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Future Generali Term vs Axis Max Term Insurance

Future Generali Term

Future Generali India Life Insurance Company has a presence in 1300+ owned and partnered locations in India and offers insurance solutions across both, the individual and group.

Axis Max Term Insurance

A joint venture between Axis Bank and Max Financial Services Limited, it is one of the leading insurance providers offering various insurance instruments to their customers.

COMPANY DETAILS

Future Generali Term

Axis Max Term Insurance

Rating	Rating 4.6	Rating 4.6
Number of term insurance plans and add-ons	No. of Plans 1	No. of Plans 4
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) Rs 1758.01 crores	Annual Premiums Collected (2023-24) 29528.97 Cr
Payout Options	Payout Options Lump sum, monthly, or a combination of both	Payout Options Lump sum, monthly/quarterly/half-yearly/yearly or a combination of both
Claim ratio	Payout Options 95.04%	Payout Options 99.70%
Solvency Ratio	Solvency Ratio 2	Solvency Ratio 1.8
Pan India Presence	Pan India Presence 120+ branches	Pan India Presence 304
Riders Available	Riders Available Accidental Death Benefit Rider, Accidental Total Permanent Disability Protection Rider, Critical Illness Benefit Rider	Riders Available Waiver of Premium, Comprehensive Accident Benefit Rider,Terminal Illness Rider, Total and Permanent Disability Cover, Critical Illness and Disability Rider
Policy Term	Policy Term 5 to 30 years	Policy Term 10 to 67 years

Know More About Companies

Overview

Future Generali Term Insurance: Overview

Future Generali Insurance is a joint venture between two industry titans, 'Future Group' and 'Generali Group'. Future Generali term insurance plans offer you the chance to protect your family from financial adversaries in your absence and allow them to lead a life without making any financial compromises.

The company was incorporated in September 2007 to provide retail, commercial, personal, and rural insurance solutions to individuals and corporations to help them manage and mitigate risks. Future Generali is also one of the very few insurers who take care not only of your family members but also offer health insurance for your pet.

Future Generali offers a variety of term insurance plans that offer protection to your loved ones. The company has total assets under management of the value of Rs. 5300 crores, over 3 million policies sold across India, and 2.6+ lakh claims settled per year.

Future Generali offers 5 online term insurance plans: Care Plus, Saral Jeevan Bima, Express Term Life, Flexi Online Term, and Jan Suraksha. Each plan has its benefits or features and is designed to serve different objectives.

What are some of the
Benefits
that set them apart?

Stay protected against 34 critical illnesses
Tax benefits under section 80C or 10(10D)
Avail high sum assured discount
Get life cover at affordable premiums

Special premium rates for women
Increasing Income Protection
Monthly income benefit

Riders

Riders You Can Avail With Future Generali Term Insurance Plans

Name of the rider	Benefits
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.

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Future Generali Term Insurance

Explore India’s best-selling Term insurance plans below

Future Generali India Life Insurance Company has a presence in 1300+ owned and partnered locations in India and offers insurance solutions across both, the individual and group.

Future Generali Care Plus

Future Generali Care Plus Plan is a pure protection term plan designed to offer a financial shield for an individual and their family in the case of u...

Unique Features

Death Benefit
2 Plan Options
Accidental Rider

Future Generali Care Plus (Pros)

Discount on Higher SA
Accidental Death Rider
Customizable Plan

Future Generali Care Plus (Cons)

No Maturity Benefit
No Surrender Benefit
No Policy Loan Allowed

Future Generali Care Plus (Other Benefits)

2 Indicative Premium Rates
1 Cr Sum Assured Plan
Suicide Cover After 1 Year

Future Generali Care Plus (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - 25 L
Maximum Maturity Age - 85 Yrs
Premium Payment Term - 25 Yrs (RP)

Axis Max Life Term Insurance

Explore India’s best-selling Term insurance plans below

A joint venture between Axis Bank and Max Financial Services Limited, it is one of the leading insurance providers offering various insurance instruments to their customers.

Axis Max Life Premium Return Protection

Axis Max Life Premium Return Protection Plan is a simple term insurance plan that offers coverage along with a 'Return of Premium' benefit. The plan o...

Unique Features

Return of Premium Plan
Flexible-Premium Payment Term
1 Crore Max Sum Assured

Axis Max Life Premium Return Protection (Pros)

Terminal Illness Benefit
Smart Exit Benefit
Acceleration Death Benefit

Axis Max Life Premium Return Protection (Cons)

1 Year WP for Suicide
No Policy Loans
No Pre-existing Conditions

Axis Max Life Premium Return Protection (Other Benefits)

Death Benefit in Instalments
RP
WOP & 3 Riders
Additional Cover for Spouse

Axis Max Life Premium Return Protection (Eligibility Criteria)

Entry Age - 18 Years
Max Entry Age - 84 years
Minimum Sum Assured - Adaptable
Maximum Maturity Age - 85 years
Premium Payment Term - RP/SP/LP

Axis Max Life Smart Total Elite Protection

Have you ever heard of a term plan that gives you a 12-month grace period before paying your next premium? Axis Max Life Smart Total Elite Protection ...

Unique Features

Cover continuous benefit
Terminal illness cover
Early exit benefit

Axis Max Life Smart Total Elite Protection (Pros)

Special Exit Value
Accident Cover
Terminal Illness Cover

Axis Max Life Smart Total Elite Protection (Cons)

1 year WP for suicide
No policy loan
No pre-existing illness cover

Axis Max Life Smart Total Elite Protection (Other Benefits)

Cover continuance benefit
Insta payment
Choose policy term

Axis Max Life Smart Total Elite Protection (Eligibility Criteria)

Entry age - 18 years
Max entry age - 65 years
Min sum assured - 1
Max maturity age - 85 years
PPT - RP/SP/LP

Axis Max Life Smart Secure Plus Plan

Axis Max Life Smart Secure plan is a non-linked, non-participating, individual pure risk premium life insurance plan that is specifically designed to ...

Unique Features

100% return of premium
Loyalty Discount of 5%
Increase your Sum Assured

Axis Max Life Smart Secure Plus Plan (Pros)

Income Protector
Rider Options
Premium Return (ROP)

Axis Max Life Smart Secure Plus Plan (Cons)

Limited Maturity Benefit
Plan Complexity
No Loan Benefit

Axis Max Life Smart Secure Plus Plan (Other Benefits)

Enhance Cover at Milestones
Accelerated Critical Illness Benefit
Accident Cover

Axis Max Life Smart Secure Plus Plan (Eligibility Criteria)

Entry Age - 18 Years
Max Entry Age - 60 years
Minimum Sum Assured - Adaptable
Maximum Maturity Age - NA
Premium Payment Term - RP/SP/LP

Axis Max Life Smart Term Plan Plus

Axis Max Life Smart Term Plan Plus by Axis Max Life Insurance is a unique term insurance plan to meet the changing demands of customers at various lif...

Unique Features

7 Plan Options
Cover Continuance Benefit
Inbuilt Terminal Illness Cover

Axis Max Life Smart Term Plan Plus (Pros)

Choice of Plan Variant
Cover Continuance Benefit
Special Exit Value

Axis Max Life Smart Term Plan Plus (Cons)

1 year WP for suicide
No policy loan
No pre-existing illness cover

Axis Max Life Smart Term Plan Plus (Other Benefits)

Option to Choose Whole Life Cover
Inbuilt Terminal Illness Cover
Special Discount for Females

Axis Max Life Smart Term Plan Plus (Eligibility Criteria)

Entry age - 18 years
Max entry age - 65 years
Min sum assured - Rs 2 lakhs
Max maturity age - 100 years
PPT - RP/SP/LP

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Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

Name of the Rider	Benefits
Axis Max Life Waiver of Premium	It will waive all future premiums, and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of a listed critical illness.
Axis Max Life Comprehensive Accident Benefit Rider	Offers financial help to your dependents in addition to base policy benefits in case of the policyholder’s demise due to an accident.
Axis Max Life Terminal Illness Rider	Offers financial benefits in case the policyholder is diagnosed with any of the terminal illnesses.
Axis Max Life Total and Permanent Disability Cover	This rider offers financial benefits in case the policyholder becomes partially or totally disabled.
Axis Max Life Critical Illness and Disability Rider	In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.

Future Generali TermvsAxis Max Term Insurance

Compare

Future Generali Term vs Axis Max Term Insurance

Future Generali Term

Axis Max Term Insurance

Know More About Companies

Overview

Future Generali Term Insurance: Overview

Axis Max Life Term Insurance Plans: Overview

Riders

Riders You Can Avail With Future Generali Term Insurance Plans

Riders You Can Avail With Axis Max Term Insurance Plans

But how does it work?

Other Term Insurance Companies

Future Generali Term Insurance

Future Generali Care Plus (Pros)

Future Generali Care Plus (Cons)

Future Generali Care Plus (Other Benefits)

Future Generali Care Plus (Eligibility Criteria)

Axis Max Life Term Insurance

Axis Max Life Premium Return Protection (Pros)

Axis Max Life Premium Return Protection (Cons)

Axis Max Life Premium Return Protection (Other Benefits)

Axis Max Life Premium Return Protection (Eligibility Criteria)

Axis Max Life Smart Total Elite Protection (Pros)

Axis Max Life Smart Total Elite Protection (Cons)

Axis Max Life Smart Total Elite Protection (Other Benefits)

Axis Max Life Smart Total Elite Protection (Eligibility Criteria)

Axis Max Life Smart Secure Plus Plan (Pros)

Axis Max Life Smart Secure Plus Plan (Cons)

Axis Max Life Smart Secure Plus Plan (Other Benefits)

Axis Max Life Smart Secure Plus Plan (Eligibility Criteria)

Axis Max Life Smart Term Plan Plus (Pros)

Axis Max Life Smart Term Plan Plus (Cons)

Axis Max Life Smart Term Plan Plus (Other Benefits)

Axis Max Life Smart Term Plan Plus (Eligibility Criteria)

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Reviewed By: Naval Goel

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Future Generali Term
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