• Future Generali Group Term Life Insurance Plan

     0.0 / 5.0   by 0 users
    Used this product? Write a review >>

    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

     Human beings are social creatures and our survival often depends on how we function in a group. Today, work involves interaction with a number of people, and every individual is unique and important for an organisation. The Group Term Life Insurance Plan from Future Generali is a specialised plan created for groups who wish to stay protected without having to shell out exorbitant amounts. It is ideal for work spaces or organisations who wish to offer life insurance to their invaluable members.

    Eligibility Criteria for Future Generali Group Term Life Insurance Plan

    Groups which intend to utilise the benefits of this Group Term Life Insurance Plan need to keep the following eligibility criteria in mind.

    • Minimum entry age – The minimum entry age for members is 18 years.
    • Maximum entry age – The maximum entry age is 69 years.
    • Policy Term – These policies come with a 1 year term and can be renewed annually.
    • Maximum maturity age – The maximum maturity age for members is 70 years.
    • Minimum premium – The minimum premium is Rs 2,500 per group, per annum.
    • Minimum group size – There should be a minimum of 25 members in the group for it to be eligible for this scheme.

    Features of Future Generali Group Term Life Insurance Plan

    Some of the unique features which set this Group Term Life Insurance Plan apart from others are mentioned below.

    • Umbrella plan – This plan is akin to an umbrella, offering protection to a number of participants through one single scheme.
    • Affordable – The premiums for this plan are affordable, making it light on the pocket and economical for everyone involved.
    • Flexible group size – Organisations have the option to add or remove members from the plan on a monthly basis, ensuring they implement necessary changes without having to worry about impacting the performance of this plan. Also, this helps them save money on premiums by adequately choosing the number of members who are protected.
    • Builds healthy relationships – This plan helps create a healthy work atmosphere, leading to a strengthened bond between the employees and the employer. This helps members focus on their work without having to worry about the future, increasing productivity and creating strong grounds for employee retention.
    • Age flexibility – This group plan allows individuals from the age of 18 years upwards to be included under the protection scheme.
    • Renewable policies – This is an annual policy which can be renewed every year, helping employers make decisions with time.
    • Sum assured – An employer can choose the sum assured they think is suitable for the group, with the minimum being Rs 1,000 per member for groups with over 5,000 members and Rs 5,000 per member for other groups.

    Benefits of Future Generali Group Term Life Insurance Plan

    Some of the major benefits of this Group Term Life Insurance Plan are mentioned below.

    • Death Benefit – In the unfortunate event of demise of any member of the group covered under the plan, a death benefit equivalent to the sum assured will be provided to his/her nominee.
    • Additional benefits – An employer can choose to add additional riders to the basic plan, thereby increasing the overall cover. Riders ranging from accidental death to core critical illness, terminal illness and accidental partial disability are offered by Future Generali, with a total of 9 options available to employers.
    • Tax Benefits – Individuals are entitled to tax benefits under the provisions of the current income tax laws on the premiums paid and any sum received as an outcome of death.

    Example

    Mr. Lal, the owner of a small advertising firm with 50 employees decides to protect their interests by opting for life cover under this plan. He opts for a life cover of Rs 2 lakh per member and pays an annual premium of Rs 4,000 per person. 6 months after taking the policy, one of his employees meets with an accident and unfortunately passes away. In this case the nominee of the employee will receive the death benefit of Rs 2 lakh.

    FAQs

    1. Are there any benefits on maturity?

      No, there are no maturity benefits under this plan.

    2. Will one receive surrender benefits on surrendering this plan?

      No, there is no provision for surrender benefits.

    3. What are the premium paying modes available?

      Premiums can be paid either annually, half-yearly, quarterly or monthly.

    4. Is there a limit on the sum assured one can choose?

      The sum assured depends on the premium amount and it can changed to suit the needs of an organisation.

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

    Future Generali Group Term Life Insurance 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
    Common Loader Icon
    Page 1 of 1
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.