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Future Generali India Life Insurance

Claim Settlement Ratio - 95.16%*
*Data according to IRDA Annual Report (2018-19)
*Please note that the quotes shown will be from our partners

Future Generali India Life Insurance was established in September 2007 to emerge as a trusted brand in the country. It delivers relevant insurance products to suit the individual preferences of all tastes. Thus, the private insurer has designed a range of insurance products covering term, endowment, ULIP, child, and retirement plans. The company has a robust portal, offering the best and selected plans from different classes for online purchases.

It is a Joint Venture between – The Future Group, the Generali Group, and Industrial Investment Trust Limited. Future Generali India Life Insurance aims to reach out as a first-choice insurer, delivering a wide range of insurance solutions in diverse flavours.

Why should one choose Future Generali India Life Insurance Plan?

The strong brand presence is backed by proven credentials, operating in 117 locations at a pan India level. The company boasts the sale of 13.8 lakhs policies to its discerning clientele. Their strength is reflected in a Claim Settlement Ratio of 95.15% as of 31st March 2019. True to their grain, Future Generali India Life Insurance delivers innovative solutions in one of the broadest portfolios of insurance products in the market.

Types of Future Generali India Life Insurance Plans

The entire range of Future Generali India Life Insurance is listed for at a glance view. The focus generally has been on individual life insurance plans, whereas Future Generali India Life Insurance also boasts of a range of Group Plans

Plan nature Plan name
Term Plans  Flexi Online Term Plan
Express Term Insurance Plan
Care Plus
Jan Suraksha
ULIP Plans Easy Invest Online Plan 
Big Dreams Plan
Dhan Vridhi
Wealth Protect Plan
Bima Advantage Plus
Savings Plans Traditional Triple Anand Advantage
New Assure Plus
Guaranteed Plans Assured Wealth Plan
Big income Multiplier
Assured Income Plan
Assured Money Back Plan
Assured Education Plan
Jan Suraksha Plan
Term With ROP
Child Plan Assured Education Plan
Retirement Plan Immediate Annuity Plan 

Plan nature Plan name
Group Plans Sampoorna Loan Suraksha
Superannuation Plan
Group Leave Encashment Plan
Group Gratuity Plan
Generali Group Term Life Insurance  Plan
Generali Loan Suraksha

Features and Benefits of Future Generali India Life Insurance Plans

The multiplicity of life insurance products compels analysis of features and benefits of Future Generali India Life Insurance Plans category wise, for easy comprehension. However, some common parameters apply across all plans.  

  • Premium Payment Mode

    There are three modes of premium payment. They are:    

    • Single (One-time payment)
    • Limited (For periods defined within the overall policy term)
    • Regular (Equal to the full policy term)
  • Premium Payment Frequency

    It can be any of the following:

    • Annual
    • Half-yearly
    • Quarterly
    • Monthly
  • Tax Benefits

    All life insurance products provide tax savings under the Income Tax Act, 1961, subject to conditions:

    • Total premium paid in a Financial Year limited to a maximum of Rs 1.5 Lakh, under Section 80C
    • Premium component for Critical Illness under Section 80D
    • Survival, Death, or Maturity Benefit under Section 10(10D)
  • Term Plans

    They are characterized as pure risk life insurance plans, aiming to protect and provide financial stability to the dependent family on the unfortunate demise of the policyholder.


    • Provides Basic Life cover at an extremely affordable premium - Rs.1 Crore sum assured is available at Rs.16 per day
    • Flexible coverage options with lump-sum death payout as well as Fixed Income Protection till retirement and Increasing Income Protection to absorb the effect of inflation
    • Longer risk cover, till 75 years of age
    • Higher the sum assured lower the premium
    • Customized insurance plans
    • The preferential premium rate for women 


    • Multiple options like Life Cover, Extra Life Cover, and Life Plus Health Cover
    • Inbuilt Terminal Illness cover 
    • There are four different types of Term Plans with distinctive flavours to choose from
    • Flexibility to choose policy term and premium payment terms to match specific needs

    Term Plan
    Plan name Parameter Option  
        Basic Life Cover Income Protection  
    Flexi Online Term Plan Policy Term Min 10 Years Min 10 Years  
    Max 65 Years Max 65 Years  
    Sum Assured Min Rs.50000 Fixed Increasing
    Max No limit Min Rs.25000
    Max no limit
    Express Term Insurance Plan Policy Term Min 10 Years Min 10 Years  
    Max 65 Years Max 65 Years  
    Sum Assured Min Rs.50000 Fixed Increasing
    Max No limit Min Rs.25000  
    Max no limit
    Care Plus   Classic Premier
    Policy Term 5 to 85 years age 5 to 85 years age  
    Sum Assured Min Rs.1.5 L Min Rs.25 L  
    Max Rs.2499999 Max no limit  
    Jan Suraksha Policy Term 8 years
    Premium Single Pay
  • ULIP Plans

    Life Insurance policy that also means of investment makes ULIP Plans extremely popular for those with risk appetite aiming to see their money grow.


    • Future Generali ULIP Plans allows investment following future goals
    • It offers a unique blend of life insurance along with wealth creation
    • Investments are directed to market-linked instruments, for higher returns to maximize investments
    • Future Generali ULIP Plans provide loyalty additions, further boosting the corpus on maturity


    • There are five plans under the category of ULIP at Future Generali
    • Flexibility to choose policy term, switch funds in consonance with the risk appetite of the policyholder
    • Due to the multiplicity of ULIP Plans on offer, one can choose the plan best suited
    • Operational transparency enables the policyholder to monitor fund movement
    • Wealth creation through compulsory systematic savings
    • Riders are available for additional cover

    Plan name Parameter Option

    Easy Invest Online Plan  

    Policy Term Min 10 Years
    Max 20 Years
    Sum Assured 10 X Annual Premium  
    Big Dreams Plan Policy Term Min 5 Years  
    Max 20 Years  
    Sum Assured Regular Pay 10 X Annual Premium
    Limited Pay 10 X Annual Premium
    Single Pay 1.25 X Annual Premium
    Dhan Vridhi Policy Term 10 years: 5 to 7 PPT
    15 years: 10 to 12 PPT
    20 years: 15 to 17 PPT
    Sum Assured Min for age < 45 10 X Annual Premium
    Min for age >45 7 X Annual Premium

    Wealth Protect Plan 

    Policy Term 15 to 45 years
    Sum Assured Min for age < 45 10 X Annual Premium
    Min for age > 45 7 X Annual Premium
    Bima Advantage Plus Policy Term 10 to 30 years
    Sum Assured Min for age < 45 10 X Annual Premium
      Min for age > 45 7 X Annual Premium
  • Savings Plans

    These are also called Endowment Plans and are among the oldest life insurance product in the market. It helps to grow wealth steadily by way of bonus and profit while enjoying life risk cover during the policy term. There are two classes of savings plan viz. Traditional and Guaranteed.


    • Best suited for individuals who are used to taking the risk
    • While the traditional insurance plans provide risk cover, fixed income, and safety, Guaranteed Plans offer regular income, death, and maturity benefits


    • Savings plans offer two policies under the Traditional and seven under the Guaranteed Categories
    • Riders are available as an add-on
    • There is a plan with Return of Premium facility

    Savings Plans
    Plan name Parameter OptionMaturity Value With Delay of One year
    Triple Anand Advantage Policy Term Min 20 Years
    15 Max 25 Years
    Sum Assured Min Rs. 2 Lakhs
    New Assure Plus Policy Term Min 10 Years
    Min 10 Years
    Sum Assured Min Rs.1 Lakh
    Max no limit
    Assured Wealth Plan Policy Term Min 10 years
    Max 25 years in both Option I and II
    Sum Assured Min Rs.50000
    Max no limit
    Big income Multiplier Policy Term 14 years
    Sum Assured  
    Assured Income Plan Policy Term 11 to 15 years
    Sum Assured For 11 YR Term 17.5-21X Annual Premium
    For 15 YR Term 31-34.5X Annual Premium
    Assured Money Back Plan Policy Term Option A 17 to 22 years
    Option B 10 to 17 years
    Sum Assured Option A Min Rs,58215
    Option B Min Rs.49425
    Assured Education Plan Policy Term 17 Years
    Sum Assured Max Rs.20 Lakhs
    Jan Suraksha Plan Policy Term 8 Years
    Sum Assured  
    Term With ROP Policy Term 10 to 35 years
    Sum Assured Min Rs.2 lakhs
  • Child Plan

    It aims to secure the education of the child covering college and university, on attaining 17 years of age.


    • It helps to save systematically to take care of the child's graduation and post-graduation needs
    • The education plan secures the future of the child, even on the death of the policyholder
    • Guaranteed payouts to match the child’s education milestones
    • The plan can be strengthened with riders


    • It is a Guaranteed Income Plan offering three options for guaranteed payouts
    • Maturity and Death Benefit secures the child’s uninterrupted education needs
    • The target group of parents is in the range of 21 to 60 years


    • Policy Term: 17 years
    • Premium Payable: Minimum Rs 20000 p.a. and monthly Rs. 2000. There is no maximum limit
    • Payout Options: At 17, 18, 19, and 20 years staggered in percentages of Sum Assured
  • Retirement Plans

    This plan is designed for an individual desiring a secure lifestyle after retirement. It continues to pay throughout the life of the policyholder.


    • The single premium amount to be paid is decided by the policyholder
    • There are two annuity options to choose from
    • Flexibility to choose the frequency of payout term


    • The two options available are Life Annuity and Life Annuity with Return of Purchase Price
    • The single premium amount is left to the discretion of the policyholder
    • There is no Surrender or Maturity benefit in this plan


    • Policy Coverage: Lifetime
    • Minimum Purchase Price: Rs 30000
    • Maximum: No limit
    • Annuity Mode: Annual or Monthly

Eligibility criteria to apply for Future Generali India Life Insurance Plans

The multiple life insurance plans at Future Generali Life makes it imperative to first learn about the eligibility criteria defined by them before making an informed choice. It is essential to select the right product in harmony with an individual's need

Term Plans  
Plan name Entry Age (years) Maturity Age (years)
Flexi Online Term Plan

Basic: 18 – 55
Income: 25 – 55

28 – 75
28 – 65

Express Term Insurance Plan 18 – 65 23 – 85
Care Plus 18 – 65 Up to 85
Jan Suraksha 18 – 50  
ULIP Plans  
Easy Invest Online Plan  0 – 60 18 – 70
Big Dreams Plan 1 - 55 18 – 75
Dhan Vridhi 8 – 60 18 – 70
Wealth Protect Plan 7 – 60 22 – 75
Bima Advantage Plus 7 – 65 18 – 75
Savings Plans  
Triple Anand Advantage 7 – 50 27 – 55
New Assure Plus 3 – 55 18 – 70
Assured Wealth Plan

Option I: 0 – 60
Option II: 18 – 55

Option I: 18 – 75 
Option II: 28 – 70

Big income Multiplier

4 – 50

18 – 64

Assured Income Plan

11 Yr PT: 7 – 50 
15 Yr PT: 5 – 50

Assured Money Back Plan

18 – 55

Assured Education Plan

Parent: 21 – 50
Child: 0 – 10

35 – 67
Jan Suraksha Plan

18 – 60

Term With ROP

18 – 55

28 – 75
Child Plan
Assured Education Plan

Parent: 21 – 50 
Child: 0 – 10

35 – 67
Retirement Plan
immediate Annuity Plan 40 – 80 Lifetime

Documents required to apply for Future Generali India Life Insurance Plans:

The variety of plans delivered by Future Generali India Life Insurance determines the documentation part during application. However, certain documents can be generalized across all plans, leaving the insurer to seek further documents for specific plan needs. Accordingly, the indicative list of documents is:

  • Duly completed proposal form
  • Current passport size photographs

  • Identity Proof: It is part of the KYC norms where any of the valid photo identity cards is a must

  • Age Proof: It is to determine for entry age eligibility and fixing of premium, which is age-related

  • Residence Proof: Any valid document stating the correct, current address of the applicant
  • Income Proof: It depends on the profession of the applicant. For the salaried, it is Salary Slips, Form 16, and ITR, which are mandatory. Similar documents can be sought for self-employed individuals, which may include a bank statement

Inclusions and exclusions in Future Generali India Life Insurance Plans

The policyholder must shift through the policy document fine print to ascertain the inclusions and exclusions, to obviate future hassles during claim settlement. Some of the common exclusions applied in Future Generali India Life Insurance Plans are:

  • Suicide

    In the event of the death of the policyholder due to suicide within 12 months of commencement of risk on purchase or revival, the beneficiary will be entitled to 80% of the total of premium paid till the date of death or the surrender value, whichever of the two is higher.

  • Other Exclusions 

    • When the cause of death self-inflicted injury
    • Death occurring due to AIDS / HIV or STD
    • Death caused by pre-existing underlying medical conditions or disease
    • Death due to participation in illegal or criminal activities
    • Death in an accident under the influence of alcohol or other intoxicants
    • Death due to indulgence in extreme sports or hazardous adventure activities like racing, bungee jumping, mountaineering, trekking, etc.
    • Death due to pregnancy or childbirth

Claim Process in Future Generali India Life Insurance Plans

For any life insurance policy, claim settlement is the moment of truth that has to be faced when there is an unfortunate demise of the policyholder. Future Generali India Life Insurance has a simplified claim settlement process in place, designed to make the experience seamless for its claimants. They have a Claim Settlement Ratio of 95.15% as on 31st March 2019. The company has set up a helpdesk for easy reach and filing of claim intimation, which is the first step.

  • At the nearest Future Generali branch office - a state/region wise nodal officer to aid claim settlement.
  • Call the toll free number at 1800 102 2355

  • Email at This email address is being protected from spambots. You need JavaScript enabled to view it. or This email address is being protected from spambots. You need JavaScript enabled to view it.

    The policyholder and the beneficiary need to be aware of the following to ensure that there are no hitches in claim settlement.

  • There should be no default in premium payment

  • The contact address and details are up to date
  • The beneficiary is well informed about the policy document and its contents
  • Nominee details are appropriately filled in the proposal form

The claim process is defined in 3 distinct steps, which the beneficiary needs to factor so that there is no delay in claim settlement.

Claim Intimation:  The primary step is filling the claim form and attaching requisite documents. 

Claim Processing: In the second step, the claim specialist will assess and evaluate the claim. In case of any deficiency, the beneficiary will be contacted for compliance.

Claim Decision: In the final step, if the claim is found in order, it is approved in a maximum 10 days. The final payout is remitted electronically through NEFT.

List of documents required for claim settlement

All the documents must be attested by Gazetted Officer or similar authorities.

  • Normal Death Claim

    • Claim form
    • Death certificate
    • Original Policy Document
    • Medical Certificate for the cause of death
    • KYC Documents of the policyholder as well as the nominee
    • Cancelled cheque or relevant bank details of the nominee
    • Relation proof of the nominee
  • Death in Hospital

    • Hospital case papers
    • Discharge or Death Summary
  • Accidental / Suicide death

    • FIR of Police
    • Post Mortem Report
    • Panchnama
    • Investigation report of Police
    • Driving license

Renewal Process of Future Generali India Life Insurance Plans

There are two methods to renew the life insurance policy. The first is to submit the premium cheque / DD at the brick and mortar office or pay it online at the company portal. It is a simple process in a few steps.

  • Step 1: Click on ‘Pay Premium’
  • Step 2: Input Policy Number and Date of Birth and click on the “Submit” button.

  • Step 3: Pay the premium through the gateway to complete the renewal process. Communication will be sent to the registered Mail ID as acknowledgment.

How to buy Future Generali India Life Insurance Plan?

There are multiple modes to buy a suitable Future Generali India Life Insurance Plan. Call on the nearest branch, agent, or request a call-back. It is also possible to buy it online at the company portal or aggregator. Compare plans before making the final purchase in a few simple steps.

  • Step 1: Choose the sum assured in conformity with the need.
  • Step 2: Choose the period of cover. It is best to start early and choose the long term or that matching different life stages.

  • Step 3: With the assistance of the sales representative, decide on the customization and premium terms. Fill in the proposal form and receive a quote.

  • Step 4: Submit all the requisite documents.
  • Step 5: Pay the premium to complete the purchase.


Written By: Paisawiki - Updated: 12 April 2021