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Future Generali life Insurance

Founded 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.

Being one of the strong and trusted life insurance companies, Future Generali offers a series of solutions such as term, ULIPs, Child, health, saving, retirement, and group insurance plans. The company has a wide distribution of its range of products and services over 75 locations across India which makes it able to create trustworthiness among customers.

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

Key Features of Future Generali Life Insurance

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.

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

1 Market Share

Market share is the percentage of total sales in the market generated by an insurer. It is calculated by taking sales of the company and then dividing it by the total industry's sales over the same period, thus helping in analyzing the growth of a company.

Future Generali has witnessed significant growth in its annual premium over the last financial years. The annual premium of this company stood at Rs. 399.87 Crores during 2016-17 which has increased to Rs. 767.5 Crores in 2019-20.

For better understanding, refer to the graph given below that compares the annual gross premiums of Future Generali Insurance Company from 2016-20.

Annual Premium Of Future Generali Life Insurance Company from 2016-2020

Annual Premium Of Future Generali Life Insurance Company from 2016-2020

*Data from IRDAI Annual Reports

2 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 (Solvency Margin - 150%). As per IRDAI Annual Report 2019-20, the solvency ratio of Future Generali is 1.58 that fulfils the set standards of IRDAI.

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

Solvency Ratio of Future Generali Life Insurance Company for FY 2016-20

Solvency Ratio of Future Generali Life Insurance Company for FY 2016-20

*Data from IRDAI Annual Reports

3 Claim Settlement Ratio

Claim Settlement Ratio is a measure that is used to rate 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. It helps customers to compare life insurance companies and select the best plan based on its company's ratio. The higher the CSR, the greater are the chances of hassle-free claim settlement on your claims.

As per the IRDAI Annual Reports, 2019-20, the claim settlement ratio of Future Generali Life Insurance is 95.28. The company recorded the highest CSR during the financial year 2018-19.

Claim Settlement Ratio Of Future Generali Life Insurance

Claim Settlement Ratio Of Future Generali Life Insurance

*Data from IRDAI Annual Reports

If you are considering CSR as one of the important parameters for selecting an insurance company, then it is very important to compare this factor with other life insurers.

Claim Settlement Ratio Of Top Life Insurance Companies 2016-20

Claim Settlement Ratio Of Top Life Insurance Companies 2016-20

*Data from IRDAI Annual Reports

4 Operating Network

With Operations and services spread across 136 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?

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

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.


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. Does the Future Generali Bima Advantage Plus Plan offer loyalty additions?

No, Future Generali Bima Advantage Plus Plan does not offer loyalty additions.

5. 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.

6. Is there a 'Waiver of Premium (WoP)' benefit applicable for my Future Generali Cancer Protect Plan?

Yes, it's there. However, this benefit does not apply to the Single Premium payment option.

7. Can I make partial withdrawals under the 'Dream Protect' investment option for my Future Generali Big Dreams Plan?

No, partial withdrawals are not available under the 'Dream Protect' investment option for Future Generali Big Dreams Plan. It is applicable for 'Wealth Creation' and 'Retire Smart' investment options only.

8. What are the different variants available under the Future Generali Sampoorn Loan Suraksha policy?

Future Generali Sampoorn Loan Suraksha policy offers two different variants as follows:

  • Reducing Cover
  • Level Cover

Find Out What Customers Are Saying

(Showing latest 5 reviews only)

- 4.8/5 (12 Total Rating)

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

July 12, 2021



Very happy with the company. Customer care is very supportive. I would definitely recommend everyone to go for this company if they are looking for life insurance policy.

July 12, 2021



I bought this life insurance plan a year ago. I am quite happy with the policy. All plans offers smart benefits

Last updated on July, 2021

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