Future Generali Life Retirement Plans

Procuring an insurance cover is one of the best financial decisions anyone can make. This is because financial security is of paramount importance in everyone’s life. Without financial security, life is all that much harder. will ensure that the customer’s financial interests are protected for the future. There are a number of companies offering life insurance policies for different groups with varied incomes. Some companies also offer insurance plans with other specific benefits such as those that are education related. Availing a life insurance cover must be given prime importance.

Why should Future Generali be chosen?

While availing an insurance cover, customers should note that the company they procure it from must also be reputed. The investment team in Future Generali is certified by ISO and the company has insured over 11 lakh people across the country. They are present in more than 80 centers across the country and have covered more than 400 reputed corporate clients. Additionally, their solvency margin is twice that of what is required as per regulation. When customers invest in Future Generali life , they know that they have placed their savings in good hands.

Retirement Plans

Retirement is known to be one of the best phases of anyone’s life. No worries, no need to work, individuals can do whatever they wished to do before but couldn’t due to lack of time. However, this will not be possible unless they are financially well settled. Therefore procuring insurance covers is necessary. Future Generali offers insurance covers so that individuals can .

  1. Future Generali Immediate Annuity Plan

    Through this policy, customers can enjoy a fixed income throughout their life. Other benefits include-

    Benefits

    1. Policyholders can either choose a payout mode that is yearly or monthly.
    2. Annuity card is provided as part of the insurance policy through which the annuity amount can be procured easily.
    3. Life Annuity with return of purchase price or life annuity can be chosen.
    4. The option to receive a fixed amount for the rest of their life expires on the demise of the insured.
    5. Customers can procure a tax benefit on this policy.
    6. There are no maturity or surrender benefits available in this plan.
  2. Future Generali Pension Guarantee

    This plan ensures the creation of corpus savings for the individual’s retirement. There are other benefits to this policy as well.

    Benefits

    1. A minimum of 101 percent of all paid premiums will be paid during maturity.
    2. In cases bonuses are declared, they are added during the duration of the policy tenure.
    3. The received vesting amount is used to purchase an annuity plan.
    4. In case policyholder expires during the term then the nominee of the insured will receive a sum of all the paid premiums without the service tax and other extra amount of premiums, if there are any along with accrued bonuses.

Example

Isabel procured the Immediate Annuity plan when she was 60 as she wanted to enjoy retirement without worrying about finances. She opted for a premium of Rs. 60,000 with a monthly annuity mode and chose the life annuity. She would have to pay Rs. 4,652 per month and as she had chosen a higher purchase price, she received an additional annuity amount of 1.6.

Tips

Procuring an insurance cover is not an easy task. This is because there are a number of options available and it is very likely that the customer might get confused. Therefore the best option that the individual has is to research and review the numerous options available. Important points to be kept in mind before acquiring a policy is the reputation of the company, the claim settlement ratio, financial stability of the customer and the requirements.

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

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Plan Benefits

Payment Options

Policy Coverage

Customer Service

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Future Generali Life Retirement Plans Reviews

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  • Future Generali Life
    "Average Policy"
    0.5 3.0/5 "Satisfactory"
    My endowment plan was taken from Future Generali. I have chosen this company because someone has recommended me. I have been paying the premium amount of Rs. 11000 every year. The coverage value is Rs. 2.5 lakhs. Total term period of the policy is 20 years. This is tax benefitable policy.
    Was this review helpful? 0
    , visakhapatnam
    Reviewed on Jun 22, 2019
  • Future Generali Life
    Future Generali Life
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    My life insurance policy was purchased from Future Generali. As per my father's decision, i took this. I have selected the tenure period for 15 years but its a tax benefitable policy. I pay the premium through online for every year once.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 04, 2019
  • Future Generali Life
    "Good features"
    0.5 5.0/5 "Blown Away!"
    I also have a Term insurance with Future Generali. The tenure is till the age of 80 years. The benefits are for my family. The policy coverage is for one crore. It is for a tax benefit and the policy can be purchased online. The best about this insurer is they are excellent in the customer services. The premiums are economical.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 19, 2019
  • Future Generali Life
    "Excellent coverage and benefits"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance with Future Generali. It is a money back policy. The tenure is for 15 years. I would get the money back bonus after the tenth year and 11th, 12th and 13th. The premium is paid online and it is paid on a annual basis. It is economical too.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 19, 2019
  • Future Generali Life
    "Good investment plan"
    0.5 4.0/5 "Great!"
    Recently i have got a call from Future Generali and they were not given proper services to the customer but i have not contacted their call centre people. The benefits given to customer has taken by the agents. I have purchased the policy 3 years before and i pay the premium for a three years. I can do the payment through online. I took some investment plan and they have promised the sum assured amount of Rs. 15 lakhs.
    Was this review helpful? 0
    , mumbai
    Reviewed on Dec 24, 2018
  • Future Generali Life
    "Good"
    0.5 4.0/5 "Great!"
    I have a life insurance with Future Generali. It was taken by my Father and not sure about the policy benefits. It is a long term policy. I am paying between 12K to 13K yearly. I pay the premium by cheque. It was taken in 2016. I do get sms and emails for due date.
    Was this review helpful? 1
    , mumbai
    Reviewed on Nov 16, 2018
  • Future Generali Life
    "Average Service"
    0.5 3.0/5 "Satisfactory"
    I've a life insurance policy with the Future Genrali. I am paying a premium of 12000 per year. Their hasn't been any issues with the policy. The policy is a normal life insurance with out any commendable benefits. They need to improve their customer support services.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Sep 15, 2018
  • Future Generali Life
    "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
    "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
    "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
    "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
    "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
    "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
    "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
    "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
    "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
    "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
    "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
    "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
    "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
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