Future Generali Life Insurance

Future Generali Life Insurance Plan Details

Future Generali Term Plans:

• Future Generali Care Plus Plan: This is a pure term plan that offers a high life cover at low premium and provides coverage against life’s uncertainties.
• Future Generali Flexi Online Term Plan- this is an online term plan that offers life cover as well as a monthly income and the choice to mould the plan based on the policyholder’s requirements.
• Future Generali Term with Return of Premium: This plan is a non-participating, non-linked policy that ensures return of the premium paid if the policyholder survives past the maturity of the plan.
• Future Generali POS Term with Return of Premium: This is a non-participating point of sale, non-linked plan that assures return of the premium paid on maturity of the policy.

Future Generali Guaranteed Plans:

• Future Generali Pearls Guarantee Plan: This plan offers policyholders guaranteed cashback on maturity if the premium payments are up to date. In case of the policyholder’s death, the dependents receive 120% of the sum assured or 105% of the premium paid up to the time of the policy holder’s death.
• Future Generali Saral Bima: This policy is suitable to meet the medium to long-term financial requirements of the policyholder. The plan permits the policyholder to choose the amount of the premium to be paid. Policyholders receive a guaranteed return on maturity and surrender of the policy.
• Future Generali Assured Income Plan: This is a limited premium insurance plan where you pay premiums only for 11/15 years and get guaranteed payout for an equivalent number of years. Additional Benefits may include up to 4.5 times your annualized premium along with the last payout along with death benefits to the nominee of the insured.
• Future Generali Assured Money Back Plan- this is a non-linked, non-participating money back plan that offers a choice of 4 policy terms and a guaranteed 10% of the Sum Assured as cash back annually (for 9 years) as well as 110% of the Sum Assured at maturity for option A. Policyholders are guaranteed 10% of the sum assured as cash back for every 4 years and 160% of the sum assured on maturity for Option B. .
• Future Generali Assured Education Plan- this is a non-linked, non-participating plan that provides for a child’s education needs through a saving mechanism until the child reaches 17 years of age along with guaranteed pay-outs and optional riders.
• Future Generali Big Income Multiplier Plan: This plan provides the policyholder with a maturity payout over a period of 12 years. The premium is paid for a period of 12 years and provides the insured with protection for 14 years. Additionally, policyholders can choose between a monthly income and annual income option.

Future Generali ULIP Plans:

• Future Generali Bima Gain: This plan provides the insured with the opportunity to create wealth and insure their life. It is available in 6 fund options and the policyholder can choose from equity, debt, and balanced assets as per their suitability.
• Future Generali Pramukh Nivesh: This plan provides policyholders with the opportunity to maximise their investment in the premiums paid. The entire sum of the premium paid is invested in funds of the policyholder’s choice without having to incur any charges for allocation of funds.
• Future Generali Wealth Protect Plan: This plan provides the insured with a cover up to 30 times the annual premium paid. The investments made in various debt, equity and balanced asset funds can be switched as per the insured’s preference. Additionally, the policyholder can make partial withdrawals after 5 years of premium payments.
• Future Generali Bima Advantage Plus Plan: This plan provides the insured with both life insurance and investment opportunities in 6 different fund options. The policyholder can shift between the types of funds offered during the tenure of the policy. The plan also permits the insured to make partial withdrawals following completion of 5 years of the plan’s tenure.
• Future General Dhan Vriddhi: Policyholders have the flexibility of making limited premium payments and continuing investments much after the policy matures. The plan allows policyholders to earn high returns to meet medium-term and long-term financial goals.

• Future Generali Easy Invest Online Plan- This plan provides policyholders to make systematic investments through monthly or annual premium payments in addition to providing a life cover. Additionally, policyholders can make partial withdrawals after 5 years from the date of purchase of the plan.

Future Generali Traditional Plans:

• Future Generali Assure Plus: This policy provides the insured with a number of term options. There is flexibility in paying premiums for a limited period and policyholders can continue their investment to gain higher returns.
• Future Generali New Saral Anand- This plan provides the insured with a lump sum amount on maturity. This insurance plan provides the insured with a life cover upto the age of 100. After attaining the age of 100, the insured receives another lump sum amount that is equal to the sum assured.
• Future Generali Triple Anand Advantage- This plan provides policyholders with a stipulated amount for 5 consecutive years after the premium payments have been made. The plan also provides the policyholder with a life cover until the age of 80. On maturity, the insured receives a lump sum payout.
• Future Generali New Assure Plus- This plan provides the policyholder with the flexibility of choosing their premium payment term and their policy term. Additionally, the maturity benefit can be enhanced through bonuses. The insured can also choose between 2 payout options for the death benefit.

Future Generali Rural Plans:

• Future Generali Jan Suraksha Plus: This plan provides the insured the benefit of making a one time premium payment of a nominal amount. The maturity amount paid is generally higher than the amount paid as the premium.
• Future Generali Jan Suraksha: This plan provides security to the dependents of the insured against any loans and liabilities. The policyholder has to make a single premium payment of a considerably small amount to avail the policy.

Future Generali Retirement Plans:

• Future Generali Pension Guarantee Plan: This plan helps the insured create a savings corpus for their retirement. The insured will receive a minimum 101% return on maturity of all the premium payments. Any bonuses that are declared are added during the course of the policy’s tenure.
• Future Generali Immediate Annuity Plan: This policy provides the insured with a fixed income for their entire life. The policyholder can choose between a monthly or yearly payout.

Future Generali Group Plans:

• Future Generali Sampoorn Loan Suraksha: This plan is specifically designed for organisations that provide their employees loan facilities. The plan provides the insured with protection for instances of death, critical illness, and accidental disability.
• Future Generali Group Superannuation Plan: This policy is best suited for organisations that offer their employees superannuation benefits. The insured get guaranteed return with a 1% minimum floor rate p.a. on the amount contributed.
• Future Generali Group Leave Encashment Plan: This plan is recommended for organisations that offer their employees the leave encashment benefit. It provides companies the flexibility to manage leave encashment liabilities and provides guaranteed returns with a 1% minimum floor rate p.a. that is credited in advance every quarter.
• Future Generali Group Gratuity Plan: This policy has been developed keeping in mind the requirements of companies that offer their employees the gratuity benefit.
• Future Generali Group Term Life Insurance Plan: This plan has been devised for organisations that want to provide their employees with an affordable life insurance cover. It gives organisations the convenience of providing a life cover to its employees under a single plan.
• Future Generali Loan Suraksha: This plan provides the insured with a life cover that secures any debt. Coverage can be availed on a number of loans. The plan can be taken as an individual life cover or as a joint-life cover.

Future Generali Life Insurance Claims Process:

Policyholders who wish to file a claim can do so in a few quick and easy steps through a number of avenues. Policyholders can file a claim either online or offline, depending on their convenience.

The claims process is also transparent and quick, ensuring the claim is resolved in the quickest possible time and with minimum inconvenience to the claimant.

The claims process is outlined below:

• Claimants wishing to file a claim are required to notify the company at the outset. Claimants can register a claim online, or they can send an email to the customer care. Claimants can also submit a written intimation at any branch office.
• The claim is to be filed with a Claim Form (available online or at any branch) as well as the documents (depending on the type of claim being filed).
• Once the documents and claim form reach the office, the claims assessors will verify the documents. Any additional documents, if required, will be requested at this stage.
• On completion of the verification, a decision on the claim status will be taken and the claimant will be notified of the same.
• In case of successful claims, the settlement amount will be calculated after computing any additions, deductions etc.
• The settlement amount will be transferred to the claimant through NEFT only.

Future Generali Claim Settlement Ratio:

A claim settlement ratio is the percentage of claims that the company has paid out in a given financial year. The claim settlement ratio for Future Generali is given below:

Documents Required for Future Generali Life Insurance:

When applying for a life insurance policy, there are a list of documents that have to be provided for identification purposes along with the application form. The documents to be submitted when applying for a Future Generali Life Insurance policy are given below:

• Recent passport-sized photograph.
• Proof of identity: Any one of the below mentioned documents are to be submitted towards proof of identity.
  • Voter’s identity card.
  • Driving licence.
  • Passport.
  • PAN card.
  • Job card issued by NREGA, signed by a State Government officer.
  • Aadhaar card.
• Proof of residence: Any one of the below mentioned documents are to be submitted towards proof of residence.

• Bank account or post office account statement.
• Property tax or municipal tax receipt.
• Utility bills (electricity, gas, telephone) not more than 2 months old.
• Letter of allotment or accommodation from State or Central government, financial institutions or listed companies.
• Rent agreement.

Checking Future Generali Policy Status:

Policyholders can check the status of their life insurance policies without needing to visit a branch office thanks to the online policy status check facility.

Policyholders can also check the status of their policies offline through a variety of ways if they desire.

Checking Future Generali Policy Status Online:

Policyholders who wish to check their policy status online can do so wherever they are, whenever they wish to by visiting the Future Generali Life Insurance website. The detailed procedure is given below:

• Go to the website and log in or follow the steps on screen to set up an account.
• Once signed in, view the status of existing policies by selecting the relevant option from the drop down menus.

Checking Future Generali Policy Status Offline:

Policyholders who wish to check their policy status offline can do so through a variety of ways, such as by calling the customer care helpline. Policyholders will have to provide certain details for identification purposes like their date of birth and policy number.

Policyholders can also visit a Future Generali Life Insurance branch to get details regarding the status of their life insurance policy.

Future Generali Life Insurance Online Payment:

Policyholders need not worry about missing a premium payment or having to go through the hassle of depositing a cheque to pay their premiums anymore, as they can make premium payments online.

Policyholders can simply log in to their account and make their premium payments any time before the due date from wherever they are. With the payments being online, the payment is instant, which would reduce the processing time in case of last-minute payments.

The process to pay premiums online is given below:

• Go to the Future Generali Life Insurance website and click on the ‘Pay Your Premium’ tab towards the right of the screen.
• Choose from the options provided by clicking on the ‘Quick Pay’ option.
• Enter the policy number whereupon the premium amount due will be displayed onscreen.
• After verifying the amount, choose a payment method from the ones listed- net banking, credit card or debit card.
• Authorise the payment and save a copy of the acknowledgement for future reference.

Future Generali Life Insurance Premium Calculator:

Individuals who are looking at buying a Future Generali Life Insurance can check the amount they would have to pay towards premium payments for a particular policy through the online premium calculator. The premium calculator, available on the company’s website, will compute the premium amount for any of the company’s existing plans based on certain information the individual provides such as age, gender, policy tenure, occupation, cover type etc.

This makes choosing a policy easier as individuals need not visit a branch and speak to an agent to ascertain the total premium amount they would have to pay over the policy term. Since life insurance policies are generally high premium ones, the amount would be a significant sum, and individuals will be able to budget and choose the policy accordingly.

The premium calculator can be found in the ‘Calculators’ tab on the Future Generali home page. Individuals can choose to compute either the ‘Human Life Value’ or the ‘Premium’ calculator.

They will have to choose a policy from the drop down menu and input details like their age, gender, occupation, marital status, policy tenure etc. after which the premium amount will be displayed onscreen.

Future Generali Life Insurance Customer Care:

Besides offering some of the best life insurance plans, Future Generali is also known for offering its customers with an excellent post-sale experience. Paying close attention to details, Future Generali has set up multiple channels via which it offers efficient and timely customer support to its policyholders. To get in touch with the customer support team, policyholders can dial on the helpline number, drop an email, or even talk to a customer care personnel via online chat that is available on the insurer’s website. In addition to this, the Future Generali website also includes a special Customer Service section, which enables customers to carry out several policy-related requests n their own. These include making premium payment, carrying out self-service transactions, finding out about SMS services, escalation procedures, make use of service tools, and much more.

Future Generali Life Insurance FAQ’s:

1. What are the modes of premium payment available with Future Generali Life Insurance?

   A. Premiums for your life insurance policy with this company can be paid using auto debit facilities, cash payments, cheques, net banking and payments via phone.

2. What are the documents required to register a death claim?

   A. If a death claim has to be registered, you will require the following documents:

   Claim Forms:

   Part 1: Application form for death claim.

   Part 2: Physician’s statement.

   Death certificate issued by a competent authority.

   Cause of death certificate issued by the attending physician.

   Attested copy of indoor case papers of the hospital.

   If necessary, a post mortem (autopsy report) and chemical viscera report.

   KYC documents of the claimant.

   A cancelled cheque with the claimant’s name, or the claimant’s passbook.

   Declaration from master policyholder on the letterhead of the master policyholder.

3. What are the documents required to register a claim for death due to accident?

   A. In case of the death being the result of an accident, you will have to file an FIR and final investigation report from the police station and a proof of the accident, newspaper cutting, etc., if available. These documents will be submitted in addition to all other documents mentioned above.

4. When does a Future Generali Life Insurance policy lapse?

   A. If premiums are not paid on time, the policy can lapse. The premiums under quarterly, half-yearly, and yearly payment modes must be paid within the extra 30-days grace period that’s given from the date the premiums are due. In the case of monthly premium paying modes, the grace period is 15 days, and the payment of outstanding premiums must be made within this time.

5. What is the process to set up the ECS facility?

   A. In order to activate this facility, an ECS Mandate form must be duly filled up, signed, and submitted to Future Generali Life Insurance Co. along with a cancelled cheque.

6. What is the process of availing a loan against the policy?

   A. Once your policy acquires surrender value, a loan can be taken against it. Different policies have different loan clauses, so it’s advisable to thoroughly go through your policy document and check what the case is for your individual policy.

7. Can the premium paying frequency be changed?

   A. The premium paying frequency can be changed at any time by downloading, filling out, and submitting a Payment Frequency Change Form at the nearest branch office.

8. What is the claim settlement process?

   A. To apply for a claim, the first step is to inform the company at 1800-102-235Once you submit the necessary documents, the company will settle the claim within 7 working days.

9. What is the process to renew a policy?

   A. The policy can be renewed by making the payment of the premium via a cheque or online through the company’s website.

10. What are the documents required when filing a critical illness claim?

    A. The following documents are to be submitted when filing a critical illness claim:

• Claim form.
• Original policy document.
• KYC details of the claimant (proof of address and identity).
• Hospital discharge certificate.
• Physician’s statement.
• Medical reports and documents confirming the infirmity/illness.
11. What is the free-look period for a Future Generali Life Insurance policy?

    A. The free-look period for a Future Generali policy is an average of 15 days from the commencement of the policy.