Future Generali

Future Generali India Life Insurance bolsters its health solutions, launches new Heart & Health Insurance Plan

Mumbai, Jan 31, 2018: Future Generali India Life Insurance (FGILI), India’s fastest growing life insurance firm, today announced the launch of its latest offering, a new heart and health insurance plan further strengthening its health portfolio. The plan will provide financial protection to insured against 59 heart related, cancer related and other illnesses.

FGILI’s heart and health plan will be the first insurance product to introduce customers to a modular combination of four distinct types of coverage options, allowing them to choose from an exclusive heart cover, a heart cover with return of premium, a critical illness cover (related to heart, cancer and other illnesses) and a critical illness cover with return of premium.

All the options will have critical illness benefits diversified among 3 severity groups i.e. minor, moderate and major, benefit payout for which will be 25%, 50% and 100% respectively. Furthermore, the product has an inbuilt waiver of premium benefit for 5 years or end of policy term whichever is nearer (only once, on the occurrence of first minor claim or first moderate claim).

In addition to offering a maturity benefit whereby the policyholder (of option 3 and 4) can get back the sum of all premiums paid in case of survival till maturity, the plan also has an in built death benefit (25 % of sum assured) on all the 4 cover options. *

Key Highlights of FGILI’s Heart and Health Insurance Plan

  • Provides comprehensive cover against 59 critical illnesses including 18 Heart ailments & Cancer related conditions
  • Option to buy stand-alone Heart cover or a comprehensive Critical Illness cover
  • Provides coverage till 75 years of age with flexibility to choose Sum Assured, Policy Term and Premium Paying Term
  • Covers minor, moderate and major stages of Critical Illnesses allowing for multiple claims to be made
  • Lumpsum benefit payment on diagnosis or upon treatment as the case may be
  • A unique in-built death benefit equal to 25% of Sum Assured offers extra value of protection for the family of the insured
  • Provides waiver of premium benefit in case of first minor or moderate claim
  • Provides option to get back your premiums in case of survival till maturity
  • Tax Benefit u/s 80C, 80D and 10(10D)


“Health Insurance is a fast growing segment and with government’s thrust to the sector in the recent budget, we believe there is tremendous potential for growth of all kinds of health insurance schemes in the coming years. As a life Insurer, we are offering a unique proposition to our customers that goes beyond indemnity insurance cover provided by the health insurance companies. Future Generali Heart & Health Insurance Plan is a unique and comprehensive defined benefit plan that provides financial protection against 59 Critical Illnesses including 18 Heart ailments - making it a truly comprehensive critical illness plan in the market.  With a modular design to cater to specific requirements of our customers, it offers flexibility to choose between 4 types of coverage options including option to receive the premiums back on survival of policy term. Plan offers lumpsum benefit upon diagnosis or treatment as the case may be and allows for multiple claims to be made. As demonstrated through our Heart and Health Insurance plan, we continue to stay committed to our brand ideology of offering, simple yet differentiated products that caters to specific needs of our customers.” said Munish Sharda, MD and CEO, Future Generali India Life Insurance, on the occasion.

*Refer to annexure below for eligibility parameters

Heart cover Critical illness cover Heart cover with return of premium Critical illness cover with return of premium
Entry Age
(As on last birthday)
Minimum:18 years
Maximum:65 years
Maximum Maturity Age 75 years (as on last birthday)
Policy Term (in years) 10, 15, 20, 25, 30 and (75 minus age at entry) Up to age 50-10, 15 ,20, 25, 30 and (75 minus age at entry)
For age 51 to 65 years - 10 years
Premium Payment Term Equal to policy term
Sum Assured (in INR) 5 lakhs/ 10 lakhs/ 20 lakhs/ 30 lakhs/ 40 lakhs/ 50 lakhs
Minimum Annual Premium INR 614
INR 178,145
INR 1821
INR 330,995
INR 3008
INR 850,000
INR 3207
INR 11,90,000
Premium Payment Frequency Half-yearly Premium- 52% of annual premium
Quarterly Premium- 26.5% of annual premium
Monthly Premium) - 8.83% of annual premium

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’.