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Future Generali Life Insurance
Future Generali Life Insurance
Future Generali Life Insurance is one of the most reputed insurance providers in India, offering a number of innovative ...Read More
What you get with Future Generali Life Insurance
The headline features and policy mechanics, at a glance.
Annual Premium 2510.85 crore
Affordable premium options starting from entry-level to comprehensive whole-life protection.
99.78% claim settlement ratio
Industry-leading approval rate on eligible life insurance claims in the most recent fiscal year.
1.7x solvency ratio
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
3+ optional riders
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
100+ pan-India presence
Branch offices and claim service centres across India for easy policy servicing.
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 part of a global insurance group 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 3,000+ 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 among the best insurance providers in the country. All products offered by this company are easy to understand and offer clients the best advice when needed.
Future Generali Life Insurance ensures to look after your insurance needs by offering:
- Hassle-free claim procedure
- 24X7 connectivity with clients
- A wide range of plans
- Secure and authentic
Features of Future Generali Life Insurance
Solvency Ratio:
Future Generali Life Insurance has a solvency ratio of 2 as 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 ratio is a key metric to assess an insurer's ability to settle claims. As per the IRDAI annual report of 2022-23, the claim settlement ratio 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 was ₹1758.01 Cr.
Pan-India Presence:
Future Generali Insurance Company has 100+ branches across India and additional distribution touchpoints through several new tie-ups and partnerships. Apart from its pan-India presence, it has more than 20,000+ individual agent networks. 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
A primary concern for many customers is the time taken by insurance providers to process claims. Future Generali Life Insurance offers a hassle-free claim process.
24/7 Connectivity with Clients
With over 120 pan-India branches 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 offers numerous options of life insurance plans to choose from, ensuring a plan for every individual's requirements.
Secure and Authentic
Future Generali is among the most trusted insurance companies in India. This provides clients with peace of mind and confidence regarding the security of their funds.
Eligibility Criteria in Future Generali Life Insurance Plans
Age: Usually 18 to 65 years at policy start (may vary by plan).
Maximum Maturity Age: Typically up to 70–75 years, depending on the product.
Residency: Indian residents; some plans may be available to NRIs with specific conditions.
Health: Subject to medical tests based on age, sum assured, and plan type.
Income: No strict income requirement, but sufficient income to pay premiums is needed.
Riders You Can Avail With Future Generali Life Insurance Plans
Enhance your life plan with optional add-on riders for broader protection.
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.
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.
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
For policy purchase and claim submission. Have these ready before you start.
Photo ID Proof
Photo ID Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Age Proof (any one of the following) - Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Address Proof (any one of the following) - Utility bill, Passport, Voter ID, Ration Card.
Medical Records
Medical records (if requested by the insurer).
Income Proof
Income Proof (any one of the following) - Bank statement, last three months' salary slips (for salaried individuals).
How to Buy a Future Generali Life Insurance Plan?
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
- Visit the PolicyX.com website or the Future Generali Life Insurance official website to compare and choose a suitable life plan.
- Enter your personal details such as name, date of birth, gender, annual income, and smoking status to get a customised quote.
- Compare plan options — choose your sum assured, policy term, premium payment term, and any optional riders.
- Fill in the proposal form with your contact details, nominee information, and medical history accurately.
- Upload the required documents: identity proof, address proof, income proof, and recent photographs.
- Pay the first premium online via net banking, UPI, debit/credit card, or cheque.
- Complete the medical examination if required (depends on your age and sum assured).
- Receive your policy document via email and registered post after underwriting approval.
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
Claim Intimation
Inform the company about the incident via various channels: either by writing an email to Future Generali Life at [email protected], 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/intimation number will be provided to you upon successful registration of the claim.
Document Submission
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.
For accidental death, submit the same documents along with the FIR and post-mortem report.
Claim Settlement
After receiving all the documents and claim forms, the insurer will verify the details as per their norms. If additional details are required, 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 this will be communicated to the nominee over a call or an email.
Offline Process
Future Generali Life Insurance claims can also be reported by visiting the local Future Generali Life Branch Office. For 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.
- Log in to the Future Generali Life Insurance customer portal or the PolicyX.com dashboard before your policy renewal date.
- Review your existing policy details — coverage, premium amount, and nominee information.
- Choose to continue with the same plan or upgrade your sum assured if eligible.
- Pay the renewal premium online via net banking, UPI, debit/credit card, or cheque.
- Download the renewed policy document from your registered email or the insurer portal.
- Visit the Future Generali Life Insurance Company official website and scroll down to the end of the page.
- Click on the "Buy Online" tab under Popular Links.
- Click on the 'Know More' tab.
- Click on the 'Calculate' tab at the top right corner of the page.
- Fill in the required details, and click on the 'Calculate' tab. Once details are filled, click 'Calculate' to view your premium.
What's covered — and what's not
The standard inclusions and exclusions across Future Generali Life Insurance plans. Specific plans may add benefits — always check the policy wording before purchase.
✗ Exclusions
- Death due to a pandemic such as COVID-19 or Ebola will not be covered by the company.
- Death due to involvement in any adventure sports.
- Death due to consumption of drugs or alcohol.
- Death due to any pre-existing disease not disclosed at the policy's inception.
- 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.
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 [email protected].
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 SinghI 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 VarshneyI'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 MaryI 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 ShahPolicyX 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 RathodI 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 MahajanFrequently asked questions
The 15 most-asked questions about Future Generali Life Insurance, answered.
Customer satisfaction
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PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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