Future Generali Life Insurance Company is one of the reputed insurance companies in India. Future Generali Life Insurance Company Limited is a joint venture between three leading groups: Future Group and Generali Group and Industrial Investment Trust Limited (IITL). The cost of Future Generali India life insurance varies depending on the type of policy that you choose to buy.
Future Generali India Life Insurance Co Ltd was established in 2007, and the company has 136 branches all over India. Future Generali Life Insurance aims towards becoming one of the leading insurers in India. Future Generali India Life Insurance Company Ltd provides a complete range of products and services for the financial security of customers.
Future Group is a leading retailer in India with multiple businesses spanning the retail space. It was established 25 years ago. Future Group manages multiple retail formats such as Pantaloons, Big Bazaar, Central, Food Bazaar, Home Town, etc. The company has consumer-centric businesses such as media, retail, insurance, etc.
Generali Group is a global insurance group that features among the top 50 smartest companies in the world. It was established in 1831. It is a group player in the global insurance and financial products market. Generali Group provides a wide range of products ranging from savings and family protection policies to unit-linked policies to its customers.
Industrial Investment Trust Limited (IITL) is a leading investment company. IITL was established in 1933. The investment firm is registered as a Non-Banking Financial Company with the Reserve Bank of India (RBI). It holds a 22.50% stake in the honesty of Future Generali Life Insurance Company.
The company launched a self-servicing application for its customers. It will help customers manage their policies, buy and renew their insurance policies, report the claim, and even track claims. The company has tie-ups with many banks such as UCO Bank, Bank of Maharashtra, Lakshmi Vilas Bank, Nainital Bank, etc.
Future Generali Life Insurance Company provides a wide range of plans to their customers. Future Generali Life insurance products consist of child insurance plans, retirement plans, term insurance plans, saving plans, guaranteed plans, traditional plans; Unit linked insurance plans, group insurance plans, etc.
About Future Generali India Life Insurance
| Claim Settlement Ratio |
94.9% |
| Inception |
2007 |
| Branches |
1100 |
| Death Benefit Paid For |
1,089 Policies |
| Solvency Ratio |
1.58 |
| Assets under Management |
53.4 Million |
| Market Share |
767.5 Crores |
Key Features of Future Generali Life Insurance
- Claim Settlement Ratio:
An insurance company that has a good claim settlement ratio as a higher ratio indicates better claim credibility of the company. The Claim Settlement Ratio indicates how many claims have been settled out of the total number of claims submitted in a given year. As per the IRDAI, the claim settlement ratio of Future Generali Life Insurance was 95.28% which means your family doesn't have to go through any inconvenience while getting claims. It helps customers to compare quotes and get the best life insurance policy.
- Solvency Ratio:
The solvency ratio of Future Generali Life Insurance helps an individual to know the company's ability to meet its long-term financial duty. The solvency ratio provides financial year information about the company. IRDAI declared that every life insurance company to maintain a solvency ratio of 1.5. As per IRDAI Annual Report 2019-20, the solvency ratio of Future Generali is 1.58 that fulfills the set standards of IRDAI.
- Market Share:
Market share is the percentage of total sales in the market produced by an insurer. It is calculated by taking sales of the company and helping in analyzing the growth of a company and financial framework and business position of any insurance company is important to estimate its market share. Future Generali life insurance Company the annual premium of Rs. 399.87 Crores during 2016-17 which has increased to Rs. 767.5 Crores in 2019-20.
- Market Share:
Market share is the percentage of total sales in the market produced by an insurer. It is calculated by taking sales of the company and helping in analyzing the growth of a company and financial framework and business position of any insurance company is important to estimate its market share. Future Generali life insurance Company the annual premium of Rs. 399.87 Crores during 2016-17 which has increased to Rs. 767.5 Crores in 2019-20.
- Operating Network:
Future Generali Life Insurance Company operates across the country with 136 branch offices. The company provides excellent insurance products with affordable premium rates. Future Generali Life & General Insurance aims towards becoming one of the leading insurers in India.
Future Generali India Life Insurance Benefits
- Wide Range of Products: Future Generali India Life Insurance offers a wide variety of life insurance policies. You can choose those plans to secure your family's future. Health insurance policies also provide financial security against rising healthcare costs.
- Online Availability: Future Generali India Life Insurance offers the facility of purchasing life insurance products online. You can also pay your premiums and renew the policies online.
- Hassle-free Claim Process: Future Generali India Life Insurance is one of the best in the business as it offers hassle-free, customer-friendly claim procedures.
- Riders Availability: Future Generali India Life Insurance provides riders like accidental death and total or permanent disability riders to its policyholders at a nominal cost.
Future Generali India Life Insurance Plans
Future Generali Life Insurance Term Plans
Term life insurance plan is a type of life insurance plan which pays the claim to the nominee of the insured in case of death of the insured. The life insurance coverage is provided for a particular period which is known as the “term”.
The term insurance plan offers maximum life coverage and helps you in difficult situations. Term life insurance protects your family’s financial needs & lifestyle in your absence. Term insurance is providing financial security to the family in case the policyholder meets with any unexpected event.
1. Future Generali Flexi Online Term Plan:
Flexi Online Term Plan is a pure risk premium life insurance plan. It is an online term plan that offers life cover as well as a monthly income and the choice to change the plan based on the policyholder’s requirements.
2. Future Generali Care Plan:
Future Generali Care Plan is a pure Term Plan that Provides a high life cover at a low premium and provides coverage in case of the sudden death of an insured person
3. Future Generali Express Term Life Plan:
Future Generali Express Term Life Plan is an individual, non-linked, pure risk premium life insurance plan. This term Plan provides high life cover at a low premium and provides coverage in case of the sudden death of the policyholder.
4. Future Generali Jan Suraksha:
Future Generali Jan Suraksha plans to help you and your family against your loans and liabilities and it requires only a one-time premium to get life insurance coverage.
5. Future Generali Saral Jeevan Bima:
Future Generali Saral Jeevan Bima plan is a non-linked, individual pure risk premium life insurance policy. This plan secures you and your loved ones. This policy covers only death due to accidents.
Eligibility Criteria:
| Type of Plan |
Entry Age |
Maturity Age |
Policy Term |
Premium Payment |
| Term Insurance Plan |
Min 18 to Max 60 years |
Min 28 to Max 65 years |
Min 10 to Max 75 years |
Yearly, half-yearly, and quarterly, monthly |
Benefits:
- The best term insurance plan is the one that offers the maximum coverage at affordable premiums and with all the possible add-ons.
- Term Insurance Plans Provides Financial protection for you and your family.
- Term plans offer various premium payment options such as Monthly, quarterly, half-yearly, yearly.
- Term plans provide maturity benefit at the end of the policy term in case of an insured person survives the policy term
- Term insurance plans offer tax benefits under sections 80C and 10(10D) of the income tax Act 1961.
Future Generali Life Insurance ULIP Plans
A Unit Linked Insurance Plan is a term insurance policy with Insurance coverage and Investment. ULIP policy provides death benefit- in case the policyholder expires within the policy period and also Survival benefit- in case the policyholder survives the policy term. The death benefit provided is with the premium collected under the insurance portion of the policy and the survival benefit is paid with the premium collected and invested by the insurance company.
ULIP Plans have the investment component where a part of the premium collected from the customer is invested into the debts to purchase units which over some time develop in conjunction with the market and generate revenue to the policyholder.
1. Future Generali Big Dreams Plan:
Future Generali Big Dreams Plan is a comprehensive unit linked insurance plan. It is a non-linked, non-participated, individual life insurance plan. It provides life cover and secures your family’s future against the uncertainties of life.
2. Future Generali Dhan Vridhi:
The Future Generali Dhan Vridhi is a ULIP and it is a limited premium payment term insurance cover. In this policy, the investment risk is borne by the policyholder. The plans ULIP do not offer cash in the first 5 years of the contract.
3. Future Generali Bima Advantage Plus:
Future Generali Bima Advantage Plus offers a policy term of 10 to 30 years with an insured receiving the fund value at maturity. The death benefit is similar to the Wealth Protect Plan which is higher of sum assured less any withdrawals, fund value, or 105% of the premium paid.
4. Future Generali Easy Invest Online Plan:
Easy Invest Online Plan provides life cover along with the benefit of wealth creation. This plan gives you the option to switch funds.
5. Future Generali Wealth Protect Plan:
Future Generali Wealth Protect Plan provides comprehensive protection of 7 to 30 times of annual premium depending on customer requirement and it guaranteed loyalty addition at maturity in addition, to fund value in addition to a high cover that can be up to 30 times the annual premium amount.
Eligibility Criteria:
| Type of Plan |
Entry Age |
Maturity Age |
Policy Term |
Premium Payment |
| Unit Linked Insurance Plan |
Min 7 to Max 70 years |
Min 18 to Max 75 years |
Min 5 to Max 40 years |
Yearly, half-yearly, and quarterly, monthly |
Benefits:
- The ULIP is the one that offers flexibility in the payment frequency of term insurance premiums. The premiums can be paid on a monthly, quarterly, half-yearly, or annual basis as per the product terms and conditions.
- Unit Linked Insurance Plans Provides Financial protection for you and your family.
- ULIPs allow investors to keep track of their investment portfolio and are also regularly updated with the changes in the invested percentage of the premium.
- ULIPs also offer additional life cover for your loved ones through rider options such as accidental death rider and critical illness rider, etc.
Future Generali Life Insurance Child Plans:
A child plan is a type of life insurance plan that is a combination of both the investment and the insurance to ensure a safe future for your child. The child plans are typically classified into two types- Market linked and Non-market-linked plans. The market-linked plans are similar to that of the ULIPs where the final maturity benefit depends on the performance of the funds selected by the policyholder/the parent.
Non-market-linked plans are a form of Endowment plans which offer a fixed rate of return to the customer as a maturity benefit after the completion of the policy period. These plans also provide flexible pay-out options at certain intervals of the policy period which can be used for the different stages of education of your child.
1. Future Generali Assured Education Plan:
Future Generali Assured Education Plan is a guaranteed income child plan; the plan allows a parent to plan for their child's education. This insurance plan offers three options to receive guaranteed pay-outs and parents can take their pick depending on their child’s education goals.
Eligibility Criteria:
| Type of Plan |
Entry Age |
Maturity Age |
Policy Term |
Premium Payment |
| Child Insurance Plan |
Age of the Parent: 21 - 50 years and
Age of the Child: 0 - 10 years |
Min 35 to Max 67 years |
17 years - entry age of the child(years of age) |
Yearly, monthly |
Benefits:
- Get maturity benefit of 100% of sum assured is paid.
- Get death benefit of sum assured is paid immediately to the nominee on death of the insured.
Future Generali Life Insurance Retirement Plans
Retirement plans are insurance plans which help people meet their expenses after their retirement with periodic payments by the insurance company. Retirement plans can generally be of two types: One is where the policyholder will invest the amount over a while to attain a corpus and after which the insurance company will pay periodic instalments to the policyholder after his/her retirement.
The other is where the policyholder can purchase an annuity plan by paying a lump sum amount and the insurance company will start paying the monthly amount immediately or after some time as selected by the policyholder.
1. Future Generali Immediate Annuity plan:
Future Generali Immediate annuity plan offers fixed income for your lifetime. In this plan, you get the flexibility of choosing payout options and offers annuity cards.
2. Future Generali Saral Pension Plan:
Future Generali Saral Pension Plan is a single premium plan and it is a non-linked, non-participating individual immediate retirement plan.
Eligibility Criteria:
| Type of Plan |
Entry Age |
Maturity Age |
Policy Term |
Premium Payment |
| Retirement Insurance Plan |
Min 20 years to 70 years |
80 years |
Whole life |
Yearly, half-yearly, quarterly, monthly |
Benefits:
- The retirement plan is the one that offers flexibility in the payment frequency of term insurance premiums. The premiums can be paid on a monthly, quarterly, half-yearly, or annual basis as per the product terms and conditions.
- Retirement Insurance Plans Provides Financial protection at retirement age.
Future Generali Life Insurance Saving Plans
Future Generali life insurance saving plans provide a huge range of insurance policies that helps the customer to accumulate wealth in the long term and also provide an opportunity to create financial support for the family of the insured person. The proceeds help finance your future goals like children’s education, marriage, and retirement funds, etc. Future Generali life insurance saving plans offer 3 types of saving plans.
i.) Traditional Plans:
Traditional plans are the oldest insurance plans which provide benefits such as risk cover, fixed income return, tax benefit, etc. Traditional plans provide sum assured and guaranteed bonuses at the time of maturity.
a) Future Generali Triple Anand Advantage: Future Generali Triple Anand Advantage plan provides the policyholder with a life cover until the age of 80. On maturity, the insured gets a lump sum pay-out.
- Entry Age: Min 7 years to Max 50 years.
- Maturity Age: 27 to 75 years
- Premium payment: yearly, half-yearly, monthly
- Premium Payment Term: 15, 20 years
- Policy Term: premium payment term+5 years
- Sum Assured- Rs. 2 lakhs to No limit
b) Future Generali New Assure Plus: Future Generali New Assure Plus plan provides the policyholder with the flexibility of choosing their premium payment term and their policy term.
- Entry Age: Min 3 years to Max 55 years.
- Maturity Age: 18 to 70 years
- Premium payment: yearly, half-yearly, quarterly,monthly
- Policy Term:10, 30 years
- Sum Assured- Rs. 1 lakh to No limit
c) Future Generali Lifetime Partner Plan: Future Generali Lifetime Partner Plan provides financial protection to your loved ones, along with a regular income for the whole of your life, up to age 100.
- Entry Age: Min 1 year to Max 60 years.
- Maturity Age: 100
- Premium payment: Limited pay
- Policy Term:100- entry age
- Sum Assured- Rs. 1 lakh to No limit
ii) Guaranteed Plans:
Guaranteed plans provide sum assured benefit to the policyholders. The traditional insurance plan provides life cover, together with guaranteed pay-outs. Guaranteed Plans protect you and your loved ones with a comfortable life now and in the future.
a) Future Generali Money Back Super Plan: Future Generali Money Back Super Plan is a non-linked, non-participating, savings money back plan. This plan provides money back in regular intervals along with life cover.
- Entry Age: Min 0 year to Max 55 years.
- Maturity Age: 18 to 65 years
- Premium payment: Regular pay
- Policy Term:10,12,15,20 years
b) Future Generali New Assured Wealth Plan: Future Generali New Assured Wealth Plan is a non-linked, non-participating, savings plan. This plan provides benefits of Guaranteed Additions and Guaranteed Sum Assured on maturity along with life cover.
- Entry Age: Min 0 year to Max 60 years.
- Maturity Age: Min 18 to Max 76 years
- Premium payment: yearly, half-yearly, quarterly, monthly
- Policy Term:12,16,18, 20 years
- Sum Assured: Rs. 90,000 to No limit
c) Future Generali Term with Return of Premium Plan: Future Generali Term with Return of Premium Plan is a non-linked, non-participating, savings life insurance plan. This plan provides maturity benefits, death benefits along life cover.
- Entry Age: Min 18 to Max 55 years
- Maturity Age: Min 28 to Max 75 years
- Premium payment: 10-15 years
- Policy Term:10 to 35 years
- Sum Assured: Rs. 2 lakhs to No limit
d) Future Generali Jan Suraksha Plus Plan: Future Generali Jan Suraksha plus Plan provides life insurance cover through the term and gets assured maturity amount more than the premium paid.
- Entry Age: Min 18 to Max 50 years
- Premium payment: single pay
- Policy Term:8 years
e) Future Generali Big Income Multiplier Plan: Future Generali Big Income Multiplier Plan provides the policyholder with a maturity payout over 12 years.
- Entry Age: Min 4 to Max 50 years
- Maturity Age: 18 to 64 years
- Premium payment: Annual, Monthly
- Policy Term:14 years( fixed)
f) Future Generali Assured Income Plan: Future Generali Assured Income Plan is a limited premium insurance plan where you pay premiums only for 11 or 15 years and get the guaranteed payout for an equivalent number of years.
- Entry Age: Min 7 to Max 50 years
- Premium payment: 11/15 years
- Policy Term:11/15 years
g) Future Generali Assured Money Back Plan: Future Generali Assured Money Back Plan is a non-linked, non-participating money back plan that offers a choice of 4 policy terms and a guaranteed 10% of the Sum Assured as cashback annually.
- Entry Age: Min 18 to Max 55 years
- Premium payment: monthly, quarterly, half-yearly, Yearly
- Policy Term:10/12/15/17/20/22
- Sum Assured:Min Rs.58,215/-, Rs.49,425/-
Future Generali India Life Insurance Health Plans
Future Generali health insurance policy is a contract between an insurance company and the insured person in which the insurer will pay for the medical expenses of the policyholder. Health insurance premiums vary from insurer to insurer and from customer to customer. There are several factors, including your age, income, gender, family history, etc.
1. Future Generali Cancer Protect Plan
Future Generali Cancer Protect plan is an Individual, Non-Linked, Non-Participating, Pure Risk Premium, Health Insurance Plan. It will help you stay financially and psychologically secure in case you or a family member of yours is diagnosed with Cancer.
Eligibility Criteria:
| Parameter |
Eligibility |
| Entry Age |
18 years to 65 years |
| Policy Term |
5 years, 10 years, 15 years, 20 years, or 80 years minus age at entry. |
| Premium Payment Frequency |
Single, Annual, and Monthly |
| Sum Assured |
10 lakhs, Rs.20 lakhs, Rs.30 lakhs, and Rs.40 lakh |
| Policy Payment Term |
Regular Premium, Single Premium |
2. Future Generali Heart and Health Insurance Plan
Future Generali Heart and Health Insurance Plan is an individual non-linked and non-participating health insurance plan. It provides a fixed financial benefit that will help cover the costs of medical treatment when a terminal or critical illness has been diagnosed, which requires long-term treatment.
Eligibility Criteria:
| Parameter |
Eligibility |
| Entry Age |
18 years to 65 years |
| Maturity Age |
75 Years |
| Policy Term |
10 years, 15 years, 20 years, 25 years or 75 years minus age at entry. |
| Premium Payment Frequency |
Annual, Half-Yearly, Quarterly, and Monthly |
| Sum Assured |
5 Lakhs to 50 Lakhs |
Future Generali India Life Insurance Combo Plans
1. Future Generali Guaranteed Income Solution:
Future Generali Guaranteed Income Solution plan is a combination of life insurance plans that equip you not only with an additional income to meet your regular needs but also create a sizeable wealth corpus to achieve your planned milestones.
Eligibility Criteria:
| Parameter |
Eligibility |
| Entry Age |
5 years to 40 years |
| Policy Payment Term |
15 Years |
| Premium Payment Frequency |
Annual |
| Premium |
70000/- Per Annum |
2. Future Generali Assured Advantage Solution Plan:
Future Generali Assured Advantage Solution plan provides life cover that safeguards your family’s financial milestones.
Eligibility Criteria:
| Parameter |
Eligibility |
| Entry Age |
7 years to 50 years |
| Policy Payment Term |
15 Years |
| Premium Payment Frequency |
Annual |
| Premium |
70000/- to 1.5 Lacs Per Annum |
Future Generali India Life Insurance Group Plans
Future Generali Group Insurance plans offer insurance coverage to a group of individuals. These groups can be employer-employee groups or non-employer-employee, etc. In group insurance, members of the group can get coverage for life, gratuity, superannuation, leave encashment and loan protection, etc.
1. Future Generali Sampoorn Loan Suraksha:
This plan is a Non-linked, Non-participating, Pure Risk Premium, Credit Life Insurance Plan designed specifically for the new/existing customers of financial institutions.
Eligibility Criteria:
| Parameter |
Eligibility |
| Entry Age |
14 years to 70 years |
| Policy Term |
13 Months to 360 Months |
| Premium Payment Term |
Single-Premium |
| Sum Assured |
10000/- Per Member |
| Group Size |
20 Members |
2. Future Generali Group Superannuation Plan:
Future Generali Group Superannuation Plan is a Non-Linked Participating Group Superannuation Product and it is a fund management plan for securing the superannuation fund of employees.
Eligibility Criteria:
| Parameter |
Eligibility |
| Entry Age |
18 years to 79 years |
| Maturity Age |
19 to 80 Years |
| Policy Term |
Yearly |
| Sum Assured |
Rs. 2 Lakhs |
| Group Size |
10 Members |
3. Future Generali Group Leave Encashment Plan:
Future Generali Group Leave Encashment Plan is a non-linked non-participating group leave encashment product. It offers fund management for securing leave encashment funds for employees.
Eligibility Criteria:
| Parameter |
Eligibility |
| Entry Age |
18 years to 69 years |
| Maturity Age |
Yearly, Half Yearly, Quarterly |
| Sum Assured |
Rs. 5 Lakhs |
| Group Size |
10 Members |
| Death Benefit |
5000/- per Annum |
4. Future Generali Group Gratuity Plan:
Future Generali Group Gratuity Plan is a non-linked non-participating group gratuity product. It offers fund management to secure gratuity payments for employees.
Eligibility Criteria:
| Parameter |
Eligibility |
| Entry Age |
18 years to 69 years |
| Policy Payment Frequency |
Yearly, Half Yearly, Quarterly |
| Sum Assured |
Rs. 5 Lakhs |
| Group Size |
10 Members |
| Death Benefit |
5000/- per Annum |
5. Future Generali Group Term Life Insurance Plan:
Future Generali Group Term Life Insurance Plan is ideal for employers or groups that wish to secure the families of their employees or members and it provides Insurance coverage to the group members.
Eligibility Criteria:
| Parameter |
Eligibility |
| Entry Age |
18 years to 69 years |
| Policy Term |
Yearly |
| Group Size |
25 Members |
| Death Benefit |
Sum Assured Amount |
6. Future Generali Loan Suraksha Plan:
Future Generali Loan Suraksha Plan is a type of group insurance plan that provides a life cover to borrowers the loan amount. This plan provides coverage to members for a wide range of loans - Housing Loans, Vehicle Loans, Personal Loans, Education Loans, Business Loans, etc.
Eligibility Criteria:
| Parameter |
Eligibility |
| Entry Age |
18 years to 65 years |
| Policy Term |
2 to 30 Years |
| Sum Assured |
20000/- to No Limit |
| Group Size |
50 Members |
| Premium Payment Term |
Single Premium |
7. Future Generali Comprehensive Employee Benefits Plan:
Future Generali Comprehensive Employee Benefits Plan is a single group insurance plan is designed for employees to meet exigencies like superannuation and leave encashment.
Eligibility Criteria:
| Parameter |
Eligibility |
| Entry Age |
18 years to 79 years |
| Maturity Age |
80 Years |
| Policy Term |
Yearly Renewable |
| Group Size |
10 Members |
| Sum Assured |
5000/- Per Member |
Future Generali India Life Insurance Premium Calculator
You can compare Future Generali's life insurance plans with other top leading insurers online using the premium calculator on our portal. The online life insurance premium calculator offers a premium, that you should be paid out based on the sum assured from your policy. It helps you obtain premium quotes in minutes without any documentation.
- Enter personal information such as name, gender, date of birth, yearly income, city, mobile number, and tobacco consumer or not, etc.
- The sum assured you wish your family/beneficiary to receive from your policy and Maturity coverage
- The premium calculator will recommend plans with different premium rates for you in accordance with the details you have provided.
- Once you have evaluated what plan is right for you, you can proceed to purchase it online without any delay.
How to Buy Future Generali Life Insurance Online at PolicyBachat
You can buy a Future Generali life insurance policy easily online at Policybachat
- Visit the Policybachat Website and select the ‘Life’ tab.
- Enter your Name, Date of Birth, and Mobile Number.
- Click on the ‘View Plans’ button.
- Just Answer 5 Simple Questions.
- Select your ‘Gender’.
- Select ‘YES’ or ‘No’ if you have Smoked or Chewed Tobacco in the last 12 months.
- Select your ‘Annual Income’.
- Select your ‘Education Qualification’.
- Choose your ‘Occupation Type’.
- Enter your ‘Email Address’.
- Then click on ‘Start Saving Money’.
- Premium Quotes life insurance plans will be displayed as per data entered by you and which are suits your requirement.
- You can add riders; edit your sum insured, policy premium frequency, etc.
- Purchase the best life insurance policy using online payment
Claim Process of Future Generali Life Insurance
Step1: Claim Intimation:
The first step is to intimate the insurance company by calling on the customer service number 1800-102-2355 Download the Future Generali Life insurance claim form from the website or collect the death claim intimation form from the nearest Future Generali Life insurance branch office and fill in the details and attach the documents required.
Step2: Claim Processing:
The filled-in claim form along with the required documents has to be submitted to the nearby branch of Future Generali. The claim officer will contact the nominee for further verification.
Step3: Claim Decision:
After the submission, the company will verify the documents and assess the claim. You will be kept in the loop through regular messages and emails. The term insurance claim, if it is genuine the claim amount will be transferred to the registered bank account within 10 working days. In case investigation is required, the investigation has to be completed within 90 days.
Documents required for claiming Future Generali India Life Insurance
- Original death certificate is given by local authority and original policy document.
- Photocopy of passbook, bank statement, or canceled cheque.
- Birth certificate of the policyholder.
- Attach the photo ID of the policyholder and Identification proof of nominee such as PAN, Aadhar Card, Voter ID, Passport, etc.
- Proof of relationship between Nominee and the Policyholder.
- If required additional documents copy of FIR/ post mortem, hospital treatment certificate, employer’s certificate, and copy of police final statement report.
List of Life Insurance Companies:
Future Generali Life Insurance FAQ's:-
How to do Future Generali Life Insurance Policy Copy Download?
For downloading Future Generali Life insurance policy copy login to the website by entering required details such as Policy Number, Name, and Phone number, etc. Go to Policy copy download options as Premium Receipt, Premium Notice, Unit Statement, Premium Paid Certificate, and GST Invoice. Select which policy copy to download and print.
How to do Future Generali Life Insurance Policy Renewal Online?
- Visit the Future Generali life insurance website and click on the option to renew your life insurance policy.
- Enter the required details that include your policy number, mobile number, and email address.
- Renew life insurance policy through multiple options using Net banking, Credit card, Debit card, UPI wallets, and bill pay online.
How Can I Surrender My Future Generali Life Insurance Policy Online?
You can Surrender Future Generali Life insurance policy online on our portal. Surrender value is the amount of premium refunded to the policyholder after a few years of premium payment. The surrender value is paid to the policyholder at the time of surrender. Surrender is only allowed for single premium cases where the premium is paid lump sum to the insurance company. Surrender benefits will be paid immediately on the request, surrender is allowed from the first policy year. The surrender value is paid as per the plan option opted by the policyholder.
How Does Future Generali Term Plan with Return of Premium Work?
Future Generali's term plan with a return of premium is the same as a standard term plan. It works as a life cover and provides a death benefit to the beneficiaries of the policy. Policyholders can benefit from a term plan with a return of premium by paying an additional premium.
Example:
- If a 30-year-old person purchased the term insurance policy with a return of premium of Rs. 1 crore for 25 years
- If he dies in the policy period itself, his family will get 1 crore
- If he survived the policy period then he will get the return of the premium amount from the insurer.
How to check Future Generali Life Insurance Expiry Date Online?
Future Generali Life Insurance expiry date can be checked online from the website Parivahan or mParivahan app which is available on the play store. By entering the details of insurance would be displayed on the app. The start date and expiry date of the life insurance can be viewed on the app and the insurance renewal can be done accordingly. Alternatively, the life insurance expiry date can be checked online from the insurance company website or by calling our toll-free number 1800-123-4003.