Future Generali Life Insurance Plans - Protection, Savings and Retirement Solutions

Future Generali Life Insurance Plan Details

The different types of plans that are offered by Future Generali Life Insurance are mentioned below in details 

Future Generali Term Plans

1. Future Generali Flexi Online Term Plan: It is a customisable term insurance policy that provides a benefit to the policyholder's beneficiaries in the event of their death during the term of the policy. Future Generali Flexi Online policy can be purchased online, and it provides flexible options like fixed income protection and increasing income protection for coverage amounts and policy terms. Some key features of the policy include high coverage at a low premium, coverage up to the age of 75, low premium rates for women, and optional accidental disability or death benefit riders. The policyholder can choose to pay the premium either on an annual or monthly basis as per their preference.
2. Future Generali Express Term Life Plan: It is a life insurance policy that provides a benefit to the policyholder's beneficiaries in the event of the policyholder's death during the term of the policy. The policy is designed to provide coverage at an affordable premium. The plan offers an option of accidental death benefit rider and waiver of the premium rider as well. Some of the key features of the plan include a Life Plus Health Cover Option, tax benefit, flexible premium payment options, which can be paid monthly, quarterly, half-yearly or annually, and coverage up to the age of 85. With this plan, policyholders can enjoy the benefit of death coverage and safeguard their family's future.

Future Generali Savings Plans

1. Future Generali Long Term Plan: This is a savings plan that combines the benefits of long-term financial support through guaranteed, increasing income and life protection for you and your family. You can pay the premiums for a chosen period and receive a range of benefits for up to 50 years and the option for income to begin as soon as the next month. It ensures continuity of income benefits for your family in the event of death. Additionally, you will have life coverage throughout the premium-paying term and while receiving income and may be eligible for tax benefits on premiums and benefit proceeds.
2. Future Generali Money Back Super Plan: With the Future Generali Money Back Super Plan, you can ensure adequate protection coverage for a comfortable future. This plan offers guaranteed benefits on death, survival, and maturity and regular pay-outs at defined intervals that can be used for planned financial milestones or unexpected expenses. It also offers two plan options based on your specific financial goals and survival benefits during the term of the policy based on the chosen category (Platinum, Gold, Silver). Additionally, the plan provides guaranteed additions as a percentage of the sum assured starting from the 8th year of the policy till the end of the term if all due premiums are cleared. Tax benefits may also be available on the premiums and benefit proceeds as per current tax laws.
3. Future Generali Lifetime Partner Plan: This plan provides an increasing guaranteed income in addition to an annual cash bonus (if declared). The duration and amount of the guaranteed income depend on the chosen plan option. The first is 'Immediate Income'; with this option, you will receive a guaranteed income along with a cash bonus, if declared, from the first year. The second option is 'Deferred Income'; with this option, you will receive a guaranteed income along with a cash bonus, if declared, from a premium payment term plus three years. Additionally, the plan offers whole-life coverage till 100 years of age and the flexibility to choose among yearly, half-yearly, quarterly and monthly frequencies to receive income. The plan also provides the potential for tax benefits on the premiums and benefit proceeds.
4. Future Generali New Assured Wealth Plan: The Future Generali New Assured Wealth Plan offers two flexible options to ensure that you have an ideal coverage that is best suited to your savings goals. Both options come with the added benefit of guaranteed additions, which get accumulated from the 8th policy year till the end of the policy term, at a simple rate as a percentage of the sum assured, subject to payment of all due premiums. The Death Benefit increases with the accrual of the guaranteed additions under the flexibility to select your policy and premium payment terms as per the available options, depending on your needs, and fulfil your savings goals. This plan can be bought up to the age of 60 and may also offer tax benefits.
5. Future Generali Assured Money Back Plan: The plan offers two options to choose from, depending on your needs, to receive 10% of the sum assured every year for nine years and 110% of the sum assured on Maturity. And to receive 10% of the sum assured every year for four years and 160% of the sum assured on Maturity. The premium will vary depending on the choice of option. Assured Money Back Plan also offers a limited premium payment term, where you can choose to pay premiums for 5, 7, 10, or 12 years, considering your future financial requirements and liabilities. Additionally, the plan provides life coverage, meaning that your nominee will receive the Death Sum Assured in case of your unfortunate death. Tax benefits may also be available under sections 80C and 10(10D) as applicable, subject to change in law from time to time.
6. Future Generali Big Income Multiplier Plan: This life insurance plan offers a maturity pay-out over a period of 12 years, where you will receive a total maturity benefit that is twice the total premiums paid under the life insurance plan over a period of 12 years. Additionally, it offers a limited premium payment option, where you only pay premiums for 12 years, stay protected for 14 years, and have guaranteed income for 12 years after the end of the policy term. The plan also offers flexibility in choosing between annual and monthly income options. Additionally, it offers potential tax benefits as per existing tax laws.
7. Future Generali New Assure Plus Plan: This insurance plan offers the ability to customize the policy term and premium payment term to fit individual financial goals, the potential for increased maturity pay-outs through bonuses, the choice between two death benefit pay-out options, and tax benefits under sections 80C and 10(10D) of the current tax laws.
   

Future Generali ULIP Plans

1. Future Generali Wealth Protect Plan: It is a Unit-Linked Insurance Plan (ULIP) which combines life insurance coverage with investment features. The plan is designed for individuals who are looking for both protection and wealth creation. With this plan, the policyholder can grow their savings over time while providing life insurance coverage for their family. This Wealth Protect Plan offers coverage that is 7 to 30 times the annual premium, depending on the policyholder's age and the term selected. The plan also provides a guaranteed loyalty addition on maturity based on the first year's premium paid. With a variety of 7 investment fund options, the plan provides a distinguished investment opportunity for policyholders. The plan offers flexibility regarding the policy term, premium payment mode, sum assured multiplier, and other options like switching and premium redirection to maximize returns. Additionally, the plan provides enhanced protection by offering a choice of 2 additional benefit riders and access to funds through partial withdrawals and surrender benefits.
2. Future Generali Bima Advantage Plus Plan: Future Generali Bima Advantage Plus Plan provides both death and maturity benefits. Policyholders can choose premium payment options such as annual, half-yearly, quarterly, or monthly. The plan also has the additional benefit of accidental death benefit rider and critical illness rider. The maturity benefit will help to secure the policyholder's financial future, while the death benefit will provide a safety net for their family. The plan offers the flexibility to invest in 7 different investment funds to match one's risk appetite, which helps in maximizing returns. The policyholder can choose the term of the policy, the sum assured, and other optional features such as switching, redirecting, and partial withdrawals. Premiums paid under the plan are eligible for tax benefits under the provisions of Section 80C and 10(10D) as per the Indian Income Tax laws. This plan aims to fulfil the policyholder's medium to long-term financial goals by providing a unique combination of protection and investment opportunities.
3. Future Generali Big Dreams Plan: This plan provides financial protection to the policyholder's loved ones and helps them maintain their standard of living in the event of the policyholder's untimely demise. Some of the plan's key features include the opportunity to boost returns with extra allocation, ranging from 1% to 7%, on each instalment premium if the due premium is paid within the grace period. Another key benefit is lower charges, with zero allocation and zero admin charges helping your wealth grow faster. Additionally, there are three investment options available to choose from, including options for wealth creation, retirement planning, and dream protection. The plan also offers the ability to make systematic partial withdrawals and control asset allocation. Additional protection can be added through riders for accidental death and total and permanent disability. The plan also offers tax benefits.

Future Generali Health Plans

1. Future Generali Heart And Health Insurance Plan: The plan offers comprehensive protection against 59 critical illnesses and surgical procedures, including heart and cancer-related conditions. It covers you from the early stages of diagnosis and includes an inbuilt death benefit with no waiting period. There are four flexible options to choose from, including heart cover, critical illness cover, and options with the return of premium. The plan also provides a fixed lump-sum pay-out upon diagnosis of a covered illness or surgical procedure and offers an additional 5% discount for purchasing directly from the website. In the event of a minor condition, policyholders will be eligible for 25% of the critical illness sum assured, with a maximum claim benefit of two minor conditions. Additionally, the premium will be waived for five years or until the end of the policy term, whichever comes first (this applies only to the first minor condition claim). The policyholder will receive 50% of the critical illness sum assured for moderate conditions, with a maximum claim benefit of two moderate conditions. The premium will also be waived for five years or until the end of the policy term (this applies only to the first moderate condition claim). In the event of a major condition, the policyholder will receive 100% of the critical illness sum assured.
2. Future Generali Cancer Protect Plan: This plan offers two options for coverage: a lump sum option and a lump sum with income benefit option. Suppose cancer is diagnosed in the minor stage. In that case, the policyholder will receive 25% of the cover amount (sum assured) instantly, and their premiums will be waived for the next three years or until the end of the policy term, whichever comes first. If cancer is diagnosed in the major stage, the policyholder will receive the entire cover amount (sum assured) and an income benefit of 2% of the cover amount per month for 60 months. Suppose cancer is diagnosed in the minor stage and later progresses to the major stage. In that case, the policyholder will receive 25% of the cover amount on the diagnosis of the minor stage, have their premiums waived for the next three years, receive 75% of the cover amount on the diagnosis of the major stage, and receive an income benefit of 2% of the cover amount per month for 60 months. There are additional rules and limitations, including a maximum of four times minor stage cancer benefit is payable up to a maximum of the sum assured, for separate organs, in the entire life of the policy, including its renewability, and the policy will terminate once the sum assured is exhausted.

Future Generali Child Plans

1. Future Generali Assured Education Plan:  The Future Generali Assured Education Plan offers parents to systematically save for their child's college fees until they turn 17 years old. As a guaranteed income plan, it offers three options for guaranteed pay-outs, depending on the child's education milestones. The plan also provides security for the child's education in the event of an unfortunate event. It allows parents to add riders for additional coverage against accidental death or total and permanent disability. Additionally, the plan offers tax benefits according to current tax laws.
2.  Future Generali Jan Suraksha: This Jan Suraksha plan provides the insured with the benefit of making a one-time premium payment of a nominal amount. The maturity amount paid is generally higher than the amount paid as the premium.

Future Generali Retirement Plans

1. Future Generali Assured Income Plan: The Future Generali Assured Income Plan is a life insurance policy that offers life coverage and guaranteed returns on premiums. It provides two term options: regular annual income and an added benefit that ranges from 1 to 4.5 times the annualized premium, based on the policyholder's age. Additionally, the policyholder receives a death benefit and peace of mind that their savings are secure and growing.
2. Future Generali Immediate Annuity Plan: This policy provides the insured with a fixed income for their entire life. The policyholder can choose between a monthly or yearly payout.

Future Generali Group Plans

1. Future Generali Sampoorn Loan Suraksha: This is a type of insurance plan designed for customers of financial institutions. It provides death and critical illness coverage for borrowers who take out loans such as housing loans, personal loans, and education loans. The plan comes in two variants; reducing cover, where the amount of coverage decreases along with the loan schedule, and level cover, where the coverage amount remains fixed throughout the policy term.
2. Future Generali Group Superannuation Plan: This group retirement plan offers fund management and distributes earnings through bonuses at the end of the financial year. The annual bonus amount is guaranteed once it is credited to the policyholder's account. This plan offers two types of schemes, defined benefit and defined contribution, which can be funded by the employer, employees, or both. A defined benefit scheme establishes the amount of pension and other benefits in advance, while a defined contribution scheme establishes the rate of contributions or amount of contributions in advance. The plan will maintain a separate account for each member.
3. Future Generali Group Leave Encashment Plan: This group insurance plan offers fund management for leave encashment. The plan provides interest income that is credited to the policy at the end of the financial year, and the interest amount becomes guaranteed once it is credited to the policy account. This plan also offers fund management for employers' liability and life coverage for employees. The insurance company's liability is limited to the balance in the policy account at any given time.
4. Future Generali Group Gratuity Plan: The Gratuity Liability for an employer increases over time as employees' salaries and tenure increase. Paying out gratuity from current revenue can cause financial strain. Hence, a more efficient and tax-friendly option is establishing the liability, creating a gratuity fund, and making contributions as needed. The plan provides interest income credited to the policy at the end of the financial year, with the interest amount becoming guaranteed once credited. With this plan, you can build a gratuity fund systematically, benefit from safe and stable investment returns, and provide benefits in a cost-effective way. The plan offers a variety of features to help meet your gratuity obligations systematically and cost-effectively.
5. Future Generali Group Term Life Insurance Plan: Group Term Plan is an insurance plan that offers life insurance coverage to all members under a single plan. The benefits of this plan include the ability to provide death coverage to all members, the ability to add and remove members every month, and the ability to use it as an employee retention and incentive tool.
6. Future Generali Loan Suraksha: This Loan Suraksha insurance plan aims to provide life coverage to borrowers, which in turn secures the credit/loan. The plan offers coverage for a wide range of loans, including housing loans, vehicle loans, personal loans, education loans, business loans, loans against property, merchandise loans, durable consumer loans, credit card groups, asset-backed loans, and gold loans. The plan can be taken on a single life, joint life, or as a co-borrower, offering a 10% discount on each joint life premium. The plan comes in two variants: Reducing Cover and Level Cover. Additionally, members can avail of tax benefits as per prevailing tax laws.

1. Future Generali Comprehensive Employee Benefit Plan: Comprehensive Employee Benefits Plan offers a one-stop solution for managing employee benefits such as gratuity, leave encashment, and superannuation. You can also earn additional rewards through loyalty additions, which are added to your fund annually based on its size. Additionally, the plan offers the option for systematic transfer of funds, which helps protect the value of your investments by automatically switching them to debt funds during times of market volatility.

Future Generali Life Insurance Claims Process

Policyholders who wish to file a claim can do so in a few quick and easy steps through a number of avenues. Policyholders can file a claim either online or offline, depending on their convenience.

The claims process is also transparent and quick, ensuring the claim is resolved in the quickest possible time and with minimum inconvenience to the claimant.

The claims process is outlined below:

1. Claimants wishing to file a claim are required to notify the company at the outset. Claimants can register a claim online, or they can send an email to the customer care. Claimants can also submit a written intimation at any branch office.
2. The claim is to be filed with a Claim Form (available online or at any branch) as well as the documents (depending on the type of claim being filed).
3. Once the documents and claim form reach the office, the claims assessors will verify the documents. Any additional documents, if required, will be requested at this stage.
4. On completion of the verification, a decision on the claim status will be taken and the claimant will be notified of the same.
5. In case of successful claims, the settlement amount will be calculated after computing any additions, deductions etc.
6. The settlement amount will be transferred to the claimant through NEFT only.

Future Generali Claim Settlement Ratio

A claim settlement ratio is the percentage of claims that the company has paid out in a given financial year. The claim settlement ratio for Future Generali is given below:

Documents Required for Future Generali Life Insurance

When applying for a life insurance policy, there are a list of documents that have to be provided for identification purposes along with the application form. The documents to be submitted when applying for a Future Generali Life Insurance policy are given below:

1. Recent passport-sized photograph.
2. Proof of identity: Any one of the below mentioned documents are to be submitted towards proof of identity.
   1. Voter's identity card.
   2. Driving licence.
   3. Passport.
   4. PAN card.
   5. Job card issued by NREGA, signed by a State Government officer.
   6. Aadhaar card.
3. Proof of residence: Any one of the below-mentioned documents is to be submitted towards proof of residence.

1. Bank account or post office account statement.
2. Property tax or municipal tax receipt.
3. Utility bills (electricity, gas, telephone) not more than 2 months old.
4. Letter of allotment or accommodation from State or Central government, financial institutions or listed companies.
5. Rent agreement.

Checking Future Generali Policy Status

Policyholders can check the status of their life insurance policies without needing to visit a branch office thanks to the online policy status check facility.

Policyholders can also check the status of their policies offline through a variety of ways if they desire.

Checking Future Generali Policy Status Online

Policyholders who wish to check their policy status online can do so wherever they are, whenever they wish to by visiting the Future Generali Life Insurance website. The detailed procedure is given below:

1. Go to the website and log in or follow the steps on screen to set up an account.
2. Once signed in, view the status of existing policies by selecting the relevant option from the drop down menus.

Checking Future Generali Policy Status Offline

Policyholders who wish to check their policy status offline can do so through a variety of ways, such as by calling the customer care helpline. Policyholders will have to provide certain details for identification purposes like their date of birth and policy number.

Policyholders can also visit a Future Generali Life Insurance branch to get details regarding the status of their life insurance policy.

Future Generali Life Insurance Online Payment

Policyholders need not worry about missing a premium payment or having to go through the hassle of depositing a cheque to pay their premiums anymore, as they can make premium payments online.

Policyholders can simply log in to their account and make their premium payments any time before the due date from wherever they are. With the payments being online, the payment is instant, which would reduce the processing time in case of last-minute payments.

The process to pay premiums online is given below:

1. Go to the Future Generali Life Insurance website and click on the 'Pay Your Premium' tab towards the right of the screen.
2. Choose from the options provided by clicking on the 'Quick Pay' option.
3. Enter the policy number whereupon the premium amount due will be displayed onscreen.
4. After verifying the amount, choose a payment method from the ones listed- net banking, credit card or debit card.
5. Authorise the payment and save a copy of the acknowledgement for future reference.

Future Generali Life Insurance Premium Calculator

Individuals who are looking at buying a Future Generali Life Insurance can check the amount they would have to pay towards premium payments for a particular policy through the online premium calculator. The premium calculator, available on the company's website, will compute the premium amount for any of the company's existing plans based on certain information the individual provides such as age, gender, policy tenure, occupation, cover type etc.

This makes choosing a policy easier as individuals need not visit a branch and speak to an agent to ascertain the total premium amount they would have to pay over the policy term. Since life insurance policies are generally high premium ones, the amount would be a significant sum, and individuals will be able to budget and choose the policy accordingly.

The premium calculator can be found in the 'Calculators' tab on the Future Generali home page. Individuals can choose to compute either the 'Human Life Value' or the 'Premium' calculator.

They will have to choose a policy from the drop down menu and input details like their age, gender, occupation, marital status, policy tenure etc. after which the premium amount will be displayed onscreen.

Future Generali Life Insurance Customer Care

Besides offering some of the best life insurance plans, Future Generali is also known for offering its customers with an excellent post-sale experience. Paying close attention to details, Future Generali has set up multiple channels via which it offers efficient and timely customer support to its policyholders. To get in touch with the customer support team, policyholders can dial on the helpline number, drop an email, or even talk to a customer care personnel via online chat that is available on the insurer's website. In addition to this, the Future Generali website also includes a special Customer Service section, which enables customers to carry out several policy-related requests n their own. These include making premium payment, carrying out self-service transactions, finding out about SMS services, escalation procedures, make use of service tools, and much more.