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Life Insurance Plans

Future Generali Life Insurance Company

Future Generali Life Insurance Company

Life Insurance Company, Future Generali, is a shared endeavour between IITL or Industrial Investment Trust Limited, Generali Group, and Future Group. Future Groups is of the top retailers in the country, handling some of the most popular chains like Big Bazaar, eZone, Food Bazaar, etc. It aims at bringing a better change in the Indian business sectors. The Generali Group is one of the world’s largest insurance companies, listed globally among the top 50. Incorporated in the year 1933, IITL is another of the leading investment companies in the world.

It was started in September, in the year 2007 and aims towards providing all insurance solutions to its customers under one roof. Moreover, the company is a huge network, offering its customers a wide range of insurance products.

The company works towards improving people’s quality of life through insurance by protecting their wealth, providing safety and the best service. It is known for valuing its customers and encouraging diversity.

Company Performance

Since its inception in 2007, the company has been growing widely and currently has 137 branches throughout the country. Also, more than 1,600 agents are representing it across the country.

More than 1,400 funds has been infused in the company so far. During Future Generali Insurance Week in 2011, Guinness World Record was made by the company for forming the Longest Balloon Chain.

It has a solid foundation with more than Rs. 1,900 crore assets under management. Generali Life Insurance has covered more than 11 lakh people throughout the country and has 2,200 corporate clients which indicate its strong customer base. Also, it settles more than 1,80,000 claims every year.

Key Advantages and Features

Below are listed a few reasons as to why you should choose Future Generali Life Insurance:

  • The company is constantly working towards improving the lives of its customers.
  • It commits with discipline, a long-lasting relationship with the customers.
  • Since it’s the people who are responsible for the company’s future, it is always focused on developing the people.
  • The company has solid, supportable and long lasting relationships with all markets it engages with.
  • It is always aiming at reaching even greater heights by looking at things from all different perspectives.

It has a product to meet each of your insurance needs.

Types of products

1. Term Plans
If you are looking for an inexpensive plan which meets most of your needs by providing total protection and financial security to your family in case of some unexpected occurrence, this is the one that you could go for. It will provide you with monetary coverage for a particular period.
Following are the plans under it:

  1. Flexi Online Term Plan by Future Generali
  2. Care Plus by Future Generali

2. Traditional plans
If you are someone who doesn’t like to take any risks, this is probably the best plan for you. They are one of the oldest plans, and you get the guaranteed sum and also a bonus at maturity.
Following are the plans under it:

  1. Assure Plus
  2. Triple Anand Advantage
  3. New Saral Anand

3. Unit Linked Insurance Plans
These plans help fulfil your financial goals, be it a medium term or long term. With this plan, you can choose to participate in capital markets.
Following are the plans under it:
REGULAR/LIMITED PREMIUM

  1. Easy Invest Online Plan
  2. Dhan Vriddhi
  3. Wealth Protect Plan           
  4. Bima Advantage Plus

SINGLE PREMIUM

  1. Bima Gain
  2. Pramukh Nivesh ULIP

4. Guaranteed Plans
These plans provide you with consistent income for a certain period. You can also receive death benefits, maturity benefits and tax benefits.
Following are the plans under it:

  1. Pearls Guarantee
  2. Saral Bima
  3. Assured Income Plan
  4. Assured Money Back Plan
  5. Assured Education Plan

5. Group Plans
These plans are perfect for groups and institutions. They have many options to extend your loans, life insurance, superannuation, etc.
Following are the plans under it:

  1. Group Superannuation Plan
  2. Group Leave Encashment Plan
  3. Group Gratuity Plan
  4. Group Term Life Insurance Plan
  5. Loan Suraksha

6. Retirement Plans
As the name suggests, these plans are for you to live a happy and relaxed life after your retirement. You’ll be provided with regular pension and also guaranteed benefits.
Following are the plans under it:

  1. Immediate Annuity Plan by Future Generali
  2. Pension Guarantee by Future Generali

7. Rural Plans
These plans are created with low cover at low premiums, and still crafted to meet the necessities of people throughout the country.
Following are the plans under it:

  1. Future Generali Jan Suraksha Plus
  2. Future Generali Jan Suraksha

8. Health Plans
These plans are designed to help your family if you meet with some unfortunate occurrence and aren’t around for them.
Following are the plans under it:

  1. Cancer Protect Plan

Product Details

1. Flexi Online Term Plan by Future Generali

 

Basic Life Cover

Income Protection

Minimum Entry Age

18 years

25 years

Maximum Entry Age

55 years

55 years

Maturity Age

Minimum – 28 years
Maximum – 75 years, 65 years for smoker

Minimum – 45 years
Maximum – 65 years

Policy Term

Minimum - 10 years

Maximum – 75 years (Smoker – 65 years) minus Entry Age

Minimum – 10 years
Maximum – 65 years minus entry age

My Protection Plan

Premium Payment Frequency

Annual

Minimum Sum Assured

Rs. 50,00,000

Maximum Sum Assured

No Limit

Benefits:

  • You can create your plan.
  • Obtain a longer protection.
  • Premium rates for women are less.

2. Future Generali Pearls Guarantee

Minimum Entry Age

7

Maximum Entry Age

55

Maturity Age

Minimum – 23
Maximum - 73

Policy Term

Minimum – 16
Maximum - 18

Premium Payment Mode

Yearly/Half Yearly/Quarterly/Monthly

Maximum/Minimum Sum Assured

Based on Policy Term Chosen

Benefits:

  • Tax benefits are available.
  • Maturity benefits are available.

3. Future Generali Cancer Protection Plan

Minimum Entry Age

1

Maximum Entry Age

65

Premium Payment Frequency and Policy Term

Major lives - 10 years, 15 years, 20 years or 80 years minus age at entry. 
Minor lives - 18 minus age at entry or 10 years, whichever is higher
Maximum coverage Age is 80 years

Sum Assured

Major lives (in lakhs): 10, 20, 30, and 40
For Minor lives (in lakhs): 10

Benefits:

  • Tax benefits are available.
  • In case you aren’t okay with any terms of the policy, you can return it to the company within a period of 15 days.
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