Future Generali is one of the life insurance companies providing insurance products in India. It was established in 2006. Various types of insurance plans are offered by it. We will talk about Future Generali Term Insurance Plan.
Future Generali term insurance plan provides the sum assured in the form of death benefit to the nominee in case of accidental death. If the life assured dies during the policy term then the insurance benefit is provided by the life assured to the nominee.
Through Future Generali Term Insurance Plan, a person can secure the financial future of his family in his absence. Future Generali term insurance plans offer you maximum term coverage at low premiums. Thus taking a future general term insurance plan proves to be very beneficial.
Features Of Future Generali Term Insurance Plan
The features of Future Generali Term Insurance Plan are as follows-
- This term plan offers you maximum term coverage at the lowest premium.
- Through this you can secure the financial future of your family. You also get the option of increasing your term insurance coverage by adding riders.
- You get multiple options for premium payment. You can choose to pay your premium on a monthly or yearly basis.
- In this you are also provided with tax benefit.
Benefits Of Future Generali Term Insurance Plan
The benefits of Future Generali Term Insurance Plan are as follows-
- Death Benefit:
In the future general term insurance plan, in case of death of the life assured during the policy term, a sum of money is provided by the life assured to the nominee in the form of sum assured. Through this amount, the family members of the insured person can meet their financial needs. You can choose the sum assured as per your requirement at the time of taking the policy.
- Riders:
You also get the option to upgrade your coverage by adding riders. You can enhance your term coverage by adding riders like Accidental Death, Terminal Illness and Permanent Disability. For this you have to pay additional premium.
- Tax Benefits:
In this you also get tax benefit. You are eligible for tax benefits under section 80C of the Income Tax Act, 1961 on the premiums paid and under section 10(10D) on the death benefit received.
Future Generali Term Insurance Plan
The following are the term insurance plans offered by Future Generali
- Future Generali Care Plus
- You get this term insurance plan at an affordable premium.
- One can customize this term insurance plan as per his/her requirement.
- In this you get the option to choose the policy term.
- In this, you also get the option to choose the premium payment term. It offers lower premium rates for women.
- Future Generali Express Term Life Plan
- In this you are provided with death benefit in case of death and sum assured in case of terminal illness.
- You get the option of adding health cover to this term insurance plan.
- In this you are also offered tax benefits.
- In this, you get the option to choose the policy term and premium payment term. To buy this plan, the minimum age should be 18 years and the maximum age should be 65 years.
- In this term insurance plan, you get a free-look period of 15 days to 30 days.
- You also get a grace period of 30 days in this plan.
- Future Generali Flexi Online Term Plan
- Death benefit is provided to the nominee in case of death of the life assured.
- In this, you also get the option of income protection.
- To buy this plan, the minimum age should be 18 years and the maximum age should be 65 years.
- You also get the option of adding riders in this term insurance plan. In this, you get the option of adding Accidental Benefit Rider.
- In this termination plan, you get a free-look period of 15 to 30 days.
- Future Generali Jan Suraksha
- The policy term of this term insurance plan is 8 years.
- To buy this plan, the minimum age should be 18 years and the maximum age should be 50 years.
- It offers the option of paying a single premium as the premium payment term. You can also apply for tax benefits in this term plan.
- In this you are not provided any kind of maturity benefit. In this you do not get the option to add any rider.
- In this, you get a free look period of 15 to 30 days.
- Future Generali Saral Jeevan Bima
- This term insurance plan is available for a minimum period of 5 years to a maximum of 40 years.
- In this, you get the option of 5 years, 10 years, regular pay or single pay as premium payment.
- The minimum age to buy this term plan should be 18 years and the maximum age should be 65 years.
- In this, a minimum sum assured of Rs 5 lakh and a maximum of Rs 25 lakh is provided as death benefit.
- You have the option of paying premium annually, half-yearly and monthly in terms of premium payment frequency.
- You are not provided any kind of maturity benefit in this plan.
- In this, you get a free-look period of 15 to 30 days and a grace period of 30 days.
- There are no riders available in this term insurance plan.
Eligibility For Future Generali Term Insurance Plan
The eligibility of Future Generali Term Insurance Plan is as follows-
- Minimum age should be 18 years.
- Maximum age should be 65 years.
- You will also need to undergo a medical examination.
Documents Required For Future Generali Term Insurance Plan
The documents required for Future Generali Term Insurance Plan are as follows-
- Filled Policy Application Form
- passport size photo
- Accommodation quantity
- identity proof
- age proof
- Income ratio
Future Generali Term Insurance Plan Premium
In this, you get many options for premium payment. You can choose to pay your term plan premium payments as Limited Payments, Single Payments or Regular Payments.
You have the option of paying your premium as monthly, half-yearly, annually or as a single pay in terms of premium payment frequency.
How To Buy Future Generali Term Insurance Plan?
You can buy Future Generali term insurance plan sitting at home very easily through online medium. For this you have to visit the official website of Future Generali. There you can buy the term plan of your choice by going to the term insurance plan section.