Future Generali Life Insurance
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Future Generali Life Insurance: Overview

Future Generali Life Insurance is one of the most reputed insurance providers in India offering a plethora of innovative insurance solutions. Future Generali India Life Insurance is a global insurance group that is recognized among the top 50 largest companies in the world. Future Generali Life Insurance is an association between industry titans "Future Group" and "Generali Group" who are coveted game changers in the retail and insurance business, respectively. Future Generali Life Insurance was incorporated in 2007 with the vision of providing "retail, commercial, personal and rural insurance solutions to individuals and corporates to help them manage and mitigate risks". The company operates PAN India with over 100+ branches, serving more than 3000+ corporate clients and selling 3.2 million policies across the country. With an impeccable claim settlement ability of over 2.6 Lakh+ claims settled every year, Future Generali Life Insurance is amongst the best insurance providers in the country. All products offered by this company are easy to understand and offer the clients the best advice when needed.

Future Generali Life Insurance ensures to look after your insurance needs by offering:

why-choose
  • Hassle-free claim procedure

  • 24X7 connectivity with clients

  • A wide range of plans

  • Secure and authentic

 

Key highlights of Future Generali Life Insurance

To get more insight into Future Generali Life Insurance Company's performance, take a look at the below key highlights that will help you to analyze the company based on its performance:

Solvency Ratio

Future Generali Life Insurance has a Solvency Ratio of 2 as per the IRDAI annual report 2022-23. The solvency ratio helps the prospective policyholder assess the ability of a company to meet its financial obligations. As of now, IRDAI mandates maintaining a solvency ratio of 1.50 for every insurer.

Features of Future Generali Life Insurance

There are various features to Future Generali Life Insurance Plan. Let's understand each of them in detail:

  • Solvency Ratio  Future Generali Life Insurance has a solvency ratio of 2 per the IRDAI annual report 2022-2023. The solvency ratio helps prospective policyholders assess a company's ability to meet its financial obligations. Currently, IRDAI mandates maintaining a solvency ratio of 1.50 for every insurer.
  • Claim Settlement Ratio  The claim settlement of an insurer is a metric that helps you analyze its claims-settling ability. As per the IRDAI annual report of 2022-23, the claim support of Future Generali Life Insurance is 95.04%
  • Annual Premiums  As per the annual report of IRDAI 2022-23, the annual premium of Future Generali Life Insurance is 1758.01 Cr.
  • PAN India Presence  Future Generali Insurance Company has 100+ branches across India and additional distribution touch-points through several new tie-ups and partnerships. Apart from its PAN India presence, it has more than 20000+ Individual agent networks. Moreover, it also has a strong base of financial consultants.

Benefits of Future Generali Life Insurance Plans

There are multiple benefits of Future Generali Life Insurance Plans. Read below to understand the plethora of advantages provided by the insurer.

Hassle-free claim procedure

The prime reason of worry for most customers is the time insurance providers will take to process claims. Future Generali Life Insurance provides customers with the easiest claim process.

24X7 Connectivity with clients

With over 120 branches in PAN India and multiple agents working for customer satisfaction Future Generali Life Insurance ensures strong connectivity with their clients.

A wide range of plans

Future Generali Life Insurance provides its future and current customers with numerous options of life insurance plans to choose from. There is a plan for every individual matching their requirements.

Secure and Authentic

Future Generali company is among the most trusted insurance companies in India. This ensures clients peace of mind and provides them with confidence regarding maximum security for your funds.

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Rider Benefits You Can Avail With Future Generali Life Insurance Plans

Here are the rider options you can avail with Future Generali Life Insurance Plans to enhance your coverage:

Maternity Benefit Rider

Future Generali Accidental Death Benefit Rider

Future Generali Accidental Death Benefit Rider is an optional rider that you can select with your Future Generali term plan. It provides an additional rider sum assured payout in case of accidental death.

Maternity Benefit Rider

Future Generali Accidental Total Permanent Disability Protection Rider

Future Generali Accidental Total Permanent Disability Rider can be attached to your Future Generali term plan. The rider offers benefits in case of permanent disability due to an accident.

Maternity Benefit Rider

Future Generali Critical Illness Benefit Rider

Future Generali critical illness rider offers an additional payout in case of diagnosis of any of the listed critical illnesses in the Future Generali term insurance policy.

Documents Required to Purchase Future Generali life insurance Life Insurance Policy

Here is the list of documents required to buy Future Generali Life Insurance Plans:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy Future Generali Life Insurance Plans?

Future Generali Life Insurance allows you to buy life insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.

Life Insurance
  • Step 1

    Fill out the form given at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to make the payment. Once the payment is made, you will get a payment confirmation at your registered email address.

Life Insurance
  • Step 1

    Visit the Future Generali Life Insurance Company official website and scroll down to the end of the page.

  • Step 2

    Click on the "Buy Online" tab under Popular Links.

  • Step 3

    Click on the tab 'Know More'under.

  • Step 4

    Click on the tab 'Calculate' at the top right corner of the page.

  • Step 5

    Fill in the required details, and click on the tab 'Calculate'. Once the payment is made, you will get a payment confirmation at your registered email address.

Why Choose PolicyX.com?

Don't just take our word for it - check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

How to File Future Generali Life Insurance Claims?

Every claimant/nominee is assigned a dedicated Claims Relationship Officer who helps through the entire process. The life insurance claim settlement process at Future Generali Insurance involves the following three steps:

Online Process

Your Occupation
1

Claim Intimation

Inform the company about the incident via various channels-either by writing an email to Ageas Federal Life at - claims@futuregenrali.com, calling the toll-free number (1800-103-7766), filling out the online claim form on its website, or visiting the nearest branch. A claim reference number/intimation number will be provided to you upon successful registration of the claim.

Your Occupation
2

Document Submission

You have to submit the necessary documents requested by the insurer to process the claim.

In case of natural death: death claim form, death certificate, original policy documents, claimant's identity & residence proof, medical records, and account details of the nominee.

In case of an accidental death: The same documents with two additional ones: FIR and post-mortem report.

Your Occupation
3

Claim Settlement

After receiving all the documents and claim forms, the insurer will verify the details as per their norms. If they require any additional details they will contact you via call or email. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account and the same will be communicated to him/her over a call or an email.

Offline Process

Future Generali Life insurance claim settlement procedure can be reported by visiting the local Future Generali Life Branch Office. For the details of Future Generali Life Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.

Your Occupation

Exclusions of Future Generali Life Insurance Plans

  • Death due to a pandemic such as COVID-19 or ebola will not covered by the company.
  • Death due to indulging in any adventure sports.
  • Death due to consumption of any drugs and alcohol.
  • Death due to any pre-existing disease that isn't mentioned during the start of the policy.
  • If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death benefit. They receive just the premiums paid up to the incident date or the policy's surrender value, whichever is greater. If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death payments. They receive just the premiums paid up to the incident date or the policy's surrender value, whichever is greater.

Conclusion

Future Generali Life Insurance is a reputable provider in the Indian life insurance market, offering a diverse range of products that cater to different customer needs, including term insurance, endowment plans, ULIPs (Unit Linked Insurance Plans), and retirement plans. You can contact PolicyX.com at the toll-free number 1800-4200-269 or email us at helpdesk@policyx.com.

Life Insurance

More Queries?

If you have any more queries regarding Future Generali Life Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

Future Generali Life Insurance: FAQs

1. What does Future Generali provide the categories of life insurance plans?

Future Generali provides customers with term plans, retirement plans, child education plans, ULIP plans, money-back plans, endowment plans, and more.

2. What is an endowment plan?

An endowment plan is a combination of insurance and savings. It offers three benefits to the life assured under a single plan long-term savings, life insurance, and tax benefits.

3. Can I buy a child insurance plan if my son/daughter is 10 years old?

Future Generali offers multiple child insurance plans suitable for your requirements.

4. How long do I have to pay premiums?

The life assured must pay premiums for the tenure selected by him/her while purchasing the policy. The life assured can also choose the frequency of pay premium like annually, half-yearly, quarterly, or monthly, depending on the one�s convenience.

5. How can I select the right policy term?

The policy term should ideally match the earning years if you are buying a term plan and the target financial milestone if you are buying a savings/investment plan. However, the policy term must change according to the category of the plan purchased.

6. What will happen if I cannot pay the premiums?

If you stop paying premiums, the insurance policy will lapse or become paid up after the grace period. The benefits payable under the policy will cease if the policy lapses and reduce if the policy becomes paid up, depending upon policy terms and conditions.

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

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

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

Visit Future Generali Life’s official website and log in with your user ID and password. After logging in, you can see the ’Policy Details’ tab. Click on it to check your policy status. OR You can call the toll-free number 1800-102-2355 or write an email at claims.support@futuregenerali.in

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

The company has a mobile application named FG Life, which is a customer app.

10. Can I get term insurance coverage if I am a smoker or tobacco user?

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

11. 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, or phone payments.

12. 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 coloured 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.

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

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

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

You can check the policy status of your Future general life insurance company in various ways, such as by calling the customer care helpline or directly visiting the nearest branch.

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

If you cannot pay your premiums on time, your policy will lapse. However, you can still pay your outstanding premiums within the grace period of 30 days from the date the premiums are due.

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varun saxena

Written By: Varun Saxena

I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.