Future Generali Term Insurance
  • Get 5% Online Discount
  • CSR 95.04% for FY 2022-23
  • Cover Death/ Disability or Disease
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Future Generali Term Insurance: Overview 

Future Generali Insurance is a joint venture between two industry titans, 'Future Group' and 'Generali Group'. Future Generali term insurance plans offer you the chance to protect your family from financial adversaries in your absence and allow them to lead a life without making any financial compromises.

The company was incorporated in September 2007 to provide retail, commercial, personal, and rural insurance solutions to individuals and corporations to help them manage and mitigate risks. Future Generali is also one of the very few insurers who take care not only of your family members but also offer health insurance for your pet.

Future Generali offers a variety of term insurance plans that offer protection to your loved ones. The company has total assets under management of the value of Rs. 5300 crores, over 3 million policies sold across India, and 2.6+ lakh claims settled per year.

Future Generali offers 5 online term insurance plans: Care Plus, Saral Jeevan Bima, Express Term Life, Flexi Online Term, and Jan Suraksha. Each plan has its benefits or features and is designed to serve different objectives.

What are some of the
Benefits
that set them apart?

  • Stay protected against 34 critical illnesses

  • Tax benefits under section 80C or 10(10D)

  • Avail high sum assured discount

  • Get life cover at affordable premiums

  • Special premium rates for women

  • Increasing Income Protection

  • Monthly income benefit   

  1. Solvency Ratio
    2
  2. Claim Settlement Ratio
    95.04%
  3. Annual Premium
    Rs 1758.01 crores
  4. Branches
    120+ branches

Future Generali Term Insurance Plans

Future Generali Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by Future Generali Term Insurance.

Plan Entry Age Tenure Min. Sum Assured Unique Features
Future Generali Care Plus Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Rs 25 lakhs
  • Flexibility to choose the benefit payout option
  • Affordable premiums
  • Choose your policy term

Overview of Future Generali Term Insurance Plans

Here is a quick overview of the Future Generali Term Insurance Plans listed in the above table.

Future Generali Care Plus Plan

Future Generali Care Term Plan is a simple and affordable term plan that offers financial security to your loved ones at affordable premiums. This plan allows you to choose from two plan options- Classic and Premiere. The plan also allows you to select your policy term, premium payment term, sum assured, and benefit payout option.

Here are the key features of the above plan
  • Long-term coverage at affordable premiums.
  • This plan can be customized as per the needs of the policyholder.
  • Option to enhance your coverage with rider benefits.
  • Flexibility to choose your policy term and premium payment term.

Explore other Future Generali Term Insurance

Future Generali Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Future Generali Term Insurance plans. Below is the list of term plans offered by Future Generali.

Future Generali Care Plus Plan is a pure protection term plan designed to offer a financial shield for an individual and their family in the case of u...

Unique Features

  • Death Benefit
  • 2 Plan Options
  • Accidental Rider

Future Generali Care Plus (Pros)

Future Generali Care Plus
  • Discount on Higher SA
  • Accidental Death Rider
  • Customizable Plan

Future Generali Care Plus (Cons)

Future Generali Care Plus
  • No Maturity Benefit
  • No Surrender Benefit
  • No Policy Loan Allowed

Future Generali Care Plus (Other Benefits)

Future Generali Care Plus
  • 2 Indicative Premium Rates
  • 1 Cr Sum Assured Plan
  • Suicide Cover After 1 Year

Future Generali Care Plus (Eligibility Criteria)

Future Generali Care Plus
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - 25 Yrs (RP)

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Riders You Can Avail With Future Generali Term Insurance Plans

Name of the rider Benefits
Future Generali Accidental Death Benefit Rider Future Generali Accidental Death Benefit Rider is an optional rider that you can select with your Future Generali term plan. It provides an additional rider sum assured payout in case of accidental death. 
Future Generali Accidental Total Permanent Disability Protection Rider Future Generali Accidental Total Permanent Disability Rider can be attached to your Future Generali term plan. The rider offers benefits in case of permanent disability due to an accident. 
Future Generali Critical Illness Benefit Rider Future Generali critical illness rider offers an additional payout in case of diagnosis of any of the listed critical illnesses in the Future Generali term insurance policy. 

Benefits of Future Generali Term Insurance

Future Generali Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose Future Generali Term Insurance Plans:

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Additional Benefits Offered By Future Generali India Term Insurance Plans

The features and additional benefits of the Future Generali India Life Term Insurance plans are as follows:

Accidental Death Benefit

Get an extra payout on top of the base cover in case of death due to an accident.

High Sum Assured Discount

Get an additional discount on premium if you opt for a high sum assured amount.

Premium Discounts

The plan offers special premium rates for women policyholders or non-smokers.

Increasing Monthly Income

A term plan with increasing monthly income offers monthly installments that grow over time to beat inflation.

Critical Illness Cover

If you are diagnosed with any of the listed critical illnesses, you can claim a partial or total sum assured amount while you're still alive to cover hospital bills, doctor's fees, and other expenses.

Types of Future Generali Term Plans

Future Generali India Life Insurance offers various types of term plans to suit the requirements of every individual.  Below, we've categorized each plan offered by Future Generali.

Basic Term Plan

Plan Name: Future Generali Saral Jeevan Bima or Future Generali Jan Suraksha

These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.

Term Insurance with Monthly Income

Plan Name: Future Generali Flexi Online Term Plan

These plans offer monthly income to the policyholder’s dependents in case of the policyholder’s demise.

Term Insurance with Critical Illness

Plan Name: Future Generali Express Term Life Plan

These plans offer inbuilt coverage against critical illnesses.

Term Insurance with Accidental Disability & Death Cover

Plan Name: Future Generali Care Plus or Future Generali Express Term Life Plan

These plans offer inbuilt coverage against accident disability and death cover.

Documents Required to Buy Future Generali India Term Insurance Plans

Here are the documents required to buy a Future Generali India Term Insurance Plans:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy a Future Generali Term Insurance Plan?

You can buy the Future Generali Term Insurance policy from Policyx.com or the Future Generali Term Insurance website.

Life Insurance
  • Step 1

    Fill out the form given at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to make the payment.

Life Insurance
  • Step 1

    Visit the official website of Future Generali India Life Insurance.

  • Step 2

    Click on ‘Buy Term Plan' on the navigation bar and select ‘Term Insurance Plans'.

  • Step 3

    Click on the ‘Buy Now' button and fill in the required details.

  • Step 4

    Tap on 'Next' and select a plan as per your requirements.

  • Step 5

    Select the cover option you want and make your payment.

Why Choose PolicyX.com?

Don't just take our word for it - check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

How to File a Future Generali Life Term Insurance Plan Claim

Future Generali understands the importance of early claim settlement during tough times. Check out the explained process below to understand the online or offline claim process thoroughly:

Online Process

Your Occupation
1

Claim Reporting

As the insured's nominee, initiate the claim process by informing the insurer about the life insured's death as soon as possible. Please ensure to submit the filled-out Future Generali term insurance claim form with all the necessary documents, as this will help expedite the process.

Your Occupation
2

Claim Review

Once you've submitted the request, the claim specialist will assess the claim. In case the team requires any further information or documents, they'll contact the beneficiaries using the provided contact details.

Your Occupation
3

Claim Approval and Settlement

Once the documents are verified, the insurer will promptly start the claim process. To ensure a speedy payout, the insurer will transfer the claim to the claimant's account.

Offline Process

Future Generali Life term plan claim settlement procedure can be done by visiting the local Future Generali Life branch office. Submit a duly filled claim form along with the required documents to a helpdesk. However, you can easily locate the nearest branch office using the Future Generali branch locator.

Your Occupation
Life Insurance

More Queries?

If you have any more queries regarding Future Generali Term Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

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. 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.

4. May I know whether the Future Generali Flexi Online Term Plan provides coverage for my children?

No, the Future Generali Flexi Online Term Plan does not provide coverage to children. The mandatory age at entry for the policy is 18 years.

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

6. 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.

7. 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.

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Himanshu Kumar

Written By: Naval Goel

Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.