•  
  • 1800-102-2355
  • Contact Us
  • Enquiry Form
  • Pay your
    Premium
    Pay your Premium

    Pay your premium online


    Other payment options

  • CALCULATORS
    Calculator

    Human Life Value Calculator

    Future Ready Calculator

    Premium Calculator / Benefit Illustration

    Future Ready Calculator


  • Send an
    Advisor
    Send an Advisor

    (Meeting a child plan specialist is purely voluntary and insurer does not offer any cashback for the same)

    *City
    Click to Change image
Life Insurance Made Simple
Get ePolicy
Buy Life Insurance Online

Flexi Online Term Plan

  • Flexi coverage option
  • Basic Life Cover

    Basic Life Cover

    Offers a lump sum payout on your death.

  • Income Protection

    Income Protection

    Offers a monthly income on your death till such time you would have turned 60 or for 10 years whichever is higher.

Benefits

  • Product Benefits
  • Period
  • Tax Benefits

Product Benefits

  • Longer Protection

    Longer Protection

    Provides life cover up to the age of 75 years

  • Lower premium rates for women

    Lower Premium Rates For Women

  • High sum assured discount

    High Sum Assured Discount

    Discount in premium rate in case you opt for a Higher Sum Assured

Period

Free Look period: In case you disagree with any of the terms and conditions of the policy, you can return the policy to the company within 15 days (30 days if policy is sold through direct marketing mode) of its receipt for cancellation, stating your objections. Future Generali will refund the policy premium after the deduction of proportionate risk premium for the period of cover, stamp duty charges, cost of medical examination, if any.

Grace Period: You get a grace period of 30 days if you have opted for annual premium payment or 15 days if you have opted for monthly premium payment from the premium due date to pay your missed premium. During these  days, you will continue to be insured and be entitled to receive the death benefits subject to deduction of due premiums.

Tax Benefits

The Premium(s) paid by you are eligible for tax benefit as may be available under the provisions of Section(s) 80C, 80 CCC (1), 80D, 10(10D) as applicable. For further details, consult your tax advisor. Tax benefits are subject to change from time to time.

HOW IT WORKS

  • 1 Basic Life Cover
  • 2 Fixed Income Protection
  • 3 Increasing Income Protection

1Basic Life Cover

Basic Life Cover

In case of death any time during the policy term, Jeevan's nominee will receive Rs. 1,00,00,000 as a one-time Lump Sum payout. The policy will end after the payment is made.

*Tax laws are subject to change

2Fixed Income Protection

Fixed Income Protection

In case his death happens immediately after payment of 7th annual premium, i.e. when he has turned 41 years old, his nominee would start receiving Rs50,000 every month, till such time when Jeevan would have attained 60 years of age.

In case of death during the policy term, Jeevan's nominee will receive a fixed amount every month, similar to Jeevan's monthly Income, for a period till Jeevan would have attained 60 years of age or for 120 months from the date of death, whichever period is higher.

Alternately, Jeevan's nominee has an option to take all monthly instalments as a lump sum at the time of claim settlement. All monthly payouts will be discounted at 6.5% per annum compounded. The option of taking lump sum benefit cannot be exercised once the fixed income protection payment has commenced.

*Tax laws are subject to change

3Increasing Income Protection

Increasing Income Protection

In case his death happens immediately after paying 7th annual premium, i.e. when he has turned 41 years old, his nominee would start receiving Rs 80,000 every month in the 7th policy year, which will increase every subsequent year, at a simple rate of 10% of the monthly payout chosen at inception, till such time when Jeevan would have attained 60 years of age.

Your coverage increases every year under this option to secure you and your family from the impact of rising costs due to inflation. You can choose the monthly amount which will increase at a simple interest rate of 10% from second policy year and thereafter every policy year.

In case of your death during the policy term, the increased monthly amount corresponding to the policy year of death will start getting paid to your nominee and this amount will still continue to increase every year for the period till you would have attained 60 years of age or for 120 months from date of death, whichever is higher.

Your nominee also has an option to take the monthly payouts as a Lump Sum benefit at the time of claim settlement. All monthly payouts will be discounted at 6.5% per annum compounded. The option of taking Lump Sum benefit cannot be exercised once the Increasing Income Protection payment has commenced.

*Tax laws are subject to change

 

DEATH/ MATURITY BENEFIT

 

The Death Sum Assured shall be the higher of:

10 times Annualised Premium (excluding taxes and extra premiums, if any), or

105% of total premiums paid (excluding taxes and extra premiums, if any) as on date of death, or

Absolute amount payable on death which is equal to the Sum Assured

Where Sum Assured is equal to

Option 1: Sum Assured chosen at the outset

Option 2: Discounted value of fixed Income protection payments as on date of death discounted at a rate of 6.5% p.a. compounded yearly

Option 3: Discounted value of increasing Income protection payments as on date of death discounted at a rate of 6.5% p.a. compounded yearly.

Maturity Benefits:

There are no benefits payable to you on maturity of the policy.

 

Target Group
For the customers who want to buy a tax saving term plan directly from the company, are value conscious and internet savvy, looking at high level of protection at most affordable rates

HOW TO APPLY

  • Step1
    Step1
  • Step2
    Step2
  • Step3
    Step3
Buy Now

Please note you will have to go for a medical test to complete the application process. Our representative will get in touch with you to fix the appointment.

ELIGIBILITY

Parameter

Criterion

Basic Life Cover

Income Protection

Entry Age (as on last birthday)

18 - 55 years

25 - 55 years

Maturity Age

Minimum:    

28 years

Minimum:

45 years

Maximum:

Smoker: 65 years                       
Non – Smoker: 75 years

Maximum:

65 years

Policy Term

Minimum:

10 years

Minimum:

10 years  (subject to minimum maturity age of 45 years)

Maximum:

Smoker: 65 years minus Entry Age
Non-smoker:   75 years minus Entry Age

Maximum:

65 years minus Entry Age

Sum Assured

                                                                                                

Plan Option

Minimum

Maximum

Basic Life Cover

Rs. 50,00,000

No Limit

 
 

Age at Entry

Minimum Monthly Amount

Maximum Monthly Amount

Fixed Income Protection

25-43

Rs.25,000

No Limit

44-48

Rs.35,000

49-55

Rs.42,000

Increasing Income Protection

25-48

Rs.25,000

49-55

Rs.30,000

Premium Payment Term

Equal to the Policy Term for all options

Premium Payment Frequency

Annual and Monthly

 

Riders

    To enhance your financial protection and to secure yourself/your family against accidental disability or demise, we present to you Rider which you may choose as an additional protection. There is one rider option available under this plan. Future Generali Accidental Benefit Rider (UIN: 133B027V01). Please refer to the respective rider brochure for more details. The premium pertaining to health related or critical illness riders shall not exceed 100% of premium under the basic product, the premiums under all other life insurance riders put together shall not exceed 30% of premiums under the basic product and any benefit arising under each of the above mentioned riders shall not exceed the sum assured under the basic product.

    Please refer to the respective rider brochure for more details.

    Please refer to the sales brochure of this rider to understand the terms & conditions before concluding a sale.

    Click here to download the sales brochure.

    Click here to download the sample Policy Document.

Disclaimers

    Future Generali Flexi Online Term Plan UIN 133N058V02

    LAPSE

    If your due premium remains unpaid at the end of the grace period, the policy shall lapse and no life cover will be provided to you during lapse period. You can revive the policy within 2 years from the date of last unpaid premium. The policy will be terminated for no value at the end of revival period.

    SURRENDER VALUE - NIL

    PAID UP VALUE - NIL

    REVIVAL PERIOD - If due premiums are not paid during the grace period, the policy may be revived during the Policy Term within a period of two years from the due date of first unpaid premium. The revival will be considered on receipt of

                     
    • A written application from the policyholder along with the proof of continued insurability of the life assured as specified by the Company from time to time and
    •                
    • On payment of all overdue premiums without any interest.
    •              

     

    NOMINATION AND ASSIGNMENT

    Nomination, in accordance with Section 39 of Insurance Act, 1938, is permitted under this policy.

    Assignment, in accordance with Section 38 of Insurance Act, 1938 is permitted under this policy.

     

    Exclusions
    If you commit suicide within one year from the policy inception date, the plan will be void and only 80% of the premiums paid will be payable as death benefit. If you commit suicide within one year from the revival date of the plan, if revived, only 80% of the premiums paid till the date of death , will be payable as death benefit. 

     

    FREE LOOK CANCELLATION:
    In case you disagree with any of the terms and conditions of the policy, you can return the policy to the company within 15 days (30 days if policy is sold through direct marketing mode) of its receipt for cancellation, stating your objections. Future Generali will refund the policy premium after the deduction of proportionate risk premium for the period of cover, stamp duty charges, cost of medical examination, if any.

X