• Future Generali Flexi Online Term Plan

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     Our lifestyle is a reflection of ourselves and we strive to ensure we maintain it at all times. Given the unpredictability of life, this accustomed lifestyle can become hard to maintain, which is where Future Generali’s Flexi Online Term Plan comes into play. This plan offers adequate support to the family of an insured individual, helping them continue with their life even in the absence of a policyholder.

    Eligibility Criteria for Future Generali Flexi Online Term Plan

    Individuals who wish to secure the lifestyle of their loved ones through Future Generali Term Plan need to satisfy the following basic criteria.

    • Minimum entry age – The minimum entry age for the basic life cover is 18 years while it is 25 years for the income protection option.
    • Minimum maturity age – The minimum maturity age for the basic life cover and income protection plan is 28 years and 45 years respectively.
    • Maximum maturity age – The maximum maturity age depends on the lifestyle of an applicant, with it being 65 years for smokers and 75 years for non-smokers for the basic life cover and 65 years for the income protection scheme.
    • Minimum policy term – The minimum policy term is 10 years.
    • Minimum monthly premium – The minimum monthly premium depends on the age of a policyholder, with it starting at Rs 25,000.

    Features of Future Generali Flexi Online Term Plan

    • Simple – This plan is simple to understand and purchase, with an online purchase option making it quick and convenient.
    • Affordable premiums – Individuals can get high cover at affordable premium amounts.
    • Multiple payment options – Policyholders can choose from three pay-out plans, with an option for either lump sum, monthly or a combination of lump sum and monthly payment.
    • Customisation – A policyholder has the freedom to customise his/her plan, choosing a payment option which best suits the need of his/her family. One can choose between the basic life cover and income protection plan.
    • Special premium rates – Women and non-smokers are eligible for lower premium rates, with an additional incentive for a healthy lifestyle.
    • Discounts – Individuals who opt for a high sum assured are offered discounts on their premiums.
    • Free look period – A 30 day free look period is provided within which an individual can choose to return the policy.
    • Grace period – A 30 day grace period is provided in order to complete any premium payments.
    • Extended protectionThis plan offers protection upto the age of 75 years.

    Benefits of Future Generali Flexi Online Term Plan

    • Death benefit – A death benefit will be paid to the nominee of a policyholder in the event of his/her unfortunate demise. This death benefit will be the higher of either 105% of total premiums paid, 10 times the annualised premium or the sum assured. A policyholder can choose how his/her nominee receives this benefit.
    • Tax benefits – The premiums paid and the amount received are eligible for tax benefits under suitable sections of the Income Tax Act of the country.

    Example Scenario

    Miss Priya, aged 40 years decides to purchase a basic life cover plan with a cover of Rs 1 crore and a 30 year term. She pays around Rs 10,000 per year as the premium towards this scheme. After 15 years, she is diagnosed with cancer and passes away within the next few months. In this case, her nominee, her son who is currently 25 years old will receive a lump sum payment of Rs 1 crore and the policy will cease to exist.

    FAQs

    1. Is there a maturity benefit under this plan?

      There is no provision for a maturity benefit under this scheme.

    2. What is the premium payment frequency under this plan?

      An annual premium payment frequency is provided under this plan.

    3. Are there any exclusions mentioned under this plan?

      Yes, there is a suicide exclusion clause which states that if a policyholder commits suicide while the policy is in force, the death benefit will be only 80% of the premiums paid and the policy will cease to exist.

    4. Will one get a surrender value on surrendering the policy?

      No surrender value will be paid.  

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    Future Generali Flexi Online Term Plan Reviews

  • Page 1 of 1
    • Future Generali Life Life Insurance
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I've bought two policies from Future Generali. I pay a premium of 12000 year. This was also suggested by one of my colleague. I never had any issues with their services. Overall it has been a good experience.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 07, 2018
    • Future Generali Life Life Insurance
      "The Service needs Improvements"
      0.5 4.0/5 "Great!"
      I've a life insurance policy from the Future Genrali Insurance compay. Their Customer support needs to be improved. The way they respond to the quries of the customers should also be improved. They need to provide their customers with quality customer support.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 05, 2018
    • Future Generali Life Life Insurance
      "Average Policy"
      0.5 3.0/5 "Satisfactory"
      I have a life insurance with Future Generali from last 1 year and it is a long term policy. I am happy with the coverage and returns of this insurance policy. I pay my premium once in a year through net banking. The tenure of this insurance policy is 12 years.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Apr 24, 2018
    • Future Generali Life Life Insurance
      "Good policy to hold"
      0.5 4.0/5 "Great!"
      I took accidental cover from Future Generali, they are providing all the benefits and the product is good. For normal accident also I can claim from them. Yearly I make the premium around Rs. 2900 for the tenure of one year. Total sum assured value of Rs. 15 lakhs. For disability they provides good coverage.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 21, 2018
    • Future Generali Life Life Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      For more than 6years I got the Life insurance policy with future general life insurance company.This policy has the tenure of 10years. I pay the premium of Rs,24000 every year. The plan benefits and the coverage is good with this policy and I am satisfied with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 30, 2017
    • Future Generali Life Life Insurance
      "Good insurance company"
      0.5 3.5/5 "Pretty good"
      I do have life insurance policy with the Future generali life insurance company. Coverage value is good one like its around 50 lakh Rupees and the premium is not at all the comparable one. Claim ratio is the way to choose the policy rather than he premium like Future generali do have a good claims ratio.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 22, 2017
    • Future Generali Life Life Insurance
      "Flexi Online Term Plan - most competitive term plan"
      0.5 5.0/5 "Blown Away!"
      It's just the perfect solution for my need &&the flexibility of tailor making the solution/ payout options at the most competitive pricing. The entire application process didn't take more than 5 minutes and my policy got issued within 5 days
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 28, 2016
    • Future Generali Life Life Insurance
      "Cheapest term insurance with fantastic income option"
      0.5 5.0/5 "Blown Away!"
      I think the monthly income protection option is very good. It works just like salary protection, if something were to happen to me , my family would get a income till my retirement age or 10 years whichever is higher. Ensuring that my family is always protected.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 27, 2016
    • Future Generali Life Life Insurance
      "Best one"
      0.5 4.5/5 "Excellent!"
      "Future Generali life insurance is good this would best suitable for monthly income. anyone who is looking out for a cheaper plan can go ahead with this. Its less than rs15 per day . Actually I was looking out for a term plan I was looking out for a 50laksh I found this policy very attractive. They took medical test and they took my id proof and others to process my request. "
      Was this review helpful? 2
      , dehradun
      Reviewed on Apr 15, 2016
    • Future Generali Life Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      My life insurance is taken from future generali for the tenure of 15 year. The only for 10 years. After completing the maturity period will get the amount. Policy coverage offered is four lakhs . Accidental and natural death coverage is for five lakhs. Payment is done through online.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 15, 2016
    • Future Generali Life Life Insurance
      "Very good "
      0.5 4.0/5 "Great!"
      They are collecting the annual premium for the Insurance.They have explained the plan benefits as well.I have taken a 15years plan with future generali.Its basically a life coverage plan and the options given for the payment is good with Future generali.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 13, 2016
    • Future Generali Life Life Insurance
      "Beware of fradulants "
      0.5 1.0/5 "Really Bad"
      The service provided was not good with future generali related to the life Insurance.They have sell the product to the customer with the false commitment in the Insurance provided by them.It will be good if they stop providing false commitments
      Was this review helpful? 1
      , new delhi
      Reviewed on Apr 02, 2016
    • Future Generali Life Life Insurance
      "No reply for emails "
      0.5 0.5/5 "Unacceptable"
      I requested to convert my existing policy to Paid up policy as i would not be able to pay the premium due to money issue. I have paid the premium till 5 years and do not want this money to be lapsed ,hence requested to convert it to permanent paid up . As advised by your customer care executive sunny sharma i have send email as i cannot visit the branch manually . i have send many email but even after 6 days there was no response i have escalated to gro also still there was no response . Policy number :-00791301 'FutGen=475-486' .
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 21, 2016
    • Future Generali Life Life Insurance
      "Good Services"
      0.5 5.0/5 "Blown Away!"
      Future Generali is good in their services. I get email alerts for the payments. I have taken a cash back policy from them. The premium is of 10K. I can make my payments online or through cash. They have good benefits and a policy coverage. Overall I have not faced any hassles till date.
      Was this review helpful? 1
      , faridabad
      Reviewed on Mar 19, 2016
    • Future Generali Life Life Insurance
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken my life insurance with Future Generali. The services are good from them. They send me updates. The plan benefits are good. The policy coverage is good too. The tenure is for 30 years. It is a term policy. The premium is of 50K.
      Was this review helpful? 1
      , faridabad
      Reviewed on Mar 19, 2016
    • Future Generali Life Life Insurance
      "Not good.."
      0.5 2.0/5 "Expected more"
      No good experience as I registered for mobile and address change but nothing happened til now from the Future Generali life insurance company. No online options as for each and everything we have to go to the branch. They don't have good customer support as all the times they make customer to wait.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Mar 12, 2016
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