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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.