Designed for groups that want to provide affordable life insurance coverage to their members
18 to 69 years
1 year (renewable)
For social groups with 5000 members or above – 1000/- per member.
For other groups – 5000/-.
The plan is ideal for employers or groups that wish to monetarily secure the families of their employees or members. Here are the steps to get the Future Generali Group Term Life Insurance plan:
Decide the benefit option or basic term cover from these:
The premium for the coverage is calculated by FGLI and can be paid in Yearly/ Half-Yearly/ Quarterly/ Monthly terms.
|Member’s Age at Entry||Premium Per Group / Scheme||Minimum Sum Assured||Member’s Maximum Age at Maturity||Policy Term||Minimum Size of the Group|
|18 to 69 years||Minimum: 2,500/-
Maximum: No Limit
|Rural and Social Group
if Number of Members is 5,000 or more:
1,000/- (Per Member)
5,000/- (Per Member)
|70 years||One Year||25 Members Per Group|
Suicide Clause: In case an insured member commits suicide within 12 months from the risk commencement date of the member, his/her nominee will receive 80% of the premiums paid in respect of the insured member. This clause is not applicable for renewed policy and compulsory employer-employee groups.
Future Generali Group Term Life Insurance Plan (UIN: 133N003V02)