An online term insurance plan which provide flexible benefits. The features and benefits of the plan are as follows:
The policy holder can select death benefit amid several benefit options that are available with Future Generali.
The policyholder can select the option of Basic Life Cover. In this a lump sum amount will be paid in case of the sudden demise of the insured person during the tenure.
Under this option, a fixed amount is paid to the insured person’s family on a monthly basis in case of his or her death till he or she would’ve reached 60 yrs. of age.
Under this option the amount upsurges by 10% every year thereby providing more income to the deceased person’s family.
Tax exemption option is obtainable on the claim amount & premium amount..
| Min | Max | |
|---|---|---|
| Frequency of Premium Payment | ||
| Term of Premium Payment | ||
| Sum Assured | Rupees 50 Lakhs | No Limit |
| Term of Policy | 10 yrs. | 65 yrs. (entry age) Non-smokers – 75 yrs. (entry age) |
| Age of Maturity | Life Cover (Basic) - 28 yrs. Income protection – 45 yrs |
65 yrs. & for Non-smokers – 75 yrs. |
| Age of Entry | Life Cover (Basic) - 18 yrs. Income protection – 25 yrs |
55 yrs. |
| Min | Max | |
|---|---|---|
| Frequency of Premium Payment | ||
| Term of Premium Payment | ||
| Sum Assured | Classic Variant – 10,00,000/- Premiere Variant – 25,00,000/ |
Classic Variant – 25,00,000/- Premiere Variant – No Limit |
| Term of Policy | 5 yrs. | 30 yrs. |
| Amount of Premium | ||
| Age of Maturity | - | 65 yrs. |
| Age of Entry | 18 | 60 |
Fill up the claim form. Attach the Medical or Death Certificate by the respective hospital & provide bank account information. Submit all of these at the nearest branch.
Future Generali’s claim specialist will conduct an assessment of the claim. For any further information relatives would be called or informed via letter or SMS.
After receiving the verification findings & whole documents, the insurer will decide within 10 days. The insurer also informs the claimant, about the same.
Total Death Benefit Paid - 44.90 CR
Presence - 232 branches
Start - 2006
Paid Death Benefit for - 3,225 Policies
Customer Care - 8 AM to 8 PM
Ratio of Claim Settlement - 94.86%
