Claim Settlement Ratio
Future Generali India Life Insurance's claim settlement ratio (CSR) for FY 2024-25 was 99.78%, which is considered reliable and indicates the insurer's ability to manage and resolve claims.
Tax Advantage
With Future Generali term plans, you can maximize your tax savings under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
Good Solvency Ratio
The solvency ratio is an important metric that estimates an insurer's ability to pay claims. In the latest report by IRDAI (2024-25), Future Generali Life Insurance maintains an impressive solvency ratio of 1.70.
Ease of Purchase
Future Generali Life Insurance offers a do-it-yourself process to purchase Future Generali term plans online from the comfort of your home via their official website or PolicyX.com.
Affordable Premiums
Future Generali Term Plans are available at affordable premiums for individuals to buy directly from their website or PolicyX.com.
Eligibility Criteria of Future Generali Term Insurance Plans
To purchase a Future Generali term insurance plan in 2025, certain eligibility criteria must be met:
- Age: A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder's age is a key factor in the term insurance plan's premium.
- Health Condition: Since a Future Generali term insurance plan insures the policyholder's life, most insurance providers require a policyholder to undergo a health examination to determine their current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement.
- Income: A Future Generali term insurance plan has no specified minimum income requirement. However, you might be asked for bank statement copies and salary slips to determine the coverage on your term plan.
- Smoking Habits: If you smoke or have been a smoker in the past, you must disclose this information to the insurer, as smokers are exposed to severe health hazards like lung cancer.
- Citizenship: Indian citizens can buy a Future Generali term insurance plan in India in their name. NRIs or PIOs can also leverage the benefits of a term insurance plan in India.
Additional Benefits Offered By Future Generali India Term Insurance Plans
The features and additional benefits of the Future Generali India Life Term Insurance plans are as follows:
Accidental Death Benefit
Get an extra payout on top of the base cover in case of death due to an accident.
High Sum Assured Discount
Get an additional discount on premium if you opt for a high sum assured amount.
Premium Discounts
The plan offers special premium rates for women policyholders or non-smokers.
Increasing Monthly Income
A term plan with increasing monthly income offers monthly installments that grow over time to beat inflation.
Critical Illness Cover
If you are diagnosed with any of the listed critical illnesses, you can claim a partial or total sum assured amount while you're still alive to cover hospital bills, doctor's fees, and other expenses.
Types of Future Generali Term Plans
Future Generali India Life Insurance offers various types of term plans to suit the requirements of every individual. Below, we've categorized each plan offered by Future Generali:
Basic Term Plan
Plan Name: Future Generali Saral Jeevan Bima or Future Generali Jan Suraksha
These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.
Term Insurance with Monthly Income
Plan Name: Future Generali Flexi Online Term Plan
These plans offer monthly income to the policyholder's dependents in case of the policyholder's demise.
Term Insurance with Critical Illness
Plan Name: Future Generali Express Term Life Plan
These plans offer inbuilt coverage against critical illnesses.
Term Insurance with Accidental Disability & Death Cover
Plan Name: Future Generali Care Plus or Future Generali Express Term Life Plan
These plans offer inbuilt coverage against accident disability and death cover.
Riders You Can Avail With Future Generali Term Insurance Plans
Here are the riders that you can avail with Future Generali term insurance plans:
| Name of the rider |
Benefits |
| Future Generali Accidental Death Benefit Rider |
This optional rider provides an additional sum assured payout in case of accidental death. |
| Future Generali Accidental Total Permanent Disability Protection Rider |
This rider offers benefits in case of permanent disability due to an accident. |
| Future Generali Critical Illness Benefit Rider |
This rider offers an additional payout upon diagnosis of any of the critical illnesses listed in the Future Generali term insurance policy. |
Documents Required to Buy Future Generali India Term Insurance Plans
Here are the documents required to buy Future Generali India Term Insurance Plans:
- Photo ID Proof: Any one of these: Passport, Aadhaar card, PAN card, Driving license.
- Age Proof: Any one of these: Passport, Aadhaar card, PAN card, Driving license.
- Address Proof: Any one of these: Utility bill, passport, voter ID, ration card.
- Medical Records: Medical records of the policyholder, if requested.
- Income Proof: Any one of these: Bank statement, last three months' salary slips (for salaried individuals).
How to Calculate Premiums and Purchase a Plan
- Visit the official website of Future Generali India Life Insurance.
- Click on 'Buy Term Plan' on the navigation bar and select 'Term Insurance Plans'.
- Click on the 'Buy Now' button and fill in the required details.
- Tap on 'Next' and select a plan as per your requirements.
- Select the cover option you want and make your payment.
How to File a Future Generali Life Term Insurance Plan Claim
Future Generali understands the importance of early claim settlement during tough times. Below is the detailed online and offline claim process:
Online Process
1. Claim Reporting
As the insured's nominee, initiate the claim process by informing the insurer about the life insured's death as soon as possible. Ensure to submit the filled-out Future Generali term insurance claim form with all necessary documents to expedite the process.
2. Claim Review
Once the request is submitted, a claim specialist will assess it. If further information or documents are required, the team will contact the beneficiaries using the provided contact details.
3. Claim Approval and Settlement
Once the documents are verified, the insurer will promptly start the claim process. To ensure a speedy payout, the insurer will transfer the claim to the claimant's account.
Offline Process
The Future Generali Life term plan claim settlement process can also be completed by visiting a local Future Generali Life branch office. Submit a duly filled claim form along with the required documents to the helpdesk. You can easily locate the nearest branch office using the Future Generali branch locator.
How to Purchase a Future Generali Term Insurance Plan Through 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 the policy term, premium period, and riders (if required), and then proceed to make the payment.
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