Future Generali Life Insurance
Future Generali Life Insurance
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Future Generali Life Insurance

Future Generali India Insurance (FGII) Company Limited was established in the year 2007. The company is a joint venture between three leading groups; the Future Group, Assicurazioni Generali and Industrial Investment Trust Limited (IITL). It is also considered as a global insurance group that features among the top 50 largest companies in the world. With operations around the country, the company's motive is to become the most preferred choice by the consumers. Future Generali stands as a strong and trusted establishment with the provision of a broad series of solutions which includes term, ULIPs, child insurance, health, savings, retirement and group insurance plans.

Highlights

Claim Settlement Ratio95.15%
No. of Policies13.8 lakhs
No. of Locations in India126+
No. of Customers
(Inclusive of Bank Partnerships)
12.6 lakhs

**Last Updated on 26-06-2020

Future Generali Life Insurance Plans

1. Future Generali Term Plans

Term insurance plans offer complete protection and financial security to the dependents in case of any unforeseen circumstances with the policyholder. Let's discuss the different Future Generali term plans below:

i) Future Generali Flexi Online Term Plan

Future Generali Flexi Online Term Plan is a non-linked and non-participating pure risk premium life insurance plan which provides life cover up to 75 years. The plan also pays a lump sum or a monthly income to the family of the life assured on surviving till the age of 60 years and in case of death before 60 years.

Eligibility Criteria

Age at EntryMinimum: 18 years
Maximum: 55 years
Maturity Age75 years
Minimum Sum AssuredRs. 50 lakhs
Policy Term75 years minus Entry Age
Premium Payment Term (years)Equal to Policy Term

**Last Updated on 26-06-2020

ii) Future Generali Care Plus

Future Generali Care Plus offers an excellent option to protect (financially) your family against the liabilities and loans taken by the policyholder. It provides higher life coverage at very nominal prices.

Eligibility Criteria

Age at EntryMinimum: 18 years
Maximum: 65 years
Maximum Coverage Age85 years
Maximum Sum AssuredRs. 2.5 lakhs
Premium Payment Term (years)Regular throughout the policy term
Minimum Annualized PremiumRs. 887

**Last Updated on 26-06-2020

iii) Future Generali Jan Suraksha

Future Generali Jan Suraksha is a non-participating insurance plan that offers life insurance coverage in a single premium payment at low costs. The policy is specially designed for the rural people of India. It helps the family of the life assured to deal with the liabilities in case of his/her unfortunate death.

Eligibility Criteria

Age at EntryMinimum: 18 years
Maximum: 50 years
Premium OptionsEntry age between:
i) 18 to 45 years - Rs. 500/Rs. 750
ii) 46 to 50 years - Rs. 750
Premium Payment Term (years)Single Pay
Policy Term8 years

**Last Updated on 26-06-2020

iv) Future Generali Express Term Insurance Plan

Future Generali Express Term Insurance Plan is a long-term protection plan that provides comprehensive care to you and your family. It waives off all the future premium payments in case of Accidental Total and Permanent Disability (ATPD). An additional lump sum payout is offered by the plan if the policyholder is diagnosed with any one of the listed 34 critical illnesses as follows:

  • Cancer of specified severity
  • Open chest CABG
  • Myocardial Infarction (First heart attack of specific severity)
  • Kidney failure requiring regular dialysis
  • Major organ/Bone marrow transplant
  • Stroke resulting in permanent symptoms
  • Benign brain tumour
  • Coma of specified severity
  • End stage liver failure
  • End stage lung failure
  • Open heart replacement or repair of heart valve
  • Loss of limbs
  • Blindness
  • Third degree burns
  • Major head trauma
  • Permanent paralysis of limbs
  • Primary (Idiopathic) Pulmonary Hypertension
  • Loss of Speech
  • Motor Neuron Disease with Permanent Symptoms
  • Multiple Sclerosis with Persisting Symptoms
  • Deafness
  • Major Surgery of Aorta
  • Cardiomyopathy
  • Angioplasty
  • Apallic Syndrome
  • Brain Surgery
  • Alzheimer's Disease
  • Muscular Dystrophy
  • Parkinson's Disease
  • Poliomyelitis
  • Loss of Independent Existence
  • Medullary Cystic Disease
  • Systemic Lupus Erythematosus
  • Aplastic Anaemia

Eligibility Criteria

Age at EntryMinimum: 18 years
Maximum: 65 years
Maturity Age85 years
Minimum Sum AssuredRs. 25 lakhs
Premium Payment Term (years)Monthly/quarterly/half-yearly/annually
Accidental Death Sum AssuredMinimum: Rs. 5 Lakhs
Maximum: Sum Assured (Subject to Underwriting by the Company)
Critical Illness Sum AssuredMinimum: Rs. 5 Lakhs
Maximum– 50% of Sum Assured or Rs. 1 Crore, whichever is lower (Subject to Underwriting Policy of the Company)

**Last Updated on 26-06-2020

2. Future Generali ULIP Plans

Unit-linked Insurance Plans are a means of investment that helps in savings along with the protection of life insurance cover. A number of investment opportunities such as fixed-income securities, equities and liquid investments are offered by ULIPs to earn market-linked returns.

Here's a variety of Future Generali ULIP Plans:

i) Future Generali Big Dreams Plan

Future Generali Big Dreams Plan helps in securing your family's future from uncertain eventualities of life. It also assists in boosting your returns from 1% to 7% on payment of every premium instalment. You can grow your wealth faster as the plan offers zero allocation and administration charges.

Eligibility Criteria

Age at EntryMinimum: 0 years
Maximum: 60 years
Maturity Age75 years
Minimum Annualized Premium AmountRs. 18,000
Premium Payment FrequencySingle Pay, yearly, half-yearly, quarterly and monthly
Policy Term (years)5 to 20

**Last Updated on 26-06-2020

ii) Future Generali Easy Invest Online Plan

Future Generali Easy Invest Online Plan promotes wealth creation together with the advantage of life insurance coverage. It offers flexibility to the life assured to fulfil unexpected expenses by allowing partial withdrawals after 5 years of purchasing the policy. Long-term savings habits can be developed systematically through its annual or monthly payment modes.

Eligibility Criteria

Age at EntryMinimum: 0 years
Maximum: 60 years
Maturity Age70 years
Minimum Annualized Premium AmountRs. 40,000
Policy Term (years)10 to 20
Premium Payment Term (years)Same as the policy term

**Last Updated on 26-06-2020

iii) Future Generali Dhan Vridhi Plan

Future Generali Dhan Vridhi Plan is an individual non-participating limited premium payment life insurance plan. The plan offers the choice of 7 investment funds so as to manage risk tolerance. It allows the policyholder to maximize funds by providing the facility to switch between funds.

Eligibility Criteria

Age at EntryMinimum: 8 years
Maximum: 60 years
Age at Maturity70 years
Premium Payment FrequencyYearly, half-yearly, quarterly and monthly
Policy Term (years)10/15/20

**Last Updated on 26-06-2020

iv) Future Generali Wealth Protect Plan

Future Generali Wealth Protect Plan offers comprehensive protection along with the freedom to choose the type of investment to create wealth as per your requirements. It offers guaranteed loyalty additions on the basis of first-year paid premium. The plan also provides access to partial withdrawals and fund switches.

Eligibility Criteria

Age at EntryMinimum: 7 years
Maximum: 60 years
Age at Maturity75 years
Minimum Annualized PremiumRs. 25,000
Premium Payment ModesYearly, half-yearly, quarterly and monthly
Policy Term (years)15 to 40

**Last Updated on 26-06-2020

v) Future Generali Bima Advantage Plus Plan

Future Generali Bima Advantage Plus Plan is a unique blend of investment and protection that helps to meet long-term financial goals. It allows the life assured to choose the sum assured and policy term in addition to features like re-direction, switching, partial withdrawals, etc.

Eligibility Criteria

Age at EntryMinimum: 7 years
Maximum: 65 years
Age at Maturity75 years
Minimum Annualized Premium AmountRs. 20,000
Policy Term (years)10 to 30
Premium Payment Term (years)Same as Policy Term

**Last Updated on 26-06-2020

3. Future Generali Health Plans

Health insurance plans by Future Generali offer coverage against the most life-threatening ailments like cancer and heart diseases. It provides coverage to the costs of medical/treatment expenses (before and after hospitalisation). Let's look at the following health plans by Future Generali Life Insurance:

i) Future Generali Cancer Protect Plan

Future Generali Cancer Protect Plan safeguards you or any of your family members financially against the risk of cancer and its related complications. On diagnosis of cancer in the minor stage, 25% of the sum assured is paid as a lump sum whereas the entire sum assured is paid at a major stage.

Eligibility Criteria

Age at EntryFor Adults:
Minimum: 18 years
Maximum: 65 years
For Children:
Minimum: 1 year
Maximum: 17 years
Maximum Coverage Age80 years
Sum AssuredFor Adults - 10 years, 15 years, 20 years or 80 years minus age at entry
For children - 18 minus age at entry or 10 years, whichever is higher
Premium Payment ModeRegular Premium – Annual and Monthly
Single Premium – One-time payment

**Last Updated on 26-06-2020

ii) Future Heart and Health Plan

Future Heart and Health Plan provides comprehensive care against 59 listed critical illnesses and surgeries for heart and its related diseases. It also offers security against the medical expenses for treatment of cancer ailments at all stages. There is a provision of the inbuilt death benefit, i.e. the death benefit will be applicable from Day 1 of the initiation of the policy without any waiting period.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 18 years
Maximum: 65 years
Age at Maturity75 years
Maximum Sum AssuredRs. 50 lakhs
Premium Payment ModesYearly, half-yearly, quarterly and monthly

**Last Updated on 26-06-2020

4. Future Generali Savings Plans

Future Generali savings plans consist of two sub-categories, viz., traditional plans and guaranteed plans. These plans offer more than one benefit in a single plan like fixed income return, safety, life insurance cover along with tax benefits.

The different Future Generali savings plans are mentioned below:

a. Traditional Plans : Traditional savings plans by Future Generali provide the policyholder with the sum assured in addition to vested bonus at the time of maturation of the policy. Under these plans, you can benefit from increasing your savings with the help of life coverage provided within the plans.

i) Future Generali Triple Anand Advantage Plan

Future Generali Triple Anand Advantage Plan helps in accumulating savings to meet the financial needs in the future. It offers 3 benefits in a single plan as follows:

  • Under the plan, 10% of the sum assured will be payable for 5 successive years after paying all the premiums.
  • On maturation of the policy, 50% of the sum assured is paid as a lump sum.
  • It provides life cover till the age of 80 years and pays 100% of the sum assured on death of the policyholder before turning 80.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 7 years
Maximum: 50 years
Age at Maturity27 years - 75 years
PremiumRs. 15,000
Minimum Sum AssuredRs. 2 lakhs
Premium Payment Term15 or 20 years
Policy TermPremium Payment Term + 5 years

**Last Updated on 26-06-2020

ii) Future Generali New Assure Plus Plan

Future Generali New Assure Plus Plan provides financial security by building a corpus for uncertainties of life. You can enhance your maturity benefit by additional bonuses offered by the plan. Also, there is a provision of flexibility to choose the policy term and premium payment term as per your financial purposes.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 3 years
aximum: 55 years
Age at Maturity18 years - 70 years
Minimum Annualized PremiumRs. 10,000
[subject to Minimum Sum Assured of Rs. 1 lakh]
Minimum Sum AssuredRs. 1 lakh
Premium Payment Term5 to 30 years
Policy Term10 to 30 years

**Last Updated on 26-06-2020

b. Guaranteed Plans : Future Generali Guaranteed Plans are ideal for individuals falling under the age group of 18-60 years. The plans offer an extended policy tenure from 10 years to 30 years. Also, these plans provide guaranteed returns along with life insurance cover. All the benefits will be paid on the maturity date of the policy.

i) Future Generali Assured Wealth Plan

Future Generali Assured Wealth Plan, a savings plan that offers 2 product options and guaranteed additional bonuses during the entire policy tenure. The plan also offers an increasing death benefit, i.e., the death benefit increases every year on the addition of guaranteed bonus. Under the policy, the premium rates are lower for women.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 0 years
Maximum: 60 years
Age at Maturity18 years - 75 years
Minimum Annualized PremiumFor entry age 0 to 50 years – Rs 15,000
For entry age greater than 50 years – Rs 50,000
Minimum Sum AssuredRs. 50,000
Premium Payment Term5 to 15 years
Policy Term10 to 25 years

**Last Updated on 26-06-2020

ii) Future Generali Big Income Multiplier Plan

Future Generali Big Income Multiplier Plan is an affordable savings life insurance product that provides maturity benefit for over a limited premium payment period of 12 years. The plan offers guaranteed income after the policy tenure with the flexibility to choose between annual or monthly income options.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 4 years
Maximum: 50 years
Age at Maturity18 years - 64 years
Minimum Annualized PremiumRs. 18,000
Minimum Monthly PremiumRs. 1500
Premium Payment TermFixed Premium Payment Term of 12 years
Policy TermFixed Policy Term of 14 years

**Last Updated on 26-06-2020

iii) Future Generali Assured Income Plan

Future Generali Assured Income Plan guarantees an assured income by means of return of premiums for your future along with life insurance cover. Under the plan, an additional benefit can be received by guaranteed bonuses ranging from 1 to 4.5 times of annualized premium together with the last payout.

Eligibility Criteria

Age at Entry (last birthday)7 to 50 years for 11 year policy term
5 to 50 years for 15 year policy term
Age at Maturity18 years - 65 years
Minimum PremiumAnnual Premium Payment Mode:-
For an 11 year term: Rs 35,000 for age 7 to 50 years.
For a 15 year term: Rs 35,000 for age 5 to 44 years & Rs 75,000 for age 45 to 50 years
Monthly Premium Payment Mode:-
For an 11 year term: Rs 3,091 for age 7 to 50 years.
For a 15 year term: Rs 3,091 for age 5 to 44 years & Rs 6,623 for age 45 to 50 years
Minimum Death Sum AssuredRs. 5,35,000
Premium Payment Term11 and 15 years
Policy Term11 and 15 years

**Last Updated on 26-06-2020

iv) Future Generali Assured Money Back Plan

Future Generali Assured Money Back Plan is a guaranteed income cum savings plan that offers two options to receive survival benefits. The plan pays 10% of the sum assured every year for a term of 9 years and 100% of the sum assured on the maturation of the policy. It also offers rider options to enhance life coverage.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 18 years
Maximum: 55 years
Age at Maturity18 years - 70 years
Minimum Annualized PremiumRs. 18,000
Minimum Sum AssuredOption A – Rs. 58,
Option B – Rs. 49,425
Premium Payment FrequencyMonthly, quarterly, half-yearly and annual
Policy TermOption A: 15, 17, 20 & 22 years
Option B: 10, 12, 15 & 17 years
Premium Payment TermPolicy Term less 10 years. i.e. 5, 7, 10 & 12 years for Policy Term of 15, 17, 20 & 22 years respectively

**Last Updated on 26-06-2020

v) Future Generali Jan Suraksha Plus

Future Generali Jan Suraksha Plus is a guaranteed income life insurance plan which offers an assured maturity payout in one-time affordable premium payment. The amount received on maturity will be more than the paid premiums.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 18 years
Maximum: 50 years
Age at Maturity18 years - 70 years
Premium PayableOption 1: Rs. 2500
Option 2: Rs. 3000
Option 3: Rs. 4000
Option 4: Rs. 5000
Premium Payment ModeSingle Premium
Policy Term8 years

**Last Updated on 26-06-2020

vi) Future Generali Term Plan with Return of Premium

Future Generali Term Plan with Return of Premium is an excellent saving plus life insurance policy in addition to the benefit of the return of premiums. You can choose between an income or lump sum payout option under the plan. It also offers different riders along with the flexibility of choosing policy term and premium payment term.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 18 years
Maximum: 55 years
Age at Maturity28 years - 75 years
Payable PremiumRs. 3,000 annually for Option A and 3,696 annually for Option B
Rs. 2,000 half-yearly for Option A and B
Rs. 1,000 quarterly for Option A and B
Rs. 500 monthly for Option A and B
Sum AssuredMinimum - Option A: Rs. 2,00,000
Option B: Rs. 9,02,119
(For a minimum Monthly Income of Rs. 10,000)
Maximum: As per Board Approved Underwriting Policy
Premium Payment Term10 to 15 years
Policy Term10 to 35 years

**Last Updated on 26-06-2020

5. Future Generali Child Plans

Future Generali Child Plans have been launched to provide security to your child's future. These child plans emerge with great features that ensure availability of funds even after the death of the parent. The maturity benefits can be either claimed as a lump sum payout or money back payout depending on the requirements of the policyholder.

Let us look at the following child plan offered by Future Generali Life Insurance:

i) Future Generali Assured Education Plan

Future Generali Assured Education Plan is basically designed to offer security for your child. It facilitates savings for graduation and higher studies in a disciplined manner until the child turns 17 years of age. The plan ensures guaranteed payouts as per your child's milestones so as to receive funds when needed. The plan is also considered under the guaranteed income saving plans category of Future Generali Life Insurance Plans.

Eligibility Criteria

Age at Entry (last birthday)For Parent:
Minimum: 21 years
Maximum: 50 years
For Child:
Minimum: 0 years
Maximum: 10 years
Age at MaturityMinimum: 35 years
Maximum: 67 years
Payable premiumMinimum Premium:
Rs. 20,000 Annually or Rs. 2,000 Monthly;
Maximum Premium: No Limit
Premium Payment FrequencyYearly and monthly
Policy Term17 years minus age of the child at the time of purchase, i.e., Minimum 7 years if the child's age is 10 years;
Maximum 17 years in case of a newborn child
Premium Payment TermSame as the policy term

**Last Updated on 26-06-2020

6. Future Generali Retirement Plans

With Future Generali Retirement Plans, the policyholder can enjoy financial independence post-retirement. These retirement plans are liable to pay regular pension, guaranteed benefits in addition to life insurance coverage.

Future Generali offers the following retirement policy to its customers:

i) Future Generali Immediate Annuity Plan

Future Generali Immediate Annuity Plan enables you to receive a fixed income for the entire life. The annuity amount is paid through a means of annuity card to the policyholder. It also provides flexibility to choose between two annuity options and annuity mode as per convenience.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 40 years
Maximum: 80 years
Policy CoverageLifetime
Minimum Purchase PriceRs. 30,000
Annuity ModesYearly and monthly

**Last Updated on 26-06-2020

7. Future Generali Group Plans

Future Generali Group Plans enables businesses to administer facilities and management. The plans are designed for employers, groups and institutions so they can provide adequate coverage to their employees or group members. One can easily handle different amenities of an organisation like superannuation, gratuity, loans, leave encashment and life insurance with the help of these plans.

Now, let us check out the range of group plans offered by Future Generali life insurance:

i) Future Generali Sampoorn Loan Suraksha

Future Generali Sampoorn Loan Suraksha provides financial security to assets against the loan taken by the borrowers. It can be taken by an individual, joint life or co-borrower basis as well. It offers coverage for uncertain events of life like death, disability, accidents, critical illness and terminal illness.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 14 years (in case of education loan)
18 years (in case of other loans)
Maximum: 70 years
Age at Maturity75 years
Sum AssuredMinimum: Rs 20,000
Maximum: No Limit (subject to Board Approved Underwriting Guidelines)
Premium Payment TermSingle Premium only
Minimum Group Size20
Policy Term2 to 30 years

**Last Updated on 26-06-2020

ii) Future Generali Group Superannuation Plan

Future Generali Group Superannuation Plan is a non-linked participating group insurance product to offer fund management to the employers of an organisation. The earnings of this policy will be shared through bonuses after completion of every financial year. It offers two schemes, viz., Defined benefit Scheme and Defined Contribution Scheme.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 18 years
Maximum: 79 years
Age at Maturity19 to 80 years
Minimum Contribution at InceptionRs. 2 lakhs
Minimum Group Size10
Policy Term2 to 30 years

**Last Updated on 26-06-2020

iii) Future Generali Group Leave Encashment Plan

Future Generali Group Leave Encashment Plan, a group insurance product that assists the employers' liability in managing the funds. The plan also provides life cover to all the members in the group. The policy account becomes guaranteed once the interest amount gets credited after the first financial year.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 18 years
Maximum: 69 years
Age at Maturity70 years
Sum AssuredRs. 5,000/- (Per Member) Fixed
Minimum Contribution at Scheme LevelRs. 5 lakhs
Mode of PaymentYearly/half-yearly/quarterly
Minimum Group Size10
Policy TermOne Year (Renewable)

**Last Updated on 26-06-2020

iv) Future Generali Group Gratuity Plan

Future Generali Group Gratuity Plan is a non-participating and non-linked group gratuity policy that offers fund management of the group members. The interest income earned by the policy also gets added after every financial year. The plan provides investment returns which helps to build the gratuity fund in a systematic way along at affordable prices.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 18 years
Maximum: 69 years
Age at Maturity70 years
Sum AssuredRs. 5,000/- (Per Member) Fixed
Minimum Contribution at Scheme LevelRs. 5 lakhs
Mode of PaymentYearly/half-yearly/quarterly
Minimum Group Size10
Policy TermOne Year (Renewable)

**Last Updated on 26-06-2020

v) Future Generali Group Term Life Insurance Plan

Future Generali Group Term Life Insurance Plan is a way to provide life coverage to all the members of a group under a single plan. The process of addition and deletion of members on a monthly basis can be done in this policy. It acts as a tool to provide incentives to the employees and strengthen employee retention programs.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 18 years
Maximum: 69 years
Age at Maturity70 years
Premium Per Group/SchemeMinimum: Rs 2,500
Maximum: No Limit
Minimum Sum AssuredRural and Social Group
if the Number of Members is 5,000 or more:
Rs. 5,000/- (Per Member)
Other Groups: Rs. 5,000/- (Per Member)
Minimum Group Size25 members per group
Policy Term1 year Renewable

**Last Updated on 26-06-2020

vi) Future Generali Comprehensive Employee Benefits Plan

Future Generali Comprehensive Employee Benefits Plan, as the name suggests is a complete solution to manage employees' benefits like leave encashment, superannuation and gratuity. The plan is liable to add guaranteed bonuses that help in boosting funds every year. Under the plan, employers can enjoy the advantage of Automatic & Systematic Transfer of Funds easily.

Eligibility Criteria

Age at Entry (last birthday)Minimum: 18 years
Maximum: 79 years
Age at Maturity80 years
Minimum Sum Assured per memberRs. 5,000 per member for gratuity and leave Encashment and NIL for superannuation
Premium Payment TermSingle Premium only
Minimum Group Size10
Policy Term1 year renewable

**Last Updated on 26-06-2020

vii) Future Generali Loan Suraksha

Future Generali Loan Suraksha is a type of group insurance plan with an objective to provide financial security to its loan borrowers along with life cover. It offers coverage against a broad range of loans such as vehicle loans, home loans, education loans, personal loans, business loans, etc

Eligibility Criteria

Age at Entry (last birthday)Minimum: 18 years
Maximum: 65 years
Age at Maturity70 years
Minimum Sum AssuredRs. 20,000
Premium Payment TermSingle Premium only
Minimum Group Size50
Policy Term2 to 30 years

**Last Updated on 26-06-2020

Why Purchase Future Generali Life Insurance Plans?

Security : Future Generali life insurance plans provide financial security against any loans like home loan, car loan, etc. In case of an unfortunate demise of the policyholder, your family would not suffer. The life insurance policy by Future Generali will clear your debts and loans by taking care of your family's basic needs as well.

Savings & Wealth Creation : Future Generali ULIP plans allow you to earn additional income by means of 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.

Future Generali Life Insurance: Claim Settlement Process

Claim Intimation:

The beneficiary of the life insurance policy is required to intimate the company about the incident. Submit a duly filled claim form along with the death or medical certificate authorised by the hospital and bank details. The submission should be at the nearest branch from your location. You can directly search the nearest branch from the company's website.

Documents Required:

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

  • Death certificate.
  • Original policy documents.
  • Photocopy of passbook, bank statement or cancelled cheque.
  • Birth certificate for date of birth proof.
  • 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.

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 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 claimant. If the claim gets accepted, the claim amount will be transferred to the beneficiary's account within 10 working days.

Future Generali Life Insurance: Contact Details

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. You will see an option of 'Live Chat' or 'Reach Out to REVA' present at the extreme below right-hand side corner of the page.

[Customer executives are available from 8:00 am - 8:00 pm, Monday to Friday]

Send Message: SMS 'keyword' to 9222211100

Type of RequestShortcode/Keyword
For service requestsSERVE
For product queriesPRODUCT
For renewal related queriesREN

**Last Updated on 26-06-2020

Company representative shall call you back within a maximum of 2 hours [8 am - 8 pm all days of the week]

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

Future Generali Life Insurance : FAQs

1. As an NRI, is it possible for me to buy a Future Generali Life insurance policy?

Yes, it is possible to buy Future Generali Life insurance policy.

2. May I know whether 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.

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

You need to visit the official website of Future Generali Life and login 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 for Future Generali Life Insurance policy. Else you can call at the toll-free number 1800-102-2355 or write an email at claims.support[at]futuregenerali[dot]in

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

Yes, the company has a mobile application available for life insurance policies, namely, “FG Insure - Customer App”.

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

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

6. I used to smoke 5 years back and now I want to buy Future Generali Flexi Online Term Plan for me. Will I be eligible for the purchase?

Yes, if an individual has left smoking or tobacco in any form for at least 3 years, he/she will be eligible to buy Future Generali Flexi Online Term Plan.

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

Yes, Waiver of Premium (WoP) benefit is applicable for Future Generali Cancer Protect Plan on the diagnosis of cancer within the policy term. However, this benefit is not applicable to the Single Premium payment option.

8. 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.

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

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

  • Reducing Cover
  • Level Cover

10. How many partial withdrawals are allowed for my Future Generali Wealth Protect Plan?

Future Generali Wealth Protect Plan offers up to 6 withdrawals per year that are free of cost. While additional charges may apply, i.e., Rs. 200 per extra partial withdrawal in a policy year.

Last updated on 26-06-2020