 022 67837800

    Review of Future Generali Life Insurance Company

    The claim settlement ratio of Future Generali Life Insurance Company stands at approximately 93.11% for the year 2017-18. The parent company under has managed to pull over IR 1,507 Crore. The investment team under the company has the privilege of managing assets worth Rs 2,800 Crore. This is an indicator that the company is strong enough to facilitate the needs of individuals, as far as insurance is concerned.

    FAQs on Future Generali Life Insurance Company

    Who Should Enjoy Claim Benefit?

    The beneficiary or the nominee as stated in the company’s contract is the only person entitled to claim benefits. Beneficiaries vary from proposer to assignee, to life assured.

    How Can I Get More Benefits From Future Generali Life Insurance Company?

    It is simple. The higher the value of sum insured, the higher the prospective benefits.

    How Can I Ensure That My beneficiaries Get The Claim?

    It begins with making regular premium payments. Aside from that, you must ensure that personal details are updated and that they are correct.

    What Are The Modes of Investment Recommended By The Company?

    Among the recommended modes of investment include; mutual funds, ULIP funds, direct trading, and portfolio management schemes.

    How Long Does It Take For a Policy To Mature?

    It depends on the policy chosen. Each policy at Future Generali Life Insurance Company has its own specifications in terms of maturation duration.

    What is the free-look period for a Future Generali Life Insurance policy?

    The Future Generali Life Insurance Plan offers you a free-look period of 15 days, in case you aren’t too happy with the terms and conditions of the policy period and wish to cancel one. However, if you have purchased this plan through distant marketing modes, the free-look period would be 30 days.

    Can the premium paying frequency be changed?

    Yes, the premium payment frequency can be changed from monthly to quarterly, half-yearly or annually. However, this solely depends on the policy (terms and conditions) as well as the insurer.

    When does a Future Generali Life Insurance policy lapse?

    If you fail to make the premium payment during the grace period as per your policy terms and conditions, your Future Generali Life Insurance policy will lapse.

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