Future GeneraliTerm Insurance
  • Discounts for non-smokers
  • Long term coverage
  • Flexible policy terms
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Future Generali Term Insurance Plans

Future Generali Insurance is a joint venture between two industry titans 'Future Group and 'Generali Group'. Future Generali Term Insurance Plans are instruments that offer you the chance to protect your family from financial adversaries in your absence and allowing them to lead a life without making any financial compromises.

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

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

Future Generali Term Plans are customizable with affordable premiums and loaded with features. Read further to explore more about Future Generali Term Insurance Plans.

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Secure Your Future with Future Generali Term Insurance Plans!

Secure Your Future with Future Generali Term Insurance Plans!

Key Features of Future Generali Insurance

Future Generali Insurance has established themselves as industry leaders over the years by showcasing record numbers and statistics that depict the mettle of their expertise in the insurance industry. They provide economical and smart insurance solutions, let us take a look at the brilliant policy makers key features:

  • Annual Premium: As per the IRDAI report 2021-22, Future Generali Insurance recorded an annual premium of Rs. 1433.54 Crores.
  • Solvency Ratio: The solvency ratio of the company helps an individual ascertain the company's ability to meet its long-term financial obligations.
    The Solvency Ratio of Future Generali Life Insurance company for 2021-22 is 1.7 (As per the IRDAI, it is mandatory for every life insurer to maintain a solvency ratio of 1.5).
  • Claim Settlement Ratio: The company holds a good and reliable claim settling process with a CSR of 96.15%. (CSR as per IRDAI report of the year 2021-22).
  • Operating Network: Future Generali Insurance Company has 120+ branches across India and additional distribution touch-points through several new tie-ups and partnerships. Apart from its PAN India presence, it has more than 20000+ Individual agent network. Moreover, it also has a strong base of financial consultants.
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All You Need To Know About Future Generali Term Insurance? Find complete details in one go!

Future Generali Insurance Plans Why Buy Future Generali Term Insurance? Riders Check Future Generali Term Premium Calculator Buying Process Claim Settlement Process

Why choose Future Generali Insurance Company?

  • Flexible Coverage Options: Future Generali Term Insurance Plans offer a myriad of options in terms of coverage. Term plans offered by Future Generali offer their customers to create their own plans by customizing their coverage options.
  • Longer Protection Period: Some unique term insurance plans offered by Future Generali Insurance provide a longer period of protection up to the age of 75 years.
  • Lower Premium Rates: Future Generali Insurance provides lower premium rates for women.
  • Higher Sum Assured Premium Discounts: Future Generali also offers a discount on premium rates to their customers who opt for a higher sum assured.
  • Tax Benefits: Tax Benefits can be availed for premium payments of Future Generali Term Plans under sections 80C and 10 (10D) of the income tax act 1961.

Future Generali Term Insurance Plans

To secure your family's needs, Future Generali Term Insurance offers five term insurance plans through online and offline modes from which you can choose a well-suited plan for yourself:

Comprehensive Plan

Future Generali Care Plus

This term insurance plan offers two different options to choose from like life cover and life cover with an accidental death benefit.

Unique Features

  • Affordable premiums
  • 48 hours Claim Settlement
  • Discounts for women

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)

Standard Plan

Future Generali Saral Jeevan Bima

This policy will cover death due to accident only, during the waiting period of 45 days from the Date of Commencement of Risk.

Unique Features

  • Flexible premium payment terms
  • Death benefit
  • Tax Benefits

Saral Jeevan Bima (Pros)

  • Available For Online Buying
  • Max Sum Assured 25L
  • Choose To pay Premium Once

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Yrs

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - 70 Yrs
  • Premium Payment Term - RP/SP/LP (5&10 Yrs)

Critical Illness Plan

Future Generali Express Term Life Plan

Comes with several variants like life cover option, extra life cover option, life plus health cover option, and all-in-one cover option.

Unique Features

  • 4 plan variants
  • Flexible premium payment
  • Death benefit

Express Term Life Plan (Pros)

  • 34 Critical Illnesses Covered
  • Terminal Illness Cover
  • Accidental Total and Permanent Disability

Express Term Life Plan (Cons)

  • No Rider Benefit
  • No Surrender Benefit
  • No Policy Loan Allowed

Express Term Life Plan (Other Benefits)

  • Discount For Women
  • Suicide Cover After 1 Year
  • Tax Benefits (Section 80C and 10(10D))

Express Term Life Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - 5 To 10 Yrs

Protection Plan

Future Generali Flexi Online Term Plan

The plan offers life cover up to the age of 75 years and lower premium rates for women and non-smokers with 4 payout options.

Unique Features

  • Online Available Plan
  • Accidental Benefit Rider
  • 105 % Death Benefit

Flexi Online Term Plan (Pros)

  • Flexible Coverage Option
  • High Sum Assured Rebate
  • Maturity Benefit

Flexi Online Term Plan (Cons)

  • No Paid Up Value
  • No Surrender Benefit
  • No Policy Loan Allowed

Flexi Online Term Plan (Other Benefits)

  • Discount For Women
  • Suicide Cover After 1 Year
  • Tax Benefits (Section 80C and 10(10D))

Flexi Online Term Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 55 Years
  • Minimum Sum Assured - 50 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - Equal to Policy Term

Standard Plan

Future Generali Jan Suraksha

Coverage in a single premium payment (at low costs). It helps the family of the life assured to deal with the liabilities in case of his/her unfortunate death.

Unique Features

  • Safeguards against loans
  • One-time premium
  • Tax Benefit

Jan Suraksha (Pros)

  • Death Benefit: 5 times the SP
  • Surrender Benefit
  • Affordable Premium

Jan Suraksha (Cons)

  • No Policy Discount
  • No Rider Benefit
  • No Policy Loan Allowed

Jan Suraksha (Other Benefits)

  • Plan For Lower Income Group
  • Easy Claim Settlement
  • Suicide Cover After 1 Year

Jan Suraksha (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 50 Years
  • Minimum Sum Assured - NA
  • Maximum Maturity Age - 8 Yrs
  • Premium Payment Term - SP

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Future Generali Term Plan Riders

Future Generali Accidental Benefit Rider

Future Generali Accidental Benefit Rider is an optional rider that you can select with certain select plans and is available with Future Generali Flexi Online term plan. It further has two options:

  • Option 1: Accidental Death Protection
  • Option 2: Accidental Death and Accidental Total and Permanent Disability Protection

It provides a minimum sum assured of Rs. 50,000.

Calculate Future Generali Term Insurance Premium

To calculate Future Generali Term Insurance Premiums, policyholders can turn to Future Generali Term Insurance Premium Calculator or download their Term Plan brochure. It is an online tool that allows the policyholder to calculate their term plan premiums in advance.

Take a look below at some of the sample premiums of Future Generali Term plans:

Future Generali Care Plus

Sum Assured (in Rs.)25 Lakhs50 Lakhs1 Crore
Monthly Premium Payable(in Rs.)4679351,305

* Premiums calculated for a 30-year old, non-smoker male. Chosen plan option is "Life Cover only" with a premium payment term of 30 years and monthly premium payment frequency.

Future Generali Saral Jeevan Bima

Sum Assured (in Rs.)15 Lakhs20 Lakhs25 Lakhs
Monthly Premium Payable(in Rs.)512683854

* Premiums calculated for a 30-year old, non-smoker male. The chosen premium paying term and policy cover is of 10 years.

Future Generali Express Term Life Plan

AgeLife Cover OptionExtra Life Cover OptionLife Plus Health CoverAll in one cover
30Rs.7,032Rs.11,032Rs.18,396Rs.22,396
35Rs.9,863Rs.13,863Rs.26,880Rs.30,880
40Rs.14,611Rs.18,611Rs.39,769Rs.43,769
45Rs.22,138Rs.26,138Rs.63,565Rs.67,565

*Sample premium for a healthy non-smoker fully underwritten male lives (excluding applicable taxes, extra underwriting premium and modal loading, if any) with Policy Term of 25 years and Premium Paying Term of 25 years with Base Sum Assured of `1 crore, Accidental Death Sum Assured of `1 crore (if applicable), Critical Illness Sum Assured of `50 lakhs (if applicable).

Future Generali Flexi Online Term Plan

Sum Assured (in Rs.)75 Lakhs1 Crore1.5 Crore
Monthly Premium Payable(in Rs.)7079041,356

*Premiums calculated for a 30-year old, non-smoker male. Premiums are illustrated for a policy term and premium payment term of 45 years.

Future Generali Jan Suraksha Plan

Age BandSingle Premium (exclusive of taxes)
500750
18-2514,00021,000
26-3012,00018,000
31-3510,00015,000
36-407,50011,500
41-455,0007,500
46-50N/A5,000

How To Buy Future Generali Term Insurance Plans?

Future Generali Insurance allows you to buy a term insurance plan via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of the buying process.

Steps to buy from PolicyX.com

  • Fill out the form given at the top of this page with the necessary details.
  • Select your income and city. Click on 'Proceed'.
  • Update your education and occupation details.
  • Choose your preferred plan and click on 'Buy this plan'.
  • Select policy term, premium period, and riders (if required) and then proceed to do the payment.

**Once the payment is made, you will get a payment confirmation at your registered email address.

Steps to buy from Future Generali Insurance company

  • Visit the official website of Future Generali Insurance Company.
  • Click and calculate a quotation as per your requirement.
  • Fill in all the details required in an online application form.
  • Pay your premium via debit or credit card.
  • Submit all the required documents online.

**Once the payment is made, you will get a payment confirmation at your registered email address.

Live your Dream after retirement
Live your Dream after retirement

How to File Future Generali Term Insurance Claims?

Filing a claim for Future Generali Term Plan is a simple and hassle-free task. You can easily fill and submit their claims online or offline. To file a claim for Future Generali Term Plan, you need to follow the below-mentioned steps.

1. Claim Intimation

  • Inform the company about the crisis/incident.

2. Claim Processing

  • Proceed with the application with the help of the claim officer.
  • The Insurance company will evaluate all the required details and might contact the nominee/claimant in case of further clarification.
  • Approval will be informed via SMS or letter by the insurer.

3. Claim Decision

  • On receiving all the necessary documents, the insurer will make the final decision of acceptance/rejection of the claim. The same will be communicated to the nominee/claimant.
  • If the claim gets accepted, the claim amount will be transferred to the registered bank account within 10 working days.

How to Contact Future Generali Life Insurance Company?

fgcare@futuregenerali.in

1800 220 233/ 1860 500 3333
(Available from 7:00 am to 10:00 pm IST)

Future Generali Term Insurance: FAQs

1. What is the total coverage period if I opt for Joint Life Cover?

The total period can range from 10-40 years.

2. How does the Critical Illness Rider work?

If the policyholder is diagnosed with any of the pre-specified critical illnesses during the policy term, (s)he is liable to receive 25% of the sum assured immediately as a lump sum amount.

3. What happens if I pay an extra premium against my plan?

The extra amount will be adjusted against future premiums. The policyholder does not earn any interest on the excess premium paid.

4. What happens if I do not pay the term insurance renewal premium by the due date?

PNB MetLife term plans come with a grace period of 30 days. If the premium is not paid within this period, the policy will lapse. In order to reactivate the plan again, the insured has to complete certain reinstatement requirements, which may include a few medical tests and additional charges.

5. May I know whether the 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.

6. How to check the policy status of the Future Generali Term plan?

You need to visit the official website of Future Generali Term Insurance and log in 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.

OR

You can call the toll-free number 1800-102-2355 or write an email at claims.support@futuregenerali.in

7. Is there any mobile application available for the Future Generali Term Insurance plan?

Yes, the company has a mobile application named- FG Life - Customer App.

8. Can I get a Future Generali term plan if I am a smoker or tobacco user?

Yes, you can. You just need to pay a higher premium as compared to a non-smoker.

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

Yes, it's there. However, this benefit does not apply to the Single Premium payment option.

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