Future Generali Life Term Insurance Plans

Term Insurance plans are gradually becoming popular in India because of the changing lifestyles and mindsets of the younger generation. The Future Generali India Life Insurance term insurance options seem to be the best bet. In the financial year 2019-20, Future Generali India Life Insurance Company had a claim settlement ratio of 95.28%. The company has a Guinness record of longest balloon chain during the insurance week. They have won the ET Now Sales Champion Award for 2018.

Future Generali India Life Insurance Term Insurance Plans

Future Generali India Life Insurance offers five excellent term insurance plans to cater to a wide section of society. They are:

1. Future Generali Flexi Online Term Plan: The characteristics of this online term insurance plan are that it offers pure risk coverage. The insured person can choose from different payout options where the family receives a lump sum amount on his/her death or settles for a monthly payout. Life coverage is available up to a maximum of 28 years for the basic coverage plan and 45 years for the income protection plans. The insurer can extend the coverage until he/she reaches the age of 75 years. This plan comes with riders like accidental death, critical illness, or permanent disability.

2. Future Generali Express Term Life Plan: This plan is similar to the general term insurance product but with a slight difference. The death benefit is in the form of a lump sum either on the death of the insured or on the diagnosis of a terminal illness. The insured has the advantage of choosing the premium payment frequency and the coverage term. The maximum coverage term is 28 years for the Basic Cover and 45 years for the income protection plan.

3. Future Generali Jan Suraksha Plan: This plan helps one safeguard their family against loan and liabilities. Jan Suraksha Plan requires payment of a one-time premium. The benefits covered include death benefit, surrender benefit, tax benefits and more.

4. Future Generali Care Plus Plan: This term plan provides comprehensive protection at nominal premium rates. Policyholders can customise their plan and even choose the policy term and premium payment term as per their requirements. The plan comes at lower premium rates for women.

5. Future Generali Saral Jeevan Bima Plan: This simple plan lets you protect your family financially. You can easily select your own policy term and premium payment term as well as receive benefits as a lump sum. The policy offers tax benefits and comes at low premium rates for women.