Future Generali

Future Generali India Life Insurance launches New Saral Anand

A simple, participating plan with an extended cover till 100 years of age

Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future Group - the leading retailer of India, Assicurazioni Generali - a global insurance group and one of the world’s 50 largest companies* - a leading NBFC, today announced the launch of New Saral Anand, which is a simple, regular pay, traditional participating plan.

A key benefit of this plan is that it provides an extended life cover. The policyholder not only gets the sum assured along with bonuses at the end of the policy term but also gets an extended cover till the age of 100 years. The policyholder receives another lump sum equal to the Sum Assured on attaining the age of 100 years. In case of death during the extended benefit period, this amount is paid to the nominee. This product will also provide a whole life cover with a simplified underwriting process, thereby making it convenient for the customer.

Entry Age
3 years to 50 years
Maturity Age 18 years to 70 years
Policy Term 15 years to 20 years
Sum Assured Minimum – Rs. 1,00,000
Maximum – No Limit
Maturity Benefit Lump sum (Sum Assured + Compounded Reversionary bonuses (if any) + Terminal Bonus (if any).

Compounded Reversionary Bonus: At the end of each financial year the Company may declare a bonus expressed as a percentage of the Sum Assured and all previous bonuses declared. The bonus of each year is added to the sum assured and the next year’s bonus is calculated on the enhanced amount.

Terminal Bonus: The Company may declare a discretionary terminal bonus which is payable on death or maturity of the plan.

On the occassion of the launch, Mr. Munish Sharda, Managing Director & CEO, Future Generali Life Insurance said, “As the name suggests, this plan is extremely simple and straightforward. This is a with-profit plan where the customer will receive a sum assured with accumulated bonus at the end of the policy term and an additional extended life cover until the age of 100 years.This product is in line with our philosophy of offering simple to understand propositions which deliver value to our customers. We will continue to design products which cater different insurance needs of diverse customer segments.”


The Generali Group is one of the largest global insurance providers with 2014 total premium income exceeding €70 billion. With 78,000 employees worldwide serving 72 million insured persons in more than 60 countries, the Group occupies a leadership position on West European markets and an increasingly important place on markets in Central Eastern Europe and Asia. In Asia, the Group operates in 10 markets: China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, Thailand and Vietnam. Generali ranked among the world’s 50 smartest companies in 2015 according to the MIT Technology Review. Generali is the only insurer to be listed.


Future Group operates some of India’s most popular retail chains including Central, Big Bazaar, Food Bazaar, Home Town and eZone. Apart from its allied businesses in Life and General insurance, the Group is also present in the domain of logistics infrastructure and supply chain and brand development. The group operates over 17 million square feet of retail space in over 90 cities and towns and 60 rural locations across India. The group’s retail formats connect over 300 million customers to over 30,000 small, medium and large enterprises that supply products and services to its retail chains. Future Group believes in developing strong insights on Indian consumers and building businesses based on Indian ideas, as espoused in the group’s core value of ‘Indianness.’ The group’s corporate credo is, ‘Rewrite rules, Retain values’.