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Future Generali Traditional Plans

Established as a joint-venture between Future Group, Generali Group and Industrial Investment Trust Limited, Future Generali is one of the leading insurers in India. In FY 2017-18, the insurer had a claim settlement ratio of 93.11%. With over 104 branches across India, the insurer has successfully served over 12.9 lakh policies.

Types of Traditional offered by Future Generali

Future Generali offers a wide range of savings as well as investment and protection plans. A traditional plan is a savings plan which provide a guaranteed sum assured upon survival, death and maturity. Read more to find out more about Future Generali Investment Plans.

Note: All information related to Product Benefits and Eligibility Details has been sourced from the official website of Future Generali India Life Insurance Company Limited.

Future Generali Assure Plus

This is a traditional savings plan which provides multiple term options to suit your financial goals in order to help you generate higher returns.

Product Benefits

  • Flexibility to choose the policy term and premium payment term.
  • Death benefit payable will be a higher of Death Sum Assured plus vested bonus plus Terminal Bonus, if any OR 105% of total premiums paid (excluding Goods & Services Tax, extra premiums, if any).
  • Death Sum Assured is higher of Sum Assured OR 10X the annualized premium if age of the Life Assured is less than 45 years or 7X the annualized premium if age of the Life Assured is greater than or equal to 45 years.
  • Maturity benefit will be Sum Assured plus accrued bonus and Terminal Bonus, if any.

Eligibility Details

Age at Entry3 to 55 years
Age at Maturity18 to 70 years
Policy Term15/20/25 years
Minimum Premium₹12,000/- per annum
Minimum Sum Assured₹1 Lakh
Maximum Sum Assured₹5 Crore
Premium Payment Term(PPT)PPT: 7/ 10/ 12 for 15 years Policy Term PPT: 10/ 12/ 15/ 17 for a 20 year Policy Term PPT: 12/ 15/ 17/ 20 for a 25 year Policy Term

Future Generali Triple Anand Advantage

This is an investment plan which comes with three unique benefits.

  1. Money Back - Once you have paid all your premiums, you will receive a fixed amount of money equal to 10% of Sum Assured for 5 consecutive years.
  2. Payout - As the policy matures, you will receive a lump sum payout.
  3. Life Cover - You will receive another lump sum as you turn 80 years.

Product Benefits

  • Flexibility to select the amount of insurance cover and policy term.
  • You get extended life cover at the age of 80. The payout will be a lump sum payment equal to 100% of your Sum Assured.
  • You will be entitled to survival benefit where you will receive 5 annual payouts equal to 10% of your Sum Assured
  • Maturity benefit will be a lump sum payout equal to 50% of the Sum Assured + any declared Compounded Reversionary bonuses + any Terminal Bonus.
  • Death benefit payable will be higher of 105% of all the premiums paid (excluding taxes, rider premiums and extra premiums, if any) as on date of death; or Death Sum Assured + Accrued Compounded Reversionary Bonuses (if any) plus Terminal Bonus (if any).

Eligibility Details

Age at Entry7 to 50 years
Age at Maturity27 years – 75 years
Policy TermPremium Payment Term + 5 years
Minimum PremiumMinimum: 15,000 Maximum: No limit
Minimum Sum Assured 2,00,000
Frequency Annual, Semi-Annual and Monthly.
Premium Payment Term(PPT)15 or 20 years

Future Generali New Saral Anand

This is an investment plan which provides extended insurance cover till the age of 100 years.

Product Benefits

  • Flexibility to select the amount of insurance cover and the term of your policy.
  • Maturity benefit will be a lump sum payout equal to 100% of the Sum Assured plus any declared Compounded Reversionary Bonuses plus any Terminal Bonus (Only if you have paid all your premiums).
  • You will receive extended life cover benefit when you reach the age of 100. Another lump sum payment equal to 100% of your Sum Assured is paid on surviving till the age of 100.
  • Death benefit payable will be a higher of 105% of all the premiums paid as on date of death; or Death Sum Assured + Accrued Compounded Reversionary Bonuses (if any) plus Terminal Bonus (if any).
  • Death Sum Assured is higher of Sum Assured OR 10 times Annualised Premium OR Maturity Sum Assured, which is equal to sum assured OR Absolute amount payable on death (which is equal to Sum Assured).

Eligibility Details

Age at Entry3 years – 50 years
Age at Maturity18 years - 70 years
Policy Term15 to 20 years
Minimum Premium₹8,000/- per annum
Sum AssuredMinimum – 1,00,000 Maximum – No Limit
Premium Payment Frequency Equal to Policy Term (Regular Premium Payment)
Premium Payment Term (PPT)Equal to Policy Term (Regular Premium Payment)

Future Generali New Assure Plus

This is a non-linked participating life insurance plan which comes with a dual death benefit option.

Product Benefits

  • You are entitled to tax benefits under Section 80C, 80D, 80CCC and 10(10D).
  • Flexibility to select your policy term and premium payment term.
  • Maturity benefit will be Guaranteed Maturity Sum Assured equal to Sum Assured plus Vested Compound Reversionary Bonuses, if any, plus Terminal Bonus, if any, for option 1.
  • Maturity benefit will be Guaranteed Maturity Sum Assured equal to Sum Assured plus Vested Compound Reversionary Bonuses, if any, plus Terminal Bonus, if any, for option 2. Even in case of death of the Life Assured, the Maturity Benefit will be payable.
  • Death benefit (option 1) payable will be a lump sum amount higher of 105% of all the premiums paid (excluding taxes, rider premiums and extra premiums, if any) as on date of death; and Death Sum Assured plus vested Compound Reversionary Bonuses, if any plus Terminal Bonus, if any.
  • Death benefit (option 2) payable will be a lump sum amount higher of 105% of all the premiums paid (excluding taxes, rider premiums and extra premiums, if any) as on date of death; and Death Sum Assured.
  • You can avail a loan against this policy.
  • Free Look Cancellation of 15 days.
  • Grace period of 30 days.

Eligibility Details

Age at Entry3 years – 55 years
Age at Maturity18 years - 70 years
  • For minor life assured whose age is less than 8 years, minimum policy term to be chosen shall be equal to (18 less age at entry) years.
  • For life assured having entry age greater than or equal to 8 years but less than or equal to 40 years, the policy term to be chosen shall be between 10 years to 30 years, both inclusive.
  • For life assured whose age is greater than 40 years, maximum policy term to be chosen shall be equal to 70 less age at entry years
Policy Term10 to 30 years
Minimum Premium- Minimum Annualized Premium- Rs. 10,000 subject to Minimum SA of Rs. 1,00,000 - Maximum Premium - No Limit
Sum Assured
  • Minimum – Rs. 1,00,000
  • Maximum – No Limit
Premium Payment Frequency Yearly, Half Yearly, Quarterly & Monthly
Premium Paying Term
  • 5 to 9 10 to 30 years PPT + 5 to 30 years
  • 10 to 25 PPT to 30 years PPT + 5 to 30 years
  • 26 to 30 PPT to 30 years Not Applicable

How to Apply for Future Generali Investment Plans?

Online Option

There are some plans which the company provides via the only mode only. To apply online, you need to register a login ID and password on the official website of the company. Once logged-in, you need to select a specific policy, coverage plan and fill in the application form. Post selection, you can make the premium payment via debit card/credit card/net banking.

Offline Application

You can purchase multiple plans of Future Generali from banks, agents, brokers, branch and intermediaries.

FAQs on Future Generali Investment Plans

Why choose Future Generali traditional plans?

With over 104 branches across India and over 12.9 lakh policies sold, Future Generali has a very strong portfolio of traditional and investment plans which cater to all of your protection and savings requirement.

Which is the best traditional plan of Future Generali for 2018?

Future Generali does not have a single best traditional or investment plan but it has multiple good traditional plans to select from. To name a few - Future Generali New Assure Plus, Future Generali Assure Plus, Future Generali New Saral Anand and Future Generali Triple Anand Advantage.

How to pay premium? What are the different modes of premium payment?

You can pay premium via the following modes - Pay by Phone/Auto Debit/Cash/Cheque/Debit Card/Credit Card/Net Banking/Branch Banking.

How can I check policy status for Future Generali traditional Plans?

You can check your policy status online with your registered user ID and Password or send a text message to 5607003 with your policy number or call the toll-free number at 1800-102-2355.

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