Future Generali

Future Generali India Life Insurance launches Future Generali Term with Return of Premium (TRoP) Plan

Mumbai, Jan 5, 2017: Future Generali India Life Insurance Company Limited (FGILI) today launched the Future Generali Term with Return of Premium Plan. It is a simple, non-linked, non-participating plan which allows customers to choose between two payout options for receiving a guaranteed return of premium at the end of the policy term.

Key features of the product:

  • Two Return of Premium Payout Options at the time of maturity
  • Option A: Lump Sum Protection
  • Option B: Income Protection
  • Flexibility to choose Policy Term and Premium Payment Term
  • 100% of premiums paid under Option A or 115% of premiums paid under Option B are returned on survival excluding taxes, rider premium, modal loading and extra underwriting premium, if any
  • Women can avail the benefit of lower premium rates


Parameter Criterion
Entry Age
(as on last Birthday)
18 years – 55 years
Maturity Age 28 years - 75 years
Policy Term 10 year - 35 years
Premium Payment Term 10 years - 15 years
Payout Period
(Applicable only for Option B)
10 / 15 / 20 years
Sum Assured Minimum - Option A: Rs. 2,00,000
                   Option B: Rs. 9,02,119
                   (For a minimum Monthly Income of Rs. 10,000)
Maximum - No limit (subject to underwriting)
Monthly Income
(Applicable only for Option B)
Minimum - Rs. 10,000
Maximum - No limit (subject to underwriting)
Premium Payment Frequency Yearly, Half Yearly, Quarterly & Monthly
Premium amount Minimum Premium:
Rs. 3,000 annually for Option A and
Rs. 3,696 annually for Option B
Rs. 2,000 half-yearly for Option A and B
Rs. 1,000 quarterly for Option A and B
Rs. 500 monthly for Option A and B
Maximum Premium - No Limit (as per Sum Assured)
Premium rates for female lives An age setback of two years shall be applied to female lives for calculation of the premium rates.
For females lives aged 18 & 19 years, premium rates of 18 years male shall apply.

Commenting on the launch of TROP, Mr. Munish Sharda, Managing Director & CEO, Future Generali India Life Insurance Company Limited, said, "With the increase in popularity of term plans, there is a large segment of customers who want to secure themselves but have the expectation to receive their premiums back upon survival at the end of the policy tenure. With this specific insight in mind, we have launched our Future Generali Term with Return of Premium Plan (TROP). As with all our products, this is a simple to understand and easy to purchase product with two flexible benefit payout options – Lumpsum or Monthly Income. We believe this product addresses an important need and will help us bridge the protection gap further.

Generali is an independent, Italian Group, with a strong international presence. Established in 1831, it is among the world’s leading insurers and it is present in over 60 countries with total premium income exceeding €70 billion in 2016. With over 74,000 employees in the world, and 55 million clients, the Group has a leading position in Western Europe and an increasingly significant presence in the markets of Central and Eastern Europe and in Asia. In 2017 Generali Group was included among the most sustainable companies in the world by the Corporate Knights ranking.

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’.