Future GeneraliTerm Insurance
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Future Generali Term Insurance

Future Generali Life Insurance is a joint venture between Future Group and Generali Group which is a global insurance group. The company offers you the option to choose death benefits from several payout options. With the annual gross premium of Rs 767.5 Crores for the year 2019-20 and issuing millions of policies in the same year, the company has successfully settled 95.28% of claims.

Future Generali Term Insurance is one of the leading protection plans offered by Future Generali India Life Insurance Company. It protects your family from financial burdens even in your absence. The plan offers no maturity benefits and life cover at affordable premium rates. It offers two types of term insurance plans to its buyers: Online and others can be bought through different channels.

Key Features of Future Generali Term Insurance


Online Availability


Lower premiums for non-smoker individuals and females


Two coverage options are available - 1) Life Cover, and 2) Income Protection


Option to add an accidental ride to your existing policy


Long term cover for up to 75 years of age


The hassle-free and quick claim experience

Benefits of Future Generali Term Insurance

1 Long Term Protection

Future Generali Term Insurance provides life cover up to the age of 21 years.

2 For Women

The plan offers lower and affordable rates for Women.

3 Discounts

If you opt for a higher sum assured, the plan offers discounts at premium rates.

4 Free Look Period

In case of dissatisfaction with the terms and conditions of the policy, the Insured can return the policy to the insurer within 15 days.

5 Grace Period

A grace period of 30 days is allowed under this plan if you have opted for an annual premium payment and 15 days in case of a monthly premium.

6 Death Benefit

In case of death, the absolute amount is payable equal to the sum assured.

7 Tax Benefits

Get the tax benefits on premiums paid as per sections 80C, 80 CCC (1), 80D, and 10(10D) under the Income Tax Act.

Claim Settlement Ratio of Future Generali Life Insurance

Claim Settlement Ratio is a reliable measure to evaluate if a certain chosen policy and the insurance company is the right choice for you or not. Ideally, one should go for an insurer with a high claim settlement percentage. As per IRDAI Annual Reports 2019-20, the solvency ratio of Future Generali Life Insurance is 95.28, representing the good claim settling ability of an insurer.

Let's compare Future Generali Life Insurance's CSR with the top 5 life plan insurers in the graph below:

Claim Settlement Ratio of Top Life Insurance Companies (2019-20)

Claim Settlement Ratio of Top Life Insurance Companies (2019-20)

Types of 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 different Future Generali term plans below:

Term PlansWhy Should You Buy?
Future Generali Flexi Online Term PlanPlan Offers you the flexibility to choose a death benefit from several options.
Future Generali Care PlanThe plan offers long-term protection at low premium rates. All plans are customized as per the individual's requirements.
Future Generali Jan SurakshaThe plan provides a life cover along with a hassle-free application process.
Future Generali Express Term Life PlanThe plan offers customized insurance solutions according to your requirements at affordable premium rates.
Future Generali Saral Jeevan BimaPlan secures your family's future with the right life insurance coverage.

Let's understand the below-listed plans in detail:

  1. 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 allows the policyholder to choose the preferred coverage option (as per their needs and requirements).

    Key Features

    • Life Cover: The plan offers a lump sum payout in case of the policyholder's death.
    • Income Protection: The plan offers two income protection options:
    • Fixed Income Protection: In case of the insured's death, a fixed monthly amount is paid to your family till the age of retirement.
    • Increasing Income Protection: In this, a monthly amount increases by 10% every year is paid to the policyholder's family.
    • Make Your Own Plan: The plan offers you flexible options. You can create your own plan by combining fixed Income Protection and Basic Life Cover or Increasing Income Protection and Basic Life Cover.

    Eligibility Criteria

    Basic Life CoverIncome Protection
    Entry AgeMinimum: 18 years, Maximum: 55 yearsMinimum: 25 years, Maximum: 55 years
    Maturity AgeMinimum: 28 years, Maximum: 65 years (Smoker) and 75 years (Non-Smoker)Minimum: 45 years, Maximum: 65 years
    Policy TermMinimum: 10 years, Maximum: 65 years minus entry age (Smoker) and 75 years minus entry age (Non-Smoker)Minimum: 10 years, Maximum: 65 years minus entry age
    Premium Payment TermEqual to the Policy Term
    Premium Payment FrequencyAnnual and Monthly
    Sum AssuredPlan OptionMinimumMaximum
    Basic Life CoverRs 50,00,000No Limit
    Entry AgeMinimum Monthly AmountMaximum Monthly Amount
    Fixed Income Protection25-43Rs. 25,000No Limit
    44-48Rs. 35,000
    49-55Rs. 42,000
    Increasing Income Protection25-48Rs. 25,000
    49-55Rs. 30,000
  2. Future Generali Care Plus Plan

    Future Generali Care Plus offers an excellent option to protect (financially) your family against the liabilities and loans taken by the policyholder. It provides high life coverage at very nominal prices.

    Key Features

    • There are two options available under the plan: 1) Life Cover, and 2) Extra Life Cover along with Accidental Death Benefit.
    • The plan provides you with an option to choose the protection and premium payment time.
    • Affordable premium rates specifically for women.
    • The plan offers death benefits in the form of lump-sum payout or fixed monthly payout or a combination of both.
    • Tax benefit on paid premiums as per prevailing laws.

    Eligibility Criteria

    Entry Age18 years to 65 years
    Maturity Age23 years to 85 years
    Minimum Sum AssuredRs 25 lacs
    Accidental Death Sum Assured (Minimum)Rs 5 lacs
    Premium Payment FrequencyYearly, Half Yearly, Quarterly, and Monthly
  3. 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). It helps the family of the life assured to deal with the liabilities in case of his/her unfortunate death.

    Key Features

    • Free Look Period: In case of disagreement with the terms and conditions of the policy, Insured is free to return the policy to the insurer within 15 days of the policy document receipt.
    • Tax Benefit: Get the tax benefits on paid premiums under sections 80(C) and 10(10D).

    Eligibility Criteria

    Entry Age18 to 50 years
    Premium OptionsEntry age between: i) 18 to 45 years - Rs. 500/Rs. 750ii) 46 to 50 years - Rs. 750
    Policy Term8 years
    Premium Payment Term & ModeSingle-Premium
  4. 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.

    Key Features

    • There are four options available under this plan
    • Life Cover
    • Extra Life Cover
    • Life Plus Health Cover
    • All-in-one cover
    • The plan offers the flexibility to choose policy terms and the Premium payment term for 5 years as per your requirements.
    • Tax Benefits on paid premiums as per prevailing laws of Income Tax Act 1961.

    Eligibility Criteria

    Plan OptionsLife Cover, Extra Life Cover, Life Plus Health Cover, All-in-one Cover
    Entry Age18 years - 65 years
    Maturity Age23 years to 85 years
    Minimum Sum AssuredRs. 25,00,000
    Premium Payment FrequencyYearly, Half
    Critical Illness Sum AssuredMinimum - 5 lacs, Maximum - 50% of Sum Assured
  5. Future Generali Saral Jeevan Bima

    It is an individual, non-linked and non-participating plan that provides death coverage due to an accident for the waiting period of 45 days. Saral Jeevan Bima is specifically designed to secure your loved ones from financial burdens.

    Key Features

    • The plan offers the flexibility to choose your policy term and premium payment term as per your preferences and choices.
    • Lower premium rates for women.
    • The death benefit will be received in a form of a lump sum in case of death of life assured.
    • Tax benefits on paid premiums as per the prevailing laws of Income Tax Act, 1961.

    Eligibility Criteria

    Entry Age18 years to 65 years
    Maturity Age23 years to 70 years
    Policy Term and Premium Payment TermPolicy TermPremium Payment Term
    5 years to 40 yearsSingle Pay: Limited Pay - 5 years, Limited Pay - 10 years, Regular Pay
    Sum AssuredMinimum - Rs 5 Lacs, Maximum - Rs 25 lacs
    Premium Payment FrequencyYearly, Half-yearly, and Monthly

Compare Term Plan Premiums of Top 3 Companies

This table illustrates the premium payable by a healthy male of 35 years of age who is a non-smoker and has an annual salary of 7-10 lacs.

InsurersPlan NamesPremium Amount (in Rs)Policy Term (years)Sum Assured (in Rs)
Bharti AXA Life InsuranceBharti AXA Premium Protect489155000000
Star Union Life InsuranceSUD Saral Jeevan Bima675152500000
Future Generali Life InsuranceFuture Generali Flexi Term Plan244155000000

Claim Process of Future Generali Term Insurance

Claim Process of Future Generali Life Insurance

Claim Intimation:

  • Inform the company about the crisis/incident.

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.

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.

Buying Process of Future Generali Term Insurance


Click and calculate a quotation as per your requirement


Fill in all the required details in the online application form


Pay Your premium online via debit or credit card


Submit all required documents online

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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. Can NRIs invest in PNB MetLife term insurance?

Yes, NRIs are eligible to purchase the company's term plans. The policies are Rupee-denominated and the premiums and claim amounts are payable in Indian Rupees.

4. 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.

5. 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.

6. 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.

7. 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.


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

8. 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.

9. 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.

10. 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.

Find Out What Customers Are Saying

(Showing latest 5 reviews only)

- 4.8/5 (14 Total Rating)

February 24, 2022

navneet dubey


i am only earning member of my family so term insurance is very important for me. I checked about this company and asked my friends and relatives and they all gave me good response about them. I am happy.

February 24, 2022

mayank batra


I am a retired army officer who saved money in their retirement plan. This month, the company paid me my money saved with them. I am so happy that i made a right choice.

September 21, 2021

Lokesh Kumar


FutureGenerali is a very good company. I really love this company and the way it helped me is amazing.

September 20, 2021

Akash Sharma


I have never seen a company like future generali that is committed to its customers. Happy to chose future general life insurance.

September 16, 2021

Amir Saifi


bought a plan from future generali...I am thankful for the quick claim settlement and must appreciate that they have best customer support team

Last updated on July, 2021

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