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Future Generali India Life Insurance Company Limited is a joint venture between three leading groups: Future Group – A leading retailer in India, Generali Group- A global insurance group that features among top 50 largest companies in the world and Industrial Investment Trust Limited (IITL) – A leading investment company.
At Future Generali India Life Insurance Company Limited,the mission is to actively protect and enhance peoples’ lives. With operations spread across 75 branches and a complete range of simplified solutions for the financial security of customers and enterprises. The companyaims to become the first choice by delivering relevant and accessible insurance solutions.
Life insurance is a one-stop product for a secure life. It provides useful plans that would assist you in different stages of life. Whether it is a perfect future for your ward, great post-retirement life, investment with good returns and protection, you would get everything under this.
Do you hold any loans like home or car in your name? But what will happen in the case of your demise, it will be your family who has to clear them out. But what if they are unable to do so? In such cases, the financial institutions have the right to take possessions of your house or car. Will you allow your family to suffer all this? You care for your family and can't allow them to suffer from this, but how will you secure them. You can do the same only with the help of a life insurance policy. A life insurance plan that nothing like this will allow your family to suffer, it will clear your debts and loans, even it takes care of your family’s basic needs as well.
SavingsNowadays, saving is something that every person looks for, and Future Generali Insurance Company understands this, thus, it offers a wide range of products. All products are referred to be the great saving tool. It saves a lot of your money and time as well. There are the different type of life insurance products are available which can fulfill the different requirement of yours. And for saving, there are different options available.
WealthcreationWho doesn’t want to have extra income? Yes, insurance can help you in the same, with an effective life insurance plan you can increase your wealth.Insurance plans such as Ulips allow you to earn additional income, you just simply have to invest a decided amount in it. It offers dual benefits of investment and insurance as well.
Tax-savingsWhatever the amount you are paying as a premium, be it a health insurance policy or life insurance plan as well, you can lower your tax. Under Section 80C and 80D of the Income Tax Act, you will be liable to avail tax benefits. This will help you in saving more and more.
Life is precious and it is really very important to secure the future and lives of loved ones. Instead of thinking premium and amount you must think of the benefits that you will receive from this.
With no intermediary involved and direct communication with the company, the online insurance products are considerably cheaper than their offline counterparts. The company may also provide assistance during the buying journey such as explaining terms in the proposal form through tele-calling.
Future Generali Heart and Health Insurance PlanA comprehensive health protection plan, that safeguards you and your family against financial risks arising out of any defined unforeseen medical emergency. The plan provides a fixed financial benefit that will help you cover medical costs, especially in case of critical illness which require a long-term treatment, cost of second opinions, post-treatment nursing and above all a loss of income during the affected period.
Future Generali Cancer Protect PlanA cancer insurance policy by Future Generali will help you stay financially and psychologically secure in case you or a family member of yours is diagnosed with Cancer.The Premium(s) paid by you are eligible for tax benefit as may be available under the provisions of Section(s) 80D as applicable. For further details, consult your tax advisor. Tax benefits are subject to change from time to time.
Flexi Online Term PlanIt offers a monthly income on your death until such time you would have turned 60 or for 10 years whichever is higher. Moreover, it also provides a lump sum payout on your death.
Future Generali Easy Invest Online PlanThis plan provides you a life cover along with the added benefit of wealth creation.Staying invested throughout the Policy Term will help you get Loyalty Additions as a percentage of average Fund Value. All you need to do is to ensure that you have paid all your due premiums on time and your policy is active on the date of payment of loyalty additions.
Saving plans are life insurance products designed to support disciplined savings and at the same time ensure steady returns throughout the policy term which can be payable as monthly income or lumpsum depending on your need and chosen plan.
The plan offers multiple term options to suit your needs. Based on your financial goals, you have the flexibility of paying for a limited period and staying invested for a longer period to reap higher benefits.
Future Generali Triple Anand AdvantageOnce your policy matures, which is 5 years after your premium payment term, you will receive a lump sum payout equal to 50% of the sum assured plus any declared compounded reversionary bonuses plus any terminal bonus, which is called the maturity benefit.
Future Generali New Saral AnandIt provides a lump sum amount when your policy matures.Once your policy matures at the end of the premium payment term and if you have paid all your due premiums, you will receive a lump sum payout equal to 100% of the sum assured plus any declared compounded reversionary bonuses plus any terminal bonus, which is called the maturity benefit.
Future Generali New Assure PlusFlexibility to choose any combination of policy term and premium payment term based on your financial goals. Provides anopportunity to enhance your maturity payout by way of bonuses.
This plan provides the flexibility to meet unexpected expenses by allowing you to partially withdraw some money 5 years after buying the policy.On maturity of the policy, the Fund Value (market value of the investment) is paid
Future Generali Dhan VridhiThis plan offers you the flexibility of paying limited premiums and staying invested for a longer tenure, allowing you to achieve higher returns for meeting your medium and long-term financial goals.It offers you six different fund options between debt, equity and balanced assets to suit your varying risk profile.
Future Generali Wealth Protect PlanThis plan offers a combination of high cover (up to 30 times the annual premium) and investment to fulfill your long-term financial goals while safeguarding the interests of your dependents.On maturity, you get guaranteed loyalty addition.
Future Generali Bima Advantage PlusThis plan offers a combination of protection and investment to fulfill your medium to long-term financial goals.It offers you six different fund options between debt, equity and balanced assets to suit your varying risk profile.
Future Generali Bima GainA single payment helps you meet the dual objectives of wealth creation and life protection.It offers you six different fund options between debt, equity and balanced assets to suit your varying risk profile.
Future Generali Pramukh Nivesh ULIPYou can maximize your investment as all the premiums you pay are invested in the funds of your choice without any Allocation Charges. After 5 years of your policy, you can access money for your short-term needs.
Get maturity payout over a period of 12 years – Get a Total Maturity Benefit which is twice the total premiums paid under the life insurance plan over a period of 12 years.Limited Premium payment – Pay premiums only for 12 years and stay protected for 14 years.
Future Generali Pearls GuaranteeYou pay for a limited period and receive guaranteed paybacks after the end of the premium payment term.Nominees receive 120% of the sum assured in case of the death of the life assured.
Future Generali Assured Income PlanYou pay premiums only for 11/15 years and get aguaranteed payout for the next 11/15 years.Besides guaranteed income, the plan offers you additional benefits. Depending on your age, you can receive up to 4.5 times your annualized premium along with the last payout.
Future Generali Saral BimaIt gives you a guaranteed life insurance cover throughout the policy term.you get a guaranteed maturity amount at the end of the policy term.
Future Generali Assured Money Back PlanDepending on your needs, you can opt to receive survival benefits. However, thepremium will vary depending upon the choice of option.
Future Generali Assured Education PlanThe plan enables you to save systematically until your child turns 17 years for his/her graduation or post-graduation college fees. It offers you three options to receive Guaranteed payouts depending on your child's education milestones so that you receive the money when it is actually needed
Term insurance can be defined as an inexpensive insurance plan that offers complete protection and financial security of your dependents in case of any unforeseen circumstances. Term insurance provides financial coverage to the policyholder for a certain period.
Future Generali Flexi Online Term PlanOffers a monthly income on your death until such time you would have turned 60 or for 10 years whichever is higher and provides a lump sum payout on your death.
Future Generali Care PlusIt provides an excellent option to safeguard your family against your loans and liabilities.This plan assures financial security to your family in case you are not around.
Future Generali Term With Return Of PremiumThe plan gives you the flexibility to choose the period of protection and the period of premium payment.On survival, at the end of the policy term, depending on the type of cover option you have chosen, you will receive 100% (for Option A) or 115% (for Option B) of the premiums you have paid (excluding taxes, rider premium, modal loading and extra underwriting premium, if any).
Future Generali POS Term With Return Of PremiumThe plan gives you the flexibility to choose the period of protection and the period of premium payment.On survival, at the end of the policy term, you will receive back assured return of 100% of the total premiums you have paid (excluding taxes, modal loading and extra underwriting premium, if any).
The possibilities of heart diseases, different types of cancer and a few other critical illnesses are increasing by the day. With the advancement of medical science, surviving these critical illnesses is at an all-time high. However, the costs of treatment and post-survival expenses may take away a lifetime of savings. Fixed benefit health insurance plans provide you financial safety in case of a critical illness strikes, covering you not only for the treatment cost but for all other related expenses.
Future Generali Cancer Protect PlanA cancer insurance policy by Future Generali that will help you stay financially and psychologically secure in case you or a family member of yours is diagnosed with Cancer.
Future Generali Heart and Health Insurance PlanIt is a comprehensive health protection plan, that safeguards you and your family against financial risks arising out of any defined unforeseen medical emergency. The plan provides a fixed financial benefit that will help you cover medical costs, especially in case of critical illness which require a long-term treatment, cost of second opinions, post-treatment nursing and above all a loss of income during the affected period.
You need to have a sound financial plan to ensure that you give your children the right platform to succeed in life. The Child Plan ensures that your children meet their goals come what may.
Future Generali Assured Education PlanThe plan enables you to save systematically until your child turns 17 years for his/her graduation or post-graduation college fees. It offers you three options to receive guaranteed payouts depending on your child's education milestones so that you receive the money when it is actually needed
With these retirement plans, you can experience financial independence at retirement. Get entitled to guaranteed benefits, regular pension, and life insurance cover.
Future Generali Immediate Annuity PlanThe policy offers you a fixed income for the rest of your life.You have the flexibility to choose a monthly or yearly payout mode.The policy offers an annuity card that ensures convenience in receiving the annuity amount.
Future Generali Pension GuaranteeAt maturity, a minimum return of 101% of all premiums paid is guaranteed and additionally, bonuses, if declared, are added throughout the policy term.
Rural insurance plans are crafted with low cover at low premiums, which will help meet the requirements of people from any part of India.
Future Generali Jan Suraksha PlusPay a small one-time premium and get a life insurance cover with an assured maturity amount which is more than the premium paid by you.
Future Generali Jan SurakshaIt helps you to safeguard your family against your loans and liabilities. It requires only a nominal, one-time premium, to get a life insurance cover.
Ideal for institutions and groups, these group insurance plans allow businesses to manage facilities and extend options like gratuity, leave encashment, superannuation, life insurance, and loans.
Future GeneraliSampoorn Loan SurakshaThe plan secures your assets by providing total financial protection to your borrowers by covering contingencies like death, accidental disability, critical illness(CI) as well as terminal illness.
Future Generali Group Superannuation PlanIt offers flexible options to you as an employer to effectively manage retirement benefits for your employees.You get guaranteed return with Minimum Floor Rate of 1% p.a. on the contributions made
Future Generali Group Leave Encashment PlanThe plan provides employers with flexible options to effectively manage their leave encashment liabilities.You get guaranteed returns with Minimum Floor Rate of 1% per annum which is credited quarterly in advance.
Future Generali Group Gratuity PlanThe plan provides flexible options for employers to effectively manage their gratuity liabilities.You get guaranteed returns with Minimum Floor Rate of 1% per annum which is credited quarterly in advance.
Future Generali Group Term Life Insurance PlanWith this, you can provide life insurance cover to all your members under a single plan.Sum Assured is paid on the death of a member covered under the plan.
Future Generali Loan SurakshaThe plan aims to provide a life cover to all borrowers which in turn secures the credit/loan.You can provide coverage to your member’s for a wide range of loans - Housing Loans, Vehicle Loans, Personal Loans, Education Loans, Business Loans, Loan against Property, Merchandise Loan, Consumer Durable Loans, Credit Card Groups, Asset-Backed Loans and Gold Loans.
Non-life insurers are inspired by the announcement of travel insurance for train passengers presents in the Railway Budget.
“Insurance companies are being asked to provide optional travel insurance to passengers prior to travel,” Railway Minister Suresh Prabhu, said.
Currently, the domestic travel insurance market is about 8-10 percent of the total travel insurance market of Rs 500 crore, of which the main chunk is generated from the airline segment.
“We do hope that 10-15 percent of the train passengers going in for travel insurance over a period of next couple of years. It is likely to help increase insurance penetration in the country as a whole,” Tata AIG GI president M Ravichandran said.
At present, around 90 percent of the insurance premium income under travel insurance section comes from the domestic flyers going on abroad trips.
“This is a good initiative as it increases insurance penetration and gives some financial protection to passengers against unfortunate circumstances while travelling,” Future Generali India Insurance Managing Director And Chief Executive Krishnamoorthy Rao said.
Friday February 26, 2016
Future Generali India Insurance, a well-known insurance company has introduced an application for motor insurance claim surveyors of the company which goes by the name of i-Moss. The new app had a soft launch about six months ago for in-house assessor, wherein it was tested for
volumes to offer an enhanced error free experience. It is now being effectively operated by all in- house motor claim surveyors of the company.
With the help of this new app- i-MoSS, the company expects on-the-spot conclusion of 70 percent of its motor insurance claims and 50 percent reduction in total time needed to settle motor insurance claims.
Friday April 01, 2016
On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.
“The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017,” the IRDA said.
In the last June, the government of India had informed about the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, making Aaadhar and PAN/Form 60 compulsory for getting financial services that include insurance also and asked policyholders and companies for linking the existing policies with the same.
In a discussion with all life and general insurance companies, IRDA said the rules have “statutory force” and they have to implement the rule without waiting for the further instructions.
Right now, there are 24 life insurers and 33 general insurance companies operating in the country.
Although, there are no deadlines that have been given by IRDA for the completion of the process, as per the circular, it has to be done as soon as possible. Some insurance companies also said that this can also result in the delay of payout in a few cases. Aadhaar is now also compulsory for financial transactions of Rs 50,000 and above. Likewise, one has to link one’s Aadhaar number with the mobile number latest by February 6, 2018.
Monday November 13, 2017
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