Future Generali Life Insurance
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Future Generali life Insurance

Started its operation in 2007, Future Generali India Life Insurance (FGII) Company Limited is a joint venture between three leading groups; the Future Group, Assicurazioni Generali, and Industrial Investment Trust Limited (IITL). It is a global insurance group that is recognized among the top 50 largest companies in the world. The company aims to become the most preferred choice of customers.

Future Generali offers a series of solutions such as term, ULIPs, Child, health, saving, retirement, and group insurance plans. The company has 1100 self and partnered branches across India, that ensures all your policy related queries are resolved on time.

Recently the company was rewared with Golden Peacock National Training Award 2020. Future Generali Life Insurance ensures to look after every single need of an individual and allows them to make their present & future secure. Continue reading to explore more about Future Generali Life Insurance company.

Future Generali life Insurance Awards and Recognitions

  • Golden Peacock National Training Award 2020
  • Chief Strategy Officer Summit & Awards 2020
  • Best Use of Video Content Award in 2018
  • Global Business CIO Awards, 2018
  • Global Enterprise Architecture Excellence 2018
  • IT Innovation and Excellence Award 2018

What are the Key Features of Future Generali Life Insurance Company?

With the availability of several insurance plans in the market, selecting the right plan that suits your needs is a quite difficult task. One should always be aware of the key features of a chosen insurance company before buying a life insurance plan for your family.

In the below section we have evaluated Future Generali India Life Insurance Company Limited. on the factors such as Annual Premium, Claim Settlement Ratio, Solvency Ratio, etc. These factors will assist you to make an informed decision and will help you to choose a Future Generali Life Insurance company.

Take a look at the key features of Future Generali Insurance Company:

1 Future Generali life Insurance Annual premium

Future Generali has witnessed significant growth in its annual premium over the last financial years. As per IRDAI Annual Reports for FY 2020-21, the annual premium of Future generali India Life Insurance Company Limited stood at INR 1,322.19Cr.

2 Future Generali life Insurance Solvency Ratio

The solvency ratio measures the ability of a company to meet its long-term debt obligations and provides information about the financial background of the company and other monetary commitments. IRDAI has mandated to have a healthy solvency ratio of 1.5 for every insurer. As per IRDAI Annual Report 2020-21, the solvency ratio of Future Generali is 1.72

Here is a quick look at the graph below for a better understanding.

Solvency Ratio of Future Generali Life Insurance Company for FY 2020-21

Solvency Ratio of Future Generali Life Insurance Company for FY 2020-21

*Data from IRDAI Annual Reports

3 Future Generali life Insurance Claim Settlement Ratio

Claim Settlement Ratio is a measure that is used to rate compare life insurance companies in the form of a percentage. It represents the number of settled claims against the total number of insurance claims registered in a year. The higher the CSR, the greater the chances of hassle-free claim settlement on your claims.

As per the IRDAI Annual Reports, 2020-21, the claim settlement ratio of Future Generali Life Insurance is 98.48%.

Claim Settlement Ratio Of Future Generali Life Insurance

Claim Settlement Ratio Of Future Generali Life Insurance

*Data from IRDAI Annual Reports

4 Future Generali life Insurance Operating Network

With Operations and services spread across 1100 branches, Future Generali aims to become the first choice of buyers. The company delivers relevant and attractive insurance products at affordable premium rates.

What Are The Different Plans Offered By Future Generali Life Insurance?

To cater to your every single insurance need, Future Generali Life Insurance offers a wide range of Insurance products. In the table mentioned below, we have mentioned all the plans offered by Future Generali India Life Insurance Company:

Product CategoriesNames of Plans
Term Insurance PlansFuture Generali Flexi Online Term Plan
Future Generali Care Plan
Future Generali Jan Suraksha
Future Generali Express Term Life Plan
Future Generali Saral Jeevan Bima
ULIP PlansFuture Generali Big Dream Plan
Future Generali Dhan Vridhi Plan
Future Generali Bima Advantage Plan
Future Generali Easy Invest Online Plan
Future Generali Wealth Protect Plan
Child PlanFuture Generali Assured Education Plan
Retirement PlanFuture Generali Immediate Annuity Plan
Combo PlansFuture Generali Assured Advantage Solution
Future Generali Guaranteed Income Solution
Savings Plan
i) Traditional PlansFuture Generali Triple Anand Advantage
Future Generali New Assure Plus
Future Generali Lifetime Partner Plan
ii) Guaranteed PlansFuture Generali Money-Back Super plan (Non-POS variant)
Future Generali New Assured Wealth Plan
Future Generali Jan Suraksha Plus
Future Generali Assured Income Plan
Future Generali Assured Education Plan
Future Generali Money-Back Super Plan (POS Variant)
Future Generali Future Generali Term with Return of Premium
Future Generali Big Income Multiplier
Future Generali Assured Money Back Plan
Future Generali Assured Health Plan
Group PlansFuture Generali Sampoorn Loan Suraksha
Future Generali Group Superannuation Plan
Future Generali Group Leave Encashment Plan
Future Generali Group Gratuity Plan
Future Generali Group Term Life Insurance Plan
Future Generali Loan Suraksha
Future Generali Comprehensive Employee Benefits Plan

Why Should you choose Future Generali India life insurance?

  • Savings & Wealth Creation: Future Generali ULIP plans allow you to earn additional income through successful investments and help to create wealth in a disciplined manner. All products are referred to as the great saving tool along with the benefit of life cover for the entire family.
  • Income Tax Benefits: Under Section 80C of the Income Tax Act, you will be liable to avail income tax benefits for Future Generali life insurance plans. One can avail up to Rs. 1,50,000 deductions on premium payments for these plans. Also, death and maturity benefits of the savings plan are exempted from tax under Section 10D.

Claim Process of Future Generali Life Insurance

File A Claim For SBI Life Insurance

Claim Intimation:

The nominee or claimant is required to Inform the company about the incident.

Claim Processing:

The claim officer will proceed with the claim settlement process. The evaluation will take place from the insurer's end and they might contact the nominee/claimant for further verification. This will be intimated via SMS or letter.

Claim Decision:

On receipt of all the necessary documents and verification results, they will make the final decision of acceptance/rejection of the claim. The same will be communicated to the nominee/claimant. If the claim gets accepted, the claim amount will be transferred to the registered bank account within 10 working days.

Documents Required To File A Claim

The following documents along with the claim form needs to be submitted by the nominee/claimant:


Death certificate of the policyholder


Original policy documents


Photocopy of passbook, bank statement, or cancelled cheque


Birth certificate of the policyholder


Photo ID of the policyholder and claimant like Aadhar card, PAN card, Voter ID, Passport, etc


Proof of the relationship between the claimant and the policyholder

How to Contact Future Generali Life Insurance

Contact Address: Future Generali India Life Insurance Co. Ltd, Indiabulls Finance Centre, 6th Floor, Tower 3, Senapati Bapat Marg, Elphinstone West Mumbai, Maharashtra - 400013, India.

Customer Support: Phone: 1800 220 233, 1860 500 3333, 022 67837800

Chat Online: Visit the official website of Future Generali. Click on 'Live Chat' or 'Reach Out to REVA' present at the extreme below the corner of the page.

E-mail: fgcare[at]futuregenerali[dot]in, Fax: 022-41514555, 022- 40976785.

Future Generali Life Insurance: FAQs

1. May I know whether the Future Generali Flexi Online Term Plan provides coverage to my children?

No, Future Generali Flexi Online Term Plan does not provide coverage to children. The mandatory age at entry for the policy is 18 years.

2. How to check the policy status of the Future Generali Life Insurance policy?

You need to visit the official website of Future Generali Life and log in with your user ID and password. After logging in, you can see the 'Policy Details' tab. Click on it and you will be able to check your policy status.


You can call the toll-free number 1800-102-2355 or write an email at claims.support@futuregenerali.in

3. Is there any mobile application available for Future Generali Life Insurance policies?

Yes, the company has a mobile application named- FG Life - Customer App.

4. Can I get term insurance cover if I am a smoker or tobacco user?

Yes, you can. You just need to pay a higher premium as compared to a non-smoker.

5. By what modes can I pay my Future Generali Life Insurance policy premium?

Premiums for your Future Generali Life Insurance policy can be paid via auto-debit facilities, cash payments, cheques, net banking, and payments via phone.

6. What documents do I need to submit my Mother's death claim for the Future Generali India Life Insurance policy?

  • Death Certificate
  • Medical Cause of the death
  • Original Policy Document
  • Original Cancelled cheque with printed name on it / photocopy of passbook or bank statement along with a colored image of the same
  • Photo ID and date of birth proof of Life Assured
  • Nominee's photo ID and date of birth proof
  • Relationship proof of the nominee
  • Nominee's Pan card
  • Claim Forms
  • The company may ask for additional documents if required.

7. Can I calculate my Future Generali policy premium online?

Yes, the company offers an online calculator through which you can calculate your policy premium.

8. How can I check my Future Generali Life Insurance policy status offline?

You can check your policy status of your Future generali life insurance company through a variety of ways, such as by calling the customer care helpline or by directly visiting the nearest branch.

9. What will happen to my Future Generali Life Insurance policy if I does not pay my premiums on time?

If you are unable to pay your premiums on time, your policy will lapse. However, you can still pay your outstanding premiums within grace period of 30-days from the date the premiums are due.

Find Out What Customers Are Saying

(Showing latest 5 reviews only)

- 4.8/5 (14 Total Rating)

February 24, 2022

navneet dubey


i am only earning member of my family so term insurance is very important for me. I checked about this company and asked my friends and relatives and they all gave me good response about them. I am happy.

February 24, 2022

mayank batra


I am a retired army officer who saved money in their retirement plan. This month, the company paid me my money saved with them. I am so happy that i made a right choice.

September 21, 2021

Lokesh Kumar


FutureGenerali is a very good company. I really love this company and the way it helped me is amazing.

September 20, 2021

Akash Sharma


I have never seen a company like future generali that is committed to its customers. Happy to chose future general life insurance.

September 16, 2021

Amir Saifi


bought a plan from future generali...I am thankful for the quick claim settlement and must appreciate that they have best customer support team

Last updated on March, 2022

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