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Future Generali Term vs Sbi 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.

Sbi Term Insurance

One of the most trusted life insurance companies was incorporated in October 2000. SBI Term Plans are designed to fulfill customers various needs and demands.

COMPANY DETAILS

Future Generali Term

Sbi Term Insurance

Rating	Rating 4.6	Rating 4.6
Number of term insurance plans and add-ons	No. of Plans 1	No. of Plans 12
Annual Premiums Collected (2023-24)	Annual Premiums Collected (2023-24) Rs 1758.01 crores	Annual Premiums Collected (2023-24) 430.64 Cr
Payout Options	Payout Options Lump sum, monthly, or a combination of both	Payout Options Lump sum, monthly, or a combination of both
Claim ratio	Payout Options 95.04%	Payout Options 98.25%
Solvency Ratio	Solvency Ratio 2	Solvency Ratio 2
Pan India Presence	Pan India Presence 120+ branches	Pan India Presence 1086
Riders Available	Riders Available Accidental Death Benefit Rider, Accidental Total Permanent Disability Protection Rider, Critical Illness Benefit Rider	Riders Available Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider
Policy Term	Policy Term 5 to 30 years	Policy Term 10 to 30 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)

SBI Term Insurance

Explore India’s best-selling Term insurance plans below

One of the most trusted life insurance companies was incorporated in October 2000. SBI Term Plans are designed to fulfill customers various needs and demands.

SBI Life Sampoorna Suraksha Plan

In an unpredictable world safeguarding yourself and your family's future against any serious disease or forbidden threat of critical illness, such as ...

Unique Features

Lump Sum Payouts
Sum Assured Reset Benefit
Waiver Of Premium Benefit

SBI Life Sampoorna Suraksha Plan (Pros)

Cover All Stages of Cancer
Staged Lump Sum Payouts
Reset Benefit

SBI Life Sampoorna Suraksha Plan (Cons)

No Policy Loan
No Surrender Benefit
No Maturity Benefit

SBI Life Sampoorna Suraksha Plan (Other Benefits)

Second Medical Opinion
In built Premium Waiver Benefit
Tax Benefits

SBI Life Sampoorna Suraksha Plan (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - ₹10L
Maximum Maturity Age - 75 Yrs
Premium Payment Term - RP

SBI Life Arogya Shield Plan

SBI Life Arogya Shield is a health-plus life combination plan from SBI General Insurance and SBI Life Insurance that offers health and pure term life ...

Unique Features

Combination Plan
Hospitalization Cover
Discount on Premiums

SBI Life Arogya Shield Plan (Pros)

Health Cover
Pure Term Life Cover
Cashless Claims

SBI Life Arogya Shield Plan (Cons)

No Survival Benefit
No Maturity Benefit
No Surrender Benefit

SBI Life Arogya Shield Plan (Other Benefits)

Large Sum Assured Discounts
Death Benefit
Hospitalization Cover

SBI Life Arogya Shield Plan (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - ₹5L
Maximum Maturity Age - 70 Yrs
Premium Payment Term - RP/SP

SBI Smart Swadhan Supreme

Usually, a term plan provides financial security to your loved ones in return for the premium you have paid during the policy term. But once in a whil...

Unique Features

Maturity benefits
Flexible policy term
Tax benefits under section 80C

SBI Smart Swadhan Supreme (Pros)

Maturity benefits
Flexible policy term
Tax benefits under section 80C

SBI Smart Swadhan Supreme (Cons)

No Policy Loan
Suicidal Clause
Death Due to Adventure Sports

SBI Smart Swadhan Supreme (Other Benefits)

Get Maturity Benefit
Multiple Premium Payment Term
Life Cover Up To 75 years

SBI Smart Swadhan Supreme (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 60 Years
Minimum Sum Assured - ₹25L
Maximum Maturity Age - 75 Yrs
Premium Payment Term - RP/LP

SBI Life Saral Swadhan Supreme

"A plan which returns all the paid premiums back upon completion of the policy term" Several term insurance plans provide insurance coverage for the p...

Unique Features

Affordable plan
Return of premium option
Tax benefit

SBI Life Saral Swadhan Supreme (Pros)

Maturity Benefit
Add-on Riders
Tax Benefits

SBI Life Saral Swadhan Supreme (Cons)

Suicidal Clause
Waiting Period
No Policy Loan

SBI Life Saral Swadhan Supreme (Other Benefits)

Flexible Policy/ Premium Payment Term
Death Benefit
Surrender Benefit

SBI Life Saral Swadhan Supreme (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 60 Years
Minimum Sum Assured - ₹25L
Maximum Maturity Age - 75 Yrs
Premium Payment Term - LP/RP

SBI Life Smart Shield

As we grow older our responsibilities grow. Are you worried that your term plan might not be enough as your life will move forward? Fret not! SBI Life...

Unique Features

Two Plan options
30% Premium discount
Tax benefits

SBI Life Smart Shield (Pros)

Choice of Plan Options
Online Discount
Earn Rewards for Healthy Lifestyle

SBI Life Smart Shield (Cons)

No Policy Loan
No Surrender Value
No Maturity Benefit

SBI Life Smart Shield (Other Benefits)

High Sum Assured Discount
Optional Riders
Tax Benefits

SBI Life Smart Shield (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 60 Years
Minimum Sum Assured - ₹25L
Maximum Maturity Age - 80 Yrs
Premium Payment Term - SP/RP

SBI Life eShield Plan

We can never know about what the future holds for us. And when you've the responsibility of supporting the family on your shoulders, then it becomes v...

Unique Features

Choose your sum assured
Terminal illness cover
Non-smoker discounts

SBI Life eShield Plan (Pros)

Terminal Illness Benefit
Discounts for Non-Smoker
Level Cover

SBI Life eShield Plan (Cons)

No Policy Loan
No Surrender Value
No Maturity Benefit

SBI Life eShield Plan (Other Benefits)

Choice of Life Cover
Medical Second Opinion Service
Tax Benefits

SBI Life eShield Plan (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - ₹35L
Maximum Maturity Age - 80 Yrs
Premium Payment Term - RP

SBI eShield Next Plan

SBI Life eShield Next, launched by SBI Life is a new age term insurance plan that enables you to take care of your current requirements and your chang...

Unique Features

Better Half Benefit
3 Plan options
Terminal Illness Benefit

SBI eShield Next Plan (Pros)

Whole Life Cover
Terminal Illness Benefit
Choice of Plan Options

SBI eShield Next Plan (Cons)

No Policy Loan
No Surrender Value
No Maturity Benefit

SBI eShield Next Plan (Other Benefits)

Increasing Cover Benefit
Future Proofing Benefit
Optional Riders

SBI eShield Next Plan (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - ₹50L
Maximum Maturity Age - 100 Yrs
Premium Payment Term - RP/SP/LP

SBI Life Grameen Bima Yojana

According to IRDAI, a medical examination test is necessary for purchasing any Yojana. However, sometimes, a delay in a report or minor health issues ...

Unique Features

Instant Processing
Easy Enrollment
Single Premium

SBI Life Grameen Bima Yojana (Pros)

Instant Processing
Easy Enrollment
Single Premium

SBI Life Grameen Bima Yojana (Cons)

No Policy Loan
No Surrender Benefit
No Maturity Benefit

SBI Life Grameen Bima Yojana (Other Benefits)

Death Benefit
Short Term Cover
Tax Benefit

SBI Life Grameen Bima Yojana (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 50 Years
Minimum Sum Assured - ₹10 K
Maximum Maturity Age - 60 Yrs
Premium Payment Term - SP

SBI Life Poorna Suraksha

SBI Life - Poorna Suraksha is an Individual, Non-Linked, Non-Participating Life Insurance, Pure Risk Premium Product with in-built Critical Illness co...

Unique Features

Cover 36 Critical Illness
Avail Premium Waiver
Avail Fixed Premium

SBI Life Poorna Suraksha (Pros)

In-built Premium Waiver
Critical Illness Cover
Life-Stage Rebalancing

SBI Life Poorna Suraksha (Cons)

No Policy Loan
No Surrender Value
No Maturity Benefit

SBI Life Poorna Suraksha (Other Benefits)

Fixed Premium
High Life Cover
High Sum Assured Discounts

SBI Life Poorna Suraksha (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - ₹5L
Maximum Maturity Age - 75 Yrs
Premium Payment Term - RP

SBI Life Smart Swadhan Plus

SBI Term Insurance company offers a comprehensive term insurance plan called SBI Life Smart Swadhan Plus policy, which aims at fulfilling the future f...

Unique Features

Return of Premium Feature
High Sum Assured Discount
Life Cover Up To 75 Years

SBI Life Smart Swadhan Plus (Pros)

Choice of Plan Options
Multiple Premium Payment Term
High Sum Assured Discount

SBI Life Smart Swadhan Plus (Cons)

No Surrender Benefit
Suicide Clause
No Policy Loan

SBI Life Smart Swadhan Plus (Other Benefits)

Return of Premium Feature
Life Cover Benefit
Life Cover Up To 75 Years

SBI Life Smart Swadhan Plus (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - ₹5L
Maximum Maturity Age - 75 Yrs
Premium Payment Term - RP/SP/LP

SBI Saral Jeevan Bima

Security for your loved ones is available with the SBI Life Saral Jeevan Bima Plan at a reasonable cost. It is a straightforward policy that offers th...

Unique Features

Standard plan
Affordable premiums
Tax benefits

SBI Saral Jeevan Bima (Pros)

Simple Term Plan
Affordable Premiums
Tax Benefits

SBI Saral Jeevan Bima (Cons)

No Surrender Benefit
No Maturity Benefit
No Policy Loan

SBI Saral Jeevan Bima (Other Benefits)

Instant Issuance
Life Cover Up To 70 Years
High Life Cover

SBI Saral Jeevan Bima (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 60 Years
Minimum Sum Assured - ₹5L
Maximum Maturity Age - 70 Yrs
Premium Payment Term - RP/SP/LP

SBI Life Saral Swadhan Plus Plan

SBI Saral Swadhan Plus is an individual, non-linked, non-participating, life insurance plan that gives you a fixed life cover throughout the policy te...

Unique Features

Death benefit
Maturity Benefit
Survival benefit

SBI Life Saral Swadhan Plus Plan (Pros)

Death Benefit
Maturity Benefit
Surrender Benefit

SBI Life Saral Swadhan Plus Plan (Cons)

No Policy Loan
Suicide Clause
Waiting Period

SBI Life Saral Swadhan Plus Plan (Other Benefits)

Paid Up Value
Easy Enrolment
Value for Money

SBI Life Saral Swadhan Plus Plan (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age- 55 Years
Minimum Sum Assured - ₹30K
Maximum Maturity Age - 70 Yrs
Premium Payment Term - RP/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
SBI Life Accidental Death Benefit Rider	An accidental death benefit rider provides an additional sum assured if the policyholder dies within 120 days due to an accident.
SBI Life Accidental Total and Permanent Disability Rider	The accidental total and permanent disability rider offers the rider sum assured if the policyholder suffers from total and permanent disability due to an accident.

Future Generali Term vs Sbi Term Insurance

Compare

Future Generali Term vs Sbi Term Insurance

Future Generali Term

Sbi Term Insurance

Know More About Companies

Overview

Future Generali Term Insurance: Overview

SBI Term Insurance: Overview

Riders

Riders You Can Avail With Future Generali Term Insurance Plans

Riders You Can Avail With SBI Life 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)

SBI Term Insurance

SBI Life Sampoorna Suraksha Plan (Pros)

SBI Life Sampoorna Suraksha Plan (Cons)

SBI Life Sampoorna Suraksha Plan (Other Benefits)

SBI Life Sampoorna Suraksha Plan (Eligibility Criteria)

SBI Life Arogya Shield Plan (Pros)

SBI Life Arogya Shield Plan (Cons)

SBI Life Arogya Shield Plan (Other Benefits)

SBI Life Arogya Shield Plan (Eligibility Criteria)

SBI Smart Swadhan Supreme (Pros)

SBI Smart Swadhan Supreme (Cons)

SBI Smart Swadhan Supreme (Other Benefits)

SBI Smart Swadhan Supreme (Eligibility Criteria)

SBI Life Saral Swadhan Supreme (Pros)

SBI Life Saral Swadhan Supreme (Cons)

SBI Life Saral Swadhan Supreme (Other Benefits)

SBI Life Saral Swadhan Supreme (Eligibility Criteria)

SBI Life Smart Shield (Pros)

SBI Life Smart Shield (Cons)

SBI Life Smart Shield (Other Benefits)

SBI Life Smart Shield (Eligibility Criteria)

SBI Life eShield Plan (Pros)

SBI Life eShield Plan (Cons)

SBI Life eShield Plan (Other Benefits)

SBI Life eShield Plan (Eligibility Criteria)

SBI eShield Next Plan (Pros)

SBI eShield Next Plan (Cons)

SBI eShield Next Plan (Other Benefits)

SBI eShield Next Plan (Eligibility Criteria)

SBI Life Grameen Bima Yojana (Pros)

SBI Life Grameen Bima Yojana (Cons)

SBI Life Grameen Bima Yojana (Other Benefits)

SBI Life Grameen Bima Yojana (Eligibility Criteria)

SBI Life Poorna Suraksha (Pros)

SBI Life Poorna Suraksha (Cons)

SBI Life Poorna Suraksha (Other Benefits)

SBI Life Poorna Suraksha (Eligibility Criteria)

SBI Life Smart Swadhan Plus (Pros)

SBI Life Smart Swadhan Plus (Cons)

SBI Life Smart Swadhan Plus (Other Benefits)

SBI Life Smart Swadhan Plus (Eligibility Criteria)

SBI Saral Jeevan Bima (Pros)

SBI Saral Jeevan Bima (Cons)

SBI Saral Jeevan Bima (Other Benefits)

SBI Saral Jeevan Bima (Eligibility Criteria)

SBI Life Saral Swadhan Plus Plan (Pros)

SBI Life Saral Swadhan Plus Plan (Cons)

SBI Life Saral Swadhan Plus Plan (Other Benefits)

SBI Life Saral Swadhan Plus Plan (Eligibility Criteria)

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