Future Generali India Term Insurance

Starting ₹10/day* for ₹50 Lakh cover

Term Insurance banner image
Enter your details to buy Term Insurance
/ /
By proceeding, I agree to the Terms & Conditions
  • no spam calls
    No Spam calls. Promise
  • shield events
    Shield your family from unforeseen events
  • tax benefit
    Tax benefit** u/s 80C on premium paid
*T&C Apply *On the basis of your profile, premium may change *Premium displayed for 21 years old individuals. **Tax benefits are subject to changes in Tax Laws

While no one likes to think about it but life is really unpredictable and in case anything happens to us our foremost priority is ensuring that our family is taken care of and their financial security and stability are protected. Since term insurance policies are usually the most economical way to make sure that the future of your family is secure, they are also popular in India. Future Generali India term insurance plan helps you to secure your as well as your family's future. 

Most Popular Future Generali India Term Insurance plans

Term insurance plans are also referred to as protection plans. These plans have a specific period during which a cover is provided to the life insured and a death benefit is paid to the nominee in case of unfortunate death. Future Generali India Term Insurance comes in various variants with flexibility and customized options. 

1.  Future Generali Flexi Online Term plan

Flexi Online term is a non-participating pure life insurance policy that provides a lump sum pay-out on the death of the life insured. It has flexible coverage options which include basic life cover, income protection cover and the option to create your own plan with fixed income protection, basic life cover increasing income protection and basic life cover. The plan offers income protection options: 

  • Fixed income protection- Under fixed income protection, a fixed amount is paid to your family on a monthly basis till the time you would have turned 60 or have retired.
  • Increasing income protection- In the event of the death of the life insured, a monthly amount is paid which increases by 10% each year to protect the impact of inflation.

Highlighting Features of Future Generali Flexi Online Term Plan

  • It comes in two variants: basic life cover and income protection plan.
  • The plan offers life cover up to 75 years of age
  • You can get a discount on the premium rates for opting for a higher sum assured
  • There is a free look period of 15 days from the date of issuance of the policy to cancel it if you are not satisfied with the terms and conditions of the plan.
  • The plan offers different rate of Premium for smokers and non-smokers

Eligibility Conditions Future Generali Flexi Online Term Plan

Entry age

Minimum- 18 years (for basic life cover plan and 25 years for income protection plan)

Maximum- 55 years

Age at maturity

Minimum- 28 years (for basic life cover and 45 years for income protection plan)

Maximum- 65 years

Policy termMaximum- 65 years minus entry age
Premium paymentEqual to the policy term

2. Future Generali Express Term Life Plan

This insurance plan is an individual life insurance product that provides a lump sum amount either in the event of death or upon diagnosis of any terminal illness during the policy tenure. The insurance policy provides several options which can be modified as per your requirements. The plan comes in four options which are as follows: 

  1. Life Cover option- A death benefit is paid under this option on death or diagnosis of terminal illness during the term of the policy. In addition, all the future premiums of the policy will be waived off in the event of accidental total and permanent disability suffered by the life insured.
  2. Extra Life Cover option- Extra Life Cover option provides an added lump sum amount in case of accidental death of the life insured. Extra Life Cover option provides all the benefits under the life cover option as well as pays an additional benefit in case of accidental death.
  3. Life Plus Health cover option- Life Plus Health cover option provides all the benefits under the Life Cover option and includes the benefit of additional lump sum payment in case of diagnosis of any critical illness.
  4. All in One Cover option- All In one cover option provides 360-degree coverage to the life insured which includes death benefit on diagnosis of terminal illness or death of the life assured,  premium waiver in case of accidental total and permanent disability, an additional benefit in case of accidental death as well as a lump sum benefit in case of diagnosis of critical illness.

Highlighting Features of Future Generali Express Term Life Plan

  • The plan comes with the inbuilt accidental total and permanent disability and terminal illness benefit.
  • You can choose the period of cover as well as the period of premium payment of the plan
  • The plan offers comprehensive long-term cover at affordable rates of premium
  • It comes in four options that help you to customise your plan as per individual requirements.

Eligibility Conditions of Future Generali Express Term Life Plan

Age at entry

Minimum- 18 years

Maximum- 65 years

Age at maturity

Minimum- 23 years

Maximum- 80/85 years depending on the plan option

Sum assured

Minimum- 25 lacs

Maximum- No limit

Premium paying modeMonthly, half-yearly, quarterly and annually

3. Future Generali Jan Suraksha Plan

Jan Suraksha is a one-time premium insurance product to get life insurance coverage. It has a hassle-free application process. The plan has a fixed tenure of 8 years with two premium options. 

Highlighting Features of Future Generali Jan Suraksha Plan

  • The death benefit in this plan shall be payable depending on the age band during which the life assured suffers death and premium options selected by you.
  • Guaranteed surrender value would be payable in case of survival of the term of the plan by the life assured.
  • Premiums paid for the plan are eligible for tax benefit under section 80C and 10 (10D) of the Income Tax Act, 1961.

Eligibility Conditions of Future Generali Jan Suraksha Plan

Age at Entry

Minimum- 18 years

Maximum- 50 years

Policy Term8 years
Premium paying termSingle premium

4. Future Generali Saral Jeevan Bima

Saral Jeevan Bima provides coverage against death due to accidents only during the waiting period of the policy. It has a waiting period of 45 days from the date of commencement of the risk. During the waiting period, the death benefit is paid only if the life assured suffers accidental death and not due to natural causes. In case the life assured suffers death during the waiting period other than due to an accident, 100% of the premiums shall be returned to the nominee and not the sum assured. 

Highlighting Features of the plan

  • The plan has a waiting period of 45 days from commencement of risk and it covers accidental death only during the waiting period.
  • The death benefit is paid on the death of the life assured after the expiry of the waiting period.
  • The plan offers the flexibility to choose premium paying term and policy term
  • It offers the flexibility to make changes in the premium payment mode of the plan.

Eligibility Conditions of Future Generali Jan Suraksha Plan

Age at Entry

Minimum- 18 years

Maximum- 65 years

Age at Maturity

Minimum- 23 years

Maximum- 70 years

Policy Term

Minimum- 5 years 

Maximum- 40 years

Sum Assured

Minimum- INR 5 lacs

Maximum- INR 25 lacs (Only in multiples of 50,000) 

Premium paying frequencyMonthly, half-yearly and yearly

5. Future Generali Care Plus Plan

This term plan is the simplest and purest form of life insurance. It offers you life protection at low and affordable premiums. This insurance policy does not provide surrender or maturity benefits.

Highlighting features of Future Generali Care Plus Plan

  • There are two options under the plan which includes the classic option and the premier option
  • The plan offers higher coverage at a lower premium
  • Provides flexibility to choose the premium payment mode and the duration of the cover
  • In the event of unfortunate death of life assured sum assured on death is paid to the nominee of the plan

Eligibility Conditions of Future Generali Care Plus Plan

Age at entry

Minimum- 18 years

Maximum- 85 years

Sum assured

Minimum- 1.5 lacs

Maximum- 2.5 lacs

Premium modesMonthly, yearly and half-yearly
Policy term

Minimum- 5 years

Maximum- 67 years

Benefits of buying Future Generali India Term Insurance Plans

Term insurance plans are popular because they provide financial security to your family in your absence at an affordable premium cost which is not only beneficial for you but also for your loved ones. There are many benefits of buying a term insurance plan. These include the following: 

  1. Affordable premium cost- 
    One of the key benefits of term insurance plans is that they provide you peace of mind at an affordable rate of premium. These plans are simple life insurance products offering protection to your loved ones without burning a hole in your pocket.
  2. Financial security to your family- 
    Term insurance policies are not for you but for your family in your absence. They provide a lump sum amount to your family on your death thereby providing the financial security to meet the immediate expenses in the event of the death of the breadwinner.
  3. Limitless coverage- 
    Usually, there is no maximum limit when it comes to coverage under a term insurance policy. You can opt for a higher cover at a low amount of premium. The return of premium plans offers higher returns on the premiums up to the expiry of the policy term.
  4. Wide options- 
    There are varying forms of term insurance plan that you can choose from. The common term insurance policies which are available to customers include level term plans, increasing term plans, decreasing term plans, return of premium plans and term plans with riders.
  5. Optional Riders- 
    Everyone has different insurance requirements, goals, lifestyles and varieties. Future Generali India offers optional riders to add to your term insurance policy for extra protection at a nominal cost. This helps you to customise your policy as per your insurance requirements.
  6. Simple procedure- 
    Future Generali India term insurance offers a simple, easy and hassle-free process for buying a policy to make a claim. You also have an option to renew your policy online in just a few clicks. Thus making the whole process quick and easy.
  7. Flexibility
    Future Generali India term insurance plans come with flexible premium payment options which allows you to choose the frequency of paying the premium as per your convenience. You can either pay the premiums on a monthly basis, quarterly or annually.
  8. Tax benefits
    Another big benefit of term insurance plans is that it makes you eligible to avail tax benefit under section 80C and 10(10D) of the Income Tax Act. You can save tax on both the premiums paid for the plan as well as the benefit received from the plan.

What is covered in Future Generali India Term Insurance? 

Let us have a look at what is covered in Future Generali India term insurance plans: 

  1. Death benefit- Death benefit is the amount that is paid to the nominee of the plan in the event of the death of the life assured during the tenure of the policy. You have an option to receive the death benefit either in a lump sum amount or as a monthly income.
  2. Terminal illness- A lump-sum death benefit is paid in case of death or diagnosis of any terminal illness whichever occurs first.
  3. Maturity benefit- Some term insurance plans offer a maturity benefit. Maturity benefit refers to a lump- sum amount received by the policyholder on surviving the term of the policy. Some Future Generali India term insurance plans provide maturity benefit.
  4. Critical illness- Future General India term insurance also covers critical illness. A lump sum amount is paid if the life assured is diagnosed with any of the listed 34 critical illnesses.
  5. Accidental death- Accidental death is covered under the Extra Life cover of Future Generali Express term life plan. It provides an additional amount that is equal to the accidental death sum assured in case of death of the life assured due to an accident. The accidental sum assured is in addition to the death assured.
  6. Accidental Total and permanent disability- On diagnosis of accidental total and permanent disability, all the future premiums of the policy shall be waived off.

What is not Covered in Future General India Term insurance? 

There are a set of exclusions in every term insurance policy. Exclusions are situations that are not covered under the policy. Let's see what kinds of death are not covered under term insurance plans offered by Future General India Term Insurance plans: 

  • Death due to driving under the influence of drugs or alcohol
  • Death of life assured due to pre-existing diseases or health condition
  • Death of life assured during the waiting period
  • Death due to participation in any illegal activity
  • Accidental death due to participation in racing events or adventure sports
  • Accidental death due to driving under intoxication
  • Death of life assured in the event of war

If the life assured suffers death due to suicide within 12 months of the commencement of the policy, 80% of the premiums paid for the plan till the date of date or the surrender value, whichever is higher. After the payment of such benefit, your term insurance policy will be terminated.

The above-mentioned exclusions are inclusive and not exhaustive. You can refer to the detailed list of exclusions by visiting the official website of the insurance company. 

How to Apply for Future General India Term Insurance Plan

There are a few easy steps to buy a Future Generali India term insurance plan. Let us take a look: 

  1. Step 1: Select a plan- 
    The very first step towards buying a term insurance policy is to select a plan which best suits your insurance requirements. You should keep in mind the cover amount, the eligibility criteria, the premiums that you can afford to pay and the pay-outs that you wish to opt for. After selecting a suitable plan, you can go ahead with your purchase.
  2. Step 2: Generate a quote- 
    Visit the official website of the insurance company and generate a quotation for term insurance for yourself. You can also simply click on https://life.futuregenerali.in/buy-online for generating a quote.
  3. Step 3: In the application form
    After getting a quotation you will have to fill the application form online with the required details. You should remember to fill in all your details correctly and carefully.
  4. Step 3: Select the add-ons: 
    Add-ons help you to upgrade the cover for your family on payment of extra premium. After filling in the application form, you can add the required add-ons and choose the tenure of the policy and the premium paying frequency.
  5. Step 4: Pay your premium online- 
    Once the application form is filled and submitted online you can check the premium and pay the premiums of the policy online. The insurance company provides payment of the premium via debit or credit card, UPI or net banking.
  6. Step 5: Medical test- 
    You are required to go for a medical test in order to complete the process of application. The representatives of the insurance company will get in touch with you for fixing the appointment for the medical test before issuing an insurance policy.
  7. Step 6: Submit all documents online
    Submit all the relevant documents which are required for buying the term insurance policy online and the policy document will be sent to you on your registered email ID. The documents include the following-
  • Income Proof
  • Address Proof
  • Identity Proof

You can visit the nearest branch of the insurance company to buy a term plan or can also call the toll free number 1800-102-2355 for any assistance. 

Future Generali India Insurance Rider

Insurance riders are effective to add- on covers which you can opt for along with your term insurance policy to expand its coverage. The riders make your term insurance coverage wide and robust covering more than just the finality of demise. Future Generali India offers the following riders with term insurance plans: 

  1. Future Generali non-linked Accidental benefit rider- An additional amount as an additional sum assured is paid to the nominee of the plan on adding this rider if the life assured passes away during the term of the policy.
  2. Future Generali Premium Waiver Benefit Rider- Term insurance policy generally lapse, when you stop paying the premiums. However, with premium waiver benefit riders if the policyholder suffers disablement and cannot pay the premiums, all the future premiums under the policy will be waived off from the date of such accident. The benefit under the plan will continue until the expiry of the policy. The premium waiver benefit rider also extends to permanent and partial disability.
  3. Future Generali Critical Illness Rider- Critical Illness Rider benefit is paid when the life assured is diagnosed with any of the listed critical illnesses as stated in the policy document such as heart attack, cancer, kidney failure, stroke, etc.

Future Generali India Term Insurance Claim Process

Future Generali India endeavours to support you in the claim settlement process in a simple and easy manner. The insurance company ensures that life assured and their loved ones can make a hassle-free claim and it understands the importance of early claim settlement during uneven times. The claim settlement process of Future Generali India term insurance are discussed as follows-

  1. Claim intimation- Start off by intimating the insurance company by filling the insurance claim form by visiting the official website of the company or by just clicking on https://life.futuregenerali.in/claims/make-a-claim.
  2. Fill in the details- You will have to fill in the details of the claim form online such as your name, mobile number, email ID, address along with the details of the claim which includes the name of the insured, your relationship with the insured, the type of claim and the date of the event.
  3. Attach the relevant documents- You will have to attach the death certificate or the medical certificate of death of the life assured issued by the hospital along with the bank account details of the claimant. Along with the claim form and bank account details, you are also required to submit other documents at the nearest branch of the insurance company in order to process the claim:

In the case of Natural Death

  • The death certificate and medical course of the death certificate
  • Original policy document along with photo ID and date of birth proof of life assured
  • Cancelled cheque with pre-printed name on it or bank statement
  • Relationship proof of the nominee with the life assured
  • ID proof and date of birth proof of the nominee of the plan
  • PAN card of nominee

Additional documents in case of unnatural death

  • Post mortem report and chemical viscera report
  • The first information and final investigation report by the police
  • Panchnama report
  • Driving licence of the life assured

All the documents along with the claim form are required to be submitted at the nearest branch of the insurance company. However, the insurance company reserves the right to ask for more documents and information as may be required in consideration of the settlement of the claim.

  1. Claim processing- After all the documents are submitted, the claim specialist of the insurance company will assess the claim and call or intimate the claimant for any further information via a letter or SMS.
  2. Claim decision- After receiving the complete documents and verifying, the insurance company will make a final decision within a period of 10 days and communicate it to the claimant. The insurance company transfers the claim proceeds through direct debit to the account of the claimant in order to ensure speedy pay-out.

Future General India Term Insurance Customer Care Details

Official websitewww.life.futuregenerali.in 
Email IDClaims.support@futuregenerali.in 
Toll free number1800 102 2355
SMS5607003
Corporate addressUnit 801 and 802, 8th floor, Tower C, Embassy 247 Park, L.B.S Marg, Vikhroli (W), Mumbai-400083
WhatsApp8108198633

Future Generali India Term Insurance Review

Future Generali India offers an extensive range of insurance solutions through its wide distribution network in 136 locations with a presence in major cities across the country. Buying Future Generali India term insurance online is an easy and seamless process. It aims to make innovation, simplicity, empathy and care synonymous with its brand. The Assets under Management of the company is worth INR 4347.5 Crore for the financial year 2019-2020.

Future Generali India Term Insurance FAQs

  • 1. What is the Claim Settlement Ratio of Future Generali India Term Insurance?

    Individual Claims Settlement Ratio for the financial year 2018-19 of Future Generali India Term Insurance stood at 95.28%.

  • 2. What is the renewal process of Future General India term insurance plans?

    You can renew your term insurance policy by logging in to the e-portal or by clicking on  (https://customer.life.futuregenerali.in/WebAppln/Pages/Transaction/QuickPay.aspx?_ga=2.201357521.1393088540.1614512292-140590028.1583954445 ) of the insurance company with policy details. After logging into the e- portal select the payment option through which you want to pay the premium. Your policy will be renewed within minutes on payment of premium.

  • 3. What will happen on the non-payment of premiums?

    Future Generali India offers a grace period of 30 days within which you can pay the premiums even after the due date. Even during the grace period of 30 days, you will be entitled to the benefits of the term plans. However, on non-payment of the premium even within the grace period, the policy will lapse.

  • 4. Can I change the premium paying frequency of term insurance plans?

    Yes, most policy terms and conditions allow you to change the frequency of the premium paying term of term insurance plans. You just have to download the payment frequency change form and submit it to the nearest branch of Future Generali India.

  • 4. Does the Future Generali India term insurance plan offer a discount for non-smokers?

    Yes, term insurance plans offered by Future Generali India provide a discount on premium rates for non-smokers.

Recent Articles

View All
https://insurance-blog-cms.s3.ap-south-1.amazonaws.com/Term_5_d8786210ba.png

What Millennials Should Know When Buying Term Insurance?

What millennials should know when Buying term insurance? Know more and get detailed information on term insura...

Read More
https://insurance-blog-cms.s3.ap-south-1.amazonaws.com/Term_5_d8786210ba.png

Why a Home Buyer Needs to Buy Term Insurance?

Detail information on why a home buyer needs to buy term insurance? Know more and get detailed information on ...

Read More
https://insurance-blog-cms.s3.ap-south-1.amazonaws.com/Term_5_d8786210ba.png

This is What May Happen If You Don’t Have a Term Insurance P...

This is what may happen if you don’t have a term insurance plan know more and get detailed information on term...

Read More
https://insurance-blog-cms.s3.ap-south-1.amazonaws.com/Term_5_d8786210ba.png

Is Term Insurance for All Age Groups?

Is term insurance for all age groups? know more and get detailed information on term insurance.

Read More
https://insurance-blog-cms.s3.ap-south-1.amazonaws.com/Term_5_d8786210ba.png

Why is a Medical Test Crucial in Term Insurance?

Why is a medical test crucial in term insurance? get detail information and know more about term insurance pla...

Read More
https://insurance-blog-cms.s3.ap-south-1.amazonaws.com/Term_5_d8786210ba.png

Battle of Investment: Term Plan Vs Mutual Funds

Battle of Investment: Term Plan Vs Mutual Funds - Get detail information and know more about term insurance pl...

Read More
https://insurance-blog-cms.s3.ap-south-1.amazonaws.com/Term_5_d8786210ba.png

Top Investment Plans for NRIs In India

Top Investment Plans for NRIs In India - Get detail information and know more about term insurance plans.

Read More
https://insurance-blog-cms.s3.ap-south-1.amazonaws.com/Term_5_d8786210ba.png

How is Term Insurance Premium Calculated?

How is term insurance premium calculated? Get detail information and know more about term insurance plans.

Read More
https://insurance-blog-cms.s3.ap-south-1.amazonaws.com/Term_5_d8786210ba.png

Joint Term Insurance Plan or Two Separate Term Plans Which O...

Joint term insurance plan or two separate term plans which option is better get detail information and know mo...

Read More