Future Generali Total Insurance Solutions

Life Insurance Plans

Life insurance is an irreplaceable part of a sound financial plan. It helps in securing your family's financial future in case of an unfortunate event like your untimely death. It also provides you with a financial backup in case of an accident or any other event which may cause temporary or permanent disability and therefore loss of income.

Life insurance also helps as an investment tool. It builds your wealth in a planned manner to meet your financial goals and future expenses such as buying a new house, marriage, child's education or retirement. Future Generali India Life Insurance Company Limited offers a variety of simple-to-understand life insurance plans. These plans will help meet your various life needs such as protection, savings, investments, child's education, health etc.

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Why Choose Us

  • 1357

    Self & Partner Branches

  • 1.5 Million

    Lives covered since inception

  • ₹70.74 Billion

    Worth of Asset Under Management

  • 95.04%

    Individual claims settlement ratio for FY 2022-2023

Data as on 31st March 2023

Frequently Asked Questions

Life insurance is a financial contract to provide the nominee of the covered individual with a sum of money as decided in the contract. This sum of money is called sum assured in life insurance contract.

The covered individual or insured must pay a nominal sum to continue the contract, which is called premium.

Anyone with an income can buy life insurance to offer financial protection to their loved ones.

There are five unique types of life insurance plans:

  • Term Life Insurance: Pure life insurance plan, offers large sum assured for the nominal premium amount, does not have maturity value.
  • Endowment Plans: This life insurance plan offers a lump sum amount at the end of the chosen tenure. It also provides life cover till the maturity of the plan.
  • Money Back Plans: This life insurance plan provide pay-outs at regular intervals (usually 5 to 10 years). These pay-outs are generally percentage of Sum Assured under the plan.
  • Unit Linked Investment Plans: Life insurance plan which offers market linked returns and tax savings.
  • Annuity/Pension Plans: Perfect for retirement solutions, it will help you to get regular income post retirement. These plans are of two types – deferred and immediate. In deferred annuity plan, you start receiving regular income after few years which is called as deferment period. However in immediate annuity plans you start receiving regular income immediately after the purchase of the plan.

Riders provide additional insurance cover for a nominal premium. Future Generali Life Insurance offers following types of riders with the life insurance plans:

  • Accidental Death rider
  • Accidental Total & Permanent Disability Rider

Basic life insurance need for any individual should be such that it provides the family dependent on them sufficient money to maintain the same lifestyle and meet their financial goals in the individual’s absence.

The money needed for such cover should be usually 20 to 25 times of the annual income of the individual. It is a good practice to revise the cover once your income has grown significantly in future.