• Future Generali Assured Income Plan

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

    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Financial security is a key factor shaping our lives, with each of us striving to ensure that we are financially stable. Future Generali Assured Income Plan is a non-linked, non-participating endowment scheme which offers guaranteed income to members, ensuring that they stay protected at all times. Apart from assured income, this Future Generali Life plan also provides life cover, helping you live to the fullest, without worrying about what the future holds.


    Eligibility Criteria for Future Generali Assured Income Plan

    Minimum entry age
    • 7 years for 11 year policy
    • 5 years for 15 year policy
    Maximum entry age 50 years
    Minimum age at maturity 18 years
    Maximum age at maturity 65 years
    Minimum premium Rs 35,000 per year

    Key Features of Future Generali Assured Income Plan

    Plan type Non-linked, Non-participating Endowment Scheme
    Plan basis Single/Individual
    Policy term
    • 11 years
    • 15 years
    Premium payment term Equal to policy term
    Maturity benefit Ranges between 17.5 to 34.5 times the annualised premium
    Premium payment frequency Annual payment
    Loan Loans can be availed once the policy acquires surrender value
    Surrender value Policies which have been in force for a minimum of 3 years are eligible for a surrender value
    Free look period
    • Policies purchased through distance marketing can be returned within 30 days of purchase
    • All other policies have a free look period of 15 days
    Grace period
    • 30 days
    Revival/Renewal Revival is possible within two years of first unpaid due
    Sum assured Depends on entry age and premium cost
    Policy coverage Death Benefit, Maturity Benefit

    Benefits/Advantages of Future Generali Assured Income Plan

    Future Generali Assured Income Plan comes with a number of benefits, a few of which are mentioned below.

    • Tax gains – Policyholders are eligible for tax exemptions under Section 80C of the Income Tax Act.
    • Assured income – Policyholders are entitled to an assured payout after premiums have been paid.
    • Maturity benefit – A maturity benefit will be paid after the policy matures. This benefit will be paid in annual instalments, for a period equivalent to the policy term.
    • Death benefit – The nominee will receive a death benefit in the event of demise of policyholder. This benefit will consist of annual payouts for a period equivalent to the policy term.
    • Auto cover – Post the payment of 3 premiums, policyholders will be eligible for auto cover, wherein they get an automatic cover of 1 year if they are unable to pay the premium within the grace period.
    • Loan – Policyholders can avail a loan against their policy, ensuring they have a contingency plan to meet emergencies.

    Working of Future Generali Assured Income Plan

    Eligible individuals need to follow a few simple steps to activate this plan, which is explained through the example of Mr. Jacob, an animation artist. Jacob decides to buy this policy for himself on his 40th birthday. He chooses a policy term of 15 years, paying an annual premium during this period. The sum assured opted by him is Rs 10 lakhs.

    Let us consider the following scenarios to understand how this Future Generali Guaranteed plan works.

    Scenario 1: Jacob pays the premium regularly, with the policy maturing after 15 years. In this case, he will receive 15 annual instalments equivalent to two times the annualised premium paid by him. These instalments will be paid from the 16th year onwards. In addition to this, he will also receive an additional benefit after these instalments have been paid.

    Scenario 2: Jacob passes away 5 years after purchasing the plan. In this case, his nominee will receive an immediate death benefit equivalent to two times the annual premium paid. In addition to this, the nominee will also receive annual payments for 14 years after his death.

    Premium Payment

    Policy term Premium payment term Premium payment frequency
    11 years 11 years Annual
    15 years 15 years Annual

    Riders

    This plan doesn’t come with any riders.

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

    Future Generali Assured Income 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.